This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

New Jobs That Can Save the U.S.: Opinion

Stocks in this article: BP

My solutions include delaying a vote on the Pelosi/Obama programs listed above until Congress and the American people can analyze and debate them in public, and not before we have three consecutive months of job growth. I am suggesting a realistic policy that any prudent government would take at this time. However, we live in a country where the legislators do not really debate the new laws in public and the legislators do not even read or understand the laws before voting on them. Therefore, the chances of any Congress or president to create good national policies is severely limited because the lobbyists write most of the legislation and the legislators just vote as they are told to vote.

Job Creators

1. Cut back 50% on all foreign aid, reduce our contribution to the U.N. to 5%, and make the richer countries of the world, some of which were not independent when the U.N. was created, take on some of the load. I can assure you that the U.N. will conduct its operations more efficiently if this happens. Redirect all the savings from foreign aid cutbacks into physical infrastructure in the U.S. and college scholarships for American citizens.

2. We can reduce our balance of trade and current account deficits by huge amounts if we convert all of our vehicles to an interim and abundant fuel that we have right here in the U.S.: natural gas. Battery power is not a good solution because manufacturing and disposing of batteries, as well as creating the electricity for recharging them, cause pollution. Nothing in life comes free. Cap and trade kills jobs, as has been proven in Spain, which tried it and where unemployment now stands at 18% because they lost two regular jobs for each green job they created.

Natural gas is a gift from heaven that can be used as a massive jobs creation machine. It also reduces pollution. Think of how much we could cut pollution if we eliminated the use of all the heating oil now used to heat homes and businesses and heat water. We have the natural gas to accomplish this and much more. We have enough natural gas to convert all of our coal-fired electric power plants. We should follow the lead of France and eventually get 90% of our electricity from nuclear power, and we must start to reprocess commercially spent nuclear fuel as the French do. This would help solve our nuclear waste disposal problem.

4 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,687.49 +226.17 1.37%
S&P 500 1,950.89 +23.78 1.23%
NASDAQ 4,446.3920 +63.5450 1.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs