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Here are a few examples of the reason Obama's stimulus is failing miserably. There are more and more that are coming to light each day. Companies that received millions that are now going belly up with no jobs created and no benefit to the country. We cannot afford 4 more years of this spending with little to no benefit to the U.S. workforce.


ABC reports:
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.
Guess they kept the $529 million. net jobs created in the U.S. - 0

This discusses several.


Billions wasted. very few net jobs.

D.C. got almost a billion and can't say for sure if a single job was created. Unemployment is actually higher.


Most of the money has been spent, and data suggest that overall regional job growth did occur as a result of the massive infusion of capital. But a review by The Washington Times of figures provided by D.C. officials shows that the city spent hundreds of millions of dollars without being able to demonstrate any significant improvement in the city's jobs outlook.
If anything, the employment picture has worsened in the District.


Part of an $11 million grant intended to provide business attire to 400 low-income job-seekers instead helped only two people, an audit of the city's Department of Human Services has found.

$11 million wasted. It looks like they bought furniture.


At least $7 million in federal stimulus money intended to provide jobs to unemployed Oregonians instead paid wages to 254 foreign workers, federal investigators have concluded.

$7 million wasted - U.S. jobs created - 0


Savannah River Nuclear Solutions paid out $7.7 million in unnecessary separation payments to stimulus-funded workers at Savannah River Site, according to a new audit report by the U.S. Energy Department's Inspector General.

$7.7 million wasted. Jobs actually lost.


Last year, Seattle Mayor Mike McGinn announced the city had won a coveted $20 million federal grant to invest in weatherization.....

But more than a year later, Seattle's numbers are lackluster. As of last week, only three homes had been retrofitted and just 14 new jobs have emerged from the program.

$20 million wasted. 14 jobs created, 3 houses winterized.


$2 billion wasted. Jobs created - lots overseas.
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