The New Green Economy

President-Elect Barack Obama’s recent visit to the Cardinal Fastener factory in Bedford Heights, Ohio foretells of what is to come in the new green economy. Cardinal Fasteners is one of the nation’s leading producers of industrial fasteners whose products have been used in both the Statue of Liberty and the Golden Gate Bridge. The company also produces components for wind turbines that will be a major source of renewable energy under Obama’s Recovery and Reinvestment Plan.

This past Friday, plans for the world's first offshore wind farm took a big step towards approval. In what has now become a rather bitter fight, the decision over whether to build 130 windmills across 25 miles of federal waters in the Nantucket Sound hurdled past proposed environmental concerns.