AWvsCBsteeeerike3 wrote:the green energy is just a MASSIVE cash cow that is just getting its roots. Think how many jobs will be created constructing/designing large wind farms, nuclear power plants, etc. etc. etc.
Those jobs will be created at the expense of older energy jobs. Not speaking to the benefit to the planet, etc., it's a zero-sum gain as far as the national economy is concerned.
Not the design and construction part of it. The operation and maintenance, yes. But, as far as I know, there are very few coal power plants being designed/built right now.... in America at least.
It'll definitely be a boost to the economy for 10-20 years, and will create a lot of jobs similarly to the way that the IT explosion did.
The switch to computers eliminated some jobs, but not near to the extent that it created them. I think the conversion to alternative energy will be similar.
1)Create regulations to eliminate the trade deficit, reduce spending (Iraq, oil, foreign goods, etc). The US has to tax countries that mainpulate the value of their currency by purchasing the dollar. China's Yuan is so undervalued right now as well as raising their GDP, which allows them to export job to China, raising unemployment and that deficit.
2)Innovation and dependence on oil. Oil is a huge reason why we have the trade deficit which has partially led to where we're at now. We need to reduce our consumption and we're unable to do so. We need the gov't to further impose restrictions as far as automakers and fuel eff. cars, we need to reward conpanies involved with greener solutions and we need to reward those consumers for greener cars with trade in allowances towards those green cars based on the life of their current car. Innovation is going to be led thru alternative mtethods of fuel, we need to create job and lead this revolution, we cannot afford to be importing alternative fuel like we have with oil.
3)Banks-they should have to allocate money towards the tax payers to receive any for of profit from the bailout. They need to reform their banking practices towards taking responsibility.
AWvsCBsteeeerike3 wrote:
I don't think it's only people with bad credit. But, I thought you said that the larger banks were no longer lending money? That's what I said was untrue and you then said I was wrong. I'm not wrong. They are still lending money. They are still looking for good investments (always have been) even though they supposedly don't have any. What they want now is someone (namely you and me at 7K a piece and every body else on the board for the same price) to buy all their screw ups which I don't want to do. Imo, there are two options right now:
1) The government takes over and probably screws up the companies beyond what they are now becasue let's be honest, the government is a monumental screw up.
2) European banks come in and buy out what is left of these screwed up companies that have claimed bankruptcy but are still lending money as we speak (because it would cost them money not to). People that aren't going to give out stupid loans take over and they start loaning money again to good investments....because that is how they make money.
I'm all for option #2 as opposed ot #1.
You're being semantical if you thought I was saying the bolded part literally b/c there will be loans, but there won't be enough handed out to avoid a credit crisis for putting enough people in homes and small businesses to survive with a credit crunch followed by an economic crisis.
UK wrote:The 4 things this country needs to do, IMO:
1)Create regulations to eliminate the trade deficit, reduce spending (Iraq, oil, foreign goods, etc). The US has to tax countries that mainpulate the value of their currency by purchasing the dollar. China's Yuan is so undervalued right now as well as raising their GDP, which allows them to export job to China, raising unemployment and that deficit.
2)Innovation and dependence on oil. Oil is a huge reason why we have the trade deficit which has partially led to where we're at now. We need to reduce our consumption and we're unable to do so. We need the gov't to further impose restrictions as far as automakers and fuel eff. cars, we need to reward conpanies involved with greener solutions and we need to reward those consumers for greener cars with trade in allowances towards those green cars based on the life of their current car. Innovation is going to be led thru alternative mtethods of fuel, we need to create job and lead this revolution, we cannot afford to be importing alternative fuel like we have with oil.
3)Banks-they should have to allocate money towards the tax payers to receive any for of profit from the bailout. They need to reform their banking practices towards taking responsibility.
AWvsCBsteeeerike3 wrote:
I don't think it's only people with bad credit. But, I thought you said that the larger banks were no longer lending money? That's what I said was untrue and you then said I was wrong. I'm not wrong. They are still lending money. They are still looking for good investments (always have been) even though they supposedly don't have any. What they want now is someone (namely you and me at 7K a piece and every body else on the board for the same price) to buy all their screw ups which I don't want to do. Imo, there are two options right now:
1) The government takes over and probably screws up the companies beyond what they are now becasue let's be honest, the government is a monumental screw up.
2) European banks come in and buy out what is left of these screwed up companies that have claimed bankruptcy but are still lending money as we speak (because it would cost them money not to). People that aren't going to give out stupid loans take over and they start loaning money again to good investments....because that is how they make money.
I'm all for option #2 as opposed ot #1.
You're being semantical if you thought I was saying the bolded part literally b/c there will be loans, but there won't be enough handed out to avoid a credit crisis for putting enough people in homes and small businesses to survive with a credit crunch followed by an economic crisis.
I simply don't buy it. Period. They're not going to stop giving out loans to good investors because that is how they make money. That would be like McDonals saying they aren't going to sell fries anymore. If the potato company they got the fries from went out of business, they would find another place to get their potatoes. Similarly, if all these "larger banks" go outof business, that only opens the door for other banks to step in and provide the capital. Someone will do it because it's how they make money.... regardless of what is going on around them, they're not going to stop trying to do that.
TheoSqua wrote:The switch to computers eliminated some jobs, but not near to the extent that it created them. I think the conversion to alternative energy will be similar.
Computer technology allows the creation of new and useful products and services. Green energy just replaces dirty energy. Maybe there will be side-benefits due to increased investment in research, but it's not at all clear to me that there is some macro economic benefit. The point is to avoid the costs of continuing to use dirty energy.
UK wrote:The 4 things this country needs to do, IMO:
1)Create regulations to eliminate the trade deficit, reduce spending (Iraq, oil, foreign goods, etc). The US has to tax countries that mainpulate the value of their currency by purchasing the dollar. China's Yuan is so undervalued right now as well as raising their GDP, which allows them to export job to China, raising unemployment and that deficit.
2)Innovation and dependence on oil. Oil is a huge reason why we have the trade deficit which has partially led to where we're at now. We need to reduce our consumption and we're unable to do so. We need the gov't to further impose restrictions as far as automakers and fuel eff. cars, we need to reward conpanies involved with greener solutions and we need to reward those consumers for greener cars with trade in allowances towards those green cars based on the life of their current car. Innovation is going to be led thru alternative mtethods of fuel, we need to create job and lead this revolution, we cannot afford to be importing alternative fuel like we have with oil.
3)Banks-they should have to allocate money towards the tax payers to receive any for of profit from the bailout. They need to reform their banking practices towards taking responsibility.
UK wrote:The 4 things this country needs to do, IMO:
1)Create regulations to eliminate the trade deficit, reduce spending (Iraq, oil, foreign goods, etc). The US has to tax countries that mainpulate the value of their currency by purchasing the dollar. China's Yuan is so undervalued right now as well as raising their GDP, which allows them to export job to China, raising unemployment and that deficit.
2)Innovation and dependence on oil. Oil is a huge reason why we have the trade deficit which has partially led to where we're at now. We need to reduce our consumption and we're unable to do so. We need the gov't to further impose restrictions as far as automakers and fuel eff. cars, we need to reward conpanies involved with greener solutions and we need to reward those consumers for greener cars with trade in allowances towards those green cars based on the life of their current car. Innovation is going to be led thru alternative mtethods of fuel, we need to create job and lead this revolution, we cannot afford to be importing alternative fuel like we have with oil.
3)Banks-they should have to allocate money towards the tax payers to receive any for of profit from the bailout. They need to reform their banking practices towards taking responsibility.
