A New Way of Looking At the Bailout

| 9/26/2008 4:53:35 PM

Tags: bailout, green investment, green jobs,

While the Senate wrestles to construct some kind of utilitarian financial bailout, economists and political activists have moved out of the Wall Street box – and into the green house.

With one-seventh the money it looks like it will take to bail out the economy (so $100 billion), an investment in green power would produce nearly twice the amount of jobs as the mortgage bailout would.

Businessman and Wind TurbineThese figures come from a study by two economists at the University of Massachusetts, Robert Pollin and Heidi Garrett-Peltier.

An article by Greenpeace media director, Glenn Hurowitz, expanded on the study.

“Instead of golden parachutes for CEOs,” he writes, “the government could finance America's transition from an oil- and fossil-fuel-dependent economy into one run completely on clean energy.” 

In addition to offsetting carbon, Hurowitz says a green-power stimulus plan would offset the jobs lost by the economic crisis and the rising price of fuel that is driving so many companies out of business. 

5/16/2009 1:13:40 AM

Many people suffered from credit crisis due to the current changes in the economic situation wherein the price of basic commodities increased including fuel and oil. This is why you really should check out opportunity.gov. Opportunity.gov is a Federal website that is geared toward people dealing with unemployment. It has helps for worker retraining and Pell grants for people who want to go back to school, and unlike quick payday loans, you don't have to pay them back. The available funding for Pell grants has dramatically increased, and also the tax credits for college students with the American Opportunity Tax Credit, which are both part of President Obama's plans for supercharging higher education in our nation. Taking advantage of opportunity.gov might mean getting a job good enough that you'll never worry about debt relief. http://personalmoneystore.com/moneyblog/2009/05/08/opportunitygov/

Thomas G Fruge
10/12/2008 2:07:43 PM

Money is not the answer, it is the problem. People are the answer. people organizing and working together. money controls our freedoms and liberty's. It fuels greed,selfishness in men, like fuel does to a fire. Causes desention and hate amongst the people. seperates us into two different classes. putting others above the rest.

Thomas G Fruge
10/12/2008 1:55:45 PM

read the Banker's Manifesto of 1892. And you'll see this is no misteak. This is all part of the plan for the new government. The Corerate America Freedom in America and in the world is a thing of the past. The only way were going to get it back. Is for the people to take charge and get it back! Cause the rich High and mighty who are profitting from it. Aren't going to give it back to you. You start by breaking away and being more self sufficiant. Look toward family friends and neighbors for help. Not greedy businessmen. Work together as a community.

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