The cash for caulkers stimulus is an initiative of the American President to rejuvenate the American economy. This proposal is formally known as the Homestar Energy Bill and was passed by the American lawmakers recently during the month of May 2010. According to this bill, there are three key focus areas. The first is the American Home owner who is central for the revival of the economy. The next is the home building and construction industry.
By making it lucrative for the home owners to make changes to their homes, this bill hopes that it will act as a stimulus and create a need for windows, doors, HVAC units and other home building materials. This means that manufacturers have to increase their production levels to meet the demand created by the home owners. At the same time the manufacturing units need skilled and trained manpower. This means that employment opportunities will increase. According to some estimates, this bill has the scope to deliver more than 168,000 jobs only in the home energy sector.
This proposal is also seen in many quarters as a bid to revive the energy market. This bill also focuses on the need for developing alternate sources of energy in order to reduce America’s carbon footprints. According to the cash for caulkers stimulus bill, by reducing carbon emissions, every American household will be able to save more than $600 each year by way of energy savings. This money can be put for better investment opportunities.
