Survival of the Richest: Obama’s Corporate Stimulus Package
Paul and Phillip Collins | 2009-06-24 - Just how many other states have used stimulus dollars to curry favor with corporations? If this is the case, corporate interests stand to become the chief beneficiaries of the federal stimulus program. If stimulus money is being used by states to court corporations, then taxpayer dollars are being used to subsidize the relocation of already existing jobs. Such a state of affairs hardly fosters economic growth. Infrastructure is not being built, just displaced. Meanwhile, the fiscal stimulus, which is constituted by taxpayer dollars, only stimulates Big Business. In this sense, the Obama Administration’s economic recovery plan could actually be nothing more than the conduit for an enormous wealth transferral to corporate interests. Simultaneously, the economic recovery plan could be fostering a social Darwinian climate where states must use stimulus funds as weapons in a struggle for economic survival.
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