Common Factor Denotation Concept Introducing A Revolution in the U.S. Economy
Dr Surendra Bhakta Pradhanang
February 26, 2010
A revolutionary idea for creativity remains always scarce and limited. A good concept is once born that takes up a timely step for sincere growth and progress from stage to stage. It is one time born, but for several times be doomed. The time opportunity has to grasp the idea by the people for the people and by the government to the government. It rarely appears and shows at the time of social and economic pain of society watching the economy recession and depression at the global or national crisis. There should be appetite for real recovery on our side. It is starkest and most troubling economy to bring back and maintain happier and healthier and sea of love in the public community. It jolts to all of us.
Aftermath of the present U.S.economy, America urges the Common Factor Denotation concept to bring back to normal position of the U.S.economy and its betterment and progress for stability. The economic stimulus package plan of $ 787 billion brought by President Obama could not have functioned effectively to the national economy so far. The money led plan alone can not get progress and develop the national economy unless an appropriate timely thought for implication is operated.
The government authority states that economic recession is over and started recovery. But Obama is late to lighten the U.S.economy in real term. The average American is not satisfied with the present economy. He may be possible when to follow up the Common Factor Denotation concept recently propounded by Dr Pradhanang of Nepal who is Nepal born economist and Father of Village Tourism in Nepal. The capitalist economy was followed by America when Germany born Marx economist and social theorist propounded the concept of capitalist economy. Similarly, the Free Market economy was applied by America when Brooklyn born Milton Friedman propounded the Free Market concept. For these operations, there were some assumptions and limitations to be conditionally followed In fact, everything is governed by the Time Factor.
Obama did his best following fiscal policy and step for economic measures to the national economy, but he could not have timely paid attention to the specific need based means or policy in the national economy importantly through high sensitive oil economy reforming in America. The Common Factor concept brings a significant change and positive effect in oil economy if it is fitted in the right direction. It tends to rescue cost by more than 40% in the U.S.economy when the oil economy is possibly to be stable at the perfect equilibrium point.
On the other hand, the U.S.Congress is also keeping silent at all. All congressmen in majority are also equally accountable to national issues and economy. Best of all, they must think of Common Factor Denotation concept and raise their united voice global voice of America for better America and global world. Today, there is no other better means than Common Factor Denotation concept to America as revealed the present time and situation.
The people of America are being waited and watched Obama administration since the long time, but the recovery of U.S.economy is not experienced by the general public at all.
Instead, personal disposable income and employment opportunities have meltdown severely. The unemployment rate is threatened by 10%. The economy lost more than 7.2 million jobs since the recession started in December 2007 including 3.4 million since President Obama administrated office in January, 2008 .The bad economy drawing back people into therapy caused by anxiety, depression, sleepless nights, stress, and low income or no income by 15% - 20% is threat to the U.S.economy. The recession resultantly exhibited negative economic growth declining output. There have been 11 recessions recorded since World War ll.In the most two recent recessions from July 1990 March 1991 and March November 2001,the unemployment level was not decreased to prerecession positions for a long period of time.
Today, oil in the U.S.economy has been so important to America that it can not exist without it. Hence, America seems addicted to oil. For energy and driving purpose, it needs oil. America accounts for 25% of the world´s oil consumption. America having 5% of the world´s population spends more than $ 200,000 per minute on oil import to meet demand. In 2007, America imported 3.6 billion barrels of crude oil. It is more than 53% of that imported oil came from OPEC.
OPEC is a cartel or monopoly in oil production, distribution and pricing since the long time that control and manipulate the global price of oil when we talk of Free Market and Perfect Competition.
The thirst of oil affected balance of trade deficit and suffered from cartel policy to America and forcefully admitted to the political game of oil rich. Oil is nature´s property that should be shared by all in a good system and global welfare of mankind. It is in other way earth´s nonrefundable part of organ which must not be cut off without due consideration in quest of money and power politics. In nature, the earth´s surface has to be globally good and right for ever where we live in. Positively, the conscious international community or U.N.O.organ ought to care of the oil consumption, distribution and production in term of common rights and obligations.
The increase in the price of oil has a negative impact to the U.S.and global economies and global environment. The major factor of supply and demand determines the price of the oil. The supply shortfall would cause serious price inflation, unless demand is mitigated with option and use in planning. As the two quarters of statistics of 2008 revealed, there was a global recession made worse in oil prices and environment. World demand for oil is projected to 118 million barrels per day followed by an increase of 37% over 2006 levels by 2030.
The thirst of oil spread in the developing economies too. Demand growth of oil in the developing countries is highest in figure. But the United States of America is the world´s largest petroleum consuming country. Following the statistics between 1995 2005, U.S.consumption of petroleum showed increase from 17.7 million barrels a day to 20.7 million barrels a day. It showed 3 million barrels a day increase in petroleum.Comparaively speaking, China increased consumption from 3.4 million barrels a day to 7 million barrels a day, which is an increase of 3.6 barrels a day in the same period of time recorded.
