Part 1 is already legislated. And it was a bigger deal than some of us realized:

With all the billions and trillions Washington is allotting to this or that ailing bank or insurance company these days, it's important to have some perspective on how big a figure $38 billion really is when you're talking about energy. According to a recent study by the consulting firm Management Information Services, between 1950 and 2006, the government disbursed about $725 billion in federal energy incentives, mostly to oil, coal and gas. Renewables like wind and solar received only $45 billion. Give or take a few billion, Obama had matched that by Day 29 of his administration.

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