The Stimulation Has Commenced
The following should be of interest to those complaining about the state and local jobs created by the American Recovery and Reinvestment Act as not being created fast enough to really get the economy moving.
The Minnesota Department of Transportation announced yesterday that 53 road projects throughout the state will be financed by $75 million in stimulus funds.
It is also worth noting that the Minnesota DOT is handing out contracts for those projects - starting today.
To review: ARRA was signed into law on February 17. We're starting to see that money hit the economy, in the form of awarded contracts, on March 13. And there may be even earlier examples; I just happened to run across this one.
Twenty-four days. Even Smilin' Bob would say this is a fast-acting stimulus.
Thank you for the good news post Mr. Reed.
March 13, 2009 8:56 PM | Reply | Permalink