Stimulus assessments overly optimistic

[Zoom-boing]

WASHINGTON – The Obama administration claimed this week that $100 billion invested in innovative technologies under the economic stimulus law is "transforming the American economy" by putting the nation on track for technological breakthroughs in health care, energy and transportation.

But an examination of details in the 50-page report unveiled Tuesday by Vice President Joe Biden reveals something a bit different: a collection of rosy projections that ignore many of the challenges, pitfalls and economic realities in all those areas.

A look at how the administration's claims compare to the facts:

FACT CHECK: Stimulus assessments overly optimistic - Yahoo! News

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[Conspiracist]

Comment on the genetic mapping

Definitely breakthrough science. This stuff always takes buttloads of money to start up. Unfortunately, at times it is only a government brave enough to cough it up. $3 billion is awfully high and probably spent irresponsibly but seems to have opened up gates for adept scientists to get in there and work. I cannot bash this entirely. The cost makes me choke but... WOW!

 

[blastoff]

Between the caps on his teeth and the implants on his head there's lots of empty space in Biden's bean.

 

[Claudette]

LOL You got that right.

Jeeze. Only in America would Biden be VP.

Can't believe that the Govt is fibbing about its progress. Yeah Right.

 

[Big Black Dog]

The only thing the Stimulus Package stimulated was the printing presses down at the Treasury Department.