Upon waking this morning, I began to try to summarize in my mind the amount of Federal "stimulus" and "recovery" monies that this county has benefited from. Not an easy task! Not so co-incidentally, the Bellingham Herald today
featured an article about energy efficiency stimulus funds currently being administered by the
Opportunity Council and
Sustainable Connections. (BTW, some current "stimulus funded" job opportunities - albeit some of them limited to those who can lift 70 lbs. and/or run power tools - are
listed here.)
As I started to run down the list of federal 'recovery' and 'stimulus' programs in my mind, I realized that in ten short months, Barack Obama's administration has most probably eclipsed in complexity, real spending, and nominal spending all of FDR's administration efforts during the Depression! A partial list:
- TARP (started in Bush Administration)
- ARRA (American Reinvestment and Recovery Act)
- Auto Bailouts
- Bank Bailouts
- FED repurchasing of $1.2 Trillion Mortgages
- FED purchase of Treasuries
- FED extended low interest rate policy
- First Time Homebuyer Tax Credit
- CARS program
- ....
There is a an easier way to track the monies provided by the 'recovery act' :
http://www.recovery.gov. Washington State has been awarded nearly $7 billion in recovery monies, although some more than $2 billion has been paid out. We are considered the #2 recipient of jobs created by federal stimulus monies to date. To track the monies in Washington state and Whatcom County, pursue the "
Where is the Money Going?" link and start clicking on the dots. I attempted to go through a text list of Washington State monies and pull out those listed for Bellingham. However, the
list is incomplete for various reasons.
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