Government Efficiency: $111M in Stimulus Saved Just 55 Jobs

You know what this means, right? We need another stimulus! Of course if you complain about this outrageous waste of taxpayer money then you're reacist or something.

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.

Naturally this abysmal failure doesn't get a failing grade. Much like Obama these folks think way too highly of themselves.

"I would say maybe in a grade, a B- in creating the jobs," Greuel told Fox News.

Well, at least they're not blaming Bush.