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Recently in a 60 Minutes interview President Obama went on the air and said that the stimulus program is working better and faster then expected.
“One of the interesting things about the Recovery Act was most of the projects came in under budget, faster than expected, because there’s just not a lot of work there.” – President Obama
This statement was based on projects that were funded by the stimulus program were coming in under budget and faster then expected. Because of that President Obama and the Democrats are pointing to how this stimulus program is working effectively.
You can easily see through at why these projects are coming in under budget and even faster then expected. With the downturn in the economy there isn’t much construction work and it is ultra competitive for the bids that are coming. Thus driving down the costs of the projects and even speeding up the time in which they are completed because of the additional man power available.
Even though President Obama said that most of the projects were coming in under budget, in actuality many of them were coming in under budget.
What is your opinion. Do you think the stimulus projects are working? Is this a good use of your tax dollars?
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