Porkulus money flow drops even further
posted at 2:15 pm on August 14, 2009 by Ed Morrissey
Two months ago, Barack Obama ordered his Cabinet to pick up the pace of stimulus spending after the public began losing confidence in its ability to generate an economic recovery. With the unemployment rate heading to 9.5%, the need for Obama’s urgency was obvious. So the federal government must really have turned on the cash spigots, right? Wrong:
Stimulus bill spending has slowed to a trickle, despite President Obama’s June order to his Cabinet to speed it up.
The average stimulus spending per week has dropped severely, to just $4.2 billion over the past month from $9.7 billion during the prior four months. The government spent $2.9 billion in the week ending Aug. 7.
Taxpayer groups say the numbers show spending decisions are random and prove that the $787 billion stimulus program has had no effect on the economy.
“This is a typical bureaucracy. They don’t operate in an efficient way. They can’t operate in an efficient way and make an impact,” said Leslie Paige, media director for Citizens Against Government Waste.
When Casey Stengel managed the New York Mets in the team’s debut season — a team that had as many rookies, retreads, and screw-ups as the Obama Administration apparently does — he moaned, “Can’t anyone here play this game?” It’s been six months for Team Obama, and they keep proving themselves inept at governance. Instead of picking up the pace, they’ve cut the flow by two-thirds.
This has two salutary effects, of course. First, the less they spend now, the more Congress could conceivably get back from Porkulus if they decide to call a halt to the farce. Second, with their continuing ineptitude, the White House demonstrates why the federal government should not be in charge of health care in the US. If they can’t figure out how to spend $787 billion in a one-time stimulus package, why should we trust them to handle an industry that generates 15% of American GDP, somewhere north of $2 trillion annually?









Blowback
Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.
Trackbacks/Pings
Trackback URL
Comments
Comment pages: 1 2 Next »
They are hanging on to the cash till the ’10 election cycle.
daesleeper on August 14, 2009 at 2:16 PM
Quit distracting, you terrorist.
BacaDog on August 14, 2009 at 2:17 PM
More evil-mongering.
lorien1973 on August 14, 2009 at 2:17 PM
Time for a second stimulus.
txag92 on August 14, 2009 at 2:18 PM
This is one case where their incompetence is good for America…they can’t flush this money down the toilet fast enough.
AUINSC on August 14, 2009 at 2:18 PM
“You’re already being scammed.” –Biden
Abby Adams on August 14, 2009 at 2:18 PM
“This is a typical bureaucracy. They don’t operate in an efficient way. They can’t operate in an efficient way and make an impact.”
By all means then, why shouldn’t we let these people take over health care?
Because they’re having such an easy time managing what they are doing now, another collossal program should be no problem whatsoever.
NoDonkey on August 14, 2009 at 2:18 PM
They need to give back any stimulus money left over.
becki51758 on August 14, 2009 at 2:18 PM
Ogabe is keeping his powder dry, his final last-ditch chance to sway enough of the nation back to his side. Next year the money is going to flow like a river to all the targeted groups that the ‘rats need to sway the 2010 election.
Bishop on August 14, 2009 at 2:18 PM
They can’t even get 2 billion to car dealerships for C4C.
Imcompetence. Nothing but incompetence.
ORconservative on August 14, 2009 at 2:19 PM
Hah hah hah. I can just see the dollars dripping drop, drop, drop, drop, drop. But if ObamaCare passes, the spigot will become a vacuum and suck up everyone’s money and choices and rights.
http://issuu.com/andy85719/docs/the_health_care_bill
andy85719 on August 14, 2009 at 2:19 PM
BacaDog on August 14, 2009 at 2:17 PM
Is not the term “Fishy, Evil-Mongering, Nazi, un-American, KKK terrorist?”
Because I want to get this right.
NoDonkey on August 14, 2009 at 2:19 PM
That automatic wealth spreader got some sand in the gears?
I thought o’ Sheriff “Nobody Messes with Joe” Biden was supposed to have a keen eye on this boondoggle?
What’s up with that Batman?
ted c on August 14, 2009 at 2:20 PM
The “free” money has too many strings attached. The Cash for Clunkers has 136 pages of rules and regulations for example.
