Friday, May 29, 2009

Stimulus Overhype?

The Obama administration on Wednesday issued a booklet heralding the accomplishments of the $787 billion stimulus act 100 days after it was signed into law. Without question the book lists many projects that are having an impact of one way or another on the economy.

But the first one of the projects featured in "100 Days, 100 Projects" doesn't seem to withstand the scrutiny of its description. The project is described by the Obama administration this way:

"Using $27 million of Recovery Act funding, a public housing development in Washington, D.C., the Regency House, has undergone a green retrofit. As part of this upgrade, the building installed solar panels, a 'green' roof, a rainwater collection system, energy-efficient lighting as well as water conserving toilets, showerheads, and faucets. The greening of this building will allow the Regency House to save money in energy costs, while lessening their impact on the environment."

In reality, the work done on the Regency House that was funded by the stimulus package amounted to $59,000 in parts and labor, according to Dena Michaelson, director of public affairs for the Washington DC Housing Authority... [snip]

The response of the White House to questions about the claim in the book evoked a critique of journalists...

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