Posts Tagged ‘ecomonic stimulus’

SUGGESTION NO. 4: INSULATION STIMULATION

Saturday, November 8th, 2008

Congress intends to pass another economic stimulus package to get our economy up and running. Let’s not make the same mistake as the last one.

Last time, we all got a check in the mail from Uncle Sam which we could spend any way we wanted. Though I haven’t seen any studies on where the money went, I’ll bet a good share of it ended up in China, thanks to Walmart, Home Depot and a thousand other shopping outlets that trade in “cheapest” products. No doubt countless billions ended up in Saudi bank accounts.

I suggest we do it different this time. Instead of giving cash away, give away insulation.

There are tens of thousands of homes and businesses out there that burn foreign oil every winter just to keep their occupants warm. I drive by them every December morning and see their roofs glistening wet instead of frost-covered — -a tell-tale sign that there is inadequate insulation inside or none at all. As long as the government is going to “give away” money, I suggest they do it in a manner that gives money back.

Consider an oil burning home. If you vigorously insulate it, it will burn less oil. It is as simple as that. But the implications are profound: Every month, month after month, year after year, less oil is imported to heat that house. That means that less money is being shipped from the U.S. to the Middle East (you know, that part of the world where Americans are held in such high esteem). And ask yourself, if money isn’t being sent off to Saudi Arabia, then where is it going? Well, J.Q.Public will have a few extra dollars in his pocket each month to spend on stimulating the economy (or maybe even putting in a savings account!). And this will go on month after month, year after year. And did I mention, there will be less CO2 rising from J.Q.’s house month after month, year after year?

This simple solution ends up killing an entire flock of birds with one stone: 1) it reduces our dependence on foreign oil and helps our balance of trade; 2) it gives J.Q. a tax-free raise that continuously stimulates our economy forever; 3) it gives the insulation industry a giant shot in the arm, and very importantly, 4) it reduces global warming.

It should become immediately apparent that insulation is just the simplest avenue available to Congress to create real stimulus. The same result can be achieved by giving away solar collectors that would turn off hot water tanks from Seattle to Sarasota. Again, CO2 is reduced, fewer oil tankers ply the Atlantic, and J.Q. rushes out to buy a new Chevy “Volt” with the money he saves on his oil bill.

Win. Win. Win

So, Congress, as long as you’re going to give money away again, try putting it where the sun shines.

Richard