Topic: Economic Policy
PRESS RELEASE - Congressional Candidate Jake Towne: Stimulus Plan Ineffective in the Lehigh Valley Jake Towne, running as an unaffiliated private citizen for US Congress in 2010, demonstrates in a lecture at Moravian College that the stimulus plan is a failure and central economic planning never works.by Jake Towne, the Champion of the Constitution
(libertarian)
Sunday, October 18, 2009
BETHLEHEM, PA – US Congressional Candidate Jake Towne related Thursday to a group of Moravian College students that the government's stimulus plan simply isn't working in the Lehigh Valley. He also covered the basic economic reasons behind the failure and a better alternative.
While economic planners predict the end of downturn in Q4 2010 and the creation of 3.675 million jobs, Recovery.gov demonstrates that only 0.030 million jobs have been "created/saved" since the plan began in Q1 2009. Only 495.2 jobs are reported as "created/saved" in all of Pennsylvania. including zero Lehigh Valley jobs and $0 spent. Out of the $2.05 billion allotted to Pennsylvania, only 0.15% has been allotted to the Lehigh Valley, or $3.2 million.
To date, Recovery.gov reports zero Lehigh Valley jobs "created/saved" and $0 spent. The allotted funds for the $3.2 million are:
$154,817 allotted to Advanced Environmental Solutions for soil and groundwater contamination testing
$1,129,049 to the City of Allentown for Homelessness Prevention and Rapid Re-Housing
$737,917 allotted to the City of Allentown for Community Development Block Grant
$687,480 to the City of Bethlehem for Homelessness Prevention and Rapid Re-Housing
$449,326 to the City of Bethlehem for Community Development Block Grant. Funds allocated to provide lighting on 4th Street and a 12-foot pedestrian and bicycle path on a former railroad line.
Another way to look at the statistics is that the total cost of the stimulus plan – at $1.1 trillion divided by the American population comes to spending roughly $3,500 dollars per person. The amount allocated in the Lehigh Valley to-date comes to less than $5 per person.
Towne also related that there may be political reasons for not spending the money in the area, such as the time necessary to form the new bureaucracies to control the funds, the usual inefficiency and red tape, concentration of funds near Washington, and also to influence the future re-election cycle of the President and his party. However, he stressed that the problems of excessive spending will simply NOT be cured by more spending.
Raised in Nazareth, Jake Towne is running an independent private citizen against Mayor John Callahan of Bethlehem and the multiple-term incumbent, Representative Charles Dent of Allentown. His novel yet simple idea for a system of open, accountable, transparent government called 'Our Open Office' can be found at TowneForCongress.com, as well as the text of the lecture. Towne is extremely concerned about the integrity and future of the dollar, the absence of the Constitution's rule by law in society, the loss of civil liberties, and reckless warfare and welfare state spending. Details can be found on his website as to his solutions.
Towne for Congress is endorsed by Retake Congress and 9/12 Candidates, and Towne will appear on the FOX show 'Freedom Watch' with Judge Napolitano later this month. The campaign, in cooperation with five other liberty candidates running for United States Congress, issued its first online ad campaign last week and is listed at www.ThisNovember5th.com for a fundraising event that is billed as the largest single day multi-candidate fundraising event in history. Towne will be a keynote speaker at the Constitution rEVOLution Tea Party in Philadelphia on November 22 which is being held simultaneously at major cities nationwide.
We the Peopleof the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
As always, unlike the NFL, the author grants full permission to allow any accounts of, rebroadcasts, retransmissions, repostings of this article to your blog or anywhere else in order to promote the Restoration of our Republic.
Veritas numquam perit. Veritas odit moras. Veritas vincit. Truth never perishes. Truth hates delay. Truth conquers.
Tu ne cede malis sed contra audentior ito. Do not give in to evil but proceed ever more boldly against it.
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I learned so much from this lecture! The idea of job creation vs. production is something I've never really thought of before. I'm so glad Jake brought it out in his speech. It makes you really think.
If it takes the private sector(normal business and production) to provide for and maintain the public sector(government jobs) , what happens when the public sector gets bigger than the private sector? The private sector collapses because it can't take care of itself plus the useless bureaucracy that's bigger than it.
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Another way to look at the statistics is that the total cost of the stimulus plan – at $1.1 trillion divided by the American population comes to spending roughly $3,500 dollars per person. The amount allocated in the Lehigh Valley to-date comes to less than $5 per person.