Obviously not all projects that obtain federal grants are bad and while I have never penciled out a nuclear plant for profitability, I would think one would break even long before a wind farm since they produce way more power.

Now, down here in University Place, the genius's decided to build a "Town Center" which was going to house light commercial, condos and a library along with a WSU satelite college. The city then got the bright idea to build a parking garage and got federal grants to pay for it, telling us that all was good because it was federal money that they used for the garage. As long as no one figures out where federal money comes from then its great. Unfortunately, the city fired 4 developers and is now heavily leveraged and cannot finish their project. But we have a parking garage all by itself and its okay because they got federal grant money for it.