Evaluating the Results of the Stimulus Fund

After suffering significant losses mostly economically from the recent economic recession, Pres. Obama ordered the passing of the economic stimulus bill which provides funds to various financial institutions and also to fund the basic social services of the government. The bill was aimed to create more jobs and to promote rapid consumer spending as a way to stimulate economic growth and get the country out of the recession. Of the over $800 billion stimulus fund, $100 billion was spent for the development of innovative technologies which the government treats as equally important in generating more jobs and improving healthcare, transportation and energy efficiency.

But despite of the level of positivity that the present administration has declared unto this stimulus funding, there are drawbacks and flaws that went unnoticed. Take for example the claims of the government that the stimulus funding doubled the U.S. renewable energy generation capacity and renewable manufacturing capacity by 2012. The truth is the fact that it has doubled isn’t meaningful at all as we are still uncertain of its results in years to come. It is still difficult to predict and project if the growth will continue in years to come.

With regards to health and information technology, the government also claimed that the stimulus law provided a significant boost in creating electronic health records, computerizing medicine prescriptions and conducting remote treatments to patients who live in hard to reach locations. Much of the computerization of health documents and health records are still in its early stages. It is still prone to errors and glitches which will surface in years to come. Also, much of the funds haven’t still utilized while there is still no system qualified and certified enough to satisfy the needed capabilities of the health department.

There are also assumptions that the $8 billion allocated to the creation of a high-speed rail will yield favorable results in the field of transportation. In reality, not all projects will be reaching the required speed of trains as some would prefer upgrading the existing freight rail tracks with speeds up to 110 mph. The speed is considered way short compared to the standards of other countries. There is also the challenge to the meet the 2017 deadline in spending all the funds brought by the recovery act. While the U.S. is capable of manufacturing passenger rail cars, it will take years to design and test newer models of rail cars which can satisfy the high safety standards of the U.S. society.

While the stimulus act is proven to be of great help for the recovery of the U.S. economy, there are still instances where results are irrelevant in measuring success as it is still too early to tell. The government should conduct an extensive review unto these programs in order to ensure that the funds used in these programs are reaping better and favorable results. It is also equally important to provide transparency in where and how will these funds be used.