1) 3.4B (for smart grid) of the stimulus is 3.4B/1000B = .0034 of the stimulus, or a lot less than 1%. But enough for obama to make campaign speeches the next 3.5 years.
2) Smart meters cost America double. The money has to be matched by local utility companies raising the cost of electricity to every home in America.
3) What do you get from a few smart meters? Nothing, just tells you what time of day you had your a/c on.
4) Smart Grid Technology should have been about Transmission lines connecting into nuclear plants, wind farms, and solar farms –even though wind and solar have to be subsidized respectively 20 to 50% to be profitable.
So you have just more gov debt (taxes) and higher elec bills coming your way due to this obama biden reid pelosi bunch of marxist anti-capitalist thugs -with all of the power -passing very laws for gov control and bankrupting of America. Obama is the most energy ignorant politician in Washington.