Industry officials expect that this $2.4 billion investment, coupled with another $2.4 billion in cost share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the U.S. battery and auto industries.

- $1.5 billion in grants to U.S. based manufacturers to produce batteries and their components and to expand battery recycling capacity

- $500 million in grants to U.S. based manufacturers to produce electric drive components for vehicles, including electric motors, power electronics, and other drive train components

- $400 million in grants to purchase thousands of plug-in hybrid and all-electric vehicles for test demonstrations in several dozen locations; to deploy them and evaluate their performance; to install electric charging infrastructure; and to provide education and workforce training to support the transition to advanced electric transportation systems.

And here’s an excerpt from President Obama’s remarks:

“…The battle for America's future will be fought and won in places like Elkhart and Detroit, Goshen and Pittsburgh, South Bend, Youngstown –- in cities and towns across Indiana and across the Midwest and across the country that have been the backbone of America. It will be won by making places like Elkhart what they once were and can be again –- and that's centers of innovation and entrepreneurship and ingenuity and opportunity; the bustling, whirring, humming engines of American prosperity.

“For as the world grows more competitive, we can't afford to run the race at half-strength or half-speed. If we hope to lead this century like we did the last century, we have to create the conditions and the opportunities for places like Elkhart to succeed. We have to harness the potential –- the innovative and creative spirit –- that's waiting to be awakened all across America.

“See, I don't want to just reduce our dependence on foreign oil and then end up being dependent on their foreign innovations. I don't want to have to import a hybrid car -- I want to be able to build a hybrid car here. I don't want to have to import a hybrid truck -- I want to build a hybrid truck here. I don't want to have to import a windmill from someplace else -- I want to build a windmill right here in Indiana. I want the cars of the future and the technologies that power them to be developed and deployed right here, in America.

“And that's just the beginning. In no area will innovation be more important than in the development of new ways to produce, use, and save energy. So we're not only doubling our capacity to generate renewable energy and building a stronger and smarter electric grid. We've helped reach an agreement to raise fuel economy standards. And for the first time in history, we passed a bill to create a system of clean energy incentives which will help make renewable energy the profitable kind of energy in America -– while helping to end our dependence on foreign oil and protect our planet for future generations.

“The bill passed the House; we're now working to pass legislation through the Senate. Because we know that real innovation depends not on government, but on the generative potential of the American people. If the American people get a clear set of rules, if they know what's needed, what challenges we've got to meet, they'll figure out how to do it…”

But it looks like she’s a little unclear on what her policy positions are. During the campaign, McCain-Palin campaign literature (check it out below) and the candidate herself (see the video) sang a totally different tune.

McCain-Palin said climate change was one of our biggest challenges:

THEN: “Global climate change is one of the greatest challenges confronting our country and our world today. We must act now to meet this challenge.”

NOW: She doesn’t even mention climate change her piece in the Post.

McCain-Palin proposed a market based cap-and-trade program to address climate change:

THEN: “They [McCain-Palin] have proposed a cap-and-trade system that would reduce greenhouse gas emissions while encouraging the development of low-cost compliance options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options.”

NOW: Palin wants to “…responsibly tap the resources that God created right underfoot on American soil” and drill in the pristine Arctic National Wildlife Refuge.

McCain-Palin said a market-based system would strengthen our economy:

THEN: ”John McCain and Sarah Palin will establish a market-based system to curb greenhouse gas emissions, mobilize innovative technologies, and strengthen the economy.”

NOW: Palin claims, cap-and-trade (which is part of President Obama’s plan) “…is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.”

Palin has been spending more time in the lower 48. Maybe she's been taking lessons from Mitt Romney?

President Obama made another strong statement in the Rose Garden today, urging Democrats and Republicans alike to seize the opportunity to create a new clean energy economy and come together to support the bill. Governor Tim Kaine also released a statement this morning (posted earlier by Jonah), and this afternoon, OFA launched a web page urging people to call their members of Congress before tomorrow’s vote to ask them to support the legislation. Have you told your representative where you stand?

