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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1035)	7/28/2010 5:52:58 PM
From: tejek	1 Recommendation Read Replies (2) \| Respond to of 1428

Show me where any of those technologies produce productivity increases over the use of current technology (no matter how "dirty" it might be). The money would be better spent on increasing the number of BASELOAD energy producing technologies like Nuclear, Geo-Thermal, and maybe ocean wave. Obama is pushing almost all altern. energy sources including nukes. Wind and Solar are only effective when conditions are right (wind blowing and sun shining). That's no way to grow an economy. That's why Obama is pushing all possible energy sources. We can't rely on just one or two going forward. BTW solar and wind energy production is pretty predictable in certain parts of the country......ie. solar in S. CA and wind in West TX. As for electric cars, when you have to replace a $15K Li-Ion battery pack every 6-8 years, you're going to yearn for the time when you could pay just a bit more for a car that would last you over 10 years. Do you think that the first cars with internal combustion engines were the BMW 7 series? Seriously. The first cars were the Model T........crap compared to the current car sold in the market. We have to start somewhere when it comes to electric cars. And the first electric cars are a gazillion times better than the Model T. When I see Ultra-Capacitors become mainstream THEN we can talk about productivity enhancements. But the reality is that most of that stimulus money went to the states to replenish their bankrupt unemployment funds. What would have been the result had the government told "Main Street" that they could take a nifty tax credit for retaining, hiring, and retraining workers and used that money to fund it? That money went directly into the economy as people bought things to stay alive. You couldn't put all of it in growth industries. That would have been suicidal. Now we're calling outright welfare "extended unemployment benefits" and there is no direct ROI to the taxpayer from that. Of course, Pelosi tells everyone that welfare.. err Ex Unemployment Benefits, is the fastest way to create jobs. Every dollar spent on unemployment benefits goes back into the economy and acts as a stimulus. Stop being a Republican capitalist and think outside the box.