Posts Tagged ‘created seven’

Obama Stimulus Wreckovery Act: $111 Million ‘Saved’ Only 55 Jobs

September 19, 2010

Barry Hussein is such an unmitigated failure that it defies description.

But at least we can describe his porkulus record:

L.A.: $111M in Stimulus Saved Just 55 Jobs
By William Lajeunesse
Published September 17, 2010

More than a year after Congress approved $800 billion in stimulus funds, the Los Angeles city controller has released a 40-page report on how the city spent its share, and the results are not living up to expectations.

“I’m disappointed that we’ve only created or retained 55 jobs after receiving $111 million,” said Wendy Greuel, the city’s controller. “With our local unemployment rate over 12 percent we need to do a better job cutting red tape and putting Angelenos back to work.”

According to the audit, the Los Angeles Department of Public Works spent $70 million in stimulus funds — in return, it created seven private sector jobs and saved seven workers from layoffs. Taxpayer cost per job: $1.5 million.

The Los Angeles Department of Transportation created even fewer jobs per dollar, spending $40 million but netting just nine jobs. Taxpayer cost per job: $4.4 million.

Greuel blamed the dismal numbers on several factors:

1. Bureaucratic red tape: Four highway projects did not even go out to bid until seven months after they were authorized.

2. Projects that were supposed to be competitively bid in the private sector went instead went to city workers.

3. Stimulus money was not properly tracked within departments

4. Both departments could not report the jobs created and retained in a timely fashion..

“I would say maybe in a grade, a B- in creating the jobs,” Greuel told Fox News. “They have started to spend those dollars but it took seven months to get some of those contracts out. We think in the city that we should move quickly and not in the same usual bureaucratic ways.”

But as we consider the debate over extending the Bush tax cuts for ALL Americans, one thing is obvious: the government is FAR better at “stimulating” private sector jobs than rich people who run millions of small and large businesses.  And if you don’t believe that, you’re a racist.

Meanwhile, the poverty rate has increased by more under Barry Hussein than under ANY president in FIFTY YEARS.  But you have to admit, he’s doing a really, REALLY good job creating poverty.

Please, please vote for Democrats this November.  Vote for the greatest economic disaster in American history.  Democrats have worked feverishly to implode America so that they can bring their Cloward and Piven strategy to fruition.  But they need more time to destroy the America that the hated founding fathers envisioned; and two more years ought to be enough for them to complete the “fundamental transformation” of America into their Marxist-fascist Utopia.

Remember, Americans, you are greedy and arrogant, just as Obama has been telling the world while he apologized for our depravity.  We deserve to suffer.  So please vote Democrat so our chickens can finally truly come home to roost once and for all.

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