Jason Barton

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Archive for the ‘Stimulus Bill’ tag

Energy Secretary Opposes Suspending Stimulus Grants

without comments

The article below is a follow up to an article posted here recently. Dr. Chu’s arguments pose a bit of a contradiction to my own and some U.S. senators’ arguments against certain aspects of the proposed stimulus bill.

MARCH 5, 2010, 8:56 P.M. ET

By JOSEPH B. WHITE

SANTA BARBARA, Calif.—Energy Secretary Steven Chu said Friday that an effort by Democratic lawmakers to block federal stimulus grants for energy projects that use foreign-made hardware could cost U.S. jobs.

“There are unintended consequences by just coming out and saying, Buy American,” Dr. Chu said. “I do not want a moratorium. We have 9-10% unemployment. You do not want to stop these projects if 2/3 [of the hardware] is American and 1/3 is foreign.” In remarks on the sidelines of the conference, Dr. Chu said he will “work with people in Congress to explain the subtleties” of the global wind-energy market.

[…]

“China is moving $9-10 billion a month…they want to be a leader in this new technology. It’s ours to lose, but we could blow it,” Dr. Chu said. He said U.S. businesses can adapt to higher energy prices by becoming more efficient and adopting new technology.

Read the entire article here.

Written by Jason

March 6th, 2010 at 10:44 am