Another brilliant idea…..it accomplishes very little…..A rather ingenuous label……trying to tie it in to the semi-successful program of Cash for Clunkers….cute……But what is this program all about?
The program contains two parts: money for homeowners for efficiency projects, and money for companies in the renewable energy and efficiency space.
The plan will likely create a new program where private contractors conduct home energy audits, buy the necessary gear and install it, according to a staffer on the Senate Energy Committee and Nadel at the American Council for an Energy-Efficient Economy.
Big-ticket items like air conditioners, heating systems, washing machines, refrigerators, windows and insulation would likely be covered, Nadel said.
Consumers might be eligible for a 50% rebate on both the price of the equipment and the installation, up to $12,000, said Nadel. So far, there is no income restriction on who is eligible. That would mean a household could spend as much as $24,000 on upgrades and get half back.
A good idea? IMO….HELL NO! Why? This will only help a small percentage of Americans…..think about it…..let us say you are a home owner who is finding it difficult to keep up with the mortgage payments….where will you find the money to spend on this? Or better yet, 1 in 6 Americans is unemployed…that alone would not make it feasible to spend much needed money on home improvements….and then there is the tight credit for individuals….need I say more along that line?
Just where is the jobs creation? At best, it is a band-aid for a gunshot wound……
So far the Obama Admin is doing NOTHING substantial to create jobs or to help Main Street……is this the change we voted for? Not my idea of change but then I am sarcastic SOB……
Exactly… where is people going to get money for this? In the end, it will do what the other program did create a short unsustainable boost that puts people deeper in debt.
Yep….I said as long as the government is getting a bit of interest on their stim money….why not send it out to the taxpayers….after all they are the ones that saved the economy….
Terrant the nominees are posted for the anal-ocity award…I would like you input and vote…thanx
You know that would be impossible because the McCarthyists will not allow it.
I know….wishful thinking that they might do something for the people….but that is not something they would be comfortable with…..
We-ell… you’re right, naturally. But the fact is there’s nothing CAN be done – unless, of course, you consider forcing all banks to do proper banking (that’s money lending to you and me) instead of playing roulette with our money. That’s not very likely to happen, though, is it? 👿
Regrettably NO it will not happen…..and all the US Congress is doing is worse than a limp dick…..the banks can continue to gamble and have the luxury of a government that will bail them out whenever they are stupid…..
Don’t you mean extra stupid? 😆
But how stupid is it to get someone else to absorb your debt?
Oh and I worked out a price for you – go see what you think 😈
Will do….