Redirect the Bailout to the Green Economy

“In my experience, never before in the history of capitalism has so much money been asked from so many people, to help so few that screwed up so badly”. – Robert Reich

ET- Thomas Friedman’s column in today’s NY Times ponders what results would be reaped if a similar $1 trillion bailout was directed toward the new clean economy versus the old school broken financial segment. In redirecting this money to the green economy, we could expect it to return benefits and jobs to this economy in extraordinary numbers. Definitely a must read.

Sanyo Salem- As proof of the above Sanyo announced it has chosen Salem, Oregon to construct a solar plant. The $80 million plant will employ 200 and be online by 2010. The State of Oregon’s Business Energy Tax Program will provide credits and subsidies for 50% of the plants costs.