Tuesday, October 7, 2008

Green Add-ons to $700 Bailout Package


By now, you've probably heard that in order to get the $700 billion financial bailout plan to pass through Congress, $150 billion worth of additional costs were added into the package. What you may not know is that in addition to padding the wallets of television and movie producers, wool fabric makers, and rum runners (seriously, this is what's in the package), it also includes a provision that $17 billion go to alternative energy tax credits. This is seen as a victory for greens, who have tried to get the tax credits in place all year. However, was it right to tack it onto the bailout package? All I can say is, I'm glad I'm not a politician.

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