STIMULUS WATCH: Obama & Democrats To Get Cranial Recovery And Reinvestment Surgery After Spending $2 Million Per Stimulus Job In LA

Video:  Stimulus -- Real or Fake? -- By Bankrupting America

Watch this clip.  Phenomenal work.  I'll wager you can't tell the difference between real and fake stimulus projects.  But the actual story here is Los Angeles Porkulus and the $2 million cost per job created.  Yes, $2 million. 

Where do I get a complaint sheet.

For newcomers to the site, normally I use every opportunity to criticize, thrash, smack about both parties, but the stimulus was and remains a fully Democratic Party boondoggle.  You know, the type of swindle where you spend trillions of borrowed future tax dollars from unborn Americans so that your party can remain in power for the next election cycle.  All backed by 'scholarly Keynesian research' from your legion of political economists, from Krugman to Delong.

Read the details on Los Angeles and how they wisely and capriciously spent their $111 million in federal stimulus, borrowed future unborn dollars on 55 jobs, working out to $2 million per.  I trust you get the point of my late-night malevolent syntax.

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“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,” said City Controller Greuel. “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.”

• Keep reading at the LA Times

Check out our last stimulus story:

• Fight Back! -- Obama Spends $200 Million On Stimulus Signs -- See A Sign, Take A Picture, Send It In!

• STIMULUS WATCH: CBO Says Actual Price Tag Is $814B

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Comments

[DailyBail]

http://www.bankruptingamerica.org/

Creators of the video...

[DailyBail]

Christina Romer's Final Speech: Defending A Failed Stimulus (Today @ National Press Club, Video & Transcript)

http://dailybail.com/home/christina-romers-final-speech-defending-a-failed-stimulus-to.html

[DailyBail]

Los Angeles Comptroller Discloses $111 Million in Stimulus Creates 55 Jobs, Yet Defends the Program

http://globaleconomicanalysis.blogspot.com/2010/09/los-angeles-comptroller-discloses-111.html

[DailyBail]

America: Love it or (if you're rich enough) leave it?

http://latimesblogs.latimes.com/money_co/2010/09/obama-bush-tax-cuts-high-income-earners-wealthy.html

[DailyBail]

"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.

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

[DailyBail]

Can Exercise Make Kids Smarter?

http://well.blogs.nytimes.com/2010/09/15/phys-ed-can-exercise-make-kids-smarter/?src=me&ref=general

Study says yes...

[DailyBail]

Just Manic Enough: Seeking Perfect Entrepreneurs

http://www.nytimes.com/2010/09/19/business/19entre.html?ref=general&src=me&pagewanted=all

Very interesting piece...