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Posted by: mesodude 6 months, 1 week ago
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mesodude6 months, 1 week ago
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Fox Nation headline claims "Stimulus Not Working," but link says "funds are not enough"
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May 12, 2009
On May 12, FoxNation.com featured the headline "States Say Stimulus Not Working." But contrary to the headline's suggestion that states are claiming that the American Recovery and Reinvestment Act of 2009 is not providing effective economic stimulus, the May 12 Washington Post article to which the headline linked reported: "Eleven weeks after Congress settled on a stimulus package that provided $135 billion to limit layoffs in state governments, many states are finding that the funds are not enough and are moving to lay off thousands of public employees" [emphasis added].
The Post further reported that "[a]s the stimulus plan was being drawn up, there was agreement among the White House, congressional Democrats and many economists that a key goal was to keep states from making big layoffs at a time when 700,000 Americans were losing their jobs every month," and that the House-passed version of the bill included "$79 billion in 'stabilization' money to plug gaps in states' budgets," while "in the Senate, the stabilization funding was cut by $40 billion to secure the support of the three Republicans who were needed for a filibuster-proof 60 votes."
http://mediamatters.org/research/200905120039
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