Tomorrow the U.S. Department of Labor will release the official May 2010 unemployment figures but early estimates are that this number will drop from the 9.9 percent seen in April to 9.7 percent. A drop is a drop but 9.7 percent unemployment is unacceptable. Last year, in the midst of the worst economic recession since the Great Depression, President Obama explained his plans for economic recovery and dubbed this the New Foundation.
The New Foundation has five parts: Wall Street reform, education, reducing the massive federal deficit, health care reform, and last but certainly not least - clean energy. Yes, a clean energy economy can help the nation solve a multitude of problems, including the unemployment crisis.
Yesterday President Obama addressed a crowd at Carnegie Mellon University and discussed how each of these initiatives is progressing. Unfortunately, the clean energy economy isn't moving along as quickly as everyone would like. What's the problem? The lack of comprehensive energy policy.
"We consume more than 20 percent of the world’s oil, but have less than 2 percent of the world’s oil reserves. So without a major change in our energy policy, our dependence on oil means that we will continue to send billions of dollars of our hard-earned wealth to other countries every month -- including countries in dangerous and unstable regions. In other words, our continued dependence on fossil fuels will jeopardize our national security. It will smother our planet. And it will continue to put our economy and our environment at risk." Source: White House
We need to implement a comprehensive energy policy and we need to get climate change legislation signed into law. Both of these actions will help boost our nation's clean energy economy.