Can’t wait to hear the Obama administration explain why the bailout is overwhelmingly concentrated in a small handful of states.
According to the ProPublica data, a total of $476.5 billion in bailout money has been doled out so far. New York, has garnered $175 billion, more than one third of the total. Michigan walked off with $80.7 billion, North Carolina netted $56.3 billion, Virginia totaled $54.9 billion, and California picked up $34.4 billion.
(Our thanks for thesaurus.com for the assistance with the previous paragraph).
That means the top three states took home 66% of bailout dollars and the top five nearly 84% of the total, which leaves a paltry 15% to be divvied up between the remaining 45 states and territories.
That should be just enough for a road sign in your neighborhood that says, “This construction project paid for by The Greatest President In History and the generous benefactors of the Democrat-controlled Congress of the United States.”
No construction projects, mind you, but some very nice signs.
h/t: NewsMax.com
Learn to use the space bar. Seriously. Aside from that your mind, while warped, seems to at least process information. You should be able to find some work and then be able to buy a cell phone for your ‘emergencyR 17; needs. If you have enough time to type...
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The map itself is deceptive because it uses a logorithmic scale. The situation is actually much worse than it appears. Some states’ funding would not even be visible on this map.
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In New York the Great Benevolent Leader’s money was used to give people on welfare or fodstamps with children 200 dollars for school supplies. (FYI went with a friend her daughters total school supplies and clothing was less than 100 dollars total – thats clothes too). Needless to say was just a 200 dollar giveaway – probably stimulated Xbox andIpod production.
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Anyone notice how the states that got more money are the states that voted for Obama? Anyone? Anyone? Beuller?
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Im in new york (central new york)
If it wasn’t for NYC, my state would probably look like wyoming…
I graduated this may, and still don’t have a job with a 3.4 GPA and two internships….
Loading packages at UPS is really putting my degree to use!!!!!!! Thanks Barrack!!!!
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It’s a good thing that, you know, ups and uh, fed ex are, uh, doing , uh, so well. It’s the uh, the post office that’s always in trouble!
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RIT Grad?
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It’s not anyone’s fault that you can’t get a real job. Don’t go through life expecting handouts from anybody, whether it’s the government or your dad.
Lemme guess, you have a business degree? Or maybe marketing, communications, or perhaps journalism? That was a smart choice, maybe you should have chosen a degree that 1) actually uses your brain and 2) can’t be outsourced to India. I suggest the medical field.
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Coming from the 2nd most spent on state… This crap isn’t working. We’re not feeling any less pressure than before the 80 billion. It’s ridiculous that no matter how much the government spends, nothing gets better! Whether it’s the fact that taxes get higher, or that they’re using it on the wrong stuff.. (It’s really both combined) It’s sickening. And the worst part is that Poor Montana has to pay just as much in tax increase as everyone else.
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Thats because Keynes doesnt work. No bailouts. Tax cuts. Illegals thrown out. Require everyone to get proof of health insurance. End wars in mideast that dont benefit US. Stop being policeman to the world.
Obama. Keynes and socialism communism huge failures but appease the masses and illegals so raise taxes and govt spending. Bailout GM and screw bondholders while saving union – destroying faith in US corp bond market. Propose draconian taxes and unprecedented health care spending. Consider making 40 -90 million illegals citizens who will never be productive citizens workers or taxpayers. Continue useless wars in Afghanistan. Continue aid to failed states in Africa while China engages in realpolitik and slowly takes over the world.
PS Happy Ramamadan Barak
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Wow, I wonder how crazy this map would look if you scaled those ominous green circles according to the bailout-dollar per person ratio. Really, why would Wyoming, pop 532,668, need as much money as New York, pop 19,490,297? You don’t need to wait for anyone to explain it to you, right? On top of that, some states asked for less than others. And remember, it’s socialism; to each state according to their need, and higher-pop states need more than lower pop states.
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Ummm… hate to point this out since I completely agree with the sentiment here, but the map shows TARP bailouts, not “Stimulus” money dispersals. As TARP money went to banking and financial institutions it makes sense that the East coast got the lions share. To date, less than 4% of Stimulus funding has been actually dispersed with the bulk to be conveniently sent out in time for the 2010 elections.
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This is a pretty deceptive use of statistics, this map depicts TARP bailout funding. This map is pretty similar to housing market surveys showing the largest drop in price. This map doesn’t include any accountability for population density, aka Alaska got quite a bit more than California if you account for per capita spending in TARP.
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Does anybody realize that the TARP money was originally distributed by BUSH, and NOT OBAMA? For god’s sake pull your head out of your ass and give him a chance to screw up BEFORE you jump all over him. You gave bush 7 million chances to destroy the country….the only thing he accomplished within the states was no child left behind…..which was a miserable failure by the way.
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Do you realize that the powers of the president boil down to starting wars, granting pardons and strongly suggesting positions on the budget/federal laws.
It’s really the congress who would be doing the screwing over; Bush and Obama are just a pair of fall guys in this matter.
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John Metz wrote: Anyone notice how the states that got more money are the states that voted for Obama? Anyone? Anyone? Beuller?
Perhaps. But it also seems the states that got the money are also the states with large metropolitan population centers and skilled, educated workforces. You know, a couple of things that are sort of economically important. You put your resources where they’ll do the most good. What’s left goes to the states whose economies are driven primarily by the tips Donna earns over at the diner by the freeway and whatever falls off of the airliners flying overhead enroute to places that matter. I’m just sayin’…
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