To really stimulate growth you need to give small businesses tax breaks….
jbh45 on August 14, 2009 at 2:21 PM
but…but..but..it needed to be passed for all those shovel ready projects and get 2 million people back to work
/sarc
ineptitude thy name is the Obama Administration
cmsinaz on August 14, 2009 at 2:21 PM
As efficient as the post office and managed twice as well.
Be afraid.
lorien1973 on August 14, 2009 at 2:22 PM
By screwing this up….they’ve actually done something RIGHT!!!!!!! (cue golf clap)
search4truth on August 14, 2009 at 2:22 PM
Conundrum… don’t want the money spent at all, but I don’t want it sitting off on the sidelines wreaking havoc on private sector decision making.
myrenovations on August 14, 2009 at 2:22 PM
Not only are they all socialists – they are incompetent socialists!!
idahoconservative on August 14, 2009 at 2:23 PM
Which is why we really want government running health care, right?
Daggett on August 14, 2009 at 2:23 PM
ACORN is not needed until next year.
WashJeff on August 14, 2009 at 2:23 PM
You’re probably right–although that’s giving O and the Dems credit for being crafty & competent
( new Doo-Wop group: “O and the Dems” )
hit songs: none
Janos Hunyadi on August 14, 2009 at 2:23 PM
Bingo. You’re right on target!
jbh45 on August 14, 2009 at 2:23 PM
Why shouldn’t the flow drop. President Obama already said that the drop in unemployment to 9.4% was due to the stimulus. Mission accomplished.
TooTall on August 14, 2009 at 2:23 PM
flag@whitehouse.gov
NickelAndDime on August 14, 2009 at 2:23 PM
+100 That’s what the bill’s SOLE purpose is.
marklmail on August 14, 2009 at 2:25 PM
you all knew it was coming, right?
bloviator on August 14, 2009 at 2:25 PM
So, just as a quick guesstimate, the stimulus is costing us more per week than the Iraq War that the libs attempt to claim has bankrupted the country.
There has got to be material for a commercial there…
cntrlfrk on August 14, 2009 at 2:25 PM
Laughable. They are PATHETIC!
JAM on August 14, 2009 at 2:26 PM
There is a big push to get ObamaCare passed this fall before a potential second swine flu wave hits. If ObamaCare is effect, the lines for health care will grow, causing some not be treated & meeting their untimely death, and thus reducing unemployment. ;-)
WashJeff on August 14, 2009 at 2:26 PM
Yes. But the intelligence level expressed shocked me more than I thought it would.
lorien1973 on August 14, 2009 at 2:27 PM
Shutup, the time for talking is over. We’re trying to save the economy!
NickelAndDime on August 14, 2009 at 2:27 PM
Which was always a fraud, since the Democrats included the active duty salaries that would have been paid whether we were at war or not, along with the training money that would have been expended in wartime or peacetime.
The lesson here is, that leftists always lie.
NoDonkey on August 14, 2009 at 2:28 PM
Why Government Can’t Run a Business
The Obama administration is bent on becoming a major player in — if not taking over entirely — America’s health-care, automobile and banking industries. Before that happens, it might be a good idea to look at the government’s track record in running economic enterprises. It is terrible.
In 1913, for instance, thinking it was being overcharged by the steel companies for armor plate for warships, the federal government decided to build its own plant. It estimated that a plant with a 10,000-ton annual capacity could produce armor plate for only 70% of what the steel companies charged.
When the plant was finally finished, however — three years after World War I had ended — it was millions over budget and able to produce armor plate only at twice what the steel companies charged. It produced one batch and then shut down, never to reopen.
Or take Medicare. Other than the source of its premiums, Medicare is no different, economically, than a regular health-insurance company. But unlike, say, UnitedHealthcare, it is a bureaucracy-beclotted nightmare, riven with waste and fraud. Last year the Government Accountability Office estimated that no less than one-third of all Medicare disbursements for durable medical equipment, such as wheelchairs and hospital beds, were improper or fraudulent. Medicare was so lax in its oversight that it was approving orthopedic shoes for amputees.
