Green Recovery Now

ECONOMY

Green Recovery Now

The American economy has been heading in the wrong direction for seven years, as conservatives rewrote the rules of the market to reward corporate excess and to deprive American families of economic opportunity. The wave of toxic debt crashing into Wall Street is but a symptom of the broken economic fundamentals that have made good jobs, good education, and good health care harder to find for most Americans year after year. The Bush administration's exploitation economy has drilled our nation to the benefit of oil companies, multinational corporations, and billionaire speculators, leaving the next administration -- and the next generation of Americans -- with a broken economy and planet to repair.

The national response to these crises must be swift and wise, stimulating a green recovery with the renewable resources of innovation, hard work, and clean energy. "Green Recovery," a new report published by the Center for American Progress from the University of Massachusetts Political Economy Research Institute (PERI), explains how a $100 billion stimulus over two years would create two million new jobs in a clean energy economy, with a significant proportion in the struggling construction and manufacturing sectors.

Read the rest of the article at: The Progress Report Archives

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