Obama’s Stimulus – $2 Million Per Job In LA

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.

http://www.ibtimes.com/articles/63228/20100917/american-recovery-and-reinvestment-act-arra-los-angeles-stimulus-wendy-greuel.htm

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 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.

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 and creating jobs,” she said.

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2 Responses to Obama’s Stimulus – $2 Million Per Job In LA

  1. Amino says:

    Most in the picture are Latino. Millions have come into California. The unemployment problem, and the housing problem, has been exacerbated, and was probably created in the first place, because of the uncontrolled influx of people illegal immigrants. California might have had neither problem if they had controlled the border. Most people don’t realize, but some know well, that the areas of America hit worst by the housing crash are the same areas that have the most illegal immigrants.

  2. bruce ryan says:

    So this is saying that all the rest of the money just went into state overhead?

    Really, a 100 position lotto with full payment would have been more effective.

    Lets see, with this as an example of government efficiency I have no worries about Obamacare going over budget, or being a complete success.

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