Rep. Darrell Issa: Remember When?
I’m just going to include this whole thing. If Congressman Issa’s office has a problem with me taking the entire entry rather than excerpting it, I’ll change things up, but in the meantime I thought this was terribly instructive. Have a read. (And thank you ahead of time for understanding, Congressman Issa).
Of the $787 billion stimulus bill, $275 billion has gone un-spent as of August 27, 2010. Of the $512 billion of stimulus spending that has gone out, only $18.5 billion (less than 7 percent) has been paid out by the Department of Transportation – Source: Recovery.Gov
“The President today laid out a bold vision for renewing and expanding our transportation infrastructure — in a plan that combines a long-term vision for the future with new investments. A significant portion of the new investments would be front-loaded in the first year.” — The White House, today.
President-Elect Obama – November 28, 2008 Press Conference: “We are going to have to make sure that we are investing in roads, bridges, other infrastructure investments that lay the groundwork for long-term economic growth. A lot of that goes through our states and our local governments. And one of the things that we’re going to also want to make sure of is that as part of our economic plan, that we are fast-tracking some of these projects.”
Speaker Nancy Pelosi – January 7, 2009 Forum on Economic Recovery: “While there are many components to this economic recovery and jobs package. Make no mistake: this is not your grandfather’s public works bill.
Associated Press – January 11, 2009: “Spend a lot or spend nothing at all, it didn’t matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama’s argument that more road money would address an “urgent need to accelerate job growth.”
President-Elect Obama – January 16, 2009 in Ohio: “We’ll put nearly 400,000 people to work by repairing our infrastructure – our crumbling roads, bridges and schools. And we’ll build the new infrastructure we need to succeed in this new century, investing in science and technology, and laying down miles of new broadband lines so that businesses across our nation can compete with their counterparts around the world.
Vice President Biden – February 17, 2009, Signing of Stimulus: “Starting today, our administration will be working day and night to provide more aid for the unemployed, create immediate jobs building our roads and our bridges, make long-term investments in a smarter energy grid, and so much more.”
President Obama – February 17, 2009, Signing of Stimulus: ‘’Because of this investment, nearly 400,000 men and women will go to work rebuilding our crumbling roads and bridges, repairing our faulty dams and levees, bringing critical broadband connections to businesses and homes in nearly every community in America, upgrading mass transit, building high-speed rail lines that will improve travel and commerce throughout our nation.”