Depending on your politics, the $800 billion stimulus was a rousing success or a crushing failure. Neither is accurate.
Like most things in the political world, the truth is somewhere in the middle. For a balanced look at what the Recovery Act has done for the economy, check out ProPublica’s “Eye on the Stimulus” series.
The latest report: “How the Stimulus Revived the Electric Car”
“Automakers have unveiled a number of mass-market electric cars, which have seen small but rising sales,” writes author Michael Grabell. “Battery and parts manufacturers are building 30 factories, creating thousands of new jobs…If it wasn’t for the stimulus, the companies say, they would have built these plants overseas.”
ProPublica is an independent, non-profit newsroom that won Pulitizer Prizes for its reporting in 2010 and 2011.
Among the interesting bits of news in the spring economic forecast released today by the University of Tennessee is this: Car shopping is hot.
Wow. Who would have thought car dealers would rescue the economy.
Taxable sales in Tennessee will see strong growth this year and auto “sales will be a major driver with fiscal year growth of 12.6 percent. On a calendar year basis, sales are expected to advance 4.8 percent in 2011. Automobile sales, along with purchases from manufacturers, will show the largest gains over 2010.,” says the spring 2011 Tennessee Business and Economic Outlook produced by the UT Center for Business and Economic Research.
Are you considering buying an electric car? If so, you may want to drop by the Ted Russell Nissan dealership in West Knoxville on Saturday for a free workshop to learn the latest about electric vehicles.
The workshop starts at 9 a.m. and is hosted by the Knoxville Electric Vehicle Association. The dealership is at 8565 Kingston Pike