Local Impacts From The Stimulus Package

President Obama signed a massive 787 billion dollar stimulus package into law this week with hopes of reviving the nation's economy.

We've heard lots of numbers about this stimulus package and what it can do for the U.S. but we're looking into what the money means for folks right here in our region.

We've seen businesses close and jobs lost, but now Kentucky is getting a piece of the stimulus pie that is expected to put nearly 50-thousand people to work.

Governor Beshear's chief of staff says eastern Kentucky plays a big role in filling those positions.

“For this country to recover, we have to recover here in Kentucky and we can't have the kind of recovery we need in Kentucky without seeing economic prosperity in the mountains,” Adam Edelen said.

Hundreds of millions of dollars are going to education to make that stronger workforce.

“If we are putting money into education, we’ll be preparing our students, giving our students what they need to succeed, it's really going to make a difference in the economy of this area,” Perry County Assistant Superintendent Abbie Combs said

Although it is federal dollars we're talking about Governor Beshear will have a lot of discretion when deciding how to allocate the money.

“Certainly this governor is a strong supporter of eastern Kentucky and I think you'll see the governor's investments in the east that reflect the governor's commitment,” Edelen said.

All the numbers are not set in stone just yet, but nearly half a billion dollars are expected to go into our roadways.

Edelen says while the economic stimulus will help our local economy, he warns that it is not a cure all and it will take time for us to get back to our feet.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Zatoichi Location: Richmond on Feb 22, 2009 at 08:16 AM
    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery...brought to you by The Obama. Misery loves company and The Obama is gonna make sure we have a lot of it.
  • by j j Location: ky on Feb 22, 2009 at 03:35 AM
    to steve,what intelligence?all i see here is a crying republican.look at the last 8 years.
  • by Zatoichi Location: Richmond on Feb 20, 2009 at 03:57 PM
    There is no economic recovery happening, folks, and there isn't going to be one for a while, but we're going to have 'greater decency' and 'greater fairness.' You know how liberals define that. They're going to spread misery equally, and we're going to call that fairness.
  • by Citizen on Feb 20, 2009 at 06:14 AM
    Woohooo! Look, we got a piece of the pie, Thanks Obama..
  • by Wilson on Feb 20, 2009 at 04:11 AM
    Lets all remember Kentucky is also filled with hypocrits, remember you voted for McCain.
  • by steve on Feb 19, 2009 at 05:25 PM
    looks like all the money goes to the big union road projects that's kept Kentucky broke for years on worthless road waste and helping Eastern KY what a joke you liberals insult my intelligence you socialist thugs have held east Kentucky down for 100 years you think we believe you now pathetic. Things will change soon i don't see a thing that will help the working man in this garbage bill but i can tell you this liberals you are going to see a bunch of people heading to Washington with pitchforks on these socialist jerks wasting our money things are going to change i assure you.
  • by Kentucky College Student Location: Eastern Kentucky on Feb 19, 2009 at 03:05 PM
    Putting this money toward education is a good thing to do but it doesn't begin to help our economic problem. There are plenty of students in Kentucky who are well educated who also have to leave to find work because there are no jobs available here. I would love to raise my children in these mountains that I call home but I will go where the money's at cause you can't raise kids without the income.
  • by tim Location: pikeville on Feb 19, 2009 at 02:35 PM
    I can see a raise in the future for the gov. and all those bums in frankfort?

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