Monday, December 15, 2008

Pelosi sees bigger, greener stimulus

[meanwhile, in OZ...]

House Speaker Nancy Pelosi (D-Calif.) has increased the size of the economic stimulus package she will support when Congress reconvenes next month, saying it will need to be $500 billion to $600 billion. That’s up from the $400 billion to $500 billion that House Democrats had been expecting

Pelosi said the package would not be like “a 1930s public works project” but instead would have such modern components as greener forms of energy. She echoed the number of jobs and the components that President-elect Obama unveiled just before Thanksgiving.

“I hear people say, ‘Oh, they want a 1930s public works project.’ No. It’s about a smart, modern grid to be able to transmit the new, renewable energy – wind, solar, biofuels and the rest."
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