We used the Recovery Act to provide seed money that sparked private investment -- private investment in new industries like solar and wind, advanced batteries, high-efficiency lighting, high-speed rail.

WHITEHOUSE: Standing Behind the American Auto Industry

The former president also favors government spending, on infrastructure, student loans, job training, manufacturing, broadband, high-speed rail, and development of alternative energy sources like biofuel, solar and wind.

FORBES: Bill Clinton's Job Creation Plan

Given the likely direction of the new GOP-dominated House of Representatives in Washington, massive federal subsidies for the solar and wind industries, as well as such boondoggles as high-speed rail, are likely to be scaled back significantly.

FORBES: California Suggests Suicide; Texas Asks: Can I Lend You a Knife?