Don't get me wrong, I'm sure Obama will get around to disappointing me really soon, but when you compare his first week with George Bush's last eight years, one starts to feel pretty happy.
Obama started out his week by calling up the EPA and telling them they could allow California to have stricter automobile efficiency standards than the rest of the country, if they so wished. Bush had previously made the EPA tell California it was illegal. Obama is letting the EPA make it's own decision, though it's pretty clear that they'll let California do whatever it wants.
Our new president also set a plan in motion to increase fleet-wide fuel economy to 35 MPG over the next ten years or so. This 40% increase would mean substantial decreases in greenhouse emissions, especially if coupled with second-gen biofuels. The auto industry, of course, is griping, but I think they knew it was going to happen. And, yes, I do believe that they can do it, especially since the government is planning on giving them $25 B to them make the shift.
The shift will begin in 2011, which is very soon, especially since auto companies might have been hoping for a different president to be elected. It takes a long time to re-design vehicles and it's clear that some vehicles might need to be completely eliminated before then to meet the first round of upgrades.
The stimulus package, of course, is full of good news for the clean tech industry. With proposals totaling over $150 B for renewable energy incentives to be spent over the next ten years. This includes a $10 B "venture capital fund." I don't know how I feel about the government getting in on the VC game, but at least they don't have to be too keen on exit strategies.
Of course, this is only a small part (!) of the economic stimulus plan and I have to ask...how exactly are we planning on paying for it. I believe that the renewable energy economy will more than make up for the money spent in future tax revenues. But, overall, the stimulus plan combined with already out-of-control spending is going to add up to about $2 trillion of new debt just this year. That scares me...a lot.
So while I'm excited to see Obama thinking green...I wouldn't mind if he thought about the other kind of green as well...particularly, where the heck it's going to all come from.

written by Jakob, January 30, 2009
written by Anthony, January 30, 2009
written by mike, January 30, 2009
PS I enjoy your blog...
written by Gerfen, January 30, 2009
There is the very distinct possibility of some nations (including the US) being unable to service sovereign debt. Watch the continuing shrinkage of the Chinese economy which will expose the inherent weaknesses in the Chinese banking sector (dodgy loans, corruption). When the Chinese economy goes terminal, the poop will really hit the fan.
One of the biggest mistakes the US and other countries can make right now is to retreat into isolationist and protectionist economic policies. This will only serve to further shut down international commerce.
written by Orfintain, January 30, 2009
written by Jim, January 30, 2009
written by jak, January 31, 2009
My problem isn't the cash being spent, because I think that it can more than made up for, especially when it comes to transferring over to a green economy, but if the money is spent unwisely, and if appropriate reform and re-regulation are not accomplished.
Problem is that a lot of the environmental challenges we face and will face are not easily scored on a balance sheet, and are not reflected in the costs of goods. Consider: decline in coral, which support fish and lobster, world-wide decline in fish stocks (there are no longer *any* sustainable fisheries at present level of consumption): these mean disaster for an entire industry, and I might add, a disaster for our diet and palate. But these aren't the only problems: nanoparticles from plastics can mimic sex hormones. There has been a dramatic decline in the viability of the male sex in all kinds of vertebrates: decline in number of males born, decline in sperm counts, deformities. Serious stuff, that. Global warming, of course. Warming temperatures let tree eating insects survive the winter, and are devastating forests. The tree that provides the favored wood for baseball bats may go extinct! And the timber industry will suffer too, meaning the price of paper products will go up. Not to mention losing a lot of O2 breathing green. Oh, and global sea rise are going to force a lot of people off their islands, including US citizens, and that's going to be paid for by us too. And it is very likely that a global warming refugee crisis could emerge, and large migration always brings significant instability and unrest, all of it costly. Declining unrenewable resources will spawn resource wars. Wars we cannot afford in a nuclear world. We could go on: respiratory problems caused by particulate air pollution, pharmaceuticals in our water, radioactive coal ash... all of this stuff means health costs, clean up costs, declines in productivity.
That is what needs to be avoided.
written by Franz Ferdinand, January 31, 2009
Chew on this;
Iraq war 10 billion a month X 66 months = 660 billion
Afghan war 1.5 billion a month X 84 months = 126 billion
Grand total 786 billion
than add to that over 4000 lives lost... 4000 human beings !?!
I beg of all of you guys never to make such comparisons again, we are better than that. Showing up on sites like this and furthering this, the most righteous of causes tells me that we are better than that.
written by Franz Ferdinand, January 31, 2009
as of Jan 21 - 800 billion in Iraq alone !
written by Not So Optimistic, January 31, 2009
written by Enrique, January 31, 2009
During WWII, the top 1% of all income earners paid 70% of their income in taxes to finance the war. Barack wants to end W's cut taxes. The top rate will go up from 35% to 38% and he is a call a Socialist.
The big issues are going to be on reforming Social Security and Medicared. Those are on automatic pilot and they need to mean-test it.
Remember, the Great Republican party under the guidance of George Walker Bush added $6 trillions to the National Debt in 8 years.
