Reason.com has an interesting graph showing that the stimulus money is being spent disproportionately. The states with the highest unemployment are receiving fewer funds per person than states with lower employment. If one accepts the premise of the stimulus it should be spent in places where you need to jump-start the economy. And it looks like Congress and the administration are most focused on Washington D.C. where unemployment is less of an issue because of all the government jobs available. Poor Michigan and California.
And once again Business Week had an interesting article about the lack of investment in research and development. Both business and the federal government are very short-sighted, because it is r & d that creates future jobs. Stimulus money spent to keep some people hired in a day-care center has much less impact than money spent to develop innovations that lead to the jobs of the future. Washington and businesses are just focused on the present and not the future. But the future will come at some point.
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