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$100 billion could yield 2 million “green” jobs

Posted by keelynet on September 16, 2008

Politicians need to be pressured to quit pissing away all that (OUR) money overseas when so much good could be done at home. It is pathetic with the economic bailouts and failures when we are HEMORRAGHING MONEY in Iraq, Afghanistan and overseas….stop it ASAP and fix this country!

“From the point of view of the steelworkers union, the view is quite simple, that a energy efficient green economy creates jobs and it can create jobs in America,” said Leo Gerard, international president of the United Steelworkers. He said the U.S. move toward wind power has already prompted the reopening of two struggling steel mills, now making steel plate for use in new windmills. Beyond that, the retrofitting of old, energy-inefficient buildings would create jobs for steelworkers, glassmakers and those who manufacture heating and cooling systems, Gerard said in a telephone briefing. John Podesta, president of the think tank and a former Clinton administration official, said $50 billion of the investment would be tax credits to help private businesses and homeowners pay to make their buildings more energy efficient; $46 billion would be in the form of direct government spending on retrofitting buildings, expanding mass transit and freight rail, making “smart” electrical grids and new investment in renewable energy; and $4 billion in federal loan guarantees. To put the amount in perspective, Podesta said the April 2008 stimulus program cost $168 billion. Many of the new jobs would be in construction, where some 800,000 jobs have been lost in the last two years, according to Robert Pollin of the Political Economy Research Institute at the University of Massachusetts-Amherst.” – Source

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