What we got for $50 billion in 'green' stimulus
October 3rd, 2012
03:08 PM ET
2 years ago

What we got for $50 billion in 'green' stimulus

New York (CNNMoney) - Over 770,000 homes weatherized. A doubling of energy from wind and solar. Cleaning 688 square miles of land formerly used for Cold War-era nuclear testing.

These are just some of the 'green' benefits from money spent under 2009's $787 billion stimulus package. Whether it was worth it is an open question, and one sure to come up in greater frequency as the presidential campaign enters its final weeks.

FULL STORY

Filed under: Congress • Energy
soundoff (31 Responses)
  1. blackdove

    obama is such a fraud - please go away, you empty suit!

    October 3, 2012 03:20 pm at 3:20 pm |
  2. Ind.

    A massive debt. That's it.

    October 3, 2012 03:23 pm at 3:23 pm |
  3. Gurgyl

    We needed these wind mills long time ago–GOP thugs bribe prevented. True. Yes, on OBAMA12.

    October 3, 2012 03:32 pm at 3:32 pm |
  4. Walter in the Big Sky Country

    I will take windmills over nuclear testing any day. Please if you don't want anymore windmills send them to Central Montana. We will be happy to turn the wind into electric power.

    October 3, 2012 03:32 pm at 3:32 pm |
  5. NEVER to VOTE REPUBLICAN again

    Of course we need to support new energy! The Gopteaparty would like us to back rubbing 2 sticks together.
    OBAMA 2012

    October 3, 2012 03:35 pm at 3:35 pm |
  6. cali girl

    At least they work, tons of electric power from just one windmill.
    Better than coal, better than natural gas, better than other waste. Way better.

    October 3, 2012 03:37 pm at 3:37 pm |
  7. RealityBites

    Whether it was worth it($50 BILLION of UNPAID DEBT) is an open question!?? Only for progressive liberals..

    October 3, 2012 03:45 pm at 3:45 pm |
  8. BLKMANinAmerica

    Well one thing is certain you tell who for American's and who is against us. Obama is the best President ever in America.

    October 3, 2012 03:47 pm at 3:47 pm |
  9. truth hurts

    RealityBites - Whether it was worth it($50 BILLION of UNPAID DEBT) is an open question!?? Only for progressive liberals..
    ==========================================================================================
    We borrowed $50 BILLION to buy Chinese made windmills creating many jobs for the Chinese. So we owe $50 BILLION plus interest which will probably be 10 times that amount, if and when it is ever paid off, by our kids and grand kids. And by then, these windmills will be long gone or rusting into oblivion. yes, borrowing our way to prosperity! A plan only a fool could believe.

    October 3, 2012 03:53 pm at 3:53 pm |
  10. Enuff

    At least it was spent in America and used by Americans.

    October 3, 2012 04:04 pm at 4:04 pm |
  11. ghostriter

    Paul Ryan got some of that stimulus money for his campaign donors for an energy company.

    Conservatives, launch your outrage!

    October 3, 2012 04:06 pm at 4:06 pm |
  12. Four and The Door

    Walter in the Big Sky Country
    I will take windmills over nuclear testing any day. Please if you don't want anymore windmills send them to Central Montana. We will be happy to turn the wind into electric power.
    ________________________________________________________________________________________________
    Completely missing the point. It's about the money and whether or not it is a good decision to spend money subsidizing "feel good" projects at the same time we are adding $1 trillion of new debt for the nation every year. It's not about the windmills or the solar panels. We would all love for those technologies to be at a point where they can compete effectively with natural gas. But they are not. And meanwhile we are digging a deep deep hole for the nation.

    October 3, 2012 04:12 pm at 4:12 pm |
  13. S.B. Stein E.B. NJ

    I consider that an investment. The land becoming usable again is fantastic. The question is now what can be done with it. We need to invest in new forms of energy because the old fossil fuels won't last forever and aren't clean. The wackiness in the weather should tell you that.

    October 3, 2012 04:12 pm at 4:12 pm |
  14. ghostriter

    WASHINGTON — Republican vice presidential candidate Paul Ryan has been one of the harshest critics of President Barack Obama's economic stimulus plan. But months after Congress approved the nearly $800 billion package, the Wisconsin lawmaker was trying to steer money under the program to companies in his home state.

    Rep. Ryan wrote letters in 2009 to Energy Secretary Steven Chu and Labor Secretary Hilda Solis seeking stimulus grant money for two Wisconsin energy conservation companies. One of them, the nonprofit Wisconsin Energy Conservation Corp., later received $20.3 million from the Energy Department to help homes and businesses improve energy efficiency, according to federal records.

