Robert Nabloid

The Green New Deal: Stocks That Stand to Benefit

The New Deal didn't work, you said it yourself, the Depression was too bad for it to work and lift us out. You can't spend your way to sustainable prosperity with debt dollars and completely neglect building an economy. It doesn't work that way. Never has, never will. You need a real economy to emerge, period!

Many economists believe the New Deal worsened the Depression - it sure didn't create a real economy. The war changed our economy in a lot of fundamental ways that can't be ignored. Economists can debate whether the New Deal helped or not, but it didn't lift us out of Depression and it wasn't responsible for the mobilization of our economy either. A NEW DEAL, such as the author is discussing, might work better as long as it's aimed at creating a real economy - but even it won't work out as well as most "hope" if we are all completely waiting for government to do it all - private companies and individuals must be involved in a big way and they MUST be sustainable even without any government subsidies - and many companies are! So, thankfully, with or without government help, things are being done. I know dozens of companies that have been around for over five yeas and are well on their way to accomplishing amazing things, without government subsidy.

On Dec 16 01:02 PM frflyer wrote:

> Robert Nabloid
>
> "I think if you take a closer look at the New Deal, you would see
> the only reason we came out of that recession was a world war. The
> New Deal didn't really help things... "
>
> That is revisionist history at it's worst. The reason is took WW2
> to finally pull the country out of the depression was because of
> how deep the depression was, not because the New Deal wasn't working.

>
> It was the new deal policies that led to the growing middle class
> in the fifties and sixties. Some would like to go back to the robber
> barron days that brought about the depression to begin with. We
> have almost achieved that under Reaganomics, which has left behind
> 80% of Americans over the past 25 years.

The Green New Deal: Stocks That Stand to Benefit

I agree we need to develop alternative technologies and those that invest in the right companies will do very well.

"But unlike 1932, none will be more difficult – or more important -- than weaning this nation off its 100-year dependence on fossil fuels, and repairing our aging, crumbling infrastructure."

I'd say weaning ourselves off our dependence on foreign debt is even more important to the economic health of this country - though it is certainly linked to our dependence on foreign energy (but it also has something to do with our excessive consumption of goods from foreign nations as well and our willingness to borrow against future earnings).

Our dependence on foreign energy is a major problem that needs to be fixed - and is being fixed as we speak. Look at companies like Sterling Energy Systems with their multi-billion dollar contracts to build solar concentrators in the desert. There are a ton of companies doing research as we speak and have been doing research over the last five to ten years. We are, and have been, working on the problems - the USS America is a big ship and doesn't turn on a dime.

All that said, I have my doubts about whether Obama, or any single man, can turn the ship around in short order by utilizing more debt and running the printing presses full steam ahead. I think if you take a closer look at the New Deal, you would see the only reason we came out of that recession was a world war. The New Deal didn't really help things...

What Constitutes an Alternative Energy Company?

Ultimately I think GE will become increasingly green, so expect the percent of green sales to increase quickly. I believe they will do this as it begins to make sense from an economic standpoint. GE can't turn green overnight - they are a massive company - but at least they are one of the large companies that is trying to steer into the right direction.

Economics will dictate what they do in the future and "green" is now profitable. Who would think GE would have gone green and began to generate so much green revenue in a few short years?