January 8th, 2010
03:43 PM ET
4 years ago

Obama unveils $2.3 billion for clean energy jobs

NEW YORK (CNNMoney.com) - President Obama unveiled a program Friday that will provide $2.3 billion in tax credits for the clean energy manufacturing sector, a move aimed at creating 17,000 jobs.

The funding, which comes from the $787 billion American Reinvestment and Recovery Act, has been awarded to 183 projects in 43 states, the White House announced.

"If we harness ingenuity, take the talent of our workers and innovators, and we invest in it, we'll forge a future where life is better in our country over the long run," Obama said.

The projects selected must be commissioned by February 2013, and the government expects about one-third of those will be completed this year. The program provides a 30% tax credit for those projects.

Full story


Filed under: CNNMoney.com • Energy • President Obama
soundoff (85 Responses)
  1. ken from holland, pa

    Bobby is the classic example of a union employee that could use some "retraining" himself. how many run-on sentences can you put together. how come republicans keep complaining that the government is involved too much, yet they also complain that they are not doing enough (when it comes to jobs or defense or security or the roads-you get the point). you can't have it both ways and guys like bobby do not get it and will never get it. a certain level of education and understanding is required here and too many people (guys like bobby) are not equipped to deliver rational thoughts (that also includes idiots like obama-trickle up poverty-where were you when we spent $2 trillion in iraq and afghanistan without a plan).

    January 8, 2010 04:55 pm at 4:55 pm |
  2. Carmelle

    He doesn't do something..you guys complain.
    He does something ...you guys complain.

    You trulls ask for tax credits...that's what this is NOT direct spending!

    Try this for a change: Turn off Fox News, go it a computer and get internet. Do some research on how other countries are creating jobs and what they are doing on green energy manufacturing..... We are just catching up.

    January 8, 2010 04:56 pm at 4:56 pm |
  3. JohnT

    I recently saw an interview with the CEO of a solar panel manufacturing company in the Midwest. He said they had received several millions of dollars from our government to get started. However, once they were up and running, they discovered that the bulk of their paying customers were in . . . China. So, they are cutting back their manufacturing here and setting up manufacturing operations in China. He said that, in addition to moving closer to their customers, there were certain incentives from OUR government that made it feasible to make the move overseas. The net result in terms of jobs here in the US for the millions spent was, I believe, 188. All to say, before we start spending money on so-called 'green jobs,' it might be a good idea for someone to look into all these incentives and loopholes that have enabled our companies to move their manufacturing jobs offshore. I believe that during the presidential campaign, President Obama promised to close those loopholes. Now might be a good time.

    January 8, 2010 04:59 pm at 4:59 pm |
  4. Jean 2

    Everybody wants jobs to increase.

    What do all of the negative responders suggest????

    Think, if people get jobs revenue will be generated giving rise to more jobs. We ,Americans will enjoy better days. Let us not be so selfish and narrow minded.

    There is no need to "name call" that is soo middle school.

    January 8, 2010 05:01 pm at 5:01 pm |
  5. joey fabulous

    Sometimes I think Republican=dumber than dirt and meaner spirited than scrooge.

    January 8, 2010 05:01 pm at 5:01 pm |
  6. JT the Show Me State College Freshman

    seebofubar January 8th, 2010 4:14 pm ET

    STOP SPENDING OUR MONEY YOU FOOL. What a worthless tub of garbage this guy turned out to be.

    I understand that certain individuals here might have disagreements with President Obama, and that is okay. My parents always told me if I have disagreements, I should set up a meeting with the person, and discuss the issue in a polite, professional manner. My parents told me to never deal with anyone an absolute, when discussing important issues or personally attack anyone or call them unnecessary names like "garbage." That will get anyone fired right on the spot, and that person is lucky if the boss will give any warning to being fired as well. I personally see this as a benefit to the economy because, in today's time, green and clean energy technology is the fastest growing types of jobs in the United States and around the world. If we invest more money to stimulate infastructure in the clean technology area, then the clean energy manufactoring business will benefit greatly from this down the road. If you have any disagreements, first of all repeat the person's argument that you disagree with, then, say that you disagree, and outline at least 3 areas why. Next, explain those reasons in detail with convincing detail, support, and personal examples. Next, conclude your argument by summing up why you disagree, and outline those reasons again. Last, outline and give your own logical alternative that seems like a decent alternative to the other person's. That is how professionals handle the problems and disagreements they come across with everyday. Have a great, successful day to you all.

    January 8, 2010 05:04 pm at 5:04 pm |
  7. Jane/Seattle

    How about creating or enforcing regulations that stop polluters in their tracks? This is the only sane means to correct this problem. Stop talking about fossil fuels (coal) as if they are clean or renewable. They are NOT! Put money into research like there is no tomorrow. If we do not there will be no tomorrows and very soon. Just like science and math education, this amount is a pittance compared to what the banks got from us for Fraud! Peace

    January 8, 2010 05:07 pm at 5:07 pm |
  8. Anthony In Miami

    He announces something good for the country and people find something wrong with it. This is laughable to read these posts on here. Let me guess, the crazier people sound, the more CNN wants to post it! If you sound right or left wing enough, the better it sounds! The funny thing is, if some of these people had to sit within 10 feet of him and actually answer questions with real knowledge, they couldn't do it! Please stop encouraging fringe comments and start promoting thoughtful, real responses!

    January 8, 2010 05:12 pm at 5:12 pm |
  9. eric in Denver

    Wow big story Obama spending more of our money. What is the next headline the sky is blue!!!

