Technology Investment and Stimulus (Jaideep Venkatesan

EE Times breaks down the different types of technology investment in the American Recovery and Reinvestment Act. Naturally, most of the "technology investment" is in clean or alternative fuel technology, and rightly so. I'd be interested in additional government investment in high technology, given its roles in the recovery from the most recent recessions (early 1990's and early 2000's). The only non-energy technology spending listed is $580 million for the National Institute of Standards and Technology for technology innovation and manufacturing standards programs. , according to EE times.


Stimulus breakdown: $43 billion for energy technology

Massive deficit spending is clearly the only way that the economy can regain confidence, if it is done intelligently. It clearly wasn't done intelligently in the 2001-2002 period, as the stimulus was not targeted at those income groups, or economic sectors, most likely to stimulate the economy. Indeed, even economists who have opposed government spending to stimulate the economy have warmed to the idea, recognizing a crisis where the nation's economy shed over a million jobs in the last few months alone.

Economists Agree Time Is of the Essence for Stimulus