"Is the economic crisis going to be the end of green? Or, could green be the way to end the economic crisis?"
-David Rothkopf
"We need the next president to be an energy efficiency trendsetter, starting by reinventing the inaugural parade. Get rid of the black stretch limos and double-plated armored Chevy Tahoes inching down Pennsylvania Avenue. Instead, let the next president announce that he will use no vehicles on inauguration day that get less than 30 miles per gallon. He could invite all car companies to participate in the historic drive with their best available American-made, fuel-efficient, innovative vehicle."
-Thomas Friedman
The American economy must be rescued, not by the service sector, but by the manufacturing sector associated with clean energy. The Obama team has articulated their desire to pave the way for a green commitment from Washington and it is vital that they deliver on that promise.
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In what could become a silver lining of this economic turmoil...
"Stung by the loss of $2.81 trillion in their net wealth, U.S. households paid down their debts in the third quarter for the first time since the Federal Reserve began reporting this figure in 1952."
I don't know what is scarier, the fact that this is the first time since at least 1952 that this has happened or that this now leaves household outstanding debt at $13.91 trillion compared to the $13.94 trillion it was in the second quarter.
On the other hand our friends in Washington are not shy about debt, the third quarter saw a record 39% increase in the debt taken on by the federal government.
1 comments:
With every crisis there's an opportunity; if we fail to embrace the green energy movement in this time of economic turmoil and wean ourselves off middle eastern oil dependance, I don't see the United States emerging from this a stronger country, but rather, a country of dwindling influence
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