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Old 09-19-2010, 12:07 PM  
Ethersync
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:stop Wow, Obama's Stimulus: Audit Reveals it to be a Complete and Total FAILURE in Los Angeles.

Worse than I had even though it would be, WTF?

Los Angeles City Controller said:
Quote:
"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.
And...

Quote:
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 of work) 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.
Works out to roughly $2,000,000 to save 1 government job.

http://www.ibtimes.com/articles/6322...ndy-greuel.htm

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