Margaret Thatcher is famous for, among other notable things, saying that "the problem with socialism is eventually you run out of other people's money." With the Federal Reserve, the Obama administration probably doesn't have to worry about that, but here's another example of the ineptness of the acting as venture capital firm.

To be fair, the Republicans also like to spend other people's money, but it usually is directed (or misdirected) to a defense contractor or oil company or ethanol subsidy, etc. And, usually the Republican's use of other people's money might generate some jobs while enriching a campaign donor while, conversely, Obama appears to only care about the campaign donors as the jobs promised from his largesse (i.e., other people's money) just dont' materialize. But hey, don't you feel good about yourself that your tax dollars are helping save the planet.
"Democracy is the theory that the common people know what they want and deserve to get it good and hard." H. L. Mencken