Everyone knows the economic situation in the US is not having the best of times. Stocks are down, companies are undergoing massive layoffs, and all seems gloomy in the world of industry.
There is a bright spot, and it’s going green! As the rest of the nation goes into a recession, the green energy industry has actually been seeing growth. That means green like windmills and solar cells, and other alternative energy manufacturers that are each producing profits, and each are going to be a huge part of the Obama stimulus plan.
A $275 billion dollar economic recovery package is going to be allocated for such things as creating jobs in the green sector alone. He wants to double the production of alternative energy within 3 years, among other things, and that this sector will create up to 4 million new jobs. *
This is actually quite shocking to me on the whole, not because of what the plan wants to do, but why didn’t the previous administration have the foresight to do this themselves? It was proven years ago that the green sector was healthy and growing in leaps and bounds.
Solar cells and wind power are the fastest growing markets out there, ** and this information should have been tapped into long ago, with tax breaks and discounts across the board, to both businesses and consumers alike. It has taken the foresight and initiative of the President Obama stimulus package, to put alternative energy up front and in the center of any economic recovery, from downstream to mainstream, exactly where it belongs.
*http://edition.cnn.com/2009/POLITICS/01/16/transition.wrap/index.html
**http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20040426005480&newsLang=en