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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: calgal who wrote (71552)9/5/2009 7:14:28 PM
From: Hope Praytochange1 Recommendation  Read Replies (1) of 224748
 
ST. CLOUD, Minn. - It was just five months ago that Vice President Joseph R.
Biden Jr. made the New Flyer bus factory here a symbol of the stimulus. With
several cabinet secretaries in tow, he held a town-hall-style meeting at the
factory, where he praised the company as "an example of the future" and said
that it stood to get more orders for its hybrid electric buses thanks to the
$8.4 billion that the stimulus law devotes to mass transit. But last month,
the company that administration officials had pictured as a stimulus success
story began laying off 320 people, or 13 percent of its work force. Chicago
had to shelve plans to order another 140 buses from them after the state
money that it had hoped to use to pay for them failed to materialize. The
layoffs at New Flyer are a vivid illustration of the way that some of the
economic impact of the $787 billion federal stimulus law is being diluted by
the actions state and local governments are taking to weather the recession.
While the stimulus law cut federal taxes to inject money into the economy
quickly, at least 30 states have raised taxes since January, according to
the Center on Budget and Policy Priorities, a liberal fiscal policy group.
The stimulus will spend $27.5 billion in federal money on highway projects,
but at least 19 states are planning to cut their highway spending this year,
according to the American Road & Transportation Builders Association, a
trade group. And as the stimulus devotes $8.4 billion to mass transit,
transit systems across the nation have been forced to cut service, raise
fares and delay capital spending.

Oops this must been one of those things the Federal Government couldn't have
foreseen.
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