Sunday, October 24, 2010

"green energy" industries and creating "green jobs"

One and all can point to the reasons for, think ronnynomics and the total lack of private investments from that failed con job called the new 'c'apitalism that hasn't produced in the thirty odd years since implementation, just as it was forecast would not! One of the reasons it lasted this long is the ever changing schemes on credit as that hole got deeper! One of the reasons the economy didn't completely collapse is the Stimulus, our federal monies invested and thus will create savings plus!

Clean energy industry looks ahead


October 24, 2010 - The billions in federal stimulus dollars spent on expanding "green energy" industries and creating "green jobs" have provided a lifeline for U.S. wind and solar companies, but renewable-energy executives are worried that the future will not be as promising.

President Obama frequently points to these wave-of-the-future jobs as one of the substantial achievements of his administration, and wind and solar executives say that the economic stimulus bill turned 2009 into a banner year instead of a catastrophic one for their businesses.

But limited funding in one area, a slow ramp-up in another, prolonged negotiations over loan guarantees and the continuing economic slump have made it difficult for the industry to make the kind of progress Obama and many others had hoped for and imagined. As a result, the president does not appear to have gotten much political credit for new green jobs, despite his many visits to battery, solar and wind facilities aided by the stimulus package.

Adding to the uncertainty, industry officials say their businesses could contract sharply unless a key tax subsidy, set to expire at the end of the year, is extended. {read rest}

Last thing needed are tax cuts that won't be invested as they aren't now, tax cuts have never created jobs nor advancement in ingenuity!!

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