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the stimulus pill, with bill, with huge subsidies and these are not, if you are concerned about global warming, because wind power and solar power are not a steady form of electricity, you need coal burn ing fireplants as a backup. so they are not official. neil: and the hybrid cars you plug it in and it take as lot of electricity. guest: and the obama administration wants to subsidize the trance pigs line transmission line and this is hundreds of miles offshore so to build the transmission line to bring them online is expensive. that is subsidized. neil: what hurt the technologies is what is first, the cart or the horse? can you have people look as this as being appealing? if wind was appealing people would have run to these a long
2009, the under pinnings of the stimulus pill. go to appendix 1. it has a chart. it says for every dollar spent $1.55 economic growth for each of the next 10 years on average that says we can spend our way to prosper no country in the history of the world has succeeded at that. most stimulus bills, properly designed is lucky to provide 80 cents in economic growth for every dollar of expenditure under the bill that is not the view of the people who wrote this bill. they thought they could create prosperity out of nothing. this bill was poorly designed. it didn t aim at job creation. it just spent money willy-nilly. the president said i will take 6 50 to 750 but up to 850. maybe a couple hundred billion dollars of what he wanted and left the rest up to congressman of wisconsin.
2009, the under pinnings of the stimulus pill. go to appendix 1. it has a chart. it says for every dollar spent $1.55 economic growth for each of the next 10 years on average that says we can spend our way to prosper no country in the history of the world has succeeded at that. most stimulus bills, properly designed is lucky to provide 80 cents in economic growth for every dollar of expenditure under the bill that is not the view of the people who wrote this bill. they thought they could create prosperity out of nothing. this bill was poorly designed. it didn t aim at job creation. it just spent money willy-nilly. the president said i will take 6 50 to 750 but up to 850. maybe a couple hundred billion dollars of what he wanted and left the rest up to congressman of wisconsin. who took every bad spending
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