1. $1.5 million in “free” stimulus money for a new wastewater treatment plant results in higher utility costs for residents of Perkins, Oklahoma.

2. $1 billion for FutureGen in Mattoon, Illinois is the “biggest earmark of all time” for a power plant that may never work.

3. $15 million for “shovel-ready” repairs to little-used bridges in rural Wisconsin are given priority over widely used bridges that are structurally deficient.

4. $800,000 for little-used John Murtha Airport in Johnstown, Pennsylvania airport to repave a back-up runway; the ‘Airport for Nobody’ Has Already Received Tens of Millions in Taxpayer dollars.

5. $3.4 million for a wildlife “eco-passage” in Florida to take animals safely under a busy roadway.

6. Nevada non-profit gets $2 million weatherization contract after recently being fired for same type of work.

7. $1.15 million for installation of a new guard rail for the non-existent Optima Lake in Oklahoma.

8. Nearly $10 million to renovate an abandoned train station that hasn’t been used in 30 years.

9. 10,000 dead people get stimulus checks, but the Social Security Administration blames a tough deadline.

10. Town of Union, New York, encouraged to spend a $578,000 grant it did not request for a homelessness problem it claims it does not have.

Forget Halliburton, Enron, etc. — AIG is the metaphor of our new century. Let’s get this straight: Our president takes over $100,000 from AIG in campaign donations. Then he signs into legislation a bill crafted by his own party, with input from his own Treasury secretary, giving mega-bonuses to the execs of this bankrupt, federally bailed-out company — and then goes on the stump to trash the culture of Wall Street as typified by . . . AIG, of course.

Read the whole thing here.

CEI’s Hans Bader suggests there is an eerie parallel between current and proposed policies and a Depression-era President:

In the Great Depression, President Herbert Hoover raised marginal tax rates to 63%, and went on a deficit spending binge. He also signed the Smoot-Hawley tariff, which helped turn a recession into the Great Depression by triggering a trade war with other countries.

Under President Obama, we have a budding trade war with Mexico over the exclusion of Mexican trucks (in violation of NAFTA), a proposed budget that will explode the deficit and increase marginal tax rates, and new legislation to tax bonuses at AIG and other companies at 90 percent (which could actually cause some folks to receive negative pay).  And, to top it off, the Administration is suggesting it wants to regulate executive compensation across the board.

Helicopter Ben Bernanke’s Federal Reserve is dropping trillions of fresh paper dollars on the world economy, the President of the United States is cracking jokes on late night comedy shows, his energy minister is threatening a trade war over carbon emissions, his treasury secretary is dithering over a banking reform program amid rising concerns over his competence and a monumentally dysfunctional U.S. Congress is launching another public jihad against corporations and bankers.

As an aghast world — from China to Chicago and Chihuahua — watches, the circus-like U.S. political system seems to be declining into near chaos. Through it all, stock and financial markets are paralyzed. The more the policy regime does, the worse the outlook gets. The multi-ringed spectacle raises a disturbing question in many minds: Is this the end of America?

Numerous commentators, including me, have pointed to this never-waste-a-crisis mantra as evidence that Obama’s budget priorities are a great ideological bait-and-switch. He says he wants to fix the financial crisis, but he’s focusing on selling his longstanding liberal agenda on health care, energy, and education as the way to do it, even though his proposals have absolutely nothing to do with addressing the housing and toxic-debt problems that are the direct causes of our predicament. Indeed, some — particularly on Wall Street — would argue that his policies are making the crisis worse.