Republicans are one Senator. from becoming an irrevelant minority. You need 60 votes to end debate in the Senate. Democrats have 59 senators.
written by mercutiom, January 31, 2009
New energy sources, new regulations to enforce, more money going out to ensure that more money comes in in the future. And instead of getting into a war to push the U.S. over the final hurdle, he's trying to get us out of one. I'm all for it personally.
written by EV, January 31, 2009
How do we design to get people out of there cars and make higher density development more attractive and affordable?
You can't. A lot of us HATE cities. No trees, not grass, noisy, polluted and everyone is pissed off.
than add to that over 4000 lives lost... 4000 human beings !?!
WWII 405,000, Vietnam 58,000, Korea 36,500.
Remember the Great Depression? Remember how FDR got us out of it? He took us off the gold standard, spent money that didn't exist, and got people working again on bettering the country.
No. Because we didn't get out of the Great Depression until WWII. Notice how we were still in it for 10 years with no before the recovery? Although, if you want people working, I'm trying to figure out how welfare is going to do that. Why not just bring back the CCC instead?
written by beforewisdom, January 31, 2009
written by sangjmoon, January 31, 2009
written by anon, January 31, 2009
written by Jen, January 31, 2009
written by Marshall Kirkpatrick, January 31, 2009
written by KentuckyKid, January 31, 2009
written by KentuckyKid, January 31, 2009
written by Freezing in Kentucky, February 01, 2009
It was so very brave and bold of Pres. Obama to force private companies into making wondercars with a stroke of his pen. I can't wait until he signs the law forcing citizens to buy them. That is, if we have any money left over from the trillions in taxes we'll be forced to pay shortly.
I shudder to think what kind of commute I'll have with the "green" deathtraps that'll be forced out of Detroit. Well, since he'll be pouring billions into welfare there's no point in me keeping my job to find out. I'll just live off the rest of you
The U.S. had been a prosperous nation for over a century. Obama brings "change."
written by Eddy, February 01, 2009
Just as long as he doesnt spend $1 trillion on two failed wars and putting us on the forefront of hate around the world.
written by John Jones, February 01, 2009
RT
www.internet-privacy.us.tc
written by tony, February 01, 2009
If you truly love this country and a true American maybe you can look at this objectively and give him a fair chance....ITS BARELY BEEN 10 DAYS.
Obama will be scrutinised more than other president, for one because he is a black man and two because we are in the worst financial fiasco in the nations history, accelerated by the incompetence of the previous 8 years.
You just cant please everybody, impossible.
written by smalltechgeek, February 01, 2009
written by smalltechgeek, February 01, 2009
Obama will be scrutinised more than other president, for one because he is a black man and two because we are in the worst financial fiasco in the nations history, accelerated by the incompetence of the previous 8 years.
You just cant please everybody, impossible.
This house problem was created by allowing credit standards to be changed by President Clinton in 1995 to allow more people to qualify for loans for a house. Bill passed in 1995. Sometimes it takes awhile for a change to make an impact. By the way the republicans wanted to make changes in 2006 to sub prime, Frannie, and Freddie; however, the dems were in control of Congress at that time and they elected to due nothing "stay the course". The dems created this mess and will not stand up to correct the issue.
written by Joe, February 01, 2009
written by chad, February 01, 2009
http://skewedviewoftheworld.blogspot.com
written by Franz Ferdinand, February 01, 2009
1.This problem you have right now was undoubtedly caused by climate change which could be very well avoidable for future generations. Now, how much did G.Bush and rest of his party do to help those future generations? Hence in essence you are layin blame on the new president for what happened to you, but selfishly you do not feel any compassion for future generations that will have similar problems you have now.
2.Natural disasters are terrible, but in my town we lost just under 3000 people in matter of couple hours and still managed to keep a cool head. So should you. (I hope all is well in the end with you guys, sincerely)
3. It is only skin, but underneath is a human. Seriously, put your "let's think glasses" on and you will see that much better.
ps I hope third point does not apply to you
written by Franz Ferdinand, February 01, 2009
written by RichP, February 01, 2009
written by Guillaume, February 01, 2009
written by EV, February 01, 2009
written by Franz Ferdinand , February 01, 2009
EV, this is 21st century. No such comparisons apply.
Translation: F.F. wants to blow this all out of proportion compared to every other war the US has been in. F.F. also wants to claim that nothing from the past applies to the present.
written by citconcerned, February 01, 2009
Why would you post ANYTHING positive, or negative about the new President?
1. NOTHING he has done so far is positive for a "greener" world. Yeah, reduce emissions from all cars...but let's buy a bunch more for the government! Who cares, make the government walk or get taxi's! Seems to me, if they are getting around with what they have now....they don't need more! Don't dress up a negative with a positive suit and expect us to think it is a great idea!
2. Repealed ban on funding for foreign abortions: I don't care if your pro/against abortion, what freakin' good does this do for the US economy? What good does it do AT ALL? We don't have $ to put people to work, but we can send US Dollars to some other country on a controversial subject that does NO ONE any good?