According to a Washington Post/ABC poll released this morning, three-quarters of Americans think the federal government should regulate the release of climate-change causing greenhouse gas emissions from power plants, cars and factories.

Meanwhile, House Republicans led by John Boehner (OH) and Mike Pence (IN) have resorted to scare tactics and false information in an attempt to stop ACES from passing. The “Party of No” is denying science, delaying progress and siding with the oil and coal lobby, instead of acting in the best interests of the American people.

UPDATE (by Cloe): Here's an excerpt of the President's remarks from the Rose Garden:

"...Now, make no mistake -- this is a jobs bill. We're already seeing why this is true in the clean energy investments we're making through the Recovery Act. In California, 3,000 people will be employed to build a new solar plant that will create 1,000 jobs. In Michigan, investments in wind turbines and wind technology is expected to create over, 2,600 jobs. In Florida, three new solar projects are expected to employ 1,400 people.

"The list goes on and on, but the point is this: This legislation will finally make clean energy the profitable kind of energy. That will lead to the creation of new businesses and entire new industries. And that will lead to American jobs that pay well and can't be outsourced.

"...I can't stress enough the importance of this vote. I know this is going to be a close vote, in part because of the misinformation that's out there that suggests there's somehow a contradiction between investing in clean energy and our economic growth. But my call to those members of Congress who are still on the fence, as well as to the American people, is this: We cannot be afraid of the future, and we can't be prisoners of the past. We've been talking about this issue for decades, and now is the time to finally act."

As part of “Energy Week”, Commerce Secretary Gary Locke and Labor Secretary Hilda Solis were at events in Michigan, Tennessee and Arkansas today highlighting the President’s commitment to passing comprehensive energy and climate legislation. Earlier this week, Interior Secretary Ken Salazar, Transportation Secretary Ray LaHood and EPA Administrator Lisa Jackson were in New Jersey, Oklahoma and Colorado.

Yesterday, the White House released a new web video featuring Van Jones, the Special Advisor for Green Jobs, Enterprise and Innovation at the White House Council on Environmental Quality. The video demonstrates how weatherizing homes will be a major source of new jobs. Watch it below, and be sure to watch for the House vote on Friday.

The bill, the American Clean Energy and Security Act (also known as Waxman-Markey), was passed out of committee a couple of weeks ago – it could be voted on in the full House as early as this week.

In the lead up to the vote a diverse coalition of stakeholders have ramped up their efforts to build support for the bill. Late last week, the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst, the Center for American Progress (CAP), Green for All and the Natural Resources Defense Council (NRDC) released two reports that outline how investments in a clean-energy economy will produce significant economic and job creation benefits.

-- The Economic Benefits of Investing in Clean Energy: How the Economic Stimulus Program and New Legislation Can Boost U.S. Economic Growth and Employment: Report explains how the investment of $150 billion annually, through public spending and private investment, would produce a net gain of 1.7 million new jobs. CAP compiled state-by-state fact sheets of clean energy jobs creation.

-- Green Prosperity: How Clean-Energy Policies Can Fight Poverty and Raise Living Standards in the United States: Report shows that shifting from traditional fossil fuel to clean energy will improve the standard of living for millions of Americans across all skill and education levels, especially among lower-income families.

In Case You Missed It: Last week, the White House also released a new report from the National Oceanic and Atmospheric Administration (NOAA) about the potential impact of climate change in the United States. The report lays out – in layman’s terms – how failure to take action to reduce greenhouse gas emissions will result in significant changes to temperatures, rainfall patterns and sea level. Grist.org had a good round up.

"Van Jones has been a strong voice for green jobs and we look forward to having him work with departments and agencies to advance the President’s agenda of creating 21st century jobs that improve energy efficiency and utilize renewable resources. Jones will also help to shape and advance the Administration’s energy and climate initiatives with a specific interest in improvements and opportunities for vulnerable communities," said Nancy Sutley, Chair of the White House Council on Environmental Quality.

