If you enjoy statistical analysis and being pissed off at our government, read about how "stimulus" money is being directed to states that have suffered the least from the recession.
The stimulus bill "includes help for those hardest hit by our economic crisis," President Obama promised when he signed the bill into law on Feb. 17. "As a whole, this plan will help poor and working Americans."But FOXNews.com has analyzed data tracking how the stimulus money is being given out across the 50 states and the District of Columbia, and it has found a perverse pattern: the states hardest hit by the recession received the least money. States with higher bankruptcy, foreclosure and unemployment rates got less money. And higher income states received more.
The transfers to the states having the least problems are large. Even after accounting for other factors, each $1,000 in a state's per capita income means that the state got $21 more per capita in stimulus funds. With a spread of almost $38,000 in per-person income between the top and bottom states, this has a sizable impact. High-income states get considerably more stimulus money.
States with higher bankruptcy rates got a lot less, not more, money — roughly $86 less per person for each percentage point increase in the state's bankruptcy rate. States with higher foreclosure rates were treated very similarly, losing $82 per person for each one percentage point more of the people suffering foreclosures.
There are charts at the link!
It should be obvious to any observer that the "stimulus" money is being used to reward political allies rather than to actually spur the economy.
Politico reported on June 5 that the “Stimulus tour” — visits by Mr. Obama and other administration officials “across the country to tout the massive spending program or hand out stimulus cash to grateful local officials” — overwhelmingly took place in states that voted for Obama: “52 of the 66 events were in states that backed Obama.” The other 14 events were in states that Obama lost only narrowly. A new study released by USA Today also finds that counties that voted for Obama received about twice as much stimulus money per capita as those that voted for McCain.
Hope and change!
