Is Obama’s Green Stimulus Package Already In Trouble?
President Obama’s economic-stimulus package is another campaign promise likely to become a fiscal pipedream ? giving a setback to renewable-energy investors. The touted infrastructure build-out intended to create new green industries that was part of the Obama plan could now be the first casualty of close scrutiny in the corridors of power, both on Capitol Hill and Main Street.
For the past few months, we’ve cautioned investors from buying into the hype that Obama’s green revolution would provide a new path to Easy Street for investors. Now an article in today’s Wall Street Journal reports that Obama’s $825 billion economic-recovery package “may not provide as big a near-term lift for the economy as expected.”
While this poses major obstacles for investors who…
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