Energy Department couldn’t manage stimulus money, watchdog says

The Washington Post reports:

The federal watchdog who first raised concerns over the federal loan program used for the now-defunct solar company Solyndra is scheduled to testify on Capitol Hill Wednesday--his first appearance since the story broke.


Gregory H. Friedman is slated to tell lawmakers that the Energy Department‘s efforts to quickly distribute $35.2 billion in economic stimulus funding “was more challenging than many had originally envisioned.”

The department’s stimulus haul eclipsed its annual budget by more than $8 billion, according to prepared testimony by Friedman. He is scheduled to testify Wednesday at a House Oversight and Government Reform subcommittee hearing on the Obama administration’s efforts to promote “green jobs” and other federal funding for energy projects.

The failures of central planning.