| President Elect Obama has promised to make $150 | | | | not get the money they need. So where will the |
| billion available for renewable and alternative energy | | | | money come from? Will some of it come from the |
| over the next 10 years. A decade of government | | | | $150 billion for renewable and alternative energy |
| funding into R&D projects and innovation | | | | proposed by President Elect Obama? |
| initiatives for things like; | | | | If so, how much; will the DOE give them $5 billion for |
| Solar | | | | research and development of hybrids, and will the |
| Wind | | | | Democrats give them $35 billion more to help bring |
| Hybrid Vehicles | | | | about the future of fuel-efficient vehicles? $150 billion |
| Clean Coal Technologies | | | | over 10 years is only $15 billion per year, but the |
| Natural Gas Vehicles | | | | Democrats will spend $40 billion for the automakers |
| Ocean Waves Generation | | | | plus another $5 billion for other things that are |
| Biofuels | | | | currently on the table, they will have spent three |
| However, with such a long list it should be obvious | | | | years worth of the $150 billion within the first week |
| that $150 billion won't last long. Further, in 2008 the | | | | that Obama was elected. |
| Federal Government will have spent over $1 trillion in | | | | So, with that in mind the $150 billion being spent |
| deficit spending. This includes the $700 billion banking | | | | cannot possibly last 10 years. So much for budgeting |
| bailout, the $198 billion of deficit spending in their | | | | the Federal Government's money, which is actually |
| original budget and the money given to the US | | | | the taxpayers money. It appears that what we are |
| automakers, which are threatened with bankruptcy if | | | | witnessing is the runaway spending by the |
| they don't get some money. | | | | Democrats that will inevitably send the US economy |
| Automaker analysts and industry leaders say that | | | | into depression. |
| over 2 million jobs will be lost if the automakers do | | | | |