L.A. Stimulus: $10 Million to Create One Job

When President Obama and Congress passed a multi-billion dollar jobs creation bill it was widely reported that tens of thousands of jobs would be saved or created as a result. Contrary opinions from opponents of the bill argued that only the free market, not government, is capable of creating sustainable, meaningful labor and that the billions spent would end up being more wasteful spending.

According to Los Angeles City Controller Wendy Greuel, the contrarians may have been right.

In a recent audit and follow-up press release, the city controller’s office says that of the $111 million in stimulus funds the city has already received of the $594 originally awarded, the city has created or retained a total 54.46 jobs.'

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