Mr. Obama’s Energy Future

I think we the Americans are finally waking up to the realization that we have to change not only the way we think but also the way we do things. I agree with the Author that the Barack Obama pledged to transform the way Americans produce and consume energy. President Obama made clear that he is ready to spend both to combat climate change and reduce this country’s dependence on fossil fuels. In nation’s economic future, President Obama listed energy, along with health care and education. During bush days, former President George W. Bush said that fighting climate change could only damage the American economy. It has been five weeks into Obama’s presidency, and he has signaled a readiness to regulate greenhouse gases from cars, trucks and new power plants, to require more fuel efficient vehicles and to invest heavily in energy efficiency. He is also regulating high speed rail and weatherizing homes and energy sources like wind and solar. $80 billion of Obama’s economic recovery package is devoted to all these purposes. President Obama said that China, Germany and Japan are doing better than we are and “He spoke of the profit to be gained by American industries and workers if the United States took the lead in investing in manufacturing wind turbines, more efficient solar panels and next-generation batteries” so we can be better than the other countries. It has been a long time since the world’s industrialized nations agreed in Japan to control global-warming emissions, and emissions continue to rise. President Obama is not just challenging the country but he is challenging history and we need to help him change the course of history.
http://www.nytimes.com/2009/02/26/opinion/26thu1.html

Congress, White House agree on $790B stimulus bill

The congress and the white house agree on the 790 billion economic stimulus bill which is basically designed to create millions of jobs. In this bill, education is invested and more than 1/3 of the bill is dedicated to providing tax relief for middle-class families, cutting taxes for 95% of American workers. This agreement is suppose to save or create more than 3.5 million jobs and get our economy back on track. The tax cut for millions of lower and middle income taxpayers is a hundred dollars less for an individual and two hundred dollars less for a couple. Senator Joe Lieberman says, “The bill will be the beginning of the turnaround for the American economy.” the measure will include $46 billion for transportation projects such as highway, bridge and mass transit construction. $54 billion is going to the state stabilization fund to permit local governments to use some of the money for modernizing school buildings but not building new ones. The bill also includes $70 billion to shelter wealthier taxpayers from the alternative minimum tax. The congressional budget office estimates that provision will have relatively little impact on the economic. This article is worth reading because you will know what's happening in the world or around you.
http://news.yahoo.com/s/ap/20090211/ap_on_go_co/congress_stimulus