Posts Tagged ‘stimulus money’

The Verdict: The Stimulus Has Created Jobs

Tuesday, February 23rd, 2010

stimulus-moneyFollowing a controversial AP study finding that stimulus spending on roads and bridges has had virtually no effect on local unemployment levels, the general consensus is that the $862 billion stimulus as a whole, including the $35.6 billion committed by the DOT, has indeed created jobs — though precisely how many is still being debated (the generally accepted numbers are around 1.6 million jobs so far, with around 2.5 million in the long run).

The key in analyzing the numbers, ARRA advocates say, is focusing not on just how many jobs the stimulus created, but on how much worse things would have been had it never existed. On his blog, Ray LaHood offers a sum-up of mainstream media reports acknowledging the the ARRA’s importance, not in eliminating the constant climb in unemployment, but rather in keeping unemployment rates from surging even higher. Examples include the Boston Globe, which wrote this weekend:

The numbers are in, and there can no longer be any doubt that President Obama’s stimulus bill helped pull America from the brink of economic catastrophe, in part by creating millions of jobs that would not otherwise have existed. All of the major economic research firms that have studied the stimulus’ effect have come to this conclusion….

[I]t’s ridiculous to deny, as many have, that adding 2.5 million jobs was a poor use of government funds… Stimulus opponents, often motivated by strictly ideological or political concerns, have repeatedly claimed that the bill didn’t create a single job that the economy wouldn’t have created anyway. This isn’t true, and it should be beyond the bounds of political debate to claim it.

Meanwhile, the Baltimore Sun noted:

To conclude the stimulus has done no good is to forget how bad things were, to underestimate how much they have turned around and to ignore how much more the program still has to offer.

And finally, even Gov. Schwarzenegger is hailing the stimulus as a job-creator and chiding those who criticize it, telling ABC News:

I find it interesting that you have a lot of the Republicans running around and pushing back on stimulus money and saying this doesn’t create any new jobs, and then they go out and do photo-ops and they’re posing with the big check and they say, “Isn’t this great! Look the kind of money I provide here for the state! And this is great money to create jobs, and this has created 10,000 new jobs, and this has created 20,000 new jobs.” It doesn’t match up.

The Evening Dig: Three Tesla Executives Killed in Plane Crash

Wednesday, February 17th, 2010

O Tejo from Abilio Vieira on Vimeo.

• Who says bike lanes aren’t a good space for innovation? Rather than the typical arrows, this lane in Lisboa displays a poem by renowned Portuguese writer Fernando Pessoa. (Via HuffPo)

• A small plane crashed into a residential neighborhood in Palo Alto today, killing three executives at Tesla, the innovative electric car-maker. Tesla CEO Elon Musk was not on board. (Jalopnik)

• On the one-year-anniversary of the stimulus bill, the Wall Street Journal assesses the coming shift to infrastructure spending, and what it will mean for the economy, and job creation. (WSJ)

• What are journalists saying about Obama’s recent shot in the arm for nuclear energy? The Atlantic does a sum-up. (ATL)

• The DOT and FAA have proposed fining American Eagle $2.9 million for operating more than 1,000 flights using planes that had shoddy repairs on landing gear doors. (SeattlePI)

And the High Speed Rail Cash Goes To…

Thursday, January 28th, 2010

hsr-gov-funds

The announcement has been made, the results are in, and the biggest winner is…California, which will receive $2.25 billion to build a line from Los Angeles to San Francisco with trains running up to 220 miles per hour. The Chicago-St. Louis route will get $1.1 billion, while Minneapolis-Milwaukee-Chicago will receive just over $800 million for a variety of functions including refurbishing existing stations and track improvements. Sure enough, the Tampa-Orlando-Miami camp is getting a big chunk, with $1.25 billion, while New York-Albany-Buffalo is a surprising loser with just $148 million for improvements to existing routes and new track construction. Another $112 million will go towards improvements on the existing Northeast Corridor. For a full list, click here.

