1. The electric car
2. The air car

The Economy's Woes

One of the most explicit reasons why this economy is equitable less than spectacular is since of all the check that is continuance spent in Iraq. No one ever talks about how this police action affects the guideline American citizen. No one ever explains that the US citizen is the US economy. Provided we don't carry means to spend or are unwilling to spend the bucks that we cause have, the economy either slows down and/or comes to a halt. So it's also manageable to distinguish that as we energy so goes the economy. To create things worse, every dollar that is printed and place into circulation has obligation calculated into its value. What this money is that everyone dollar is borrowed money. The chips is borrowed by the US control from the Federal Reserve. On the other hand how does the management salary this debt? Taxes. So we the general public remuneration taxes in baggage to recompense off the government's debt to the Fed. Nevertheless the individual currency that we can earnings taxes with is the dollar itself, which creates an infinite loop. To hire it a system further, the attentiveness is compounded.

Prior to the Iraq invasion, the Bush government took the US into debt when there was a considerable surplus. So the banknote that was needed to open the invasion didn't much exist. Beefy it didn't exist for No Youngster Left Behind. So Bush got Congress to authorize borrowing also beans from the Fed. As the fed authorized the polity to print besides money, the dollar weakened which income that the excitement owed per dollar increased thanks to it takes aggrandized resources to stipend the alike magnitude of interest. Again, the debt will be paid by the people. As I stated earlier, the community are the economy. One object that dudes don't expect about is that the dollar has no "real" value. The dollar is not backed by any precious metals, resources, valid estate, technology, mental property, or anything that any male or society can appraise. The dollar is not bodily money. It's fiat coin that is backed by nothing. If a kingdom wants to cripple the US, they lone entail to reevaluate the dollar. The hitch with that is this would cripple the global economy as well. So the US, as right as other countries, are in a precarious position. The solitary countries that are on solid ground, category of solid ground, are the oil countries and countries moneyed in connatural resources. If there is a worldwide economic collapse, they can always barter. The countries that don't own a quota of accustomed means may accept to sell/trade elsewhere their land if it is of strategic relieve to a resource-rich country. On the contrary of course, resource-poor countries will be swindled absent of their land owing to they're desperate.

"REAL" Estate

Land will live on to be one of the most prized possessions on this planet. Unfortunately, most body politic don't anticipate about it in a relevant way. The corporeal estate bazaar is experiencing the bubble burst phenomenon. I be credulous that the essential estate industry as a solid is partially responsible, mainly the executives and CEO's sitting at the helm of this industry. Bounteous of these men and women are not dumb bunnies. There are innumerable academy graduates and MBA's that fill these ranks. There is further agedness upon caducity of acquaintance that fill their collective brain trust. I pride it ludicrous to deem that they did not discern this coming. Alan Greenspan referred to the activities of investors as irrational exuberance when referring to the inventory mart circa 1996. Manifold of those financial guys/gals, stock brokers, financial analysts, and pundits comparable didn't adore Greenspan's essential assessment of the financial climate. As far as these financial guys were concerned the marketplace needed to deal in going up so distant as they continued to sell financial products. About 4 senescence closest the gave back a abundance of its winnings. 401(K)s, TSAs, mutual funds, stocks and other financial instruments missing all over 50% of their market valuation (give or share a unusual points).

So if you contemplate at the authentic estate market, you don't chalk up to be Greenspan to discern that prices gunfire up as well fast, also high, and in very short a time. But further divers sample Joes and Janes were giddy with the prices their homes were forthwith worth. To dig an yet deeper ditch, a piece of homeowners sold their now homes for a higher priced newer national with their newfound fairness isolated to drink in that the property taxes you wages for higher priced homes is absolutely elevated for the principles Joe and Jane. Combine that with exorbitant subprime lending and you enjoy a dominant problem. A parcel of humanity don't grasp that subprime lenders were allowed to consign loans based on relaxed lending criteria. By who? Recognize one ever talks about that.

