Last evening, Romney said that Obama spent 90 billion in clean energy, which far exceeds the amount of savings if he takes away the tax credits the oil companies get.
Looking at CNN Factcheck on this topic, Mitt was right.
The Department of Energy proudly touts that the 2009 stimulus authorized $90 billion “in government investments and tax incentives to lay the foundation for the clean energy economy of our future.”
The Space Shuttle program cost over 200 billion dollars - was it worth it? I’m not so sure.
Nevertheless, it demonstrates that investing in new technologies is always extremely expensive. However, in comparison to the space program, clean energy is so much more vital to the long term health of our economy and the planet. If the technological problems associated with making it affordable & efficient were easy to figure out - it would have been done already, but the risks are too high and private investors aren’t going to touch it. That is why we need the government investments to take the lead.
It isn’t about picking winners & losers, its about setting a course with a goal for the future of this country. The GOP doesn’t have any new ideas. They have not put forth a vision for the future that is any different than what we’ve had in the past. They would leave everything to the whims and vagrancies of market forces which focus on short term profits. They have left behind the idea of moving ahead cautiously and have adopted a nostalgia for a time that never existed and policies that failed in the past.
Newt’s “moon colony” idea was a bit corny - but at least it was a vision for the future.