Power Breakfast: Stimulus saving jobs, BofA, Pike, holiday travel, oil prices

The federal stimulus money is coming in handy with Georgia’s unemployment rate stuck at 10.1 percent.

Stimulus spending on road projects, schools, public safety and other areas has created or saved more than 23,000 jobs in the state, AJC reporter Jeremy Redmon writes.

A total of 18 state agencies have spent $702 million of the $3.2 billion allocated to them since the president signed the American Recovery and Reinvestment Act in February. That resulted in 23,879 jobs created or retained in Georgia, according to a state report obtained by the AJC.

That breaks down to $29,380 spent per job across the state.

According to the study, 12,923 jobs were retained – mostly in local public school systems — after the state spent so-called “fiscal stabilization” funds — stimulus money intended to shore up local and state government budgets amid the recession.

State officials have cautioned not to draw strong conclusions from the numbers yet, as only a fraction of the $6.4 billion set aside for Georgia has been spent, Redmon reports.

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2 comments Add your comment

clyde

October 16th, 2009
7:57 am

These wouldn’t all be state jobs that were retained or created,would they? The ones that are going to continue to burden the other taxpayers?The few that are left working?

stace

October 20th, 2009
4:19 pm

Stimulus, what stimulus? You mean the tax hike for middle class working americans? That stimulus.

Now I am hearing that there is a stimulus to help cops buy homes that people have lost in forclosure. Well my thinking is this. They chose that job and why not give the stimulus money to the homeowner so they can keep their own homes. This government is killing America and the American dream. Everyone remember who voted for these bailouts because they voted againt our America when they did this.

All they would have had to do was lower corporate taxes, let the auto maker GM go bankrupt like Delta did and get out of the way. Lower taxes would have given people more money to put into the economy, kept the jobs moving and people would not have lost their jobs. GM could have done what Delta did, file, and restructure but nooooooo. Fannie and Freddy were the democrates babies and they are still the democrates baby. Nothing has changed there.