Despite the hesitations many business leaders had about what Obama might do once taking office, I think he's taken the right steps and made some great cabinet choices that leave myself and many others in great confidence of his direction. Especially, when looking towards supporting the green energy industry and creating green-collar jobs, Obama is definitely on the right track.

Kevin G. Davis
Managing Director | Emerald Endeavors
For the latest in Green Energy & Clean Technology News, visit www.EmeraldEndeavors.com

Given the prospect of severe inflation once the monetary contraction is over and the dearth of secure investments elsewhere, I'd think that investment in alternative energy such as wind and some of the newer, cheaper solar cells wouldn't need as much monetary assistance as they did in the past.

Investment in alternative energy is a great hedge against inflation, and with a probable better return than the stock market in the long term.

(And the article alludes to this, breifly.)

Of all the projects that were initiated during the Great Depression, the Hoover Dam seems one of the more successful. This particular program may be run badly. Or not. I don't have the details. But in theory, it doesn't seem too harmful to use federal deficit spending during a depression to increase the country's energy generating capacity. (Though this project was partly state funded.)

In addition to jobs being created there are other benefits such as the money paid to farmers each year for land use which is presumably taxed, and increased security against spikes in the future cost of energy as well as development of alternative energy industries. Not to mention decreased reliance on foreign dictatorships for fuel.