Meanwhile, back at the stimulus

Aug 27, 2010 09:16

Interesting rah-rah piece at time.com about some of the ambitions behind the American Recovery and Reinvestment Act (a.k.a. the stimulus) and how things are going.

Snippet:

'For starters, the Recovery Act is the most ambitious energy legislation in history, converting the Energy Department into the world's largest venture-capital fund. It's pouring $90 billion into clean energy, including unprecedented investments in a smart grid; energy efficiency; electric cars; renewable power from the sun, wind and earth; cleaner coal; advanced biofuels; and factories to manufacture green stuff in the U.S. The act will also triple the number of smart electric meters in our homes, quadruple the number of hybrids in the federal auto fleet and finance far-out energy research through a new government incubator modeled after the Pentagon agency that fathered the Internet.'

economics, politics

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