High, persistent unemployment and a sluggish economy underscore what all but the most-dedicated supporters of Barack Obama know to be true: The president’s 2009 stimulus program was a massively expensive bust.

Understanding why the stimulus failed is an important step in understanding how the government can—and cannot—goose economic recovery. To get a better sense of how and where the stimulus went wrong, Reason.tv focused on Silver Spring, Maryland, a suburb of Washington, D.C., that’s home to a large number of government contractors and other recipients of money earmarked for the sorts of “shovel ready” projects that were going to bring the economy back to life.

President Obama’s top economic advisor Larry Summers laid out ground rules for how stimulus dollars should be spent: The funds must be ”targeted” at resources idled by the recession, the interventions must be ”temporary,” and they needed to “timely,” or injected quickly into the economy.

None of that turned out to be true. “Even if you were to believe that government spending can trigger economic growth,” says Veronique de Rugy, Reason columnist and senior research fellow at the Mercatus Center, “the money is never spent in a way that’s consistent with the conditions laid out by the Keynesians for it to be efficient.”

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ShoreBank’s connections to the White House and Capitol Hill, as well as to the green jobs movement, have been documented here at BigGovernment.com. Yesterday, Angela Caputo of Chicago Now revealed that the “community development” bank became a predatory lender in African-American and Hispanic communities when it ran short of cash.

New video evidence (after the jump) reveals that Rep. Jan Schakowsky promoted ShoreBank to consumers in January 2010, even as she was trying to get taxpayers to bail it out.

And the recent mob protests of the SEIU, also exposed at BigGovernment.com, illuminate another aspect of the scandal: the use of intimidation and even illegal tactics to force Americans to comply with the corrupt self-dealing of the Obama administration–before it even took office.

SEIU rallies workers at illegal Republic Windows strike, Dec. 2008

ShoreBank is about to receive $75 million in federal taxpayers’ money for a bailout that has become the prime example of “crony socialism” under the Obama administration. It is not the first federal money ShoreBank has received. In May 2009, it was awarded $35 million in stimulus credits for “green projects” in Chicago, Detroit, and Cleveland. The grant was part of Van Jones’s “green jobs” push, with a focus on home weatherization.

President Barack Obama was so enthusiastic about weatherization that he made it the centerpiece of his jobs program, prompting a nonplussed Jon Stewart to comment on the Daily Show: “These ideas sound like the people we got tired of.” President Obama and Vice-President Joe Biden praised one company in particular, Serious Materials, which was the only “green” window company to receive tax credits in the stimulus bill.

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Tens of thousands of TSA screeners to receive government bonuses, including millions of dollars paid to more than 10,000 who have been rated poorly

Government bailout watch: Despite receiving $5.5 billion in stimulus funds, Government Services Administration’s backlog of deferred maintenance projects now totals $8.8 billion and the agency is proposing billions of dollars in new projects

As stimulus money doubles Wisconsin’s weatherization budget, a review finds weatherization work done on hundreds of low-income homes failed to meet federal standards; Inspectors found projects done in a way that could threaten the safety of residents or did not save enough energy

Stimulus funds pay to replace “unattractive” streetlights; The new lights “aren’t especially energy-efficient, and the old ones work”

Federal Reserve tries theater ads to improve its image

Las Vegas’ $4.1 million housing plan built on federal stimulus money stalled over squabbles about how to hand out the money and to whom

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