On Cue: Administration Announces Massive Energy Tax Credits Program

Both from a literal and public-confidence standpoint, the administration has used stimulus announcements to combat a bad economy this year: the economy lags, new data comes out to show it, and the administration announces a new program to help fix it, combating both the job losses and the image--doing something about it, and showing that they're doing something about it.

So, after the December unemployment figures were released Friday morning by the Bureau of Labor Statistics, President Obama took to the podium in the White House's East Room to announce $2.3 billion in clean energy manufacturing tax credits being given out on a competitive bases by the Department of Energy, which is now done sorting through the bids and approving them, along with the IRS.

"The initiative we're outlining today will likely generate 17,000 jobs, and the roughly $5 billion more that we'll leverage in the private sector investments could help create tens of thousands of additional jobs," Obama said.

Clean energy manufacturing was a big selling point of the stimulus to begin with, and today's announcement is part of what was promised as the stimulus made its way through Congress around this time last year: the idea of "green jobs" that would simultaneously put Americans to work and push the nation toward cleaner energy. With the bidding process now complete for this $2.3 billion of credits, the Department of Energy has moved the administration forward on that point of stimulus agenda.

Presented by

Chris Good is a political reporter for ABC News. He was previously an associate editor at The Atlantic and a reporter for The Hill.

A New York City Minute, Frozen in Time

This wildly inventive short film takes you on a whirling, spinning tour of the Big Apple

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

A New York City Minute, Frozen in Time

This short film takes you on a whirling tour of the Big Apple

Video

What Happened to the Milky Way?

Light pollution has taken away our ability to see the stars. Can we save the night sky?

Video

The Faces of #BlackLivesMatter

Scenes from a recent protest in New York City

Video

Ruth Bader Ginsburg on Life

The Supreme Court justice talks gender equality and marriage.

Video

The Pentagon's $1.5 Trillion Mistake

The F-35 fighter jet was supposed to do everything. Instead, it can barely do anything.

More in Politics

Just In