Economy Shrinks Less: Credit to Stimulus?

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The Commerce Department reports the economy shrank less than expected in the first quarter of 2009.

The White House gives much of the credit for that to its $787 billion stimulus plan.
But a closer examination shows, that might not be entirely accurate.

Project number one on a White House Stimulus Report was a 'green improvements' project to a public housing complex in Washington, D.C
The White House report said the complex received $27 million for energy saving upgrades.
But, it turns out the stimulus plan actually only paid out a fraction of that amount.

"The only thing that has been paid for thus far is $44,000 for the roof solar panels," Robert Gibbs White House Press Secretary said. "The mistake in that one took a series of different projects in a cut-and-paste into one."

Many projects in the White House report are ones that have been approved but that no money has yet been spent on.
In fact, so far only $36 billion has been spent which is less than five percent of the total stimulus dollars.

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