Help me out here. What’s crazier — the abysmal failure the stimulus has been in Los Angeles County (like everywhere else) or how outrageously wasteful the plan was to begin with?
Los Angeles County’s take of stimulus funds is by far the largest in California, which has received $18.5 billion in ARRA funds, intended to create 110,219.36 jobs statewide — a pricey rate of $168,264.08 per job.
But Hollywood is a different story entirely. Hollywood — the geographic Hollywood as found on Thomas Guide map page 593 — has received $23,338,327 in grants, loans and contracting. This money has created just 20.57 jobs. That’s $1,134,580.80 per job. And as interviews with recipients reveal, even that tiny jobs claim is clearly false, with many of the claims of newly created positions either impossible to verify or lower than reported.
Not even 20 full-time jobs have been created in Hollywood proper.
So if the stimulus had worked according to the Federal Government’s plan, $168,264.08 would have been spent to create each job. Again, that was the plan … that would’ve been called a success.
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