Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 09-17-2010, 07:52 AM  
mlyonsd mlyonsd is online now
Supporter
 
Join Date: Aug 2000
Location: Spink, SD
Casino cash: $49385
L.A.: $111M in Stimulus Saved Just 55 Jobs

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

By William Lajeunesse
Published September 17, 2010 | FoxNews.com
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.

Greuel blamed the dismal numbers on several factors:

1. Bureaucratic red tape: Four highway projects did not even go out to bid until seven months after they were authorized.
2. Projects that were supposed to be competitively bid in the private sector went instead went to city workers.
3. Stimulus money was not properly tracked within departments
4. Both departments could not report the jobs created and retained in a timely fashion..

"I would say maybe in a grade, a B- in creating the jobs," Greuel told Fox News. "They have started to spend those dollars but it took seven months to get some of those contracts out. We think in the city that we should move quickly and not in the same usual bureaucratic ways."

http://www.foxnews.com/politics/2010...timulus-funds/
Posts: 24,461
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 09-17-2010, 07:53 AM   #2
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9632413
FAUX NEWS FAUX NEWS FAUX NEWS!
Posts: 19,474
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-17-2010, 08:05 AM   #3
Saul Good Saul Good is online now
MVP
 

Join Date: Jul 2005
Casino cash: $184000
Were those 55 jobs the roster of a new NFL team? If so, $2,000,000 per job sounds about right. That should get them just under the cap.
__________________
Quote:
Originally Posted by J Diddy View Post
Saul 2014
Posts: 30,539
Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.Saul Good is obviously part of the inner Circle.
  Reply With Quote
Old 09-17-2010, 08:18 AM   #4
ROYC75 ROYC75 is offline
Time For Your Wake Up Call !!!
 
ROYC75's Avatar
 

Join Date: Oct 2000
Location: Barn Yard
Casino cash: $10078525
That's getting a lot of bang for your bucks !

Nice work L.A.

And people wonder why we want the keys back ?
__________________
"Pay Heed. The game you love began here. Respect those who came before you. Make their legacy your own. Because destiny favors the dedicated. And rings don't replace work. In this game you don't get what you want. You get what you earn. We are Kansas. Together we rise. Rock Chalk Jayhawk!
Posts: 24,445
ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 09-17-2010, 08:36 AM   #5
BigChiefFan BigChiefFan is offline
MVP
 
BigChiefFan's Avatar
 

Join Date: Feb 2001
Location: In the Top 10
Casino cash: $107565
They just reported the same story on CNBC. I'd say our country has the most corrupt politicians that exist and most just sit back and ask for more. The country is bankrupt.
__________________
A 35 year drought can make you thirsty.
Posts: 14,258
BigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby PiscitelliBigChiefFan 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 09-17-2010, 09:13 AM   #6
ROYC75 ROYC75 is offline
Time For Your Wake Up Call !!!
 
ROYC75's Avatar
 

Join Date: Oct 2000
Location: Barn Yard
Casino cash: $10078525
crickets * crickets * crickets *

What's this ? No Liberal spin ?
__________________
"Pay Heed. The game you love began here. Respect those who came before you. Make their legacy your own. Because destiny favors the dedicated. And rings don't replace work. In this game you don't get what you want. You get what you earn. We are Kansas. Together we rise. Rock Chalk Jayhawk!
Posts: 24,445
ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 09-17-2010, 09:36 AM   #7
Jenson71 Jenson71 is offline
fides quaerens intellectum
 
Jenson71's Avatar
 

Join Date: Oct 2003
Location: Iowa
Casino cash: $17125
Quote:
Originally Posted by ROYC75 View Post
crickets * crickets * crickets *

What's this ? No Liberal spin ?
Well, I was and still am a supporter of the Stimulus. But yeah, those are dismal numbers. On average, several reports from IHS Global Insight, Macroeconomic Advisers and Moody’s, and also the CBO, showed about 2.5 million jobs were saved total. There are going to be some districts/states/cities that are using the money more productively in terms of job growth. I wouldn't condemn or praise the total project based on one place alone.
Posts: 5,342
Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Jenson71 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 09-17-2010, 09:48 AM   #8
ROYC75 ROYC75 is offline
Time For Your Wake Up Call !!!
 
ROYC75's Avatar
 

Join Date: Oct 2000
Location: Barn Yard
Casino cash: $10078525
Quote:
Originally Posted by Jenson71 View Post
Well, I was and still am a supporter of the Stimulus. But yeah, those are dismal numbers. On average, several reports from IHS Global Insight, Macroeconomic Advisers and Moody’s, and also the CBO, showed about 2.5 million jobs were saved total. There are going to be some districts/states/cities that are using the money more productively in terms of job growth. I wouldn't condemn or praise the total project based on one place alone.
Buddy, I really like your spirit, but I'm wondering how much longer it will take for you to see the overall picture. I can clearly see that you are still hooked on the "HOPE & CHANGE" wagon.

