From the President's Speech:
Last year, the House of Representatives [passed] a strong and comprehensive energy and climate bill — a bill that finally makes clean energy the profitable kind of energy for America’s businesses. Now, there are costs associated with this transition. And some believe we can’t afford those costs right now. I say we can’t afford not to change how we produce and use energy — because the long-term costs to our economy, our national security, and our environment are far greater.
So I am happy to look at other ideas and approaches from either party — as long they seriously tackle our addiction to fossil fuels. Some have suggested raising efficiency standards in our buildings like we did in our cars and trucks. Some believe we should set standards to ensure that more of our electricity comes from wind and solar power. Others wonder why the energy industry only spends a fraction of what the high-tech industry does on research and development — and want to rapidly boost our investments in such research and development.
[at this point I was yelling at the TV: "SHOW ME THE MONEY" I firmly expected that he would follow that by saying he would take the billions in taxes we give to big oil every year and give it to solar and wind development.
Instead we get this:
All of these approaches have merit, and deserve a fair hearing in the months ahead. But the one approach I will not accept is inaction....What has defined us as a nation since our founding is our capacity to shape our destiny — our determination to fight for the America we want for our children. Even if we’re unsure exactly what that looks like. Even if we don’t yet know precisely how to get there. We know we’ll get there.
...and then a buncha mushy hooey about prayer.
The $20 billion is a good start, but will not be sufficient to put it all right.