Bail Out Wall Street or Green Jobs?

Its funny that I stumbled across this article because I had an argument with a fellow classmate about this same issue. My argument was about the Wallstreet bail out plan and what it would do to the country. We are in essence investing money back into something that has proven to be corrupted and unreliable. We are fixing a debt but causing more debt without any reliable form of security on our investment. Its basically as simple as this. You go to Vegas and double up on your first bet. You continue this process for a few hours and while your on a roll you decide to go all in. You roll the dice and you crap out! Here is where things get tricky. So you've lost all your money and you need to get back home. You can either pull out exactly what you need to get back home and learn you lesson about gambling, or you can pull out the same amount and throw it all back on red. Now lets put this example into a new perspective. Wall street has been gambling with other peoples money for sometime now. These corrupted jerks finally crap out and put America on another "red alert" so to speak. Our government lets us know we are going to pull the money out of the tax payers hands and put it all on red and obviously let it ride until the big guy is satisfied. For some reason this option doesn't satisfy my needs or my safety. My idea was simple. How about we take half or all that money and invest it into something positive! Maybe some green jobs? Maybe help American become independent from foreign oils? They people laughed at my simplicity. The response I got was "There is too much risk involved in that".

"A new report just released by the U.S. Conference of Mayors says that we can create over 4 million green jobs if we aggressively shift away from traditional fossil fuels toward alternative energy and a significant improvement in energy efficiency.

Another report just released by the Political Economy Research Institute and the Center for American Progress shows that the U.S. can create two million jobs over two years by investing $100 billion in a green economic recovery plan. The report also shows that this investment would create four times more jobs than spending the same amount of money within the oil industry.

Green For All and its partners are proposing a Clean Energy Corps that includes a revolving loan fund to finance the ambitious retrofitting of the nation’s building stock. An investment of less than $3 billion per year would provide financing and can be expected to create close to 120,000 green jobs a year and 600,000 over five years, while also lowering home heating and electricity bills for homeowners and small businesses."

-Huffington Post