L.A.: $111M in Stimulus Saved Just 55 Jobs

Gerald · 09-17-10, 12:18 PM

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."

http://www.foxnews.com/politics/2010...timulus-funds/

Note:Published September 17, 2010

09-17-10, 12:18 PM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	L.A.: $111M in Stimulus Saved Just 55 Jobs 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." http://www.foxnews.com/politics/2010...timulus-funds/ Note:Published September 17, 2010 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie