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President requests $2 billion for advanced vehicle technologies

GasBuddy Blog -- In Chicago yesterday President Obama asked Congress to set aside $2 billion over the next decade for research, including electric vehicles, batteries, compressed natural gas and biofuels.

Obama had first proposed the idea in his State of the Union address last month, when he called for taking a share of revenue from oil and gas leases on federal lands and placing it in an "Energy Security Trust" fund.

According to the AP, The White House said the "funds would be set aside from royalty revenues generated by oil and gas development in federal waters of the Outer Continental Shelf." The administration would fund the program as "revenues are projected to increase over the next several years..."

The trust "is designed...


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Submitted Mar 16, 2013 By: PD
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honda0105
Champion Author Tallahassee

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Message Posted: Mar 30, 2013 1:07:33 PM

lyn: problem is, that is put back onto the buyer's price. So in the end, taxpayers pay it anyways.
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lyn48
Rookie Author Atlanta

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Message Posted: Mar 22, 2013 12:18:01 PM

I agree with reb4 car manufacturers should pay for this, not tax payers.
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honda0105
Champion Author Tallahassee

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Message Posted: Mar 21, 2013 12:02:00 AM

endy: and in the meantime, you and lots of other Americans have to have the newest iPhone or Samsung S-gazillion or any other hype gadget the minute it hits the market. Which, oh btw, they happen to be made in China. Nicely hypocritical IMNSHO.
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phpearso
Sophomore Author Indiana

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Message Posted: Mar 20, 2013 11:44:59 PM

Buy ECAU!
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endymion
Champion Author New York

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Message Posted: Mar 20, 2013 11:05:11 AM

What's another $2 Billion in Obama's budget? The Chines will own more of our debt, and our Grandchildren will pay it off! More defecit spending, please!
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endymion
Champion Author New York

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Message Posted: Mar 20, 2013 11:02:49 AM

W
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honda0105
Champion Author Tallahassee

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Message Posted: Mar 20, 2013 5:52:30 AM

reb: that's an idea. But then, it's still going to be the taxpayer who has to pay... just a different type of pay (by having to pay higher car prices).
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reb4
Champion Author Chicago

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Message Posted: Mar 19, 2013 8:08:00 AM

car manufacturers should pay for this, not tax payers...
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honda0105
Champion Author Tallahassee

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Message Posted: Mar 19, 2013 6:04:28 AM

what's 2 billion in light of the money we wasted over the course of 10 years in Iraq .... and got nothing but lots of dead and wounded soldiers from it. Oh.... the cheap oil and gas? Those prices have gone up too.
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RambleOn
Champion Author New York

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Message Posted: Mar 18, 2013 4:46:51 PM

Just for those who should understand the size of 1 TRILLION: (And please check for yourself and forward this data to your representatives and to Obama.)

$1 for every one second of time to reach ONE TRILLION:
60 Sec X 60 min = 3,600 X 24 hr = 86,400 per Day
X 365.25 = 31 Million 557 Thousand 600 per year (We are barely there)
X 100 years = 3 BILLION 155 Million 760 thousand per CENTURY (Still barely there)

X 10 (We've gone 1,000 years at $1 per second) = 31 BILLION 557 Million 600 Thousand $31,557,600,000

X 2 (This takes us back in time to just before Jesus Christ's ministry in history 2,000 years ago) = 63 BILLION 115 Million 200 thousand $63,115,200,000

TRAVEL FORWARD TO TODAY, THEN BACK AGAIN = 6,000 YEARS... $189 BILLION 345 Million 600 thousand $189,345,600,000 (Not even a quarter of the way to 1 TRILLION yet)

31,688 Years at $1 per second = 999 BILLION, 997 Million 228 thousand 800

I googled how many years would 1 TRILLION seconds be just to check my own calculations. Yahoo's website had calculations putting us back in time 31,000 years to 29,000 B.C.

