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Stimulus efficiency success story of the day

By Michelle Malkin  •  October 28, 2009 11:32 AM

Hey, how’s Obama’s job-creating stimulus working out for you, Philadelphia?

More hype than hope, as usual:

MORE THAN six months after President Obama’s $787 billion stimulus package was passed into law, the city of Philadelphia has spent less than $1 million in recovery money and retained just 52 jobs.

The data was laid out in a memo sent to Mayor Nutter from Budget Director Steve Agostini, and obtained by the Daily News. Agostini, who was recently assigned to oversee the city stimulus program, also reported that the city’s efforts to manage stimulus dollars have been hampered by limited communication between departments.

The news comes as the local unemployment rate continues to climb. The Philadelphia jobless rate hit 10.7 percent in August.

Oh, wait. Here’s one job that was created — a crony government job:

City Council today will hold a hearing on the city’s allocation and use of stimulus dollars. The panel will also present its own stimulus research, compiled by former city housing director Tommy Massaro, who has a $25,000 consulting contract with Council.

And the cure for poorly-administered federal funds?

More federal funds!

Meanwhile, Mayor Nutter yesterday traveled to Washington, where he and other members of the U.S. Conference of Mayors met with White House economic adviser Lawrence Summers. Their message? That stimulus dollars are not flowing into cities quickly enough to stem the rising tide of unemployment.

Tom Cochran, executive director of the U.S. Conference of Mayors, said that the group asked the White House for direct unemployment aid to cities.

“I would say that [the stimulus program] is a slow train and right now with the unemployment we have, it’s going to take more than a slow train,” Cochran said. “We need a federal express.”

Hat tip – John Ruberry

Posted in: fiscal stimulus

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