About that disappointing stimulus bill and the long term financing of progressive causes, I keep preaching about. And Obama’s doing shit for the environment.
I know President Obama is supposed to be an awful disappointment to environmentalists because he doesn’t talk enough about climate change, just like he’s an awful disappointment to progressives because he doesn’t say enough nasty things about bankers. But people who actually care about what Presidents do, as opposed to how they talk, might be interested in Obama’s trip to Michigan on Thursday. He’s visiting a factory that builds batteries for electric vehicles, a factory that exists for three reasons: 1. Because Obama saved the U.S. auto industry. 2. Because Obama has ratcheted up fuel-efficiency standards, boosting demand for green vehicles. 3. Because Obama created a U.S. advanced battery industry from scratch.
Anyway, the pathetically tiny stimulus included an unprecedented $90 billion for clean-energy investments, including unprecedented investments in wind, solar and geothermal energy, biorefineries, the smart grid, electric vehicles, and factories to manufacture all that green stuff in the U.S. The most radical investment was probably a $2.4 billion grant program that helped finance 30 factories building advanced batteries and components, including $300 million for Johnson Controls, which had to match the government dollars with private dollars.
