GE Energy - Threatens to Leave America if no Renewable Support.

“If the U.S.government is not going to be reliable and predictable [on clean-energy policy], we’ll go to Germany and China,”

- John Krenecki, head of GE Energy


'The head of GE Energy, the conglomerate’s unit that makes everything from wind turbines to nuclear reactors, flew down to Washington again today to plead with senators to extend tax credits for renewable energy. The credits, still crucial to making clean energy competitive, are set to expire at the end of the year, despite at least eight tries so far to renew them. That threatens to slam the brakes on two gangbuster years for American wind and solar power.'


http://blogs.wsj.com/environmentalcapital/2008/09/12/industry-to-congress-renew-the-expiring-clean-energy-credits/?mod=googlenews_wsj



That's right, GE is threatening to move their fastest growing Division OUT OF THE UNITED STATES, because of the expiration at the END OF THIS YEAR of the existing tax credits for Renewable Energy.


Congressional Democrats have tried EIGHT TIMES to get the credits extended, but the President and Lockstep Republicans have blocked every attempt. Why have they blocked it? Because they Refuse to PAY FOR IT. One of those attempts to extend the Credits was paid for by Deficit Spending, and guess what? It passed the Senated with 80 Votes. In that case, though, Democrats in the House refused to back it, because they are making the hard choice to be fiscally responsible. In another case, a Bill got to the Senate with 59 votes. McCain was in Washington DC and was available to vote, but he did not show up for work, instead he claimed that the issue needed further study. It's outrageous.

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