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Los Angeles Comptroller Discloses $111 Million in Stimulus Creates 55 Jobs

• GlobalEconomicAnalysis.blogspot.com
 
Wendy Greuel goes on to defend president Obama and makes a claim "3.3 million jobs nationwide that have been saved or created because of ARRA". This is one of those stories likely to go viral, not for her misguided defense of Obama, but rather the silliness of the situation in LA. However, the truth of the matter is stimulus efforts don't create any lasting jobs anywhere, and the claim "3.3 million jobs were saved or created because of ARRA" is simply preposterous. As soon as the stimulus is cutoff every job "saved" will vanish into thin air, not to mention that the number 3.3 million is absurd from the start, even on a temporary basis. Can I have a legitimate accounting of "ARRA" please? I bet the findings would be as bad as the City Controller of Los Angeles discovered. On second thought, please cancel that audit request. It will be impossible to get anything close to a legitimate audit.

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