20 Feb '13, 8pm

How Obama Should Spend a Big Green Energy Fund

How Obama Should Spend a Big Green Energy Fund

State of the Union: Joe Biden likes the energy trust idea, John Boehner isn't so sure. The severe American recession in place when President Obama took office in 2009 allowed him to hit the ground running with stimulus funding that included billions for battery companies and clean energy. He was also able to allocate billions more to companies like Fisker and Tesla, under the $25 billion Advanced Technology Vehicles Manufacturing (ATVM) program enacted under George W. Bush. Since then, the funding largely dried up. A partisan Congress was unlikely to enact any more big green energy spending programs, and the Solyndra fiasco made the administration gun shy, in the run-up to the election, about allocating any more ATVM funds—nothing’s been given out since 2011 (when the Vehicle Production Group LLC got $50 million to build wheelchair-accessible natural gas vans). The Bully P...

Full article: http://www.plugincars.com/if-obama-gets-another-big-green...

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