Obama Solution to Economy Crisis : Greener Energy

After Mr. Obama defeated Mr. Mcain and marked his place as the 44th US President. With the winning of the US presidential race, the next big task which revolves around the new president is revival of the economy and creation of new jobs. While US employment rate is at 14 year low, at 6.5%, the creation of new jobs in this difficult times is really a difficult times.

To all the economy crisis, Obama solution is patronage of Greener Energy soltuions, which included building of Wind Turbines, fitting of solar cells units, leveraging of technolgy in building environmental friendly coal.With inclusion of such a new initiatives he pointed that it will create around 5 million jobs.But the question is where will the funding of such plans will come from? Will the govt. once again put additional tax on the tax payers, and raised the required fund? But raising tax again means, making Obama unfavorable among US voters. So this will be the last thing the new preisdent and his transition team will think of. But currently Obama is pursuing to implement its Cap and trade plan, under which Govt. will auction permit to companies, and with every successive year it will reduce permits, thus reducing the Greenhouse gas emission in the atmosphere. The money generated with this auction will be used for more job creation.

Though Obama greener plans currently sounds more oppurtnistic and in favor of the economy, but lets see what will happen next, when he will put this plans into execution.

Thanks&Regards,
Mohit