Green jobs, green jobs, green jobs. I wish the economy would develop the new cleaner sources of energy and the efficiencies highly needed in a building environment that consumes more than one-third of the energy, and accounts for 15% of the greenhouse gases and 80% of the CO2 emissions.
I look forward for a cash for home efficiencies program model in the success of the cash for clunkers that was the engine for vehicle sales during the summer. A modernization program to improve fuel efficiency on cars, by providing credit to consumers with funds from the Recovery Act, that help shore the auto industry.
This is very much needed in the construction sector, which despite the generally favorable trends in recent months, continues to report decline in revenue and job losses. This sector of the economy, which accounts for a little more than 5% of employment, has absorbed more than 20% of job losses since the downturn began.