NOT GUILTY!
Posted on 04/08/2009 12:26:27 PM PDT by bs9021
How Green Was My Forecast
by: Heather Latham, April 08, 2009
What does John Podesta, CEO and President of the Center for American Progress (CAP) , think will best stimulate the economy? “[T]he transformation of our outdated energy infrastructure to new platforms of efficiency and reduce carbon emissions represents the great potential engine for economic recovery, for job growth, for innovation, and for long-term sustainable growth for our economy.” He argued at the CAP event on April 1st that “President Obama and our congressional leaders recognized this nexus when they included in the stimulus package an unprecedented $90 billion of investments in clean energy programs including $17 billion in spending and loan guarantees for smart grid technology, utility scale renewable energy generation, and thousands of miles of new transmission lines to bring these clean electrons to market.”
Furthermore, Podesta said, “Investments in low carbon infrastructure have…greater net benefits than alternative strategies for economic stimulus because they boast high domestic content, are skill and labor intensive, have a large employment multiplier effect, and create good local jobs that can’t be outsourced.” But that’s not all. Because nobody in the private sector wants to spend their own money on this expensive research, the American taxpayers get to pay them to.: “Moreover, a good mix of direct spending, tax breaks, loan guarantees, and matching funds will help attract additional private investment at a time, obviously, when credit is tight. The influx of stimulus money to help transform and rebuild the electricity grid is a solid down payment on the transition to a low-carbon economy.” Apparently, this will be great for the economy and job creation—and for whomever is doing the research.
Where do we sign up? Senate Majority Leader Harry Reid already has....
(Excerpt) Read more at campusreportonline.net ...
NOT GUILTY!
well, once they ban coal you will need to hire a lot of people to run in those gerbil wheels.....
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