Graph from Fox News.
President Obama promised the stimulus bill "includes help for those hardest hit by our economic crisis," when he signed the bill into law. The actual results don't support that statement. Higher income states are receiving a larger share.
Fox News reported:
The stimulus bill "includes help for those hardest hit by our economic crisis," President Obama promised when he signed the bill into law on Feb. 17. "As a whole, this plan will help poor and working Americans."
But FOXNews.com has analyzed data tracking how the stimulus money is being given out across the 50 states and the District of Columbia, and it has found a perverse pattern: the states hardest hit by the recession received the least money. States with higher bankruptcy, foreclosure and unemployment rates got less money. And higher income states received more.
States with higher bankruptcy rates got a lot less, not more, money -- roughly $86 less per person for each percentage point increase in the state's bankruptcy rate. States with higher foreclosure rates were treated very similarly, losing $82 per person for each one percentage point more of the people suffering foreclosures.