    In a letter to Chu in December 2009, Ryan said the stimulus money would help his state create thousands of new jobs, save energy and reduce greenhouse gas emissions. That contrasted with his public statements denigrating the stimulus program as a "wasteful spending spree." It also conflicts with his larger federal budget proposal, which would slash Energy Department programs aimed at creating green jobs.

    Ryan's office says his budget plan "calls for getting Washington out of the business of picking winners and losers in the economy – and that includes our energy sector."

    October 3, 2012 04:17 pm at 4:17 pm |
  15. ghostriter

    In 2009, when car dealers in Ryan's congressional district were upset over inefficiencies with Obama's "Cash for Clunkers" program, Ryan wrote a letter to Secretary Ray LaHood asking to hear what steps he might be taking to "alleviate the administrative gridlock and technical errors currently facing this system."

    The National Auto Dealers Association is a top contributor to Ryan, pouring $68,500 into his campaigns. In total, the automotive industry has donated $290,350 to Ryan's campaigns.

    October 3, 2012 04:20 pm at 4:20 pm |
  16. al in memphis

    It does make plenty of sense to use up all the natural resources, then start thinking about alternatives - really sad way of thinking and certain to make this a third world country. If this country was energy independent, then the price of oil would go back to $20.

    October 3, 2012 04:25 pm at 4:25 pm |
  17. Another Obama Victim

    50 Billion to Democratic Donors and 4.00 to 5.00 gas. Great job Obama. We can only imagine what another 4 will bring us.

    October 3, 2012 04:25 pm at 4:25 pm |
  18. ghostriter

    I'll tell ya, you conservatives will fall for anything. Republicans openly complain about this stuff to make you feel all warm and fuzzy, then turn around and do the exact same things you are supposedly upset over.

    I found several such stories in .000175935 seconds. Imagine what you guys could do with the time you spend on here complaining?

    October 3, 2012 04:28 pm at 4:28 pm |
  19. truth hurts

    I wonder if all these windmills are GE products? GE's CEO Jeffrey Immelt sits on Obama's Jobs Council and GE is one of the biggest job outsourcers in the country. If these are made by them then they are definitely made in China. I wonder how many BILLIONS of the stimulus was funneled to Obama's GE friend Immelt? I wonder how much was then contribtued back to the Obama campaign?

    October 3, 2012 04:32 pm at 4:32 pm |
  20. Wire Palladin, S. F.

    Don't expect right wingnuts to support anything that does not create an unfunded war. Remember wingnuts, when Bush's unfunded wars were put on the books, our national debt was over $12 trillion.

    October 3, 2012 04:38 pm at 4:38 pm |
  21. ghostriter

    truthhurts, you do know that Jeff Inmelt is a republican......right?

    BTW, when are you going to start yelling at Ryan for spending stimulus money on his campaign donors?

    October 3, 2012 04:43 pm at 4:43 pm |
  22. Wire Palladin, S. F.

    Remember when dealing with a right wingnut,their lies are the truth in their minds, and their truths in their minds are lies.

    October 3, 2012 04:44 pm at 4:44 pm |
  23. Four and The Door

    ghostriter
    WASHINGTON — Republican vice presidential candidate Paul Ryan has been one of the harshest critics of President Barack Obama's economic stimulus plan. But months after Congress approved the nearly $800 billion package, the Wisconsin lawmaker was trying to steer money under the program to companies in his home state.
    ______________________________________________________________________________________________
    Your point? I don't see what you are getting at. Of course he disagreed with Obama's $830 billion Stimulus experiment. It didn't work and it was a waste of money we didn't have to spend. But that has nothing to do with the fact that once the decision was made ( by Democrats ) to spend the money, why would it be wrong to demand Wisconsin's fair share? That's his job and has nothing to do with the fact that he disagreed ( rightly so! ) with the stimulus.

    October 3, 2012 04:52 pm at 4:52 pm |
  24. Hammerer

    Not to mention the billions Obama's bundlers pocketed.

    October 3, 2012 05:06 pm at 5:06 pm |
  25. Pete

    @Four,thats your delushional take on everything right,republicans who railed against the stimulus should take it as well,yah typical hypocrital republicans say on thing and do another,isn't that a double standard of sorts or do you have a different take on that too,just asking smart guy!!

    October 3, 2012 05:06 pm at 5:06 pm |
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