$3 Million / Baltimore Job Through The Stimulus Program -- May 4, 2015

Reuters is reporting:

New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.

Note: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.

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Remember Baltimore?

The teachers are very, very well paid in Baltimore and most of it comes from the Federal government. 

21% of jobs in Baltimore: government. 

A "white Republican" problem?

Fox News is reporting that Baltimore received a "massive" amount of stimulus money:

The city of Baltimore received over $1.8 billion from President Obama's stimulus law, including $467.1 million to invest in education and $26.5 million for crime prevention.

One of Baltimore's central ZIP codes, 21201, received the most stimulus funding in the city, a total of $837,955,866. The amount included funding for 276 awards, and the [government's own] website reports that the spending had created 290 jobs in the fourth quarter in 2013.

For the record, $900 million / 290 jobs works out to ... $3 million / job. I assume most of the jobs were high-paying jobs, like, oh, neurosurgery, nuclear engineering, and US postal carry.

By the way, we now have a name for this new movement: Black Spring. Just as Arab Spring began in Cairo (and ended very badly), Black Spring began in Baltimore, April, 2015 (and will end just as badly). Do not confuse the Baltimore Black Spring with the Cuban Black Spring (2003). In 2003, the Cuban military stomped on Cuban dissidents. In 2015, the Baltimore law enforcement were told to stand down so that the dissidents could destroy 250 businesses, and at last count, almost 150 stolen late-model SUVs.

By the way, don't confuse this with Henry Miller's second novel, Black Spring, published by Obelisk Press in Paris. A history of the Obelisk Press is in my Amazon.com shopping care; it has been there for quite some time -- back when I was in my Anais Nin phase. Can't decide if I want to buy it; maybe the starts have aligned and time to buy.

It's a hard book to buy: the hardcover is $39 and ships in "one to three months." The Apple Watch will ship faster than that.