Details coming out on Obama stimulus package
From the President’s radio address this morning:
The president revealed more details of his stimulus package, which he said would add more than 3,000 miles of electric lines to transport alternative energy across the country.
Obama also said the plan would save taxpayers $2 billion by making three-quarters of federal buildings more energy efficient and would “save the average working family $350 on their energy bills by weatherizing 2.5 million homes.”
The White House also released a report on the “American Recovery and Reinvestment Plan,” which calls for greater investment in Pell Grants for college students, a $2,500 college tax credit for 4 million college students and the tripling of the number of fellowships in science to help spur innovation.
I think this is brilliant.
Stimulus packages should be about investment in sustainable and renewable resources. Not gift cards or checks that help spending and increase quarterly profits and then go away. I particularly like Obama’s idea of building new electrical lines and making government buildings more efficient.
The Republicans are going to throw a fit over this, as they want more tax breaks and checks written to individuals.