I changed the denomination from $1 dollar (George Washington) per second to $100 (Benjamin Franklin per second) to get a better understanding:

$360,000= 1 Hour. $8,640,000 = 1 Day.

$60,480,000 = 1 Week

$22,090,320,000 = 1 Year.

$1 TRILLION = (roughly) 45 Years + 3 months (Lyndon Johnson was serving as President of the United States 45 years and 3 months ago.) December 1967: The Beatles' Magical Mystery Tour was newly released Dec 8, 1967. "The Graduate," starring Dustin Hoffman & Anne Bancroft, premieres Dec 20, 1967.

The U.S. National Deficit is currently 16.701 TRILLION dollars: (Real time link)

At $100 (Benjamin Franklin) per second that's 756 YEARS! Obama must secretly be working as a Real Estate agent for China to get China a great deal on ownership of the United States. He sure seems to embrace China's style of governing.


[Edited by: RambleOn at 3/18/2013 4:51:20 PM EST]
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Dennisjk
Champion Author Detroit

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Message Posted: Mar 18, 2013 3:55:50 PM

There he goes wasting the taxpayer's money again.
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BurtB
Champion Author Los Angeles

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Message Posted: Mar 18, 2013 2:37:47 PM

Wrong DutchTreatMI,

Obama wants more money for his friends and supporters.
The Progressives pretend they are out for the common man, then they help their friends get rich.
Look at the current problem in Cypress. The EU is balancing their budget on the backs of the small investor, so that Russians and others who have looted, have an off shore account they can use as a tax haven.

That will always be the problem with crony capitalism (from either side). The wrong economic decision will be made, because someone else's money is being used.
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EssexAdri
Champion Author Jacksonville

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Message Posted: Mar 18, 2013 2:33:50 PM

politicians are supposed to manage the government not businesses. this is exactly why our economy is going into the toilet. too many politicians trying to use their office to make a profit for themselves on the side, by networking and granting political favors instead of actually doing their jobs.
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DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Mar 18, 2013 2:31:32 PM

Obama always wants more money for his pet projects that have all crashed and burned so far.
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Teamgabriel
Veteran Author Boise

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Message Posted: Mar 18, 2013 2:29:20 PM

The USA is not an auto co and should stay out of private enterprise. Use the money to pay down the deficit
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patino007
Sophomore Author Dallas

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Message Posted: Mar 18, 2013 2:28:36 PM

I want 2 billion
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Julassa
All-Star Author Akron

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Message Posted: Mar 18, 2013 2:27:20 PM

Why?
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SmartShopper520
All-Star Author Ontario

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Message Posted: Mar 18, 2013 2:26:30 PM

money, money, money ... spend, spend, spend accountability anyone!!
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bginsj
Champion Author San Jose

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Message Posted: Mar 18, 2013 2:24:13 PM

interesting
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LongPlay
Champion Author Albuquerque

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Message Posted: Mar 18, 2013 2:22:50 PM

Congress needs to get us out of this insane waste of our limited tax dollars!
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Tralp
Champion Author North Carolina

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Message Posted: Mar 18, 2013 2:19:04 PM

ok
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gws2980
Champion Author Philadelphia

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Message Posted: Mar 18, 2013 2:17:52 PM

I am not voting for that
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satrn38mpg
Champion Author Raleigh

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Message Posted: Mar 18, 2013 2:15:00 PM

another old story >>
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LSU_TIGERS_dmb
Champion Author Louisiana

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Message Posted: Mar 18, 2013 2:14:56 PM

but close the White House to kids
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Tripacer
Sophomore Author Michigan

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Message Posted: Mar 18, 2013 2:11:03 PM

Moron!!
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pbalmeo
Champion Author Los Angeles

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Message Posted: Mar 18, 2013 2:09:05 PM

Ok.
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spunky4443
Champion Author Washington

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Message Posted: Mar 18, 2013 2:08:26 PM

