Archive for October 18th, 2009

PRESS RELEASE – Congressional Candidate Jake Towne: Stimulus Plan Ineffective in the Lehigh Valley

October 18th, 2009 2:51 pm  |  by  |  Published in Bailouts, congress, Economics, Election, Environment, Liberty, Politics  |  0

Originally published Sunday, October 18, 2009 at http://towneforcongress.com/economy/press-release-congressional-candidate-jake-towne-stimulus-plan-ineffective-in-the-lehigh-valley

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.

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