Republican Sens. John released a report today profiling 100 stimulus projeMcCain (Ariz.) and Tom Coburn (Okla.) cts they say represent the failings of the stimulus package.
The American Recovery and Reinvestment Act "passed with assurances that it would stem the loss of American jobs and keep the economy from floundering," reads the introduction of the report, Summer Time Blues: 100 Stimulus Projects that Give Taxpayers the Blues during the Summer of Recovery." "As most can see, it hasn't."
The projects spotlighted represent just a tiny percentage of the more than 70,000 stimulus projects underway. Coburn said at a press conference, however, that the point of the report is to show that the stimulus is not getting Americans the "best bang for our buck." The program, he said, has raised the national debt while funding inappropriate projects.
"There is no question that this stimulus bill has had a positive effect on the economy to a certain degree, and what our criticism is, it could have had far greater effect," Coburn said.
The report highlights projects funded by the stimulus such as a water park in New York, research into whether yoga can reduce hot flashes, and a sidewalk in Boynton, Oklahoma that leads into a ditch.