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."
Thank you California. Thank you for doing a bang up job out there. Don't worry about wasting 111 million in taxpayer dollars. Next year you can report that the stimulus is working when we give you another 100 million in money the government borrowed and you can report that 55 more jobs were saved.
My favorite part of the story...
"I would say maybe in a grade, a B- in creating the jobs," Greuel told Fox News.
I wish I had gone to what ever school you did, I'd have graduated. You put forth that kind of effort and you think that is a B minus? Awesome.