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Awesome: DOE Has No Idea What Happened to $500,000 in Stimulus Cash

Cuban Peete Wrote: Jul 19, 2012 6:21 PM
$500,000 here half a billion there 26 billion elsewhere and after a while we're talkin' real money. [paraphrased from the late Sen. Everett Dirksen - if I'm not mistaken.]

Solyndra, Fisker... If you thought nightmare stimulus fallout couldn't get worse, you thought wrong. An audit by the Department of Energy concluded that the agency has no idea what happened to $500,000 worth of stimulus cash granted to an unnamed company. The recipient failed to keep adequate records, and so the money has basically disappeared. Half a million dollars, and nothing to show for it.

The program was given nearly $2 billion in stimulus funds "to support the construction of U.S. based battery and electric drive component manufacturing plants." As of June, DOE had "expended" about $1.2 billion of...