These examples are not aberrations; they are typical of how governments run enterprises. There are a number of reasons why this is inherently so. Among them are:
- more -
KentAllard on August 14, 2009 at 2:28 PM
For Economists Declaring an End to the Recession, Some Signs Suggest ‘Not So Fast’
Data suggest declarations by economists that the longest recession since the Great Depression has ended may be premature.
FOXNews.com
artist on August 14, 2009 at 2:28 PM
I seem to recall something about shovel-ready projects designed to pump up the economy in the short term. Whatever happened to that concept?
highhopes on August 14, 2009 at 2:29 PM
I’m sure it will pick up around mid to late 2010….
tommylotto on August 14, 2009 at 2:29 PM
The flow of funds have been diverted to Bawney Fwank’s toga parties.
Hening on August 14, 2009 at 2:29 PM
The unemployment rate supposedly falling by a “big” 0.1% to 9.4% is as phony as a three dollar bill, make that a three and a half dollar bill.
Look at the non-seasonal adjusted data from the government’s own web site.
At the bottom of the Birth-Death Model page, they post a non-seasonally adjusted change in month over month employment. July shows a loss of 1,333,000 jobs.
http://www.bls.gov/web/cesbd.htm
Absolutely stunning! Our modern Soviets added over ONE MILLION fictional jobs to get the net loss of 247K, which itself somehow “translated” into a drop in unemployment.
KentAllard on August 14, 2009 at 2:31 PM
Thank you for posting that hyperlink! I really enjoyed the read!
search4truth on August 14, 2009 at 2:32 PM
Obama is putting the checks on hold until all support he has bought pays off in getting his programs passed.
HoustonRight on August 14, 2009 at 2:33 PM
That’s the amazing thing about tax cuts as a form of stimulus. The government doesn’t have to bother its little pointy head about what to spend the money on.
smellthecoffee on August 14, 2009 at 2:34 PM
Perhaps in keeping with Obama’s green initiative, the White House installed low-flow cash spigots. If that’s the problem, someone should tell Obama.
Howard Portnoy on August 14, 2009 at 2:35 PM
Heckuva job,
BrownieBiden.CP on August 14, 2009 at 2:35 PM
Thank God Joe Biden is on top of things.
marklmail on August 14, 2009 at 2:36 PM
ol Joe has been in detention awhile hasn’t he?
HoustonRight on August 14, 2009 at 2:36 PM
Clearly, we need some more czars to help improve the efficiency of the stimulus.
hawksruleva on August 14, 2009 at 2:36 PM
Obama knows that Joe could sink the health care bill in a couple minutes.
dpierson on August 14, 2009 at 2:39 PM
Yeah, I want to see Biden do a town hall on Obamacare. We’d get weeks of comedy material out of that.
Daggett on August 14, 2009 at 2:40 PM
Most of the money that went to “shovel ready projects” were projects the states had more than likely already funded. The states then did a little switch-a-roo by using the federal money and saving their own. Hence, no net increase.
roux on August 14, 2009 at 2:41 PM
Can’t have the economy recover too soon … The timing has to be just right!
Moaneeca on August 14, 2009 at 2:43 PM
This afternoon on FNC reporting: Auto dealers say cash-for-clunkers is dribbling out the money too slow as well. Now the dealers are making customers sign agreements that if the government runs out of money for the clunkers, they’re on the hook to make up the rebate. Guess what, Uncle Sam says customer doesn’t have to sign such an agreement. One dealer found that the government only returned $1500 of a $4500 rebate to a dealer because the IRS noticed a tax lien on the customer and took their cut first. LOL!!! Surreal!!!
Bob in VA on August 14, 2009 at 2:43 PM
I want my Pork NOW. How can I plan my trip to Jihadistan. Does anyone have a Gulfstream V laying around that Congress in not using?
Sanmon on August 14, 2009 at 2:44 PM
But, the stimulus is working all that cash infusion.
No wonder people want it returned/stimulus bill revoked.
This is all going to catch up to Obama and Dems. in a big way come 2010.
