Stimulating Los Angeles: Porkulus’ cost per job

It’s already an old story with the 2009 “stimulus package,” but this report on the number of jobs created here in Los Angeles by Porkulus and what they each cost is just appalling:

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.

They’d have earned a better return on their investment (with our money) by going to Vegas and betting it all at the roulette wheel.

Heckuva job, Mr. President.

(And, hey, wasn’t Sheriff Joe supposed to keep watch to make sure the money wasn’t wasted? I’d swear I remember something about that… )

via The Flash Report

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