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Showing posts with the label jobs

Economic stimulus with initiatives in energy and infrastruture creating jobs and wealth!

Obama as President will be kick starting a massive $800b investment in energy and infrastructure. It is an excellent move to think of 5 to 7% of national economy to be used for priming the economy. Two cardinal principles, of course, I expect the wise architects of this massive conscious effort,to follow. One is employment generation with creation of permanent assets which all the future generations would be grateful for being a wealth generator and not budget guzzler posting losses and proving to be financial burden; secondly this opportunity should be treated as a historic golden chance to cause a paradigm shift in our life style reducing dependence on fossil fuel as much as possible. One such massive and ideal initiative to my mind is to implement alternate gravity energy based transportation technologies of US origin, to eliminate import of 8 to 10 million barrels of oil daily, prevent spewing out of 3.5 billion tons of carbon annually while making handsome profits of 30 to 40% pro...