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Green loans dry up
Investment in green businesses drops, posing a challenge to President Obama's mission to creat more green-collar jobs .
He’s got the ambition.
“We’ll restore science to its rightful place and wield technology's wonders, we’ll harness the sun and the winds, and the soil. All this we can do. All this we will do.”
But the challenges are enormous. They begin here on Wall Street, where the financial shock waves are hitting main street and green businesses.
“You see, one is a little differences from the other.....”
Kevin McCleod installs solar panels and his business has grown dramatically in the past few years. But since the economy stumbled, he and his colleagues are taking a serious hit.
“I am really say, personally, about 30% of my businesses is off because of not being able to securing credit, the, that the jobs, and that hurts.” “Nobody can get dollars for financing if you don’t have the cash to pay for it, there is nowhere else to get the money to pay for solar energy.”
A big problem for business and for President Obama’s plan to create more green-collar jobs. “Constructing fuel-efficient cars and buildings, and developing the new energy technologies that will lead to even more jobs. ”
The financial benefits of solar power are huge. "Our bills are like 5 dollars and 41 cents, it’s truly a wonderful investment, and you know, it keeps us from using oil and fighting wars for oil. "
But starting at about $40,000, the panels come with a hefty price tag and customers are angry they can’t get loans.
“It’s pretty frustrating actually, you know that, sit there and know that, you know, I 'm, I'm phoning, you know, pretty good money and work hard and pay my bills, and you know that I can't get it. ” And for solar contractors, it’s been a dark time.
“Two out of ten can't get financing, you know, and financing also is affecting my business, cause my business is being financed, my, my bank shut me down.”
So all eyes are turning to President Obama. If he’s promising the industry that he’s, he wants to create the green-collar jobs, he needs to put the money out there and make it available to our industry and own homeowners”;
“I hope that whatever he does, you know, helps the rest of us out, you know, the working middle class, you know, everybody is trying, you know, to make ends meet.”
But with a deepening recession, concerns are running high on what used to be the sunny side of the street.
Juliana Silva, from CNNmoney.com.
GLOSSARY
1. wield v.行使，運用，支配：有效地行使、運用（如權(quán)力或影響
2. harness v. 開發(fā), 治理; 控制
3. solar panel 太陽能電池板：一組相互連接的太陽電池
4. financing n.籌措資金, 理財, 籌集資金, 融資, 財務(wù), 資金
5. solar energy/ power 太陽能
6. green-collar jobs 綠領(lǐng)職業(yè)（環(huán)保類職業(yè)/對環(huán)境不會造成很大危害的職業(yè)）
7. fuel-efficient 燃料利用率高的
8. financial benefits 財務(wù)效益；按現(xiàn)行市場價格和財稅制度計算的效益。
9. truly adv. 確實是 真實地, 不假
10. hefty 強有力的 大幅度的
11. price tag n. 價格標(biāo)簽：附在貨物上表明價格的標(biāo)簽
12. help out 幫助(某人) 幫助(某人)解決困難[做某事]
13. make ends meet 收支相抵 量入為出
14. the sunny side n.向陽的一面,光明面,樂觀的一面
