Proof stimulus worked; it got these screwball projects going

The Obama administration has credited its $862 billion stimulus program with pulling the economy out of the worst recession since the Great Depression. But a new report by two Republican senators argues the stimulus is riddled with wasteful projects that do not create jobs.

Republican senators highlight 100 projects that they say waste taxpayer dollars.The report, released by Sens. Tom Coburn, R-Okla., and John McCain, R-Ariz., highlights 100 stimulus projects that they say have "questionable goals," are "being mismanaged or were poorly planned" and are even "costing jobs and hurting small businesses."

The Coburn-McCain report takes issue with stimulus spending on projects like one that entailed research on how cocaine affects monkeys. The Wake Forest University Baptist Medical Center was awarded $71,623 to study what the report calls, "Monkeys Getting High for Science."

Bonnie Davis, a spokeswoman for The Wake Forest University Baptist Medical Center, said the "small grant has helped protect very important research that will have significant impact on public health in regards to cocaine addiction and the issue of relapse."

Go a little further down the list and you'll find even bigger spending. The California Academy of Sciences is receiving nearly $1 million in stimulus funds to send researchers to the Southwest Indian Ocean Islands and East Africa to capture, photograph and analyze thousands of exotic ants.

There's also funding for yoga and hot flashes. Researchers at Wake Forest University have received nearly $300,000 to study whether integral yoga "can be an effective method to reduce the frequency and/or severity of hot flashes" in breast cancer survivors.

"I think all of them are waste," McCain told ABC News. "I think none of them really have any meaningful impact on creating jobs. And, of course, some are more egregious than others but all of them are terrible."

In perhaps the most eye-popping instance, the report says oil giant BP, the company behind the worst oil spill in the nation's history, is benefiting from $308 million given to Hydrogen Energy California -- a company it owns -- to build a California power plant that won't even break ground for another two years.

The funds were given to BP by the Department of Energy. While the natural gas electricity plant in Kern County would generate enough low-carbon electricity for 150,000 family homes, according to the company, construction will not start for another two years and the plant is not set to become operational until the end of 2014.

"It's nice to have BP investing in environmentally friendly anything, much less a power plant," McCain quipped.

For a look at the 100 worst stimulus projects, go here: http://coburn.senate.gov/public//index.cfm?a=Files.Serve&File_id=e1e0624e-d02a-42d4-9dbb-f5b9f21b3572