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Originally Posted by Ustwo
Ummmmm
I'll see your 300 million and raise you 10.7 billion.
I'll see your 5 billion and raise you 124 billion.
I don't MIND the government spending that 5 billion, its a good use of government money even if most will result in naught, its worth the risk, but this is really private sector led.
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UStwo...what your graph omitted was the $35+ billion in tax breaks and other incentives to those (big) oil and gas companies and $5-8 billion in tax breaks to small alternative energy start-ups.
That $40+b in tax incentives, along with the direct $5b in R&D grants recognize and support the basic "anti-free market" concept of the government providing the necessary seed money to spur private investment.