Listening to the news or reading the papers, one would think that most of the Stimulus funds have been spent. In fact, look a little closer and it appears the spending hasn't really yet begun (at least in the East Bay).
Looking at the East Bay Congressional districts a total of $46,519,252 in Stimulus Contracts has been awarded (which sounds great), but it breaks down as follows:
More about → Waiting On The East Bay Stimulus Funding To Flow...
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Looking at the East Bay Congressional districts a total of $46,519,252 in Stimulus Contracts has been awarded (which sounds great), but it breaks down as follows:
- District 7 Congressman George Miller: $809,208 in a single contract to a consulting firm working with the Forest Service
- District 9 Congress woman Barbara Lee: $44,811,00 in a single contract to Lawrence Berkeley National Labs
- District 10 Congress woman Ellen Tauscher: $0,00
- District 11 Congressman Jerry McNerny:$899,044 in a single contract to a produce company for "fruits and vegetables"
Looking for the good news... this means that the bulk of the Stimulus money still hasn't been disbursed. I have never been a believer in "trickle-down" economics, but being that our industry tends to be at the "bottom" of the food-chain, I guess now is as good a time to start believing as any!
