What with billions sitting at the top, billions held overseas in profit and dodging taxes this is the proof of the failure of the so called reaganomics capitalism that many forecast would happen as soon as it was mentioned a few decades back, and practitioners are fighting hard to maintain!
And the blocking of the only other source of funding, the peoples treasury, to advance, innovate and create the needed new growth economy is being blocked by those same practitioners as they did also some few decades back, as we fall rapidly behind the rest of the World community!
March 28, 2011 - Two-and-a-half years since the bankruptcy of Lehman Brothers Holdings Inc. sent Wall Street into a tailspin, financing for wind, solar and other clean energy projects is still hard to come by, experts say.
Deals are getting done, but not at the rate that the industry would call robust, and many project developers are still dependent on temporary government support measures.
There is growing angst over the pending end to a Department of Energy program that allows projects to claim cash grants in lieu of the tax credits that have been the mainstay of renewable-energy project financing for years. Insiders assume the production tax credits and investment tax credits will return next year, but most also agree the grants will end this Dec. 31. That raises a big question: Can projects shift from grants to credits?
"When that happens, what happens next?" {continued}
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