Obama: $2 billion for solar power industry, jobs

Now this is more like it. The Obama administration should be trailblazing an epic New Deal inspired storm of massive investments into the green economy, which will one day finally hammer the last nail in the coffin of the oil and fossil fuel industry. This is definitely a step in the right direction, but it is not enough. Just imagine what could have been accomplished if trillions of dollars weren't wasted on the epic boondoggles of the illegal invasion and occupation of Iraq, and the endless Afghanistan war. Georgia Republican Senator Saxby Chambliss, quoted in the story, completely ignores the eight years of reckless spending of the Bush administration and the previous Republican Congress, who acted as a rubber stamp for Bush to pass his irresponsible trillion dollar tax cuts for rich people, deregulation measures et al which led to the economic collapse. Anyways, from the Associated Press:

Washington — The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources.

Obama announced the initiative in his weekly radio and online address Saturday, saying the money is part of his plan to bring new industries to the U.S.

"We're going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America," Obama said.

The two companies that will receive the money from the president's $862 billion economic stimulus are Abengoa Solar, which will build one of the world's largest solar plants in Arizona, creating 1,600 construction jobs; and Abound Solar Manufacturing, which is building plants in Colorado and Indiana. The Obama administration says those projects will create more than 2,000 construction jobs and 1,500 permanent jobs.

Obama's announcement came a day after the Labor Department reported that employers slashed payrolls last month for the first time in six months, driven by the expected end of 225,000 temporary census jobs. Meanwhile, private-sector hiring rose by 83,000 workers.

The unemployment rate dropped to 9.5 percent.

Obama said that while it may take years to bring back all the jobs lost during the recession, the economy is moving in a positive direction. He placed some of the blame for the slow pace of recovery on Republicans, saying GOP lawmakers, "are playing the same old Washington games and using their power to hold this relief hostage."

Obama has said that to bring the nation's economy back from the brink of a depression, it was necessary to add to the country's debt in the short term.

Republicans have tried to capitalize on that growing sum. Georgia Sen. Saxby Chambliss said in the Republican's weekly address that the country's $13 trillion debt is a national security issue that will leave the U.S. vulnerable and force future generations to "pay higher taxes to foot the bill for Democrats' out-of-control spending."

Abengoa Solar: http://www.abengoasolar.com

Abound Solar Manufacturing: http://abound.com/