6.16.2010

The Failed Recovery, New Mexico and Beyond

I recently completed an analysis of the American Recovery and Reinvestment Act of 2009 that's posted on the Los Alamos Study Group's web site.

The focus is on New Mexico, but the findings are of national importance. Before we get to the nitty gritty of New Mexico's ARRA spending take a look at the following, drawn from Recovery.org. Of the ten largest ARRA contracts in the U.S., 9 are for cleaning up nuclear weapons waste:

Largest Awards in U.S.

Recipient State Amount Awarded
1. CH2M HILL PLATEAU REMEDIATION COMPANY WA $663,047,229
2. SAVANNAH RIVER NUCLEAR SOLUTIONS, LLC SC $534,942,264
3. SAVANNAH RIVER NUCLEAR SOLUTIONS, LLC SC $454,353,256
4. WASHINGTON RIVER PROTECTION SOLUTIONS LLC WA $322,255,000
5. GTP INCORPORATION MD $309,587,600
6. SAVANNAH RIVER NUCLEAR SOLUTIONS, LLC SC $287,060,682
7. CH2M HILL PLATEAU REMEDIATION COMPANY WA $228,520,000
8. CH2M WG IDAHO LLC ID $217,875,000
9. CH2M HILL PLATEAU REMEDIATION COMPANY WA $202,503,000
10. SAVANNAH RIVER REMEDIATION LLC SC $198,650,436

Updated 6/16/2010
Now your first reaction might be to applaud this, but I encourage you to read the full press release and brief I've written which explains why this isn't the best way to spend billions of dollars and stimulate the economy while protecting the poor. And keep in mind, the government might be cleaning up some nuke waste, but its weapons labs and nuclear facilities continue to generate far greater amounts of it.

Okay, back to NM. Among other things I examine the largest contracts and grants made under the ARRA in New Mexico. What did I find?

A full quarter of these have been consumed by nuclear weapons and military contractors so far. Four of the top-ten contract recipients are nuclear weapons laboratory contractors. Thirty-six nuclear and military contractor recipients have consumed more than $504 million of New Mexico's ARRA allocation. Compared to practically every other federal agency, nuclear and military spending of ARRA funds has proven so far to be a poor generator of jobs. There are huge equity issues because this spending does not employ the tens of thousands of New Mexicans who have been harmed the most by the economic downturn.

There's so much more to be said, so please read ahead.

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