I have a bold vision, and a proposal for financing the new energy revolution, that will require some lobbying, but delivers the jobs, and is revenue positive to the federal budget in year 1 It’s most of the economy in year 2.
It’s a win win win for financiers manufacturers and politicians.
The program I wish to lobby the federal government for is 100 Billion in bond insurance- federally backed C+C bonds. Conservation and conversion. The bonds have a yield around 3- 4%, and are applicable for 2nd mortgages at a maximum of 6%, to retrofit buildings ahead of a planned national green building code implementation phase in starting in 2016. The geographic allocation of funds is proportional to population. There’s sales on bonds to be made, and the 2nd mortgages- I would think those percentage points would be attractive to hedge funds and commercial banks alike.
For the feds it creates jobs 400,000+, and is revenue positive to the federal budget. 20 billion positive.
Buy-in, or options on filling the bond insurance bonds and selling the C+C mortgages is $100 million (proportional to the bonds), held in escrow, until the program comes through, at which point the $100 million becomes a product development fund and national marketing company for the next generation efficiency and generation products.
The key on the consumer side is getting that price point to near their current energy expenditures, and letting them upgrade appearance at the same time.
All of this is a massive pilot program; the real ramp up, to the full national conversion would happen in year 2, and probably only fully in swing in year 3.
The numbers on that are massive, in the trillions, but have a net pay off when the US stops paying $500 billion a year for foreign oil.. on an 8 year payback, that’s justifiably a 4 trillion dollar budget.