Typical Government Efficiency That Isn't Particularly Efficient

Not that this is any big shock:

Yesterday President Obama annouced that he wants to invest $3.4 billion or our money through the Recovery Act to fund energy-grid modernization in the United States and reduce energy costs. According to Fox News:

The President visited DeSoto Next Generation Solar Energy center, billed as the largest solar photovoltaic center in the country. The company's 90,500 solar panels are able to generate about 42,000 megawatt hours each year, but the project cost $150 million to build and only provides power to 3000 homes, prompting critics to say the administration doesn't have an overall energy strategy.

That's $50,000 per home. So much for cost cutting. The whole story is here.

But it gets even better:

The Wall Street Journal reports:

GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money, people familiar with the matter said.

The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has received since December 2008, these people said.

For those of you keeping score at home, this would be the third time the federal government has bailed out GMAC.

This is the same federal government, of course, that is telling us that they'll put another 47 million people onto health insurance rolls without adding any new doctors, while still improving quality and cutting costs across the board.

Riiiiiight...

There's my two cents.