3. Talking about repealing "Don't ask, Don't tell" in the military: How much do you think it is going to cost the American tax payer to retool the military infrastructure to support openly homosexual soldiers? You can't force hetero people to sleep/shower with those that aren't! New housing, plumbing, even new bases! Guess they could use some of those that they have closed....which I guess would create jobs, maybe that is a good thing? Except that we are going to have to bring back the draft to even get anyone to join that kind of military! "Don't ask, Don't tell" does exactly the right thing...let's you be you...just keep it to yourself! That is fair whether you like it or not!
4. Have you seen the bill that he is trying to push through as "Stimulus"? Seriously, go to some non-partisan gov. website and read what is in it! NOTHING! I don't care what Rush says, or Hannity, or Pelosi, or Obama! IT ISN'T STIMULUS!
Finally, and most of all: Loose your blinders people, be an American, be critical of ALL in government, whether they wear Republican, or Democrate, or Independant! Think with the mind of an AMERICAN and INSIST on REAL benefits, and not pomp and circumstance!
Bush was not better, Clinton was a disaster, Obama cannot be judged at all yet...but he sure looks like a "Party" man to me so far! I am just saying that we should make these people listen, do, say, and build the America that Americans deserve...not what their disconnected political minds think!
God Bless us All!
Oh, and keep politics, and political opinions off of a blog about saving the planet! Cause it won't be Democrats, or Republicans that get that done! IT WILL BE YOU AND ME (meaning EVERYONE on this rock we call EARTH!)!
written by Bishop, February 01, 2009
The Stimulus package trying to pass the Senate now is not what Obama wanted. That's the bill the Democrats as a whole wanted to get through. There is lots of crap in there. Obama knows this bill is not going to get through the Senate but he has to pay back his election promises by supporting this...cornucopia.
The next round or two of reworking the Stimulus package will get through the Senate. Trim the wasteful spending and apply it to tax cuts, done!
written by Michael, February 01, 2009
written by Franz Ferdinand, February 01, 2009
We (humans) have evolved enough to understand that no man should die from the hand of another, ever again. We, the U.S.A., are the pinnacle of this civilization and we must lead it into future righteously by the way of example, not by the way of gun, and especially not over the lives of our sons and daughters.
Clear enough?
written by JOE, February 02, 2009
written by Daniel, February 02, 2009
written by donna, February 02, 2009
written by Marco, February 02, 2009
Someone is getting very rich. Rich enough to influence world leaders and their decisions.
written by Musson, February 02, 2009
written by eric ritter, February 02, 2009
written by Brii, February 03, 2009
p.s. Hank, i agree that, though it is absolutely wonderful that Pres. Obama is thinking about the environment, he should think about our budget, as well.
written by S Baker, February 04, 2009
The Dumbocrats are no better or worse than anyone else, they just pretend to be. Taxes are patriotic Biden? So then get your democratic buddies to pay theirs so I can save my money to buy wind power made in the USA and not China!
written by Franz Ferdinand, February 04, 2009
written by renee, February 07, 2009
Anyway, I am NO economist and do wonder, as the last paragraph of the article asked, where is all this money coming from? If there is so much money out there somewhere, why not give it to the American people, $1 million each. WE are the ones who wil stimulate the economy! Is the President relying on the auto industry to create more jobs? Don't the people in the auto industry have enough brains to design fuel efficient cars on their own? They need a huge financial boast from the government? What the hell have the auto designers/engineers been doing all these years in their jobs? Whining about Toyota selling so many cars? I do not feel sorry for the American auto industry at all. What have they been waiting for?
The amount of the stimulus plan is staggering and quite frightning frankly. Who really will pay for this? The American taxpayer? How, is we are losing so many jobs each month?
Again, I am no economist but the reality of the financial and environmental crisis and two wars waging endlessly, is really a downer. The only hope I see is if all countries come together to create/develop/encourage/support a very viable and just plan of getting ourselves out of this enormous hole we have dug.
And how about people in the "Thrid World?" Like they aren't suffering enough and we, in the U.S. seem to have forgotten them already (Darfur/Congo, Tibet)....
I don't know anything other than the world economy is crazy. I have reduced my own debt as much as possible ($10/month water bill, eliminated $7/month cell phone insurance, eat a grain based diet for pennies a meal, don't buy junk food anymore, hardly go to movies anymore - boo hoo, etc.).
Well, here's to Obama and all the "leaders" of world, people in the "Third World," and all of you: we must stay positive, reduce, reduce, reduce, and participate in any way daily to keep our spirits up....
Cheers all - still positive in the U.S.
written by Rick, February 09, 2009
Musson, if base on what you think, then your beloved Pres.Bush, hates the race of Iraqi, or any other races in the Middle East that is related to Iraqi, he started the war there, and guess what? it is a failure, and it isn't a small contributor to this Economic depression that base on what you think, a white-hater like Obama, trying to solve.
if he was so kind like you said, he should have stopped soldiers from torturing and shooting Iraqi, it's not like all of them want to, some do, some don't. He could've stopped it, but guess what, he ignored the da*n thing, like it never happened.
written by bee, February 11, 2009
obama can't simply solve for every problem
no matter how much the press says he can
written by Jackson, September 12, 2009
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