Ray LaHood has written a blog post hailing the funding, and the plans for high speed rail, a “historic…game changer for American transportation.” Meanwhile, Curt Pringle, Chairman of the California High-Speed Rail Authority, released the following statement:

This award is fantastic news for California and for our state’s high-speed rail project. It is an award that will lead to the creation of tens of thousands of quality jobs in the near-term and to continued economic strength and enhance our transportation network in the long term.

This award will go toward specific projects, but it will benefit every single section of our planned high-speed rail system by moving this entire vision closer to reality – closer to being the first true high-speed rail system in the United States.

California’s success in winning a significant portion of this federal funding, for which there was tremendous competition, is a tribute to our partnerships with our Legislature, with local governments, and to the hard work and leadership of Governor Schwarzenegger and California’s senators and congressional delegation. A California high-speed rail system truly gives each of us the opportunity to change the future of California for our children and grandchildren.

Image courtesy of DOT

CLICK THROUGH FOR A LARGER MAP

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High Speed Rail Funds to Be Announced Tomorrow — So Who’s Getting the Cash?

Wednesday, January 27th, 2010

us-map-hsr
It’s a busy week for President Obama — just one day after his State of the Union address, he and the vice president will high-tail it to a town hall meeting in Tampa to announce federal grants for high speed rail projects in 13 major corridors. The total pot is $8 billion, put aside specifically for high-speed trains and other passenger rail projects as part of the $787 billion stimulus bill. Besides the lucky 13 receiving grants, a White House official said several smaller awards will be made for improvements to existing rail lines. In total, 31 states will receive funds.

Unfortunately, it’ll cost a lot more than a few billion to complete any high speed rail project, let alone multiple ones across the country. And so states have been scrambling to nab as much of that precious federal money as possible — the Federal Railroad Administration said it received a total of 45 applications requesting $50 billion in aid. The trick has been prioritizing which states/regions deserve funding, and how much.

So who are the biggest contenders to walk out with big grants tomorrow? Here’s a quick list, ranked by likelihood of their nabbing funding:

1) FLORIDA

The location of the president’s speech can only be read as a surefire tip-off: The Tampa-Orlando-Miami line will get a federal check in the mail. You may recall that Ray Lahood even stepped in to give the state’s fund-winning effort a jolt in October, when he made a speech castigating state lawmakers for failing to secure money for a proposed Orlando-area link and an existing South Florida commuter rail system that was short of cash when the state’s 2010 budget passed.

2) CALIFORNIA

The state’s impressive proposal for an 800-mile-long rail line from Sacramento to San Diego will need money. Lots of money. Far more than $8 billion. The government will give it something — but whether the cash-strapped Golden State can get it together to complete the job is another matter entirely. Still, the public support for the project so far has certainly been encouraging.

3) ILLINOIS

There’s been plenty of anticipation and planning for the proposed Chicago-Milwaukee-St. Louis route, and the Midwest High Speed Rail Association has been hard at work submitting a thorough plan. And Joseph Szabo, Obama’s railroad czar, dropped a heavy hint the other day, praising the region’s “comprehensive plan for high-speed passenger rail service” during a conference in Chicago.

4) NEW YORK

It has the passengers, and it has the demand. The Northeast Corridor (which includes Boston and D.C.) is crying out for a HSR line. There’s the rest of New York, including Albany and other cities in the western and norther part of the state, which have been isolated for years — and some of them have been suffering through delayed service for decades. In some areas, New York State has been quietly begging for rail improvements for years — in part because it would facilitate New York City commutes, and let businesses move to cheaper parts of the state.

Most Likely to Get the Federal Shaft: TEXAS

Sorry, Lone Star State — the chances are good you’ll walk away without a cent. At a speech in Austin earlier this month, a top federal rail administrator charged with managing the distribution of the new grants said your application lacks “a central vision,” and  the kind of political support from the governor and the Legislature that would help it compete against other states gunning for HSR cash.

