FOUNDATION FOR ECONOMIC EDUCATION – Another day, another crazy possible example of our tax dollars being misused.
A Florida woman allegedly used money from a federal stimulus loan to hire a hitman to murder a law enforcement enforcer, according to court documents and reporting from the Miami Herald.
“The accused mastermind of the plot, Jasmine Martinez, received a $15,000 [Paycheck Protection Program] loan—which she claimed was to keep her single-employee beauty salon afloat—last April,” writes Herald court reporter David Ovalle. “She then withdrew over $10,000 of that in the days leading up to the murder, according to arrest warrants.”
“On May 3, 2021, the accused hitman, an ex-con named Javon Carter, ran up to U.S. Transportation Security Administration officer Le’Shonte Jones as she walked into her South Miami-Dade apartment, shooting her multiple times, according to police,” the Herald’s reporting continues.
“Detectives believe Martinez, who had a series of run-ins with Jones over the years, paid Carter at least $10,000 to kill the Miami airport worker—a deal they say was bankrolled by money from the federal Payroll Protection Program.”
The reporting cites numerous examples of evidence against Martinez, who has been charged with murder.
Her phone records allegedly reveal that she communicated with the accused hitman 127 times in the month before the killing. So, too, police say her cell records show that she met up with the accused hitman immediately after the killing. According to arrest warrants, Martinez said during a prison phone call with an incarcerated individual that she was “ready to go kill this ho.”
Martinez’s lawyer maintains her innocence. And I want to be very clear: She has yet to be convicted of any crime and absolutely deserves the presumption of innocence. The reported charges above are all accusations sourced from law enforcement, not proven facts against her.
We don’t yet know for sure if our tax dollars were actually used to fund a hit on the late TSA officer Le’Shonte Jones, the mother of a 3-year-old. But it seems, at the very least, highly plausible that this is the case based on the facts we have now. And, unfortunately, it would be par for the course with the absurd and haphazard way money was thrown out the door during the federal government’s “stimulus” efforts.
Suffice it to say it didn’t work out so great.
The feds sent hundreds of billions flying out the door with little to no verification process. Rampant fraud, waste, and dysfunction inevitably ensued. So, too, the program was quickly co-opted not by the small businesses it was supposedly aimed at, but by large corporations.
A recent study by MIT economist David Autor found that the Paycheck Protection Program was wildly inefficient and imbalanced.
“We estimate that the program cumulatively preserved between 2 and 3 million job-years of employment over 14 months at a cost of $170K to $257K per job-year retained,” Autor wrote.
The study also found that only 23-34 percent of the money went to jobs that actually would’ve been lost without it. Autor also found that the program’s benefits were “highly regressive,” meaning it benefited the wealthy more, with about 75 percent of the benefits flowing to the top 20 percent of earners.
Overall, the Paycheck Protection Program was a terrible way to spend $800+ billion in taxpayer money. Now we’re learning it may have even financed a hit taken out on a law enforcement officer. But that shocking anecdote, if proven true, would just be the tip of the iceberg on the federal stimulus’s disastrous, dysfunctional results.