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Title: Audit of Federal Stimulus Funds in Los Angeles Shows $111 Million in ARRA Grants Has Only Created 55 Jobs (Yes, you've read that correctly)
Source:
http://www.huffingtonpost.com/wendy-greuel/audit-of-federal-
URL Source: http://www.huffingtonpost.com/wendy ... federal-stimulus_b_719817.html
Published: Sep 16, 2010
Author: Wendy GreuelCity Controller of Los Angel
Post Date: 2010-09-16 21:33:13 by Nebuchadnezzar
Keywords: None
Views: 7226
Comments: 26
Audit of Federal Stimulus Funds in Los Angeles Shows $111 Million in ARRA Grants Has Only Created 55 Jobs Email Comments 4 I released two very disappointing audits today of how the City of Los Angeles has used American Recovery and Reinvestment Act (ARRA) funds. The audits looked at the how the two departments that have received the largest amount of ARRA funding so far - the Department of Transportation (LADOT) and the Department of Public Works (DPW) - have used those funds and how many jobs were created. Los Angeles has become the largest City in America to conduct an audit of how ARRA funds have been expended. DPW has received $70.65 million and created or retained 45.46 jobs, though they are expected to create 238 jobs overall (the fraction of a job created or retained correlates to the number of actual hours works). LADOT has been awarded $40.8 million and created or retained 9 jobs, though they are expected to create 26 jobs overall. Overall, the Departments have received $111 million in federal stimulus funds out of the $594 million the City has been awarded so far and created or retained 54.46 jobs. I'm disappointed that we've only created or retained 55 jobs after receiving $111 million in ARRA funds. With our local unemployment rate over 12% we need to do a better job cutting the red tape and putting Angelenos back to work. 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. We're going to continue to audit how these funds are spent, to ensure that they are expended quickly and correctly. I'm pleased that since our auditors completed their field work, the Departments have begun to implement the changes we identified to help get this money out the door faster. I know that some people might try to use this as an opportunity to criticize the President and the effectiveness of the stimulus package. I think that would be a big mistake. There have been 3.3 million jobs nationwide that have been saved or created because of ARRA. The stimulus was critical to keep the American economy afloat. The message we're sending is that the City needs to do a better job taking these funds and getting them out the door quicker and getting Angelenos back to work.
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#1. To: Nebuchadnezzar, dwarf (#0)
(Edited)
I know that some people might try to use this as an opportunity to criticize the President and the effectiveness of the stimulus package. I think that would be a big mistake...The stimulus was critical to keep the American economy afloat. "Might try to criticize"?? Who wrote this? War?? Or some other moronic Dem/Socialist ditz? Bwaaahaa!! What's that - about $2 mil per "job", war?? Nice "Stimulus."
Author: Wendy Greuel - City Controller of Los Angeles. Another effin idiotic Democratic Commie Twit. Dwarf is off the hook as the author, although he agrees 99% with Wendy.
Let's run the numbers using this sample shall we? If 111,000,000 gets you to "save" 55 jobs, how is it that Biden's claim of the stimulus at 850,000,000,000 could have possibly saved 3,500,000 jobs? Of course, the idiots in the media all failed basic math and this never occurs to them.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
Proving once again that you don't read articles... Or answer questions...
I read the article. I say the claim is bullshit based upon the fact that spending $111,000,000 got only 55 jobs.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
BFD.
Fourteen letters in his nick and living life with an IQ of one. He comprehends the despair of disparity, give the Conserva Nutzie some slack, OK? ;-D
"It's all hopeless, they're all bad, I'm unappreciated....." Cheer up Eeyore the Neb, at least piglet the Murron loves ya.
BFD. It is noted that you made no comment about the fact that so much money was wasted. Just another DNC hack on LF.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
All the article states is that the funds were received. It does not say that they were spent.
more falsehoods from the right: From the auditor's report: The LADOT spent has only spent $1.8 million of its $40.8 million while the L.A. DPW has only spent $5.24 million of its $70.65 million. And the jobs created figure only includes government jobs, not those awarded to contractors. Facts are the enemy of the right wing.