The Morning Dig: A Billion for Some Infrastructure Edition

Tuesday, January 26th, 2010

800px-papemergencyops• Haiti is asking for $3 billion from the international community; $1 billion will go to the port, the airfield, the grid, roads, and the water system. Wind power is a viable option, but is too unreliable to power the country’s reconstruction. (NYTimes / CBS / Winnipeg Free Press)

• $36 billion in stimulus funds for roads and transit have created a quarter million jobs, but more than 40% of transportation construction companies anticipate layoffs this year. Municipalities are deferring capital spending projects that drive the industry. (CNN Money)

• Infrastructure projects are “notoriously illiquid, making them less appealing to investors during a liquidity crunch.” This partially explains why infrastructure funds were down 57% in 2009 from the previous year. (Reuters)

• The federal DoT is still honing legislation that would control how truckers and bus drivers use computers while driving, but it’s given texting the ax on interstate commercial routes. (Bits Blog)

• An editorial says voters in LA need to pay up if they want better transit, and that spineless politicians are enabling the cycle of tapping reserves in deficits without addressing the “structural” problems like low fares and transit subsidies. (LATimes)

• Will President Obama tell Floridians on Thursday that they’ll be the recipients of high-speed rail funds? Tampa’s mayor is sure feeling good about it. (WUSF)

• And a pro-Nazi group in Colorado adopted a highway as a “good PR move” and a “recruiting tool.”   (KDVR via Jalopnik)

Image of relief operations at Toussaint Louverture International Airport via Navy.mil.

The Morning Dig: High-Speed Turmoil Edition

Friday, December 4th, 2009

586px-cahsr_mapsvg-copy1• California’s high-speed rail plans are in a legal tangle again, now that the Rail Authority has rescinded its approval of the Environmental Impact Report for the SF-LA line. A blogger parses out the myriad details of what this means going forward. (SFGate)

• A concern in Florida is that without an improved commuter rail system, the state’s request for federal high-speed rail money won’t be taken seriously. But Republican Governor Crist is feeling resistance from state senators in his own party. (Creative Loafing)

• Despite a lot of talk in the last few days about federal dollars for infrastructure projects, President Obama remains skeptical. “Let’s be honest,” he said of the term “shovel-ready,” “it doesn’t always live up to its billing.” (WaPo)

• Obama signalled that he’d prefer to see large-scale weatherization and energy-efficiency programs implemented. Resources are limited, so whatever creates jobs the fastest will receive funds. (Bloomberg)

• Bummer: San Francisco’s plan to install 200 stations hosting 2,700 bikes for a city-wide bike-share program is on the rocks, as Clear Channel Outdoor announced it wouldn’t be able to operate it due to budgetary concerns. (SFGate)

• Uh-oh. A study says wind turbines actually don’t affect property values, which means that those opposed to wind farms will have to ground their cases in sound and sightline complaints. (GreenInc)

The Morning Dig: What Was High-Speed Rail Missing? Lobbyists!

Monday, November 30th, 2009

Lobbyists• Bring on the lobbyists! The fight is on to distribute that precious $8 billion in HSR stimulus money. (Politico)

• A glimmer of good news for a Monday morning? Panama Canal Authority chief executive Alberto Alemán Zubieta predicts the economic downturn won’t alter long term growth in trade and shipping traffic projections. (LloydsList)

• Less upbeat: The Mayor of Detroit discusses the Herculean feats that will be required in putting the city back together. (Freep.com)

• To sit comfortably, or not to sit at all: In the face of a difficult choice — more comfortable seats, or more of them — the Maryland Transit Administration went with the latter on its MARC trains: Jam in more seats, even if they’re less pleasant to sit on. (Baltimore Sun)

• Is the ethanol industry in serious, serious trouble? (The Oil Drum)