Mar 1 2009

Stimulus as Pork

There’s been a corporate media trope lately that the stimulus bill, despite Barack Obama’s assurances, contained “pork.” CNN’s Lou Dobbs (2/12/09) even offered a detailed statistical breakdown: Tonight we have our own preliminary analysis of just how much of this bill is pork and how much is stimulus…. Of the $800 billion piece of legislation, about $330 billion is spending. You can interpret that as stimulative or not. There is $270 billion of tax cuts and credits. And then there’s about $200 billion of the legislation that is potentially pork projects; that could potentially increase. The number could easily increase […]