
So at the one year anniversary of the Obama Stimulus Package...he claims that the $862 billion package is an unequivocal success. I beg to differ. I tried to refinance my house which has two mortgages on it, both with Citimortgage. Citi Bank got a $35 billion chunk of help from Uncle Sugar. When I asked the guy where that money was since they weren't giving any out in loans...he patiently told me that he would give me a lesson that they normally do not talk about. Though the bank had gotten $35 billion from the government, they had lost over $43 billion in California alone...guess where that help went to. He also walked through my request with me. With the new rules bestowed on the banks by the Feds, combining my two mortgages would have been detrimental to my financial situation. Not only would my two mortgages when combined into one (usually that creates one lower payment) not create much lowering in my payment, the mortgage insurance I would now be FORCED to have...would make my payment much higher than my two payments were currently. Yep...that stimulus helped me a bunch!!!
Check out the real beneficiaries of the Stimulus:
- $300,000 for a GPS-equipped helicopter to hunt for radioactive rabbit droppings at the Hanford nuclear reservation in Washington state.
- $30 million for a spring training baseball complex for the Arizona Diamondbacks and Colorado Rockies.
- $11 million for Microsoft to build a bridge connecting its two headquarter campuses in Redmond, Wash., which are separated by a highway.
- $430,000 to repair a bridge in Iowa County, Wis., that carries 10 or fewer cars per day.
- $800,000 for the John Murtha Airport in Johnstown, Pa., serving about 20 passengers per day, to build a backup runway.
- $219,000 for Syracuse University to study the sex lives of freshmen women.
- $2.3 million for the U.S. Forest Service to rear large numbers of arthropods, including the Asian longhorned beetle, the nun moth and the woolly adelgid.
- $3.4 million for a 13-foot tunnel for turtles and other wildlife attempting to cross U.S. 27 in Lake Jackson, Fla.
- $1.15 million to install a guardrail for a persistently dry lake bed in Guymon, Okla.
- $9.38 million to renovate a century-old train depot in Lancaster County, Pa., that has not been used for three decades.
- $2.5 million in stimulus checks sent to the deceased.
- $6 million for a snow-making facility in Duluth, Minn.
- $173,834 to weatherize eight pickup trucks in Madison County, Ill.
- $20,000 for a fish sperm freezer at the Gavins Point National Fish Hatchery in South Dakota.
So...how is that stimulus package working out for ya?