Posted by Tina
** First there was the dotcom bust of the late 1990s, then came the real-estate bubble that’s deflating before our eyes. Next up: the green bubble. Alternative energy ventures have received a lot of great press, heavy investment and lip service from politicians in the last couple of years, but many of the nascent green industry’s balance sheets are beginning to bleed red. Among the hardest hit is T. Boone Pickens and his alternative energy hedge fund Newsweek **
** House Speaker Nancy Pelosi (D-Calif.) has increased the size of the economic stimulus package she will support when Congress reconvenes next month, saying it will need to be $500 billion to $600 billion. Thats up from the $400 billion to $500 billion that House Democrats had been expecting. *** The key number is 2.5 million jobs in the next few years that we want this package to stimulate, Pelosi said. I hear people say, Oh, they want a 1930s public works project. No. Certainly we will have public works projects in it, but its about broadband for all Americans. Its about a smart, modern grid to be able to transmit the new, renewable energy wind, solar, biofuels and the rest. Its about a very modern approach to building the infrastructure of America. Politico **
How is it possible to build a “sustainable future” with businessses built (or demolished) with unsustainable, unworkable government policies?