Friday, March 9, 2012

This is why businesses need to be regulated

The kneejerk reaction to the following news story (as I've seen at Hannity.com message boards) is, "Oh, that incompetent Obama. Can't he do anything right?" But really, blaming Obama for the failure of businesses to properly spend stimulus money is like blaming Bush for the welfare frauds during his tenure.

The only way to stop businesses from using money dishonestly is to have efficient programs in place to prevent it.

Fox: Stimulus money meant to help 400 Detroit job-seekers reportedly helped 2
A chunk of an $11 million stimulus grant meant to provide low-income Detroit residents with clothing for job interviews reportedly aided just two people -- far short of the 400 job-seekers the money was meant to help.

The findings were part of a new audit on the city's Department of Human Services, according to The Detroit News.

The 2009 grant in question was used to start a service center -- which included among other features a call center for families in need and a clothing boutique.

However, the audit reportedly found the department did not safeguard the funding for that boutique, which was run by a contractor. According to the report, the contractor advanced nearly $150,000 to a city clothing store without involving the city government.

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