    January 8, 2010 05:14 pm at 5:14 pm |
  10. CommonSense09

    I think this plan deserves an opportunity before all the negative comments! Heck every plan Bush implemented was for the rich and already weathly companies. I give Obama credit for implementing this energy plan which will create jobs and clean energy at the same time; another foundational plan....Go President Obama!

    January 8, 2010 05:15 pm at 5:15 pm |
  11. david

    how long will these jobs last

    January 8, 2010 05:15 pm at 5:15 pm |
  12. Donkey Party

    TCM, do us all a favor, including yourself, go eat a bullet. At this point, it's the only cure for that cancer in your head you think is your brain. Useless racist inbred idiot scumbag!

    January 8, 2010 05:16 pm at 5:16 pm |
  13. JES

    Will the spending ever stop.

    How much more in debt do my grandchildren need to be before Obama stops.

    Spend what you have not what you want.

    One reason we are in the mess we are because people don't live within their income.

    January 8, 2010 05:22 pm at 5:22 pm |
  14. mjm

    LacrosseMom(stuck in moderation) January 8th, 2010 4:50 pm ET

    BTW GOPers....... Bush gave a tax break to the wealthiest 1% of Americans...... but when President Obama gives a TAX BREAK to American Companies that's wrong?
    _________________

    Bush also created the 10% tax bracket for the poor after Clinton had it at 15%. Bush also lowered taxes for the middle class.

    And since when is paying 36% of your pay check to the US gov is some kind of "break" . It use to be 31% before Clinton who raised it to 39%......NO ONE should pay that much.

    January 8, 2010 05:24 pm at 5:24 pm |
  15. arch

    This guy Gibbs is like a sore that never heals. He just keeps coming back saying stupid things and never really answers the questions that are asked. Maybe that is because his boss doesn't have any answers. The whole crew in the wh are way out of their league. One day the public that elected this guy will understand just what he is trying to do to this country. Soros and his buddies got what they wanted. Many puppets on a string. They are doing a pretty good job of controlling them right now, but that will probably change in the future. People are starting to realize it was a mistake electing this guy and many are leaving the sinking ship. Hopefully, the people who replace this guy will be able to right what he has done and get us back to being a proud country instead of one that is always apologizing! Gibbs seems to be lacking common sense and also doesn't care what anybody thinks or says. Instead of answering a question he doesn't have an answer for he just goes to the next question, just like his boss! I tried to place this in the correct article, but it closed as I was attempting to add a comment!

    January 8, 2010 05:24 pm at 5:24 pm |
  16. ChicagoDB

    TCM there is no such thing as a free market. keep drinking that friedman kool aid.

    January 8, 2010 05:27 pm at 5:27 pm |
  17. Mlhall

    I know you did not think the Government could operate without money

    January 8, 2010 05:28 pm at 5:28 pm |
  18. S Callahan God help America!

    This IS a good thing...but for the life of me, tell me how it is going to 'really' help those who are on the border of poverty? This may help the corportations to 'go green' but what about the 'average homeowner' that would benifit most. Just sayin'....

    January 8, 2010 05:32 pm at 5:32 pm |
  19. Peter s

    Thats the only forward to stop the dependance of foreign oil!. The oil producing nations using their cartel so called OPEC holds the other nations at a ransom and nothing much you can do about it.

    January 8, 2010 05:35 pm at 5:35 pm |
  20. El Kababa

    JES wrote: "How much more in debt do my grandchildren need to be before Obama stops? ... Spend what you have not what you want...."

    From Washington to Carter, the US ran up $1.5 trillion in debt, then
    $1.5 trillion was added by the Reagan Administration
    $1.5 trillion was added by the first Bush Administration
    $5.0 trillion was added by the second Bush Administration.

    That's $8 trillion in debt from three Conservative Presidencies. Clinton added $2 trillion to the debt, then paid down .5 trillion for a net debt of $1.5 trillion.

    Since Jimmy Carter left office, $9.5 trillion has been run up in debt.
    Of that amount, 86% is Republican debt.

    Google it.

    January 8, 2010 05:40 pm at 5:40 pm |
  21. mjm

    "The credit is focused on U.S. manufacturing of clean energy technologies such as solar and wind."

    I am sorry, and you liberals won't understand this, BUT THIS IS WRONG! Obama is trying to pick winners and losers. You cannot favor "green" industry over others in the energy industry.

    If you are going to offer a 30% tax credit you must do it across the board. Otherwise the unfair advantage will cause a job loss somewhere else.

    If he were serious about job creation in the energy industry he would allow for more natural gas and oil production, not tom mention more nuclear facilities.

    January 8, 2010 05:46 pm at 5:46 pm |
  22. Sea.gem

    What jobs?...idiot just handed more money to Al Gore and the rest of these extortionists!

    January 8, 2010 05:46 pm at 5:46 pm |
  23. PREDICTA

    This one won't get through. Obama's political capital is all used up on health care.

    January 8, 2010 05:52 pm at 5:52 pm |
  24. gary davis Harbor Oregon proud american

    now we are talking good idea Mr. President :)

    January 8, 2010 05:56 pm at 5:56 pm |
  25. John in Iowa

    "What jobs?...idiot just handed more money to Al Gore and the rest of these extortionists"

    What a load of nonsense. The money has been awarded to companies who are developing services and jobs. Companies developing solar power and windmills and similar green industries.
    Please please please tell me which 'extortionists' got this money and also how you think Al Gore gets any of it.

    January 8, 2010 05:59 pm at 5:59 pm |
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