"Fed" eral Policies

The Fed (Federal Reserve) tells banks what rules they can lend by. The fed again tells banks how even cash they must cache in reserves. The Fed dictates how all the more currency will be in circulation in our economy. The Fed is the bank extreme all banks. There are indeed acute guys and gals that chore over there at the Fed. It's fresh to esteem that they did not gaze this one coming. It is frank to fancy that the agreeable commonality over at the State Firm of Realtors could not scheme that the genuine estate market was experiencing an folio of irrational exuberance. This phrase was coined one a meagre senility earlier by a male who ran the Fed for distinct years. Unfortunately, property appraisers were rewarded by mortgage brokers for justifying higher appraisals. Mortgage brokers sent appraisers else occupation and the banks approved extended loans. Round and round the carousel goes. Faster and faster the propel until cats birth flying off. All the while the Fed did nothing. This was exclusive detail of the problem.

The Invasion of Iraq

For most people, the invasion of Iraq seemed logical. We were afraid of the terrorists striking us again. We should attack! The peerless enigma was that Iraq had goose egg to accomplish with 9/11. The Bush polity adage to it that he scared up device for the invasion from the citizens and bluntly told the UN that we're going to invade Iraq still if the UN didn't agree. Dare I claim that I am the extensive prognosticator, but I didn't invest in it from the start. I in truth credit that diplomacy does work. I watched Gen. Colin Powell addresses the UN on WMDs and I didn't beam all of this so called evidence. He was a pawn. You see, prior to Bush winning the presidential choice in 2000, there was say that Gen. Colin Powell could be the cardinal coal president, as a Republican! The abstraction was that he would purchase the melanoid suffrage which Republicans knew would warrantly a win. He was respected by Republicans and several mortals for planning Manner Waste Storm. But various second childhood after his UN Security Council address, Powell does nearly an about face and tells Tim Russert (R.I.P.) on Expedient the press that he was misled and we should not acquire invaded Iraq. 5 dotage consequent we are effectively in a recession. George Bush calls it a "slow down," whatever that means. This is our president, a beacon of highbrow discourse and a stalwart of morals. I yet don't estimate he won in 2000. The persons were lied to. Probation elsewhere the HBO film Recount.

Big Oil, Burly Profits, Immature Social Responsibility

Back in the early 1900s, the meaning of an all electric machine was in the works. There was even an electric machine called the Baker Electric (you can as well google Owen Magnetic) back in 1909. Jay Leno has one (1909 Baker electric) in his garage that all the more works today! (google Jay Leno's Garage) Oil companies honorable these days compass the mode to create this technology, but they don't thirst to. Some argue that the oil companies are sitting on patents fly now. Instead they obtain certain to takings in compose profits while the economy comes to a "slow down." One hundred oldness has elsewhere by and much no advancement with the electric motorcar on a goodly scale. We've had such technologically new aircraft such as the Stealth bomber, and SR-71 Blackbird, and still we couldn't discover an electric car. Deliver me a break!

Thankfully there are private companies that are working on alternatives to the gas-driven internal combustion engine, but even fewer are working on completetly electric vehicles (Google Tesla Motors). There's even an air car! You can jewel it on youtube. Clearly we can act better. I determine it's not efficacious to wait for a crisis before we measure into action. We should always be on the look-out for a better, enhanced efficient habit of doing things. We should no longer endorse the "if it ain't broke, don't locate it" mentality. We would be bigger served if we adopted a "we can always beget it better" mindset. This is fundamentally a policy issue, which mode politics.

So I speedy with this. Neither Republicans nor Democrats retain done the matters that common people demand the most: higher quality education. I sole folder education for everything else flows from education. If folks were deeper educated about money, the criterion citizen would be amassed fiscally responsible. Education isn't even-handed going to the faculty crib and fascinating tests. Education is teaching students the importance and analogy of all things. A another educated populace would not tolerate the political games we are enthralled with today. A bounteous educated populace would corner a quantity less crime, if any, than we engage in today. A augmented educated populace would posses kept the nerve center on the evolution of humankind. We would be improved off if we were exceptional educated, but politicians of the ruling parties get done miniature to construct things more desirable for the American people.

REPUBLICANS 0.5, DEMOCRATS 0.6 Note: Congenial ideas keep come to fruition on account of of both of these parties, but I consider they aliment the humans scraps and sell them as hearty meals. Dem's onliest bias 0.6 since they affirm to be for we the people. Republicans satisfy 0.5 being they say to be for carte blanche of the express (i.e. less government, lower taxes). Neither obtain a adequate objective through they've both deceived the public. Nobody wins.