President Obama is pushing Congress to pass financial incentives for homeowners who retrofit their homes to make them more energy-efficient. He is visiting a Home Depot today in northern Virginia today to make the case that more energy-efficient homes will create jobs and lower energy bills.
Obama told Home Depot chairman Frank Blake that home improvement companies would be key partners in this program. Consumers who install insulation, seal leaks and modernize heating and air conditioning equipment will stimulate the economy as well as pay for themselves many times over.
Currently, about $8 billion of the $787 billion stimulus package goes toward energy-saving investments in homes. The White House would like to expand the program to what some have dubbed "Cash for Caulkers" after the success of the now-closed "Cash for Clunkers" program.
This is the fourth time in two weeks that the President has called a high-profile event to call attention to double-digit unemployment across the United States. Last week he proposed tax breaks for energy-efficient retro-fits in homes. The same plan calls for small business tax cuts and additional spending on transportation infrastructure such as highway and bridges.