Green Money To Boost US Economy

Companies all over the USA are anxiously creating environmentally friendly projects in an effort to secure themselves part of President-elect, Barak Obama’s, ‘Green Pot’.

This pot is a $100 billion incentive for companies to create jobs and invest in projects that are both ecologically and financially beneficial.

The target for Obama and his team, when they take office early in the New Year, is to use this pot to provide a boost for the economy and to lead it down a more environmentally aware route than it has been on.

This was one of the corner stones of Obama’s campaign.

In addition, it is hoped that such a pot will help stimulate growth in a time of recession.

The hopes for the pot are to create as many as 2 million jobs in industries such as water, renewable energies, nuclear power and mass transit.

It is also hoped that there will be a knock on effect, as various other suppliers will benefit from these new projects,

However, there are dissenters who suggest that whilst the project will give a short term boost, it is not well designed for any real counter to the global recession.

With such green energy projects likely to be targeting business, the long lead purchase time that goes with business purchases is likely to mean that any meaningful growth will be over a longer period, rather than providing a short term tonic for the recession.

There is also a very real concern about what this pot will cost the tax payers, both in terms of direct taxation and any increase in debt.