The District of Columbia has received more than $885 million in stimulus money since President Barack Obama took office. And while selling Obama tee shirts has kept street vendors in business, the Washington Times reports that DC has nothing else to show for it:
Most of the money has been spent, and data suggest that overall regional job growth did occur as a result of the massive infusion of capital. But a review by The Washington Times of figures provided by D.C. officials shows that the city spent hundreds of millions of dollars without being able to demonstrate any significant improvement in the city’s jobs outlook.
If anything, the employment picture has worsened in the District. At the end of 2011, according to the U.S. Bureau of Labor Statistics, the city’s unemployment rate was 10.4 percent, ahead of only three states: Nevada (12.6 percent), California (11.1 percent) and Rhode Island (10.8 percent). ...
In the District, according to the Bureau of Labor Statistics, the unemployment rate has increased by 8 percent since 2009, as the D.C. government was receiving historic levels of federal stimulus funding via contracts, grants, loans, tax benefits and entitlements.