The oil consumption pattern in the U.S. and global economies is not good. It should be controlled in time with a system. The oil is not water to be thirsted. Oil is Nature´s property that should be naturally used and internationally managed with global agreed charter and price. No one should hamper to Nature and Earth at any cost. To maintain the U.S. and global economies, Common Factor Denotation concept is a must for sustainability and progress. Hence, for implication in the U.S.and global economies, President Obama as well as the U.S.Congress has to think over.
Aftermath of the present U.S.economy, America urges the Common Factor Denotation concept to bring back to normal position of the U.S.economy and its betterment and progress for stability. The economic stimulus package plan of $ 787 billion brought by President Obama could not have functioned effectively to the national economy so far. The money led plan alone can not get progress and develop the national economy unless an appropriate timely thought for implication is operated.
The government authority states that economic recession is over and started recovery. But Obama is late to lighten the U.S.economy in real term. The average American is not satisfied with the present economy. He may be possible when to follow up the Common Factor Denotation concept recently propounded by Dr Pradhanang of Nepal who is Nepal born economist and Father of Village Tourism in Nepal. The capitalist economy was followed by America when Germany born Marx economist and social theorist propounded the concept of capitalist economy. Similarly, the Free Market economy was applied by America when Brooklyn born Milton Friedman propounded the Free Market concept. For these operations, there were some assumptions and limitations to be conditionally followed In fact, everything is governed by the Time Factor.
Obama did his best following fiscal policy and step for economic measures to the national economy, but he could not have timely paid attention to the specific need based means or policy in the national economy importantly through high sensitive oil economy reforming in America. The Common Factor concept brings a significant change and positive effect in oil economy if it is fitted in the right direction. It tends to rescue cost by more than 40% in the U.S.economy when the oil economy is possibly to be stable at the perfect equilibrium point.
On the other hand, the U.S.Congress is also keeping silent at all. All congressmen in majority are also equally accountable to national issues and economy. Best of all, they must think of Common Factor Denotation concept and raise their united voice global voice of America for better America and global world. Today, there is no other better means than Common Factor Denotation concept to America as revealed the present time and situation.
The people of America are being waited and watched Obama administration since the long time, but the recovery of U.S.economy is not experienced by the general public at all.
Instead, personal disposable income and employment opportunities have meltdown severely. The unemployment rate is threatened by 10%. The economy lost more than 7.2 million jobs since the recession started in December 2007 including 3.4 million since President Obama administrated office in January, 2008 .The bad economy drawing back people into therapy caused by anxiety, depression, sleepless nights, stress, and low income or no income by 15% - 20% is threat to the U.S.economy. The recession resultantly exhibited negative economic growth declining output. There have been 11 recessions recorded since World War ll.In the most two recent recessions from July 1990 March 1991 and March November 2001,the unemployment level was not decreased to prerecession positions for a long period of time.
Today, oil in the U.S.economy has been so important to America that it can not exist without it. Hence, America seems addicted to oil. For energy and driving purpose, it needs oil. America accounts for 25% of the world´s oil consumption. America having 5% of the world´s population spends more than $ 200,000 per minute on oil import to meet demand. In 2007, America imported 3.6 billion barrels of crude oil. It is more than 53% of that imported oil came from OPEC.
OPEC is a cartel or monopoly in oil production, distribution and pricing since the long time that control and manipulate the global price of oil when we talk of Free Market and Perfect Competition.
The thirst of oil affected balance of trade deficit and suffered from cartel policy to America and forcefully admitted to the political game of oil rich. Oil is nature´s property that should be shared by all in a good system and global welfare of mankind. It is in other way earth´s nonrefundable part of organ which must not be cut off without due consideration in quest of money and power politics. In nature, the earth´s surface has to be globally good and right for ever where we live in. Positively, the conscious international community or U.N.O.organ ought to care of the oil consumption, distribution and production in term of common rights and obligations.
The increase in the price of oil has a negative impact to the U.S.and global economies and global environment. The major factor of supply and demand determines the price of the oil. The supply shortfall would cause serious price inflation, unless demand is mitigated with option and use in planning. As the two quarters of statistics of 2008 revealed, there was a global recession made worse in oil prices and environment. World demand for oil is projected to 118 million barrels per day followed by an increase of 37% over 2006 levels by 2030.
The thirst of oil spread in the developing economies too. Demand growth of oil in the developing countries is highest in figure. But the United States of America is the world´s largest petroleum consuming country. Following the statistics between 1995 2005, U.S.consumption of petroleum showed increase from 17.7 million barrels a day to 20.7 million barrels a day. It showed 3 million barrels a day increase in petroleum.Comparaively speaking, China increased consumption from 3.4 million barrels a day to 7 million barrels a day, which is an increase of 3.6 barrels a day in the same period of time recorded.
The oil consumption pattern in the U.S. and global economies is not good. It should be controlled in time with a system. The oil is not water to be thirsted. Oil is Nature´s property that should be naturally used and internationally managed with global agreed charter and price. No one should hamper to Nature and Earth at any cost. To maintain the U.S. and global economies, Common Factor Denotation concept is a must for sustainability and progress. Hence, for implication in the U.S.and global economies, President Obama as well as the U.S.Congress has to think over.
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