Hot Air/Wind Saleswoman Bode: ‘We Welcome Administration’s Announcement of $2.3 Billion in Tax Credits’

Whatever happened to the good old days of capitalism when an emerging industry sank or swam due to the merits and marketability of their product, not from subsidies from the government?

“AWEA welcomes the Administration’s announcement of $2.3 billion in tax credits for clean energy manufacturing and President Obama’s call to Congress to provide an additional $5 billion in such credits. The U.S. wind energy industry appreciates the speed with which the Administration is providing this support. These tax credits will be critical in sustaining manufacturing activity in the current economic downturn.

However, in order to maximize the renewable energy jobs expected as a result of these tax incentives, and to build up a strong renewable energy manufacturing base in the U.S., these companies need a more certain market to sell into. The industry is still vulnerable to the impacts of on-again off-again tax credit policies.”