Monday, September 8, 2008

It is the Economy Stupid

US unemployment rate hit 6.1 percent, half a million US People lost their jobs in August, the total unemployed is 9.3 Million out of 154 Million workers (as per Bureau of Labor Statistics), and the C-CPI-U, Chained Consumer Price Index Urban, was 4.8 percent higher than in July 2007.

Not sure yet if it is true that oil companies don't pay any taxes at all as some political analyst are saying. If that is true, it seems hopeless to assume that corporations will act for the good of the country when it comes to job creation. And don't we need manufacturing jobs...? Preferably in alternative energy technologies like solar, wind, thermal, technology. In 1968 we were the worlds top car maker and car seller. Now what can we make in the US to replace automobiles.

Everyone is still asking these questions, right? And we know we can't be the worlds biggest seller and maker of weapons...it is unethical, right? How about designing the worlds best cities and buildings with the most technology like the bio-domes. We know the Chinese are already making nuclear power plants and hydroelectric power plants and building pipelines and oil refineries all around the globe.

http://www.bls.gov/news.release/empsit.nr0.htm
http://www.bls.gov/news.release/cpi.nr0.htm

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