stimulus

Wed, 2009-01-28 00:18Jeremy Jacquot
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Conservatives Launch All-Out War on Obama's Green Policies

For all the florid talk of bipartisanship, Congress has precious little to show for its efforts. It has only been a little over a week since President Obama was inaugurated, and, despite promising to work hand in hand with the new administration and Democratic majorities, the GOP and its ideological allies are already back to their old obstructionist ways.

Case in point: the much ballyhooed $825 billion stimulus package – i.e. the American Recovery and Reinvestment Bill of 2009 – that the president has made a top priority.

Thu, 2009-01-22 19:10Jeremy Jacquot
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Obama's Green Stimulus: Big Enough to Do the Trick?

Just how ambitious will Barack Obama’s clean energy package be? During the campaign, he pledged to invest $150 billion in new projects over the next decade and create 5 million well-paying green-collar jobs.

While there was some trepidation about whether Obama, facing an ever-worsening economic crisis, would keep his word, the release of the long-awaited $825 billion American Recovery and Reinvestment Bill of 2009 last week seems to have quelled most doubts.

To no one’s surprise, a large chunk of the stimulus – over $90 billion – will go to funding “shovel-ready” transportation and public infrastructure projects.

Thirty-two billion dollars will be used to create a “smart electricity grid” to cut waste, and over $20 billion will be devoted to renewable energy tax cuts and credits for research and development on energy efficiency and energy conservation.

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