Comments on: Clean Energy Economy Gets $2 Billion More from President Obama

By: Zachary Shahan

Zachary Shahan — Mon, 05 Jul 2010 10:39:09 +0000

Yes, I agree that we should be looking to get out of Afghanistan as soon as possible, but I think getting out of this war is a lot more difficult than getting into it was. I hope he will get us out of there soon but it is not as simple as turning a switch at this point.

As far as general spending & economic health, I think this is a good graph to take a look at: http://www.talkingpointsmemo.com/documents/2010/02/house-speaker-nancy-pelosi-compares-job-losses-under-presidents-obama-and-bush.php?page=1

By: Karl

Karl — Sun, 04 Jul 2010 20:14:50 +0000

Considering the huge amount of money we export for our energy needs on an annual basis and the fact that this is actually keeping people employed this is a great use of money. This is a long term investment that will make more money than it loses. All of you people that think this is a waste of money ( and were silent about 2 expensive wars) should really look carefully at the numbers b/c then you just might see that we will be much better off economically in 10-15 years than if we pass up opportunities like this. As an example, we export roughly $400 billion overseas per year. Over ten years that is 4 trillion ( not including inflation and a rise in oil price). You’re telling me we can’t afford a few billion to help move things in the right direction? Get with it and stop thinking short term and look at the big picture.

By: Sven

Sven — Sun, 04 Jul 2010 19:10:29 +0000

There is no doubt Bush increased the debt tremendously. But frankly, he hasn’t been president for quite a while now. The stupid wars Bush started are amazingly still being waged and President Obama is not doing anything differently, except perhaps spending even more than Bush somehow. I assure you spending like this will end up badly.

By: Zachary Shahan

Zachary Shahan — Sun, 04 Jul 2010 09:46:01 +0000

Economics 101 these days would be cutting subsidies to fossil fuels, and maybe transferring some of those to clean energy. Wind is not going to do it alone and there are many special advantages to solar. As Susan wrote earlier this week, Obama is moving on cutting fossil fuel subsidies and persuading other major countries to do so as well: http://cleantechnica.com/2010/06/30/obama-gets-g-20-to-end-558-billion-in-fossil-fuel-subsidies/ He (or his administration) is also doing a good job of helping clean energy get to the place it needs to be, something definitely worthwhile for national security, the economy, and a high quality of life.

By: Zachary Shahan

Zachary Shahan — Sun, 04 Jul 2010 09:40:52 +0000

yes, we are in tremendous debt, and it is because of Bush’s 8-year run. Obama’s efforts to re-stimulate the economy are going well, but it is no small well we are sitting in right now.

By: Zachary Shahan

Zachary Shahan — Sun, 04 Jul 2010 09:38:14 +0000

Sven, investment in the clean energy sector is creating jobs and creating money in the long-term. If you look beyond a window of a few months, you can see that this is bringing money into the US.

By: Sven

Sven — Sat, 03 Jul 2010 23:32:17 +0000

This is so awesome. The government using money they don’t have to help clean energy. I’m like so excited.

By: dc2ndtest

dc2ndtest — Sat, 03 Jul 2010 22:16:32 +0000

Wat to go Mr. President. Without targeted spending like this, we will be trapped by the status quo special interests and subject to the dlationary spiral down/job losses the Senator from South Carolina has always wished for in order to punish the nation for your election.

Even the chairman of the Fed has warned against reductions in stimulus spending at this time. With our 10 year treasuries trading below a yield of 3%, there is no issue of market concern for default risk and, as Erin pointed oiut on Squak Box lasst week, interest costs to service our present outstanding treasury debt IS LESS THAN THE AMOUNT REQUIRED TO SERVICE THE HIGHEST DEBT LEVEL DURING THE CLINTON AMINISTRATIONS.

By: American Truth

American Truth — Sat, 03 Jul 2010 22:12:30 +0000

Great investigative reporting – NOT. Check the cost of solar vs. utility scale clean wind power and you will see that this was a 2 billion grandstand. Oh, and as for the last paragraph: Keep drinking the Kool-Aid.

Obamao will soon see that America wants clean energy, but understands economics 101. We promise a November to Remember.

By: ArcticFireGuy

ArcticFireGuy — Sat, 03 Jul 2010 19:47:41 +0000

Why not..? We have nothing but money! Although I haven’t quite figured out how you can improve the economy by taking money from the people via taxes… then give it to a corporation… who will then employ the people from whom the taxes were taken.. and pay them with the money that was taken from them in taxes.

But then I didn’t really understand how giving AGI all of that money helped the economy either. But Golly, things have sure gotten a lot better since all of that TARP money got spent. Thank goodness Obama is President!

Even if I don’t really understand why thats a “good” thing… I mean, it must be good right?