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April 17, 2009

Why isn't there more stimulus money for the arts?

Everybody wants a bailout. The University of Southern California says:

Why has the Obama administration given so much to the money-losing financial and auto industries, and so little to the profitable business of creating art? Elizabeth Currid of the USC School of Policy, Planning, and Development breaks down the stimulus plan’s $50 million allotment to the NEA.

USC professor Currid says:

Maybe it’s just the skeptic in me, but I don’t think anyone on Capitol Hill deserves a pat on the back for throwing artists a few free paintbrushes. The amount reserved for the arts is less than .00000000005 percent of the total package. I don’t mean to be ungrateful, especially after Robert Redford himself had to place a call to Speaker of the House Nancy Pelosi to get her to fight for the funding, but let’s consider some past contributions to and from the art world.

Another special interest trying to climb into the tub of butter that is the stimulus. This is not something that should keep you up at night. Arts and culture are great, but they are products of prosperity and economic growth; they do not create them. Let's first worry about restoring aggregate demand and function to the financial system.

UPDATE: Commenter Harry says:

Less than .00000000005 percent?

I'm not an art professor, or anything, but by my math, the number is more like .006 %.

I think she took artistic license. How creative!

Posted by Jay Hancock at 10:00 AM | | Comments (3)
Categories: The Great Recession
        

Comments

Jay,

Please don't give our President any more ideas. We're already in over our heads after these last two stimulus packages - we don't need any more!

It is very simple, the banking and auto industries who tried to single handedly destroy the U.S. economy have many members in the OLD BOY NETWORK! Unfortunatley for the Arts, many of it's members are not in the exclusive OLD BOYS CLUB. Just ask Martha Stewart what it is like to not be part of the OLD BOYS NETWORK!

Less than .00000000005 percent?

I'm not an art professor, or anything, but by my math, the number is more like .006 %.

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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