According to newly released audits, the city of Los Angeles brutally squandered the 2009 stimulus money it received from the central Government and, essentially, taxpayers. Approximately $594 Million in total.
The city's Department of Transportation and Department of Public Works spent $111 Million of that total and only managed to create or save 54 total jobs. Fifty-fucking-four! That's roughly $2 Million per job! Keeping in mind those include jobs that were saved, what is the real expense?
Where is the accountability on any level of government? It's not with President Obama; he's 20 months into a media-fueled free-pass that looks like it would hold up even if he started sacrificing children on the White House Lawn.
The whole thing is deplorable at best, and proof that the Dems in power had no real follow-through plan after cutting these checks to various cities and districts. Oh well, maybe the next stimulus package Obama has lined up will fare a little better. Democrats are praying that it will at this point, or they may have trouble seeing their Messiah to a 2nd term. Right now, however, its just setting up as a ploy to buy mid-term votes, not anything that might actually help.
http://news.yahoo.com/s/yblog_upshot/20100917/bs_yblog_upshot/report-los-angeles-spent-70-million-in-stimulus-funds-to-create-7-76-jobs
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