Thursday, July 29, 2010
Government at Work - $1.45 billion for 85 jobs?
This looks a bit shady to me.
It's a lot of money for a relative of a politician and doesn't seem likely to do all that much...
It's a lot of money for a relative of a politician and doesn't seem likely to do all that much...
I saw this on the Daily Caller website earlier this month:
"Loan guarantees, unlike outright grants, are essentially promises to pay for the debt obligation of a borrower. Because they typically do not appear in the federal budget until after the government has to pay for them, and because they often attract companies with limited assets, critics charge that the guarantees obscure risks to the taxpayer and divert funds that could have been used more efficiently.
John McCormick at the Weekly Standard asks the $2 billion question: “Why did the government decide to bet hundreds of millions of dollars [on the solar plants]?”"
