"Flow of Stimulous Just a Trickle" ...why not effective yet

[Stuart G]

http://www.msnbc.msn.com/id/31548130/ns/business-personal_finance/

By John W. Schoen
Senior producer
msnbc.com
updated 10:56 a.m. CT, Mon., June 29, 2009

"When the government enacted a $787 billion package of tax cuts and new spending this spring, there was much talk about how all that money would help pull the economy out of a deep recession. But readers are asking: Just how much of this money has been actually spent? Turns out the answer is not much."...........

The idea behind the government's economic stimulus package was to get money flowing through the system, boost economic activity and create jobs. But an msnbc.com review of the latest federal spending data shows that the money is flowing at a trickle.


One reason is that although Congress approved all this spending, the money has to go through the appropriations process before checks can be written. To help spread out the impact, the stimulus package is a 10-year program — with almost all the spending the first three years. But most of the money won’t be available until next year. Of the $478 billion in direct spending (the rest is mostly tax cuts), the Congressional Budget Office figures only about $150 billion will be available this year.

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This long article explains why the stimulous package has not been more effective. Well according to this, it takes some time. Very interesting analysis

[msongs]

1. stimulus to the military industrial complex going full blast as usual nt

[Stuart G]

2. You got that right...it never stops, never will..

[Gin]

4. I promise that if they gave me a debit card with 20 or 100k on it to stimulate

the economy...I would spend every cent..and help lots of businesses.

Obama...are you listening????

[theoldman]

3. I would rather see some thought on how the money is spent

than a rush to get it out to where ever it is going. I still think it was not enough and the government will add more in a year or two.