Does this mean we need a bailout for the stimulus??
From St. Paul Ledger (MN):
Stimulus bill’s had ‘negligible’ effect on construction industry
A new report claims that the American Recovery and Reinvestment Act of 2009 — which promised to pump $131 billion into the American construction industry — has done little to help an industry that is “hemorrhaging jobs.”
“So far, the ARRA has sent money to all corners of the construction industry, from residential building construction to highway projects to water and sewer line maintenance,” writes the report’s author, Chris Thormanof Software Advice (a company that offers free advice on selecting the right software for different industries).
Thorman, who writes a blog about construction estimating software, used information from Recovery.gov’s quarterly report on stimulus funds to write the report, which compares the number of jobs lost in the construction industry to the number of stimulus construction jobs created.
