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public investment

Yes We Can (Have a Green Economy)…Can We?

February 25, 2009 by Dave Meyer
with 238 views
0

Two recent news items caught my eye, especially in light of the continuing meltdown of the economy and President Obama’s call to action at last night’s” not so” State of the Union address. First,  according to a recent survey (http://www.rockwellautomation.com/news/get/ManufacturingSurvey.pdf),  an overwhelming majority... [read more]

Energy Cornucopia

February 17, 2009 by Geoffrey Styles
with 74 views
3

I've just spent the last several hours scanning through the conference version of the American Recovery and Reinvestment Act of 2009, a.k.a. the "stimulus bill." This is the final version of the bill that President Obama will sign into law in Denver, Colorado, later today. Anyone who was fretting that the stimulus would not place... [read more]

Detailed Summary of Energy Investments in Stimulus

February 13, 2009 by Jesse Jenkins
with 164 views
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The American Recovery and Investment Act agreed upon by the Senate and House Conference Committee contains $57.4 billion in energy-related public spending as well as tax credits and bond provisions expected to cost $20 billion over ten years.The House of Representatives approved the conference report of the American Recovery and... [read more]

5 million green jobs update

February 13, 2009 by John Whitehead
with 92 views
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Using Romer's mulitiplier of 1.5, the almost $52 billion energy/environment stimulus will generate $78 billion in GDP. This is about 0.56% of GDP in a $14 trillion economy. Using the Romer Rule, each 1% of GDP generates 1 million jobs, the stimulus bill will generate about 557 thousand green jobs. Eight years of an Obama administration... [read more]

VIDEO: Creating Jobs in a New Energy Economy

January 30, 2009 by Jesse Jenkins
with 217 views
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The simultaneous collapse of our economic and ecological systems has created a great opportunity to support industries that at once rebuild the market and the planet, according to an article by economist Robert Pollin, "Doing Recovery Right," appearing in the latest issue of The Nation. The transition of the economy from a fossil-fuel... [read more]

Another estimate of the cost of new jobs with government spending

January 13, 2009 by John Whitehead
with 64 views
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From Krugman (Bang for the Buck):Consider an increase in government spending; assume that the interest rate is fixed (a good assumption right now, because interest rates are up against the zero lower bound). Then textbook analysis says that if the stimulus is dG, the increase in GDP is 1/(1 - c(1-t)) where c is the marginal propensity... [read more]

On Obama's Stimulus: Don't Look Back, Forge Ahead to a New Century of Prosperity

January 13, 2009 by Jesse Jenkins
with 81 views
0

By Adam Solomon Zemel. Cross-posted from the Breakthrough InstituteLast week, Obama announced his stimulus package, a plan to spend nearly 800 billion dollars on infrastructure projects, modernizing schools and health records, expanding clean energy production, providing much-needed relief for state budgets, and extending tax cuts to... [read more]