Department of Energy's Billion Dollar Babies

The Department of Energy is at it again. They just approved another billion dollar boondoggle to shady green energy companies:

Update: The Energy Department on Wednesday approved federal loan guarantees for two green energy projects totaling more than $1 billion. It approved $337 million for a Mesquite Solar project in Arizona and $737 million for a Solar Reserve project in Nevada. The projects would create a total of 52-55 permanent jobs, according to earlier DOE figures and company statements. That's about $20 million per permanent job.

$20 million per job! This is an outrage. The DOE throws money around as if it grows on trees. They obviously have no regard for taxpayer largess. After all, they didn’t work for that money.

And here is a tribute to those billion dollar babies. Soon to be trillion dollar babies:



Source: http://www.investors.com/NewsAndAnalysis/Article/586155/201109271759/DOE-Mulls-Loans-For-Green-Projects-At-23-Mil-Per-Job.aspx?src=IBDDAE