Thursday, January 7, 2010
What We Learned From The Stimulus
And how to use what we learned to speed job creation in the 2010 jobs bill
The latest data on stimulus spending show that funds spent on public transportation were a more effective job creator than stimulus funds spent on highways. In the 10 months since the American Recovery and Reinvestment Act (ARRA) was signed, investing in public transportation produced twice as many jobs per dollar as investing in roads:
* Every billion dollars spent on public transportation produced 16,419 job-months.
* Every billion dollars spent on projects funded under highway infrastructure programs produced 8,781 job-months.