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Old September 17th, 2010, 05:13 PM   #1
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L.A. Spent $70m to create 7.72 Stimulus Jobs

Report: Los Angeles spent $70 million in stimulus funds to create 7.76 jobs



Even more stimulus money was waste saving a few jobs.



L.A. Controller Wendy Greuel said the job numbers were underwhelming. "I'm disappointed that we've only created or retained 55 jobs after receiving $111 million in [stimulus] funds," Greuel said. "With our local unemployment rate over 12 percent, we need to do a better job cutting the red tape and putting Angelenos back to work."



The $111m figure includes other areas where they were slightly more efficient in creating jobs.



This is what government does - creates expensive jobs at a cost far beyond that of the private sector.



My favorite: $5000 (excluding labor!) per location to change lightbulbs at various locations.



The jobs "created or saved" was far below the fed's prediction (no surprise).



Give one person the $111m to create 200 jobs picking up trash at $50k per year.
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Old September 25th, 2010, 06:49 AM   #2
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Damn greedy CEO's!
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Old September 25th, 2010, 01:44 PM   #3
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Broader U-6 Jobless Rate up to 16.7%: Why the Jump? - Real Time Economics - WSJ
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Old September 26th, 2010, 07:49 AM   #4
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Is there anything important being said here?
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Old September 26th, 2010, 08:25 AM   #5
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Originally Posted by fayt87linegod
Is there anything important being said here?


That was a rather dismissive and arrogant response - you don't think it is important that the taxpayer's $70m created only 7.7 jobs? It illustrates (1) problems with the stimulus plan and (2) the government's inefficiency at creating jobs.



We talk about Wall Street greed and income ... but what about this crap?
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Old September 26th, 2010, 08:37 AM   #6
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Did you see the John Stossel show presented the last several days The Battle for the Future? FOXNews.com - JOHN STOSSEL: The Battle for the Future



Great program and it explains a lot about unemployment trends and unemployment insurance.
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Old September 26th, 2010, 09:05 AM   #7
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Originally Posted by leighredf
That was a rather dismissive and arrogant response - you don't think it is important that the taxpayer's $70m created only 7.7 jobs? It illustrates (1) problems with the stimulus plan and (2) the government's inefficiency at creating jobs.



We talk about Wall Street greed and income ... but what about this crap?


Have you guys heard? Recession is over, so what's the problem? jk,



Look I understand it's not enough (stimulus), so what are your ideas for a solution? or solutions
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Old September 26th, 2010, 09:22 AM   #8
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Originally Posted by fayt87linegod
Have you guys heard? Recession is over, so what's the problem? jk,



Look I understand it's not enough (stimulus), so what are your ideas for a solution? or solutions
Get government out of the way of business!
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Old September 26th, 2010, 11:23 AM   #9
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Get government out of the way of business!


Do anyone have anything that makes sense?
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Old September 26th, 2010, 12:08 PM   #10
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Quote:
Originally Posted by fayt87linegod
Do anyone have anything that makes sense?
The answer to your question was in the quote... Get government out of the way of business!



The reason the recovery is moving so slow is government is in the way of business... We have federal agencies chiefs that congress gave authority to make up rules as they see fit without the consent of congress... we have a healthcare bill that falls in that same arena with skyrocketing insurance premiums... we have the government weakening the US dollar with reckless spending that doesn't result in jobs or recovery... we have federal regulations that effect small businessmen all the way down to hot dog vender's... Government get the hell out of the way and stop spending money!



Jesus Christ, the government can't even set next years tax rates for business to plan from.
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