Little Faith In The Stimulus Money

CNN finds today that 74 percent of poll respondents feel that at least half the money in the Democratic stimulus package was wasted. This accompanies a lack of confidence in the administration's response to the financial crisis in general, as a majority of Americans seem to feel it benefited banks, wealthy individuals, and corporations.
Stimulus waste was a concern voiced by President Obama from the start, as soon as funds were approved; he appointed Vice President Joe Biden as the stimulus "sheriff," and gave his VP the portfolio of preventing waste, recognizing that this money couldn't even appear to be going to wasteful projects (adhering to the mantra of  "no swimming pools"). Biden has been traveling across the country to announce new projects and promote the stimulus since then.

Most prominent in pushing the idea that funds have been wasted is Sen. Tom Coburn (R-OK), mortal enemy of the earmark, who released a report detailing 100 stimulus spending projects he found wasteful.

Presented by

Chris Good is a political reporter for ABC News. He was previously an associate editor at The Atlantic and a reporter for The Hill.

Pittsburgh: 'It's Better Than You Thought'

How Steel City became a bikeable, walkable paradise

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

The Best 71-Second Animation You'll Watch Today

A rock monster tries to save a village from destruction.

Video

The Case for Napping at Work

Most Americans don't get enough sleep. More and more employers are trying to help address that.

Video

A Four-Dimensional Tour of Boston

In this groundbreaking video, time moves at multiple speeds within a single frame.

Video

Who Made Pop Music So Repetitive? You Did.

If pop music is too homogenous, that's because listeners want it that way.

Video

Stunning GoPro Footage of a Wildfire

In the field with America’s elite Native American firefighting crew

More in Politics

Just In