Do you know where your Tax $ went?
Very interesting posting. I also have wondered where our Government has spent the money going out in the stimulus packages. It is good to see that you can track where money has gone in your area which is always a concern on everyone's mind. As to saving jobs with the unemployment rate up to 10% nation wide you have to ask if it actually worked.
Car Sales Puyallup, Washington
Today the Federal Government is reporting some of the results achieved from the $787 Billion Stimulus package with regard to employment. Depending on the source you choose to listen to, anywhere from one quarter to one-half of the $787 Billion has been distributed.
In Puyallup, using my office zip code of 98372, there has been one contract reported with a value of $192,000, and it has resulted in in 0.5 (yes, that is one half) jobs created. I'm not sure how you calculate half of a job, maybe it is a 20 hour per week job? For the greater Puyallup area (zip codes 98371, 98372, 98373, 98274, & 98375) there have been two contracts awarded at a total cost of $574,825, and the published result of jobs created equals 1 (both contracts apparently created/saved one half of one job). Forgive me for feeling underwhelmed that our government spent over half a million dollars to save, or create one job.
Today the Federal Government is reporting some of the results achieved from the $787 Billion Stimulus package with regard to employment. Depending on the source you choose to listen to, anywhere from one quarter to one-half of the $787 Billion has been distributed.
In Puyallup, using my office zip code of 98372, there has been one contract reported with a value of $192,000, and it has resulted in in 0.5 (yes, that is one half) jobs created. I'm not sure how you calculate half of a job, maybe it is a 20 hour per week job? For the greater Puyallup area (zip codes 98371, 98372, 98373, 98274, & 98375) there have been two contracts awarded at a total cost of $574,825, and the published result of jobs created equals 1 (both contracts apparently created/saved one half of one job). Forgive me for feeling underwhelmed that our government spent over half a million dollars to save, or create one job.
Interestingly, I found a project listed with a cost of $999,310 that is attributed to Milton, WA just north of us by a couple of miles. The Recipient Company is the Boart Longyear Company, and their subsidiary Holt Drilling. While these funds did not save or create any jobs, at least the money was filtered through our area?
For Washington State as a whole, the claim is 2,909 jobs were created, or saved at a cost of $228,820,000 received so far. that averages out to $78,659 per job. From the various news articles I have read so far, the national average cost of each job created or saved so far varies from $250,000 to as much as $600,000. Washington State appears to be on the bargain end of the spectrum at $78,659 when compared to South Carolina, which has received $219,560,000 in order to create/save 146 jobs (roughly $1.5 Million per job).
All in all, I am very impressed with the transparency of the spending. I have never before been able to find out what my government does with our money at nearly the same speed as they spend it!
To see how the money is being spent in your area visit Recovery.gov
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