President Obama held his first prime-time press conference yesterday, fielding questions focusing on the current economic crisis and the bailout currently being debated on capitol hill. Responding to a question on finding bipartisan solutions in the bailout, President Obama continued to support the idea of energy-efficient retrofits as a means of job creation and economic stimulus:
“This is another concern that I’ve had in some of the arguments that I’m hearing. When people suggest that what a waste of money to make federal buildings more energy-efficient — why would that be a waste of money? We’re creating jobs immediately by retrofitting these buildings or weatherizing 2 million Americans’ homes, as was called for in the package. So that right there creates economic stimulus, and we are saving taxpayers, when it comes to federal buildings, potentially $2 billion. In the case of homeowners, they will see more money in their pockets. And we’re reducing our dependence on foreign oil in the Middle East. Why wouldn’t we want to make that kind of investment?”
I couldn’t agree more.
The full text of President Obama’s press conference is available here.