Obama has jumped on the Al Gore bandwagon, his plan financially destructive. Does he realize the cost on the average American to accomplish this goal. There is the basic financial burden to purchase for your home the new equipment to become energy efficient. The second burden falls on the tax payers to finance the governments conversion. The third burden falls upon the consumer when companies raise their prices to compensate for the higher tax they will need to pay. And for what? Is there any proof that this will change global warming? No.
He, and most of the liberal left, is asking for companies to commit suicide by financing their demise. What do they think the new companies will do when they have the market share? They will increase prices. Even now, to purchase a hybrid car is not cost effective. To by the standard gas version is far cheaper, and no the tax benefit does not make up the difference.
Hey I have a novel idea, why not try to develope technology to clean the air of pollutants, this approach would solve the global warming problem, allow a longer transition to cleaner fuels, relieve the financial burden on the average person.
Nano technology is remarkable powerful, get those little guys to fix the problem instead of the bandaid fix the liberals want to execute on each of us.
On energy, Obama proposed using $150 billion from the sale of allowances to stimulate climate-friendly energy and economic development. Included would be developing the next generation of biofuels and fuel delivery infrastructure, accelerating commercial production of plug-in hybrid vehicles, promoting larger-scale renewable energy projects and low-emission coal plants, and making the electricity grid digital.
He also called for making government, businesses and homes 50 percent more energy efficient by 2030, with all federal government buildings carbon neutral by 2025. Incandescent light bulbs would be phased out by 2014, a measure Obama estimates would save consumers $6 billion a year on their electric bills.