A bill was introduced in The House of Representatives on March 23rd 2009, that would establish a new national "green bank". This bill is sponsored by Democrat Rep. Christopher Van Hollen of Maryland and co-sponsored by four other democrats.
This bank would essentially be run by Tim Geithner and the treasury department and wholly owned by the United States of America. The purpose of this bank is to establish guaranteed funding for research and development of renewable energy. You can see the full text of the bill at opencongress.org.
Sounds like just the thing we need. It has been proven to the American people time and time again in recent months that the treasury department can do nothing right. But now we want to take "green energy" out of the private sector and fund it through bloated bureaucratic agencies.
This bill has not yet been voted on. Contact your representative and let them know your opinion.
Nothing in this bill takes "green energy" out of the private sector. There's nothing that would prevent the private sector from investing in this technology to the extent that it wants to. We have a postal system, but that doesn't stop us from having FedEx, too. We have public roads, but that doesn't stop us from having private roads, too. I could go on, but I think that you know there are plenty of examples like this that one could name.
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