Valerie Jarrett was on “The View” recently defending the stimulus plan on the basis that it helped keep 3 million jobs. If you visit www.recovery.gov, the Administration’s official website on the stimulus, it says that the stimulus funded 749,779 jobs during the first 15 months of the program. Last week, the Controller’s Office of Los Angeles reported that $111 million dollars of stimulus funds were used to create 55 new jobs.
If we project from the City of Los Angeles experience, maybe only 270,000 jobs have been created to date? If this even begins to approach the truth, where did all the money go?
According to the IBTimes.com, Robert Inman, an economics professor at the University of Pennsylvania, theorized that state governments have been using the money to promote their own selfish agendas and are not using the funds in the best interest of the country.