Wednesday, July 01, 2009

WSJ: Major disparities in stimulus spending per state

Based on an article in today's Wall Street Journal, it's safe to say that Nevada doesn't have as many of those ubiquitous-in-Illinois Barack Obama economic stimulus 2012 reelection campaign signs.

Some of the states worst hit by the recession are getting far less federal economic-stimulus money per person than states faring better.

Nevada, where unemployment stood at about 10% when the plan was passed, is getting $541 for each resident from the stimulus money allocated so far, a Wall Street Journal analysis found. Wyoming, where the 3.9% jobless rate was the lowest in the country in February, is getting $1,074 per person.

Florida, North Carolina and Oregon are among the other states with relatively low per-capita payouts, despite battling double-digit unemployment. North Dakota and South Dakota, meanwhile, are also receiving large quantities of stimulus money relative to their small populations -- even while unemployment remains about half the national average.

Per-capita funding figures, of course, don't give a full picture, and the Obama administration says the stimulus was always as much about investments in infrastructure as it was about targeting short-term unemployment. Still, the results leave some cash-strapped states feeling shortchanged.

The Obama campaign, however, was in such a hurry to get the stimulus bill passed.

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