This is a tiny step in the right direction. Wind, tidal, thermal, geothermal, biomass, hydro power generation should be the technology America invests in as opposed to giving massive oil companies huge subsidies. Does anyone see the irony here? The most profitable companies on the planet receiving welfare payouts? Nuclear would be alright but is so dam expensive and waste storage becomes a cumulative problem over time.
Invest in technologies for instance Osmotic power
Investment should be put in advancement of electric car support infrastructure. Some tax breaks for people who would use American made solar panels in conjunction with wind power..Even burning coal at a power plant produces much less Co2 in electric cars then cars burning straight petroleum. American car companies should be all over the electric car. The technology for having and using electric cars has been available for over 10 years now but big oil shut it down.
Who Killed the Electric Car? - Wikipedia, the free encyclopedia
America needs to manufacture and export. Endless service low paying service industry jobs don't produce much financial revenues from income tax of course they pay more then their fair share on sales tax etc. Green technology, biotech, nanotech need to be capitalised on in some way America has to make use of the knowledge edge they have to create well paying manufacturing jobs .. for export. Otherwise America.. the captain of capitalism will fail. Since we cannot compete with our Chinese economic slaves. (work for approx $100 US a month.. in a "good job") Globalism at it's finest.
America has been languishing in this department for years. Take a look at Europe’s plan for sustainable energy.
So yes this is a good move by this administration.. but it isn't near enough. Imagine the jobs that could be created from developing a massive new energy infrastructure that will help America slow oil consumption by 20,680,000 bbl/day (2007 a full 24%). No worries about having insane ecological disasters like we are seeing in the gulf. No more pandering to big oil companies or electing big oil advocates into the president/vice presidents offices. America needs to produce long lasting jobs to get through this recession.
It is painfully apparent that the private enterprise doesn’t have faith in the current American recovery plan, else they would be highering Americans to work instead of investing money in foreign markets and creating products to sell to Americans. Laissez faire capitalism in its shining glory will cloud over for America if you cannot compete.
It is due time to invest in new technologies to export or you can just keep languishing until your state is completely bankrupt from indirectly financing manufactured goods in third world economies and buying them as imports. American middle class is being completely wiped out and the only people really benefiting financially speaking are the wealthy who actually do nothing but act as parasites in the imported slave labour manufacturing market.
Get manufacturing working again.
