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Great News! $111 Million in Stimulus Money To Los Angeles Produced 54.46 Jobs

September 17, 2010

$111 Million in Stimulus Money To Los Angeles Produced 54.46 Jobs

Doing the Math: $111,000,000 million divided by 54.46 jobs = $2,038,193 of taxpayer stimulus money per job.

PHEW!!! That’s a relief.  I was worried that the government was going to misspend and be inefficient spending the stimulus money. 

Via Patterico, who’s trumpeting the gruesome per-job breakdown.  And in fairness, some of the waste is doubtless due to mismanagement by California’s horrible municipal governments.

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. Disappointed — why aren’t you FIRED! 

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.  Ya Think?

The punchline via Gabe Malor: Elsewhere in the document, the comptroller concedes that it’s “difficult to distinguish between ARRA-related expenditures and expenditures using City funds.” In other words, to credit the stimulus money with creating — or saving! — even 54 jobs might be too much.

http://hotair.com/archives/2010/09/16/great-news-111-million-in-stimulus-money-to-l-a-produces-54-jobs/

Commentary:

You know what’s even worse. . . . The jobs created are government jobs which means the job relies on taxpayer funding year after year to sustain the position.  Government jobs are income and profit sapping jobs.  They are an expense of doing business, and do absolutely nothing for the bottom line. 

Instead of using the stimulus money to create a self-sustaining business that can employ people and pay taxes off the income, the stimulus money was used as a bandaid to save government worker jobs.  It’s the old expression, give the man a fish, feed him for a day.  Teach him how to fish, feed him for life.  Here the government just paid $2 million for a fish.

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