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Obama To Ask For $1 Billion Climate Change Fund
An anonymous reader writes "President Obama will ask Congress for a $1 billion 'Climate Resilience Fund' in his proposed budget next month. From the article: 'Obama is expected to release his proposed 2015 budget in early March. The prospects for the climate fund are uncertain in a Republican-controlled House. But Obama, who made preparation for climate change one of the major themes of the climate action plan he released in June, will continue to press for the need to adapt, according to the White House.'"
Just say No to this.
The U.S. is doing fairly well on pollution, It's the third world up-and-comers with a massive increase in their oil budgets and no, or suppressed, or wholly state-owned, watchdogs who are polluting the world.
A pork fund by any other name is still a pork fund.
For starters, just ask Solyndra for our $500 million back. Oh wait, they went bankrupt and most of it ended up in the executives' pockets and from their into your campaign fund.
Don't be fooled.
Facts, evidence, and reason are readily available anywhere you want to look for them. At this point, about the only reason you left not to be familiar with them is willful ignorance. That's the reason you'll (hopefully) get modded into oblivion, not because there's a gospel or anyone's out to get you. Try reading a book once in a while that isn't written by someone working for an oil company.
If they are proffitable, then why do they need government money?
Or is that they are not bankrupt --yet?
Good work on the list, but even then, that list is not complete. For example, it does not include Tesla, of which .5B was lent to them and since repaid. And how much of a difference has it made? Huge. They have forced all of other car makers (save nissan) to build electric cars, even though they do not want to.
I prefer the "u" in honour as it seems to be missing these days.
Remember how we were the scum of the Earth for not ratifeing the Koyoto agreement, yet we're the only country that met the emmissions target of the treaty we didn't ratify.
Apocalypse Cancelled, Sorry, No Ticket Refunds
The whole idea of the grants is to get things going. While Tesla got most of its startup funding from Musk, most high-tech companies need money from either a venture capitalist or, if seen as too risky, some sort of grant.
In general, the funded firms companies were long-shots with a very significant up-sides for the nation and the economy, and the environment if they succeeded. It was completely expected that many would fail. If the odds were not long, most of the companies would have gotten private capitalization.
And, yes, several more may yet fail, but even the failures are far from a complete write-off. Some produced some potentially useful tech that could not be monetized before the cash ran out or the value was clear enough to get private funding.
Kevin Oberman, Network Engineer, Retired