Rob
rwblake on August 14, 2009 at 2:46 PM
Even a statist who supports this kind of nonsense and supported public works programs in the past like the TVA and such when FDR was president has to admit that the government then was a fraction of the size it is now. Government at all levels has become a behemoth that is simply incapable of doing anything efficiently or effectively.
echosyst on August 14, 2009 at 2:46 PM
So they’re thinking that they’re going to wring $500 billion in “inefficencies” out of Medicare in 10 years??/
Hell, they’ve shown they can’t adequately distribute $7-10 billion in money that is sitting RIGHT IN FRONT OF THEM and put it to work.
These guys who think they can improve medical efficiency think that you could get 100% efficency out of engines and develop perpetual motion machines.
What fools have been bestowed to us?
ted c on August 14, 2009 at 2:46 PM
So, the dealers roll out the wheels, then have to float the $4500 on their books for hell knows how long until they get their “rebate” from uncle daddy sugar? Nice, really nice.
ted c on August 14, 2009 at 2:47 PM
How long before POTUS starts issuing car dealers IOUs just like Aahhhnold is doing out in nutland California?
ted c on August 14, 2009 at 2:48 PM
The puppet show in Montana will commence shortly.
Maybe someone will ask a hard-hitting question on Obama’s failure to get the stimulus funds rolling.
Maybe a seven-year-old.
Or a trained parrot.
fogw on August 14, 2009 at 2:49 PM
All good points. Then there’s the fact that the number of new applications for unemployment is up again this week. Wonder what he’s going to say if the next unemployment figures shows an increase again as I believe they will?
TooTall on August 14, 2009 at 2:50 PM
It’s interesting that his little ditty starts at 2:55. That’s the talk radio blindspot right before the weekend starts and begins the news cycle black hole.
ain’t that just like the POTUS to drive in the blindspot. He’s obviously skeered of the bad press this little western ditty is going to buy him.
“Hey Michelle, grab da kids and let’s head west and see Yellastone”
“Barack honey, what’s that going to cost us?”
“Oh, about 2-3 percentage points by Tuesday…”
“Deal baby!”
ted c on August 14, 2009 at 2:51 PM
I want to break the neck of that Julian guy on Fox. He keeps saying the health care insurance industry is sabotaging reform, but Obama made backroom deals with the industry and they are running pro-Obamacare ads. I hate Democrat talking head liars. Off with their bobbleheads.
andy85719 on August 14, 2009 at 2:51 PM
No way.
lorien1973 on August 14, 2009 at 2:51 PM
Last line is golden, Ed.
riverrat10k on August 14, 2009 at 2:52 PM
Not watching. Not watching. Not watching Obama lie. I’m waiting to hear about the planted heckler after it is over.
andy85719 on August 14, 2009 at 2:52 PM
TooTall on August 14, 2009 at 2:50 PM
I have little confidence in the feds reporting the real figures.
Unemployment over 10% will doom the Obama agenda, they will fudge the numbers to keep it under 10%, no matter how high it gets.
Who will call them on it, the MSM? Please.
NoDonkey on August 14, 2009 at 2:53 PM
FIFY
WashJeff on August 14, 2009 at 2:53 PM
They ran out of money buying government shovels.
Patrick S on August 14, 2009 at 2:53 PM
It dawned on me today why the Washington Post has been talking about the rural recession all this week. They were prepping the ground for today’s events. I do think that the questioning will be tougher since it is clear they figured out that everybody just laughed at the last town hall meeting. Also it is scheduled later in the day so the news coverage doesn’t go from the photo-op with little girls asking about those “mean signs” to angry constituents demanding to know if Clare McCaskill supports federally-funded abortions.
highhopes on August 14, 2009 at 2:53 PM
Congress would only consider pulling back the Porkulus money if they can hang the failure on someone other than themselves, but not Obama. He continues to be their sweet prince.
SKYFOX on August 14, 2009 at 2:54 PM
That would be awesome.
CP on August 14, 2009 at 2:54 PM
Everybody knows that Julian Epstien is a partisan whore.
highhopes on August 14, 2009 at 2:55 PM
Yeah, but doesn’t it look bad that he made a big deal about speeding up the spending? Kinda like he can’t get done what he says he’ll get done?
icyhot on August 14, 2009 at 2:55 PM
Everyone wondering about Joe Biden? He’s a little tied up right now, tied up in the White House basement to a chair, with a ball gag in his mouth and a hood over his face. If he attempts any contact, he will be waterboarded accordingly……..
adamsmith on August 14, 2009 at 2:55 PM
For the good of the country, I will take the blame.
