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By Mark Trumbull | Published Fri, Oct 16 2009 8:58 am
Your economic stimulus money is helping to keep the lights on at an electrical contractor’ shop in Hawaii, the state where Barack Obama went to high school.
The price-tag: $366,578 for A-1 A-lectrician Inc. to do repairs and seismic upgrades at a federal building in Hilo.
That kind of detail is now available to the public, thanks to a White House pledge of transparency. The numbers, released Thursday on the www.recovery.gov website, allow US citizens to drill down by state, zip code, and congressional district to view where government contracts are being awarded.
It’s a tantalizing glimpse into the American Recovery and Reinvestment Act (ARRA), the largest US stimulus effort ever. But it’s just a glimpse.
So far, details on just $16 billion in ARRA contracts and grants are on view. Eventually that’s slated to go much higher. (The total stimulus, reaching $787 billion, also includes money going toward tax cuts and aid to states.)
The spending faces close scrutiny to see if it’s boosting the economy - and if there are signs of political cronyism.
A quick overview of the first $16 billion:
“It is too soon to draw any global conclusions from this partial and preliminary data,” Obama economic advisor Jared Bernstein said in a statement Thursday.
The effectiveness of the stimulus is a matter of heated political debate, because of its cost to taxpayers and because unemployment has risen faster than expected nationwide since the measure was passed in February.
White House analysts estimate the direct impact on jobs from the $16 billion in contracts to be quite small - employing about 30,000 people. But they say the overall stimulus effort, including ripple effects, is significant.
“All signs - from private estimates to this fragmentary data - point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months, a much needed lift in a very difficult period for our economy,” Mr. Bernstein said.
The economy has lost 7 million jobs since the recession began.
Bernstein said the public database on stimulus spending will be expanded significantly on Oct. 30.
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