US Stimulus Bill Hasn’t Sparked Industry
> > >WASHINGTON -(Dow Jones)- Despite plowing billions of taxpayer dollars into the ailing U.S. renewable industry, there’s been little sign of new life in the sector, says the head of one of the largest manufacturers in the business.
And without a federal mandate requiring an increasing percentage of electricity to come from renewable sources such as wind and solar power, the U.S. industry is likely to remain in a funk for at least another year. said Randy Zwirn, Siemens Energy.< < <
EXCUSE ME!
Come on folks, the last thing we need is more mandates. It is time for the Government to get out of the way and let private industry drive this bus. President Barack Obama signed into law a nearly $800 billion economic stimulus package, right or wrong it’s law now. That stimulus package contains nearly $15 billion in tax credits for the renewable industry, and tens of billions of dollars in grants, loans and loan guarantees.
The article mentioned above goes on to state that although there are billions of dollars in renewable energy production tax credits available, many of the biggest financiers have limited tax liabilities in the current economic woes to offset and can’t or haven’t stepped up to take advantage.
Too Bad! If the big boys in private industry like Siemens and General Electric don’t reach out and grab handfuls of that cash the new breed entrepreneurs will. Individual Americans, raised with the “can do” attitude and “Christian work ethic” will step up and better ideas will come into play. The grass root movement already started to wean the United States off of fossil fuel and into renewable energy will prevail, with or without the government’s unwanted involvement.
economic stimulus package, Energy Independence, renewable sources
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