You won't see Nebby here again...facts to him are like water to a witch...
Excuses are like assholes. Seems you've got yours.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
You most certainly are my asshole.
Ah, can't refute the story, so you attack the messenger. Best card a losing player can play.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
Thanks for explaining your #13. Had you read this thread, you'd see that very little of the money has actually been spent. You are WRONG yet again,
Check out THIS latest war-quote? Is this guy a gay masochist or what?? SOMEBODY'S using this forum to send "The Vibe" out....(no names, please....lol)
He's become a stupid, boring, lying poster. It's now pathetic.
War has always been pathetic. Its just now becoming increasingly obvious. Hey, whore, this one's for you:
Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over. (Murron)
You most certainly are my asshole. Ah, can't refute the story, so you attack the messenger. Best card a losing player can play. Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554 Nebuchadnezzar posted on 2010-09-18 14:16:25 ET Reply Trace Private Reply
BUMP You didn't even bother to make a point on this thread but got right into your preferences...
That was for you... This should get you started,,.
This should get you started,,. BUMP Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over. (Murron)
Please point out on this thread where a) I deflected and did not address the point and b) where you offered anything substantive. Thanks.
You are joking, right? All you have is obfuscation. Don't waste my time with your lame rhetoric.
Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over. (Murron)
Thanks.
$111 Million in ARRA Grants Has Only Created 55 Jobs...
#2. To: Nebuchadnezzar, dwarf (#0)
#3. To: Liberator (#1)
"Might try to criticize"?? Who wrote this? War?? Or some other moronic Dem/Socialist ditz?
#4. To: Nebuchadnezzar (#0)
I know that some people might try to use this as an opportunity to criticize the President and the effectiveness of the stimulus package. I think that would be a big mistake. There have been 3.3 million jobs nationwide that have been saved or created because of ARRA. The stimulus was critical to keep the American economy afloat.
#5. To: war (#4)
Proving once again that you don't read articles...
#6. To: Nebuchadnezzar (#5)
I say the claim is bullshit based upon the fact that spending $111,000,000 got only 55 jobs.
#7. To: war (#6)
#8. To: Nebuchadnezzar (#5)
(Edited)
#9. To: war (#6)
I say the claim is bullshit based upon the fact that spending $111,000,000 got only 55 jobs.
#10. To: Nebuchadnezzar (#9)
It is noted that you made no comment about the fact that so much money was wasted.
#11. To: Nebuchadnezzar, liberator, war (#0)
(Edited)
DPW has received $70.65 million and created or retained 45.46 jobs, though they are expected to create 238 jobs overall (the fraction of a job created or retained correlates to the number of actual hours works). LADOT has been awarded $40.8 million and created or retained 9 jobs, though they are expected to create 26 jobs overall. Overall, the Departments have received $111 million in federal stimulus funds out of the $594 million the City has been awarded so far and created or retained 54.46 jobs.
And the Conservative plan to create jobs is......?????
#12. To: go65 (#11)
(Edited)
#13. To: war (#10)
All the article states is that the funds were received. It does not say that they were spent.
#14. To: Nebuchadnezzar (#13)
#15. To: war (#14)
You most certainly are my asshole.
#16. To: Nebuchadnezzar (#15)
#17. To: war, e_type_jag, Nebuchadnezzar (#14)
War: "You most certainly are my asshole."
#18. To: Nebuchadnezzar (#15)
Best card a losing player can play.
#19. To: Liberator, war (#18)
#20. To: Rudgear (#19)
#15. To: war (#14)
#21. To: All (#20)
#22. To: Rudgear (#21)
#23. To: war (#22)
That was for you...
#24. To: Rudgear (#23)
(Edited)
#25. To: war (#24)
#26. To: Rudgear (#25)
Please point out on this thread where a) I deflected and did not address the point and b) where you offered anything substantive.
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