Another Political Commentary

Warning:

This is a political commentary by me. If you wish to bury your head in the sand while your country takes a drastic turn, then please stop reading and close out of this blog.

As always, if you elect to read today's post and wish to comment, all comments are welcome as long as no obscenities are used.

Enter at your own risk.

As a business owner who is almost out of business, I have grown weary of the stimulus after stimulus bills that are urgent to be passed without time for anyone to read them.

Now that they have been passed, the country is being told it is going to be a long time before the economy gets better.

Our financial house is on fire, and our leaders have yet to unveil a plan to deal with the banking crisis.

The buzz words I keep hearing are "the way to make the economy stable and moving is to fund education, green technology and health care."

The list of causes of the collapse of the financial system does not include the absence of universal health care, let alone computerized medical records, nor the absence of an industry-killing cap-and-trade carbon levy, nor the lack of college graduates.

Health, education and energy are not the cause of our financial collapse and they are not the cure.

You may remember the following statement, “You never want a serious crisis to go to waste,” said Chief of Staff Rahm Emanuel. “This crisis provides the opportunity for us to do things that you could not do before.”

That said, I wonder how many of my readers have noticed this latest little jewel to be proposed.

Green Bank Act of 2009 Introduced in US House

Washington, D.C., United States [RenewableEnergyWorld.com]
U.S. Congressman Chris Van Hollen (D-MD) this week introduced the Green Bank Act of 2009.

If passed, the legislation would create the Green Bank as an independent, tax-exempt, wholly owned corporation of the United States. The Bank's mandate would be to provide a range of financing support to qualified renewable energy and energy efficiency projects within the territorial United States.

"By creating the Green Bank, we will accelerate the development, deployment and production of clean energy and energy efficiency technologies across the country."

-- Rep. Chris Van Hollen

The Green Bank Act of 2009 would provide the Green Bank with an initial capitalization of US $10 billion through the issuance of Green Bonds by the U.S. Department of Treasury, with a maximum authorized limit of $50 billion in Green Bonds outstanding at any one time.

“Energy independence is central to our security, our economy and our environment. By creating the Green Bank, we will accelerate the development, deployment and production of clean energy and energy efficiency technologies across the country,” Rep. Van Hollen said. “Last week, I introduced the National Home Energy Savings Revolving Fund Act, which will enable over one million households across the country to save money and make their homes more energy efficient. Today, with the introduction of the Green Bank Act of 2009, we are taking another step towards America’s clean energy future.”

We have embarked on the wooded path that has a slippery slope at the end.

The Government is now in the banking and automobile business. One has to wonder which businesses they have their eye on next.



Tonight is another late shift at my second job so there will be no new post tomorrow.