WashJeff on August 14, 2009 at 2:55 PM
Exactly. Maybe if we double the pricetag we’ll be able to spend money faster!
Shock the Monkey on August 14, 2009 at 2:56 PM
It’s all about harnessing the synergistic power of unicorns.
highhopes on August 14, 2009 at 2:57 PM
Not true. He was at Eunice Shriver’s funeral among all the other very white people in attendance. For a bunch of raging liberals they sure didn’t seem to have much diversity in their personal lives.
highhopes on August 14, 2009 at 2:59 PM
So it’s either Major League, or Bad News Bears?
juanito on August 14, 2009 at 3:00 PM
That’s why the attack needs to be pushed into blue districts now. Create doubt, sow fear, create confusion as to how much support Ogabe really has. Make them spend that money shoring up their traditional base….then hit them with the corruption and nepotism charges hard in everywhere else.
Fighton03 on August 14, 2009 at 3:02 PM
What can you say about this?
TXMomof3 on August 14, 2009 at 3:03 PM
Bestest ‘most intelligent, most effective, most efficient administration, ever’! And don’t you forget it, or Axelrod will send you a personal email with all the current talking points.
GarandFan on August 14, 2009 at 3:03 PM
+1
HoustonRight on August 14, 2009 at 3:03 PM
*Does best Homer Simpson impression*
D’OH!!!!
Yakko77 on August 14, 2009 at 3:07 PM
Hell, the stimulus bill can’t even caulk some windows here in Nebraska let alone save the economy.
Click here for full story
Yakko77 on August 14, 2009 at 3:12 PM
Yakko77 on August 14, 2009 at 3:12 PM
Beautiful. (cue implosion in background)
riverrat10k on August 14, 2009 at 3:16 PM
And this is the same government who thinks they can efficiently handle health care for millions of Americans while at the same time, reduce costs —Yeah, Right!
ILUVTX on August 14, 2009 at 3:20 PM
Obama is saving up every last billion for walking-around money in the weeks before the 2010 election.
pedestrian on August 14, 2009 at 3:21 PM
The adults who put the “adult” in “adult movies” are in charge.
Putting it to the American people (wokka, wokka, wokka).
NoDonkey on August 14, 2009 at 3:21 PM
Yup. And jobs. Lots of worthless, temporary jobs which will be subtracted from the jobless count. A miraculous hail-mary recovery pass, just in time for elections.
Nichevo on August 14, 2009 at 3:25 PM
Maybe that explains why the rate of job losses went down.
Count to 10 on August 14, 2009 at 3:28 PM
When will Obumbler set up a snitch line for porkulus??
jukin on August 14, 2009 at 3:59 PM
I bet it picks up as we get close to election time in 2010. It would make a pretty big campaign war chest…
bnichols10 on August 14, 2009 at 4:01 PM
Get out of my head!!! As I started reading, I was thinking–”how much has ACORN received so far?” Great comment!
lovingmyUSA on August 14, 2009 at 4:03 PM
They blew through 50 years of ideas that fast and they blame conservatives for being the party of obstruction.
Osis on August 14, 2009 at 4:25 PM
The incompetent, leading the incapable, to do the unnecessary….!
DL13 on August 14, 2009 at 4:34 PM
..more like Eight Men Out..
VoyskaPVO on August 14, 2009 at 4:34 PM
Their just Biden their time!
chickasaw42 on August 14, 2009 at 4:50 PM
And therein lies the rub.
Dems own Porkulus. Giving the money back would simultaneously (A) be a huge confession saying that it failed and (B) make them look bad because they can’t give back the money they already spent. Lastly (C) it would prove to the people that the Republicans were right.
I can’t see them own up for reason (A), (B), or (C), let alone all three.
Chaz706 on August 14, 2009 at 5:51 PM
Comment pages: 1 2 Next »