Des Moines, Iowa: Clinton proposes $50 billion energy fund

Investing in alternative energy will create new jobs in America, Democratic presidential candidate Hillary Clinton said this morning.

“We have to change our economic course just as we have to change course when it comes to Iraq and change course when it comes to health care,” Clinton said during a speech in Cedar Rapids.

Clinton is proposing a $50 billion “strategic energy fund” to pay for an energy research agency to gather experts to devise ways to to make America energy independent.

Under her plan, oil companies could choose to invest in alternative energy, or pay a portion of their earnings into the government fund.

If homeowners and businesses make their houses and offices more energy efficient, they would see tax incentives, paid for through the strategic energy fund.

Gas station owners would get a tax credit for installing E85 pumps using ethanol. The fund would loan money for the commercialization of cellulosic biofuels, and it would provide incentives for developing other new energy technologies.

Clinton said the middle class should be expanding and “getting ahead,” but the Bush administration “has failed that test,” she said.

“My administration will not,” she said.

Clinton received a warm reception from the crowd of more than 500, including about 45 blue T-shirt wearing union members from the National Association of Letter Carriers Local 373 of Cedar Rapids. The labor union has endorsed Clinton.

Clinton said she would also ensure trade laws “work for all Americans.” She would provide quality, affordable health care to every American. She would make college accessible and affordable. She would confront the growing problems in the housing market. She would bolster retirement security by promoting savings and investment. And she said she would move toward balanced budgets.

http://desmoinesregister.com/apps/pbcs.dll/article?AID=/20071008/NEWS/71008013/1001

to being energy self sufficient than we are today. All the technology we need is at hand, we just need the leadership to push for it. If you ever wondered what our country would look like if it was run be BIG OIL, this is it.

The next great job creator will be retrofitting all the dwellings and office buildings to solor energy, but it won't happen unless there's governmental help. HRC is spot on on this.

Precisely the role the Government should be playing here...as a catalyst for unleashing both the innovative and entrepreneurial spirit that exists in America...and has largely lay dormant under Bush's regime...as he pumped money into old technologies, useless destruction of the environment for 6 months of oil, and increased dependence on foreign sources of oil...at the exact time he was ratcheting up the war...

Time to prime the economic pump.

with a 10 cent a gallon gas tax for 5 years. A penny a year will generate a billion dollars. Gas goes up and down a dime over night and no one notices. This is such a doable thing, one which would offer our grnadchildren a much better future, but big oil will fight it. I'd be curious as to which of the many European solor energy corporations American oil families are investing in, because Europe is light years ahead of us on this. My Democratic representative told me in direct response to my questions concerning solar that there are now more cloudy days in Tennessee than sunny ones. Hummmmmm.........we're in a drought, today is the third straight 90 degree day in October, first time in 27 years we've seen 90 this late................perhaps it's because the most profitable time of day for TVA is mid day, which would be the exact time solor would be most productive. TVA makes money selling electricity, not buying it from potential consumers with solor panes.

spelling. sorry.

:kick:

In the middle of campaigning there.

Did I say "bold leadership"? I meant "vote buying". :eyes:

Go Hillary!
Propose how to spend us into prosperity - just like Hoover did!!
Go baby go!