Jones is the founder of Green For All, a national organization that promotes an inclusive green economy, strong enough to lift people out of poverty. He is also the co-founder of the Ella Baker Center for Human Rights and Color of Change, two highly innovative social justice organizations. A 1993 Yale Law School graduate, Jones is the author of the 2008 New York Times best-seller, The Green Collar Economy.

The speech was fantastic so be sure to read the whole text.

After decades of dragging our feet, this plan will finally spark the creation of a clean energy industry that will create hundreds of thousands of jobs over the next few years, manufacturing wind turbines and solar cells for example, and millions more after that. These jobs and these investments will double our capacity to generate renewable energy over the next few years.

We’ll fund a better, smarter electricity grid and train workers to build it – a grid that will help us ship wind and solar power from one end of this country to another. Think about it. The grid that powers the tools of modern life – computers, appliances, even blackberries - looks largely the same as it did half a century ago. Just these first steps toward modernizing the way we distribute electricity could reduce consumption by 2 to 4 percent.

We’ll also lead a revolution in energy efficiency, modernizing more than 75 percent of federal buildings and improving the efficiency of more than 2 million American homes. This will not only create jobs, it will cut the federal energy bill by a third and save taxpayers $2 billion each year and save Americans billions of dollars more on their utility bills. [...]

For the last few years, I’ve talked about these issues with Americans from one end of this country to another. Washington may not be ready to get serious about energy independence, but I am. And so are you. And so are the American people.

Read the President's full remarks.

Today, President-elect Barack Obama announced key members of his energy and environment team, including Dr. Steven Chu, Secretary of Energy; Lisa Jackson, Environmental Protection Agency (EPA) Administrator; Nancy Sutley, Chair of the White House Council on Environmental Quality (CEQ); Carol Browner, Assistant to the President for Energy and Climate Change; and Heather Zichal, Deputy Assistant to the President for Energy and Climate Change.

I believe that Obama's inspirational leadership, contemplative nature and well-reasoned, forward-looking policies offer our troubled nation a real opportunity to face and overcome its many challenges at home and abroad.

On an array of domestic issues, including health care, education, tax policy, the environment and alternative energy sources, Obama promises a clean break from the recent past and tangible hope for a return to fiscal responsibility, economic security and true environmental stewardship, all of which are essential to restoring our greatness. Now, Obama must be aware of the hopes that he has raised through his discussion of these issues. Many people will rightly take his words as his commitment and will judge him accordingly.

On the international front, his thoughtful and responsible approach to extricating our troops from Iraq, reallocating our finite resources elsewhere in the war on terrorism, and reviving effective use of our diplomatic corps all warrant our support. To be successful in these endeavors, Obama must be an active student of history. In attempting to bring peace to the Middle East, for example, he should recognize that the United States has played a role in the region since Franklin Roosevelt went to Saudi Arabia to meet with King Abdul-Aziz. Obama must appreciate that he is not writing on an empty page and will need to be sensitive to that which has come before him.

Obama represents the better choice to successfully address the issues that dramatically affect the health and well-being of our nation today. The fact that he is also a black American adds special significance for me as someone who was witness to and participated in at least a part of the past century's discourse on civil rights.

Mathias served in the House of Representatives from 1961 until 1969 when he was elected to the U.S. Senate and served until 1987.

MCCAIN: You’ll have to tell me what’s changed. I love it when they say, “Oh McCain has changed.” And I say, “What have I changed on?” They can’t name a single issue or they’ll name an issue and its false. I’m the same guy. I’m proud of our campaign.

It is not exactly a winning message but the interview presented itself with a rather easy challenge: name McCain's flip-flops.

Think Progress identified 44 of them.

Campaigning for Obama, Sen. Clinton tells Philly Jewish Community Center crowd that “the middle class is invisible to this president.” She adds: “we are in a financial crisis born and bred in the last eight years of failed policies of George Bush and John McCain.”

Later on, at historic farm in Horsham, she offers Democrats’ response to Republicans’ “Drill, baby, drill”: “Jobs, baby, jobs.”