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Is this a good example of how your money was wasted in the stimulus?

Asked by ETpro (34605points) March 5th, 2010

We all know the stimulus somehow spent 700 billion dollars without even creating one job. Fox News says so. If we wanted to create jobs, we should have done as Republicans suggest, and give the money to the rich, then just sit back and wait for it to trickle down. After all, US corporations have doubled their cash reserves in the last year while still laying off people, so clearly giving them more cash would have fixed everything.

Instead, our government wasted your money on cockamamie schemes like this. They gave $4 million to MIT Chemist Dan Nocera’s start up company to prefect a photosynthesis process that converts an ordinary bottle of drinking water into enough pure hydrogen and oxygen to power a typical home. All it takes to make it work is sunlight, thanks to the special cobalt-based catalyst, the device can power a fuel cell or the hydrogen can be converted into liquid fuel, generating about 30 kilowatt hours from a bottle of water. You don’t need pure water. Plain old mud puddle water will do. And the system is cheap to build.

We could have let the Chinese think of this, but no, your money had to be wasted trying to kill the oil and coal industries that are so good for America. When will the stupid gubment learn?

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