Sounds like a good idea to me.
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oldiesman
Champion Author New York

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Message Posted: Mar 18, 2013 2:07:46 PM

Old news?
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Kato51
Champion Author Atlanta

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Message Posted: Mar 18, 2013 2:04:15 PM

Would someone tell him we don't have the money.
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ACTown
Champion Author Oregon

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Message Posted: Mar 18, 2013 2:03:20 PM

He is always wanting more spending of my money.
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TRAIN RIDER
Champion Author San Bernardino

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Message Posted: Mar 18, 2013 2:02:27 PM

How many days do we need to see this article?
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bearzz
Champion Author California

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Message Posted: Mar 18, 2013 2:00:51 PM

Ditto on the wasted taxpayer money...should be private enterprise.
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goinwgas
Champion Author Oregon

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Message Posted: Mar 18, 2013 1:57:25 PM

it's up to the republijerks to say yea or nay
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WilW
Champion Author Atlanta

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Message Posted: Mar 18, 2013 1:57:20 PM

Old news, but still GOOD FOR POINTS!
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Hugo40
Champion Author Kentucky

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Message Posted: Mar 18, 2013 1:56:08 PM

Requests are easy, harder to pay for them.
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kymechanic
Champion Author Kentucky

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Message Posted: Mar 18, 2013 1:56:01 PM

More wasted tax payers money.
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crashintuc34
Champion Author Tucson

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Message Posted: Mar 18, 2013 1:52:14 PM

Why not? It's not his money.
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ntass1
Champion Author Edmonton

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Message Posted: Mar 18, 2013 1:51:21 PM

old post.
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spmaudio
Champion Author Chicago

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Message Posted: Mar 18, 2013 1:50:30 PM

@ 1Dano1: Ridicules? Or ridiculous? :-)
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1Dano1
Champion Author Kansas

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Message Posted: Mar 18, 2013 1:49:15 PM

Ridicules
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HEBster
Champion Author Kentucky

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Message Posted: Mar 18, 2013 1:49:09 PM

Not with my $$
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MDTDriver
Champion Author California

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Message Posted: Mar 18, 2013 1:48:16 PM

Just more tax money down the drain.
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Toppers
Champion Author Atlanta

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Message Posted: Mar 18, 2013 1:46:17 PM

Private companies need to take the lead.
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WaWanderer
Champion Author Washington

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Message Posted: Mar 18, 2013 1:45:45 PM

If you have money you should pay your bills.
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cobbwebb
Champion Author New Hampshire

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Message Posted: Mar 18, 2013 1:45:32 PM

huhh, he's not getting my $2 billion
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tomok
Champion Author Portland

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Message Posted: Mar 18, 2013 1:44:42 PM

President requests $2 billion for advanced vehicle technologies and 'Spending Gone Wild' Sneeky can't stop spending taxpayer money we don't have! Time to put a stop to all this nonsense supporting EV's, Inbreds, special batteries and many other items that will never be used like they want it to be used! Take care of the out of control federal debt and restore some sanity to this country!
Read my lips: No More Spending! Stop reinventing the wheel!!!
Can't wait for Sneeky to fade away like it was an eight year nightmare! The sooner, the better!
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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hank1326
Champion Author Los Angeles

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Message Posted: Mar 18, 2013 1:43:39 PM

No more government freebies please!!!
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jad1960
Champion Author Gary

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Message Posted: Mar 18, 2013 1:43:13 PM

Th country just keeps spiralling down with Obama who voted for this idiot.
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RambleOn
Champion Author New York

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Message Posted: Mar 18, 2013 1:42:57 PM

"We the People” request you get a budget passed and live within the funds we have as a nation.
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Tucker16
Champion Author Ottawa

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Message Posted: Mar 18, 2013 1:42:41 PM

Government should create the conditions and incentives for the private sector to develop these technologies! Subsidies almost never work out.
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