Let me start off by saying that although my major was business in college, I do not claim to be an all knowing holy grail when it comes to macro or micro economics. Further, I do not claim to be an expert on all things financial in our economy.

You may ask, what the hell is a California Motorcycle Accident Attorney and Personal Injury Attorney doing writing about the recession and economy on a Biker Law Blog.

The answer is because I can 🙂  I sometimes write off topic articles that interest me, and that I think will interest my readers and cause debate.

Now let’s get to my simplified explanation for the recession and my solution.

The Problem

I firmly believe that the United States is in a deep recession because of the price of oil, bottom line.

You can read several articles I have written on the subject by clicking here, and by clicking here. At the time I wrote my articles, I predicted that the unprecedented and artificially high price of oil would destroy our economy. I was right.

I am not claiming that the outsourcing of jobs by traitorous American Corporations did not have anything to do with it, because it did.

You see the high price of oil, increased the price of everything in our economy because our entire economy is dependent on oil.

Once oil went up, we lost millions of jobs, people could not pay their mortgages, people lost their houses, etc. The bad loan situation was exacerbated by the fact that people lost their jobs.

Once the ball got rolling we had deflation in certain markets, especially home prices. (Deflation is the decrease in prices)

It all started with oil prices going up to an unprecedented level during the previous administration.

I say follow the oil money to find out what is really going on; this is the subject for another article.

The Solution

If you accept my premise that the artificially high price of oil caused our economy to take a dump, than it will be easy for you to accept my solution to the problem.

I am calling for every single building in the United States, including homes,  to be fitted with solar panels, and a solar charging system within 10 years. I am also calling for every new building to have solar panels and a solar system installed when it is built.

As part of my solution, none of the solar panels or solar systems can be manufactured in any other nation but the United States. This would include any and all components of said systems.

My solution would not only vastly decrease our dependence on foreign oil, it would also decrease demand, which would theoretically decrease the cost of oil exponentially if you believe that the market is free and driven by competition, which it is not.

My solution would put millions of American’s to work, help save our environment, and it would reduce our dependence on foreign oil.

If every building in the United States was fitted with a solar system, every building in the U.S. would be generating power for the grid.

My solution would have to be administered like Roosevelt’s new deal program, and the Manhattan project. We would have to approach this project like we did building the nuclear bomb.

There are many other green solutions that could be done to create jobs, reduce our dependence on foreign oil, and to decrease the cost of oil, such as ocean wind farms, land wind farms, ocean tidal generators, land solar thermal power plants, etc.

All it would take is a motivated people, and government, who are not taking kickbacks from big oil to NOT do such a project.

How will this be paid for? Well let’s see, how many billions of dollars have we spent in Iraq and Afghanistan to rebuild their countries? Most likely a hell of a lot more than it will cost us to implement my plan.

The cost can be privately paid with tax incentives, publically paid subject to low interest pay back from building owners, or publically paid for depending upon income levels of the owners of buildings. The public can be paid back for the investment by way of low monthly payments that are analogous to power payments to utilities.

The United States needs to start investing in its infrastructure, and its future to be economically competitive in the future. Why not start with my grand plan? Yes it will cost a bundle.

I wonder how many American jobs can be created by requiring solar systems on every building in the union. I wonder how much oil will be saved by requiring the same. I wonder how much cleaner our air and sky’s would be by requiring the same. I wonder how low oil prices would go, if within 10 years, our demand for oil was cut by 50-75%.

Hell a byproduct of my plan would be to require manufacturing here in the United States. Hell you never know, maybe we will learn to start making things again instead of outsourcing everything to China.

I hope that this article reaches the powers that be in this nation. Maybe just maybe, it will be implemented.

By California Motorcycle Accident Attorney, and Biker Lawyer, Norman Gregory Fernandez, Esq., © 2010