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Stimulus Jobs Cost $2 MILLION Each

Mike

Well-known member
The Los Angeles City Controller said on Thursday the city's use of its share of the $800 billion federal stimulus fund has been disappointing.

The city received $111 million in stimulus under American Recovery and Reinvestment Act (ARRA) approved by the Congress more than year ago.


"I'm disappointed that we've only created or retained 55 jobs after receiving $111 million," says Wendy Greuel, the city's controller, while releasing an audit report.

"With our local unemployment rate over 12% we need to do a better job cutting red tape and putting Angelenos back to work,” she added.

According to the report, the Los Angeles Department of Public Works generated only 45.46 jobs (the fraction of a job created or retained correlates to the number of actual hours works) after receiving $70.65 million, while the target was 238 jobs.

Similarly, the city’s department of transportation, armed with a $40.8 million fund, created only 9 jobs in place of an expected 26 jobs.

The audit says the numbers were disappointing due to bureaucratic red tape, absence of competitive bidding for projects in private sectors, inappropriate tracking of stimulus money and a laxity in bringing out timely job reports.

There are still some idiots out there that think the programs of FDR brought us out of the depression. Not so, with plenty of evidence to the contrary.
 
A

Anonymous

Guest
Mike said:
The Los Angeles City Controller said on Thursday the city's use of its share of the $800 billion federal stimulus fund has been disappointing.

The city received $111 million in stimulus under American Recovery and Reinvestment Act (ARRA) approved by the Congress more than year ago.


"I'm disappointed that we've only created or retained 55 jobs after receiving $111 million," says Wendy Greuel, the city's controller, while releasing an audit report.

"With our local unemployment rate over 12% we need to do a better job cutting red tape and putting Angelenos back to work,” she added.

According to the report, the Los Angeles Department of Public Works generated only 45.46 jobs (the fraction of a job created or retained correlates to the number of actual hours works) after receiving $70.65 million, while the target was 238 jobs.

Similarly, the city’s department of transportation, armed with a $40.8 million fund, created only 9 jobs in place of an expected 26 jobs.

The audit says the numbers were disappointing due to bureaucratic red tape, absence of competitive bidding for projects in private sectors, inappropriate tracking of stimulus money and a laxity in bringing out timely job reports.

There are still some idiots out there that think the programs of FDR brought us out of the depression. Not so, with plenty of evidence to the contrary.

Mike,

do not be an idiot...the stimulus is at $27 trillion and it almost all went to bonus money on wall street and offshore banks. we got nothing...your good buddy bush made sure his buddies like jew paulson got his $1 billion...that is right $1 billion and he also made sure his buddies that shorted stocks on 9/10/01 did not ever get investigated.

you are worried about $2 million per job...do the math...
 

hopalong

Well-known member
YOu are right shameooooMIKE do not be an idiot ,
We have on already here in ther person o Shameoooooooo, abd there is no way you could ever sink that low to endanger him
 
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