Tom Friedman once said "our economy is based on people suing each other and selling each other houses."
Well, half of that has gone into the toilet. Thank God people are still suing each other.
What's happened is there has been no new industry created in the U.S. since the 90s digital revolution. Bill Clinton got credit for that because it happened on his watch.
Banking, housing, etc. NEEDS NEW INDUSTRY to keep going.
We sit around whining about trade agreements, when instead we should be developing new industry to take the place of the stuff that goes overseas.
We need new political leadership to get the U.S. government behind the concept of saving the planet. Environmental technology will be the next economic boom (a la the computer boom of the 90s.)
The oil executives in the White House let 8 years go by without addressing this, plus they bankrupted the U.S. treasury and decimated the U.S. military with their war.
I like to buy and sell stocks in my IRA. I have been looking for renewable resources and environmental technology companies to buy. Guess what? THERE AREN'T ANY. At least, there are very few.
About 8 months ago, I bought stock in a company called First Solar (they make solar panels) for $78.50 a share. Check out what it's trading for today:
http://finance.yahoo.com/...
Where are the other companies like this?
Where are the companies turning algae into jet fuel? Where are the wind resources companies?
C'mon people, let's get this economy moving again.