President Barack Obama says the Energy law would not pose "untendable" problems for industries in response to criticism of the cap-and-trade system to reduce greenhouse gas emissions proposals. He tied passage of the bill to helping the country through the current financial crisis. Obama referenced California energy policies during the late 70s energy crisis. According to the president they were able to make needed reforms and have sustained growth.
President Obama pointed out "Light bulbs may not seem sexy" but 70% of our energy goes toward lighting our homes and business. Could result in enough savings to light our homes for ten months. And in the sweep around his own front door philosophy, they will change light bulbs at the White House.
We can remain the world's leading importer of oil, or become the world's exporter of green energy according to the president. The nation that leads the world in this area will be the world's leading economy. Stronger, cleaner more prosperous future is what he believes we will have with passage of the bill.
Some such as the Dallas Morning News are reporting passage in the Senate is highly unlikely. With healthcare reform, Michael Jackson, Iran rebellion on the minds of his supporters, it will be interesting to see if the pubic will push the Senate on this legislation. Also this is not an easy topic for the general topic to grasp and given the economic crisis it could be easy for big business to push hard the message that it will cost more jobs.
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