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Summary:

“The government should invest even more money in ARPA-E,” and “it would be a terrible mistake” not to boost the budget for energy, said former President Bill Clinton at the ARPA-E conference on Wednesday.

Bill Clinton: Cash for Clunkers Worked So Well, Let's Do It for Electric Vehicles

“The government should invest even more money in ARPA-E,” and “it would be a terrible mistake” not to boost the budget for energy, said former President Bill Clinton at the ARPA-E conference on Wednesday. On Tuesday Bill Gates expressed a similar sentiment onstage at the event, calling for a twofold increase in energy research and development spending.

The energy research budget is very limited compared to the size of the annual budget and the deficit, said Clinton. President Obama’s budget proposal calls for $350 million for the ARPA-E program, which places small-sized grants on early-stage research done by labs and startups. Clinton said he is “a huge fan of Obama’s energy strategy and Secretary of Energy.”

Clinton proposed the idea of an infrastructure bank for energy technology, which would take “a little money” from taxpayers, or “a few billion dollars,” and get corporations to invest the rest of the needed funds, enabling corporations to get good returns on their investments. Clinton also said “we need even more reliance on the military,” in terms of energy tech and that the government should also focus on getting energy-efficiency technologies installed.

Clinton, who is self-admittedly “technologically challenged,” started off his speech by saying, “I’m really here to say, go get ‘em.”

Photo taken from The Clean Energy Summit

  1. Well Clinton admits to being technologically challenged and a big fan of Obama’s green energy push, yet calls for more funding. Frankly, I’m tire of seeing well meaning, yet poorly executed energy investment programs wasting taxpayer dollars. Obama’s green energy push has been one big failure after another because he has no clue how to invest or run a real business. Here’s the latest out of Colorado:

    http://www.coloradopeakpolitics.com/diary/1063/abound-solar-colorados-solyndra-obamas-latest-green-energy-headache

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  2. Bill Gates: It’s ‘Crazy’ How Little Is Invested in Clean-Tech

    http://blogs.wsj.com/digits/2012/02/29/bill-gates-its-crazy-how-little-is-invested-in-clean-tech/

    I think MOST PEOPLE would agree! Its absolutely ridiculous that we continue to USE American lives to secure oil fields… Since the Oil Embargo in 1974 Congress/ Senators/ Politicians / Attorney Lobbyists have been telling we the people that “we need to be energy independent”… What a Joke!

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  3. Here … check this link out and then guess why we don’t spend a little money to make it happen? Gee maybe Exxon could spare $1Billion… maybe???

    http://abclocal.go.com/kabc/story?section=news/local/orange_county&id=8310315

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