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First off I don’t completely agree with the Fux media reasons the economy is free-falling into recession. They are attempting to define the problem as “Bad Consumer Credit” aka: ARMs.
This is just the tip of the iceberg.
A good portion of the ARMs were financed with joint venture capitol from overseas (China, Taiwan, Mid-East Countries) so the Fed really doesn’t care they get stuck with bad loans. It’s really their inability to finance the War in Iraq that has them concerned. The dollar is in free-fall and the U.S. credit rating is at stake, not because of bad loans but because of dependence on foreign oil and Chinese made goods
Simple – We don’t manufacture enough goods to pay off the National Debt.
But to be effective we must also deal with our energy dependence on oil. “Got to get off the juice”. WE NEED TO DRIVE THE MARKET for Green Energy with a new Federal Law.
1) Each and every occupied Commercial Property SHALL install Energy Generating systems that shall produce 20% of the energy consumption of that facility by 2012. All Commercial properties shall be required to generate 45% of their total energy needs by 2018. 2) Each business shall be allowed to depreciate the Energy Generation Equipment cost 10% for a 100% tax credit for 5 years or total of 50% of equipment cost provided the Energy Generating Equipment was purchased and manufactured in the USA
The demand for Solar, Wind, and Thermal Dynamic systems will generate 1000s of new businesses, each hiring many new employees.
The Demand for Solar, Wind, and Thermal Dynamic systems will drive the technology for cheaper more efficient systems with greater rates of return investment.
Businesses producing their own energy (and paying lower utility bills) will have decreased operating cost, and be MORE profitable in a global economy
Decreased dependence on foreign oil and existing fossil fuels will DRIVE DOWN the cost for conventional energy in America
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