It appears that you are only getting 2 years of it. It's going to be a "CHANGE" real quick and the "HOPE" is that we can turn this country around before we are faced with a bankrupt USA.
__________________
"Pay Heed. The game you love began here. Respect those who came before you. Make their legacy your own. Because destiny favors the dedicated. And rings don't replace work. In this game you don't get what you want. You get what you earn. We are Kansas. Together we rise. Rock Chalk Jayhawk!
Posts: 24,445
ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ROYC75 Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 09-17-2010, 09:49 AM   #9
chiefsnorth chiefsnorth is offline
Veteran
 

Join Date: Apr 2010
Casino cash: $15815
The point is not that The Obama Stimulus Package didn't do anything to move the needle on the economy; we all knew that already.

What I find stunning is that even using the bullshit standard of "saved or created", they could only come up with 55 jobs. So in all probability, the money was spent without any legitimate job creation.

I say to you stimulus supporters, this $111 million could have paid 2220 people a $50,000 salary for one year. Instead we are getting around 50 jobs under the rosiest possible standard, but more likely, we got zero jobs for this money.

And we still try to say government should confiscate money and filter it through its sponges, and this is the best and most efficient way to do things?
Posts: 1,808
chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.chiefsnorth must have mowed badgirl's lawn.
  Reply With Quote
Old 09-17-2010, 09:55 AM   #10
Chief Henry Chief Henry is offline
MVP
 

Join Date: Aug 2000
Location: IOWA
Casino cash: $26695
This can't be right. I refuse to believe we have that kind of ineptness in this country.
__________________
On January 3rd, 2007 the unemployment rate was 4.60% with a RECORD 52 months of JOBS growth and the GDP was 3.50%. January 3rd, 2007 is also the day Harry Reid and Nancy Pelosi took over the House and the US Senate.
Posts: 8,319
Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.
  Reply With Quote
Old 09-17-2010, 09:59 AM   #11
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9632413
Quote:
Originally Posted by Chief Henry View Post
This can't be right. I refuse to believe we have that kind of ineptness in this country.
We should probably let them handle health care for us.
Posts: 19,474
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-17-2010, 10:01 AM   #12
fan4ever fan4ever is online now
Veteran
 
fan4ever's Avatar
 

Join Date: Oct 2002
Location: Scottsdale, AZ
Casino cash: $42513
I'd had rather read that they took that 111 million dollars and made 111 millionaires in a lottery drawing.

Looks like this money was blown with very little benefit...like the rest.
Posts: 3,930
fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 09-17-2010, 10:02 AM   #13
fan4ever fan4ever is online now
Veteran
 
fan4ever's Avatar
 

Join Date: Oct 2002
Location: Scottsdale, AZ
Casino cash: $42513
Quote:
Originally Posted by blaise View Post
We should probably let them handle health care for us.
This . . . I mean "Amen"
Posts: 3,930
fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 09-17-2010, 10:40 AM   #14
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Austin, TX
Casino cash: $1012501
This is a fundamental misunderstanding of the nature of fiscal policy. The reason expansionary policy creates jobs is because in a time when aggregate demand is in shortfall the multiplier on ANY spending is high. The city of LA employed 55 more people, but the money that was spent by the programs went to employ more people who contract for the city, provide materials to those contractors, etc, who spent this additional money to employ more people, and so on. The idea is that because unemployment is so high and capacity utilization is so low that any additional spending will, by increasing aggregate demand, stimulate the economy.

Accountants and journalists look only at the direct effect, not the larger effects like economists do.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,516
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 09-17-2010, 11:04 AM   #15
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1182
Quote:
Originally Posted by Forward Dante View Post
This is a fundamental misunderstanding of the nature of fiscal policy. The reason expansionary policy creates jobs is because in a time when aggregate demand is in shortfall the multiplier on ANY spending is high. The city of LA employed 55 more people, but the money that was spent by the programs went to employ more people who contract for the city, provide materials to those contractors, etc, who spent this additional money to employ more people, and so on. The idea is that because unemployment is so high and capacity utilization is so low that any additional spending will, by increasing aggregate demand, stimulate the economy.

Accountants and journalists look only at the direct effect, not the larger effects like economists do.
So, the "real" figure is say, more like 100 jobs?
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 74,211
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 02:24 PM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.