As the midterm election season approaches, new road signs are popping up everywhere – millions of dollars worth of signs touting “The American Reinvestment and Recovery Act” and reminding passers-by that the program is “Putting America Back to Work.”

However, there’s another number that caught the eye of ABC News: $10,000. That’s how much money the Washington Airports Authority tells ABC News it spent to make and install the sign – a single sign – announcing that the project is “Funded by The American Reinvestment and Recovery Act” and is “Putting America Back to Work.” The money for the sign was taken out of the budget for the runway improvement project.

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One of the interesting side effects of last year’s stimulus bill was $400 million in funding for ARPA-E, the civilian, energy-focused cousin of DARPA. And in this week’s first ever ARPA-E conference, MIT chemist Dan Nocera showed how well he put that stimulus money to use by highlighting his new photosynthetic process. Using a special catalyst, the process splits water into oxygen and hydrogen fuel efficiently enough to power a home using only sunlight and a bottle of water.

In about four hours, water treated with Nocera’s catalyst can produce 30 kilowatt-hours of energy. Moreover, the process is cheap. So cheap, in fact, that Nocera has no problem envisioning a day when each house generates its own fuel and electricity from photosynthesis.

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After resigning as president and CEO of General Motors in December, Fritz Henderson might have gone into hiding or decided to sit out the harsh Michigan winter on a Florida beach.

Instead, here he is popping up again, this time as a consultant to GM on international operations at the very fancy fee of $59,090 a month for 20 hours of work a month. That works out to almost $3,000 an hour for a CEO who was ousted after just eight months on the job.

Is this one of those phony retired CEO arrangements, where the outgoing guy gets a fancy advisory deal to pass on his accumulated knowledge and wisdom to his successor?
Is this what the tax payers get from bailing out ‘Government Motors’?

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American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial products division, the unit whose risky bets helped sink the company leading to a $180 billion government bailout, according to reports published Tuesday.

AIG agreed to cut the retention bonuses by $20 million but will still hand out $100 million Wednesday, The New York Times reported, citing people with knowledge of the negotiations.

AIG should be paying the taxpayers a bonus for having to put up with their blatant arrogance and greed.

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