IRA Bill creates $28 billion in new clean energy manufacturing

[mister_coffee]

Why is it that I strongly suspect that the people who argue government can't do anything would be the first to cry for their mommies if the government wasn't there when they needed it?

[Rideback]

Thinking the EPA superfund to clean up the toxic messes left behind by the corp grifters was a much needed govt agency.

[mister_coffee]

... because we have (or used to) LIMITED government and rule of law (or used to) ...

Well, except if you have a uterus. And except for January 6th. I guess you just believe in those things when they apply to you.

[just-jim]

Here’s a list of other ‘things’ the gubmint apparently failed at….

Interstate Highway system
The internet – (not Al Gores version)
Land Grant Universities
The G.I. Bill
National Parks and Forests
The national Railroad system
Space Program and Moon Landing
Atomic Energy research and development
Basic research in just about every facet of health care in the last 100 years
The Homestead Act
Universal K-12 education
Crop insurance and agriculture subsidies that keep farmers in business and help keep food costs low
The Federal system of locks, dams and canals over the eastern 2/3 of the US
Every major flood control and Electrical generation Dam in the western US in the last 75 years.
Most western reclamation projects
A system of airports and an air traffic control system modeled the world over
Social Security and Medicare

….and that’s without even thinking too long about it….

[PAL]

Oh yes, kj, the government can keep it's hands off my body too, if you are talking about too much government. Cathy C. McMorris Rodgers says in her newsletter, "people are so tired of government interference. Two -faced Cathy and Ken.

[mister_coffee]

Oh yes, and we know what's what.

The states can be considered laboratories of democracy. And the experimental results are in.

Microsoft and Amazon aren't headquartered and weren't founded in Florida. Google and Facebook aren't being ran out of Texas. Get back to me when a world-beating company where thousands of their employees become millionaires is set up in Florida.

Oh, and fun fact. Microsoft has produced more millionaires than Hollywood. I know who has the jobs and the haircuts in this economy.

[dorankj]

Consider your cookies frosted! Such an invention and re-write of history. People have always flocked here, invented and become huge precisely because we have (or used to) LIMITED government and rule of law (or used to) to include personal property protection. BTW those “smart, creative people” can’t get out of the cesspool hellholes that ‘pro(re)gressive’ policies cause inevitably ( hence our huge influx of city-folk here!)

Also whenever government inserts itself (through regulation and/or funding) it makes everything more expensive and difficult!

[mister_coffee]

Sorry, but it really frosts my cookies that right-wing MAGA Trumpanzees seem to be unable to even comprehend what makes America great.

It is also entertaining that right-wing nut jobs have to build their own versions of Twitter, Facebook, and Wikipedia. They just don't have it in them to invent anything better. If you are a conservative you are always chasing other folks' taillights.

[mister_coffee]

No, the government didn't create **any** of them. But the government did create the ideal conditions to make those businesses possible and successful.

There's a reason that Google wasn't founded in Moscow or Shanghai.

That's because our government funded the initial research to build what became the internet. They subsidized laying the fiber optic cables that made it possible for us to watch youtube videos all night. They subsidized internet connectivity so even people on the edge of civilization (like here) can get their internet access. They subsidized research fellowships in hard science and engineering for grad students so they could get the technical education needed to make those ideas reality.

Yeah, yeah, the government didn't create any of it. Spare me.

There's also a reason that Google was founded in the Bay Area and not Nebraska or Mississippi. It turns out that smart, creative people want to be around other smart, creative people. Smart and creative people appreciate being exposed to different ideas and understand that there are a lot of ways to be human. It turns out that if you invest in education and higher education you can have a community of bright people with new ideas that create new business, jobs, and a lot of wealth. In Nebraska and Florida all their institutes of higher education care about is football.

[dorankj]

What I need to ‘learn’ is to never argue with idiots, they will drag you down to their level and beat you with experience! I guess you think gaslighting is a skill!?

[just-jim]

Ken has learnt a new word….unfortunately he’s not using it correctly.
Now, if he could just understand “What-about-ism”….which is what dredging up 10 yr old stuff is.

[dorankj]

Government didn’t create ANY of them! Government sucks at picking winners and losers and shouldn’t be doing any of it.

[mister_coffee]

That's just willful ignorance and irrelevant.

If you are going to invest on the bleeding edge of technology to advance the state of the art, you should expect a pretty high failure rate. If you don't have that failure rate you aren't taking enough chances to truly advance the state of the art.

Consider that venture capital firms generally expect ninety percent of the businesses they invest in to fail. But one out on hundred is a Google or NVIDIA or Facebook. The successes more than offset the failures on the bottom line.

[dorankj]

GASLIGHTING! (Dems stock and trade) So Solyndra just didn’t exist?

[Rideback]

Boy are you out of touch. What a useless comment. In the words of Hershel Walker, 'That's like burning down the house I used to live in. But I don't live there no mo.'

[Jingles]

With that kind of $ going to businesses for green energry wonder if Solendra with make a resurrection or just reappear under an alias

[Rideback]

The manufacturing sector is just beginning to gear up in response to the IRA Bill. It's growing by the day.

https://www.forbes.com/sites/energyinno ... 3eaf0a6159

'The Inflation Reduction Act is the most important climate legislation in United States history, but will it actually generate private investment in new manufacturing?

In a word, absolutely.

Roughly $28 billion in new manufacturing investment has been announced in the weeks following the IRA’s signing. These investments have primarily happened in the electric vehicle, battery, and solar manufacturing sectors – but the trend is just getting started.

The economic upside is massive. Energy Innovation modeling projects the IRA will increase GDP nearly 1% in 2030, and the Blue Green Alliance predicts it could add 9 million jobs in the next ten years. But securing the IRA’s full economic development potential hinges upon state and utility implementation.

The legislation could become America’s most significant investment in clean manufacturing and build a 21st century economy by leveraging tax dollars to generate roughly $1.7 trillion in new investment within a decade, according to Credit Suisse.