Obama Talks Energy Alternatives

President Obama wants to spend about 59-billion dollars in economic stimulus funds and 150-billion from the federal budget to promote what he calls America's - clean-energy future. Obama plans to use the money to spur cutting-edge research, develop clean-energy technologies and provide incentives for private research. As a result, more than 300-thousand jobs would be created while doubling the nation's supply of renewable energy.

In making the case for spending almost 75-billion dollars from next year's budget to make the Research and Experimentation Tax Credit permanent, the White House said every dollar of tax benefit for private research and development yields two-dollars in benefits to the U.S. economy and society in the long run.

In addressing clean-energy entrepreneurs and leading researchers at the Eisenhower Executive Office Building, the President said, - we will attack the problems that have held us back for too long, including dependence on foreign oil.