August 12, 2010: Obama Signs Manufacturing Enhancement Act
Thursday, August 12th, 2010
Saying he hoped to rekindle “the furnace that forged our middle class,” President Obama signed the Manufacturing Enhancement Act into law yesterday, which cuts tariffs on some manufacturing-related imports. Obama used the signing ceremony to call on Congress to approve $5 billion in clean energy tax credits.
Congress rescinded $1.5 billion in clean energy stimulus funds, which could cost the growing clean energy economy $35 billion in private sector funding, according to the Center For American Progress, which recommends money for the federal medical assistance percentage instead be raised by cutting some of the $45 billion in oil company tax breaks that will be handed out over the next decade.
A new website “tracks the flow of oil, gas, and coal money in [the] U.S. Congress.”
Energy policy veteran Elizabeth “Betsy” Moler discusses the Republican Party’s “confounding” turn away from its own market-friendly concept of cap-and trade.
Sierra Club Executive Director Michael Brune says its time for climate legislation supporters to become more assertive. “We need to bring the stick back,” Brune told YaleE360, “but we don’t want to put away the carrot either.”
A new state-by-state Stanford University poll finds that the vast majority of Americans believe humans are responsible for global warming.
Feed-in tariffs are responsible for 75 percent of global solar energy and 45 percent of wind, according to a new National Renewable Energy Lab report. The tariffs, says the report, are the “most widely used renewable energy policy in the world.”
A piece at Grist ties “deficit hysteria” to the slashing of America’s public transit budgets.
Local Green: An op-ed in the Boston Globe counters inflated estimates of the price of energy that would be generated by the Cape Wind offshore energy project.
–Christopher Greenspan
Photo courtesy of the Library of Congress
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