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$2 million per stimulus job... :crazy:

By IB Times Staff Reporter | September 17, 2010 3:41 AM EDT

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.

“While it doesn’t appear that any of the ARRA funds were misspent, the City needs to do a better job expediting the process.

Really?? When?? Next time?? :laughing::crazy:


http://www.ibtimes.com/articles/632...ct-arra-los-angeles-stimulus-wendy-greuel.htm
 

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Don’t worry … the (R)s have it all worked out, they’ll let us know what their plan is after November 2nd :thumbsup:

Then 20 months later we’ll be back to December 2008. :laughing:
 

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How retarded

And I bet most of that money goes to all Illegal aliens you have allowed to live and work in Los Angeles


That sure won't help your Bankrupted State with it's

12% Un-employment

:laughing:

Jack-asses all of you


A bunch of Freeloaders living off the Taxpayer:nuts:
 
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