NEWS: Obama's Green Economy
by Ken Silverstein, EnergyBiz Insider, Editor-in-Chief
Dec 23, 2008
Is it a bail-out or a build-up? That's the question being put to federal lawmakers right now as they try to grapple with the nation's economic woes and with how to allocate its depleting resources.
President-elect Barack Obama says that while his administration will insist on financial prudence, it must address the current recession head-on. In January, he is expected to introduce an economic stimulus package that is reported to be in the US $500 billion range. An estimated US $15 billion would be targeted toward green energy initiatives to create or preserve millions of jobs.