President Barack Obama on Thursday called for spending at least $13 billion to launch a "new era" of high-speed passenger rail transportation, sparking competition among states and providing a potentially rich new market for rail equipment makers.

Jim Hoft suggested Los Angeles has used the entire $111 million, writing: Another Democratic Success Story...Los Angeles has used $111 million in stimulus cash to create a whopping 55 jobs.

Fox News' Fox & Friends, co-host Steve Doocy announced that the city of Los Angeles has created 54.46 jobs for $111 million. That is $2 million apiece, which co-host Brian Kilmeade said really defines government waste. Co-host Gretchen Carlson added that L.A. should get a failing grade for that job creation record. Doocy then echoed the Ace of Spades post, stating: The good news is, according to the calculations, Los Angeles is going to get 483 million more dollars, which means, at this r

Bill Hemmer noted that the Los Angeles controller stated that 55 jobs have been created with the $111 million in stimulus it has received so far and claimed, That's 2 million per job. Co-host Martha MacCallum described the report as shocking and added: I'd rather take the $2 million, probably, than the salary for the job. During the subsequent segment with Fox Business host Stuart Varney, Hemmer claimed that the L.A. Department of Public Works spent $70 million in stimulus funds; they cre

O'Reilly echoes myth that L.A. spent $2 million in stimulus per job created

In a September 16 post, Ace of Spades blogger Gabriel Malor quoted from the audit and stated that Los Angeles created 54 and a half jobs. That's it. Out of $111 million. He then added that for damn sure they were misspent and suggested that each job cost roughly $2.02 million, stating great news, sportsfans. Los Angeles has another $483 million in spendulus funds coming its way. At the present rate that's a whole 239.3 jobs!

Saying that 99ers, Umemployed Americans should be ashamed to be called americans

Liz Cheney spread the myth that the stimulus bill has not worked to mitigate job losses. In fact, many independent and private analysts have agreed that stimulus spending significantly raised employment over what would have happened without it.

Stuart Varney argued that it is inaccurate to attribute the recession to President Bush and claimed that President Obama's policies have not fixed that ongoing recession. In reality, Obama's policies have created growth in the GDP and the Dow Jones Industrial Average, while turning around the increases in joblessness that began under Bush.In reality, the economic recession started before Obama came to office and Real GDP has greatly increased during Obama's presidency.