L.A.: $111M in Stimulus Saved Just 55 Jobs

By William Lajeunesse
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% 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 and created 7 private sector jobs and saved 7 workers from layoffs. Taxpayer cost per job: $1.5 million. the rest

Taxpayers Paid At Least $9 Million for Signs Promoting Obama's Economic Stimulus
At a minimum, taxpayers have spent $9.1 million as of July 2010 on signs advertising the Obama administration’s American Recovery and Reinvestment Act, also known as the stimulus law, according to federal officials reporting estimates to the Recovery Accountability and Transparency Board.