Action on Jobs
This economy is in trouble. The jobs picture -- already bleak -- is getting worse, not better.
Jobs are scarce, wages are declining, health benefits are being reduced and basic services -- from teaching to policing to food safety inspection -- are being cut. This thing isn't working for working people.
There are common-sense things that should be done. Interest rates are now cheaper than free. (Interest on U.S. Treasury 10-year bonds hit a record low 1.45 percent last week, far less than inflation. Investors are essentially paying the U.S. government to park their money in a safe place).
That means the U.S. can now borrow money for no cost to rebuild its aged and decrepit infrastructure. It will never be cheaper to do so. And with the construction industry flat on its back in wake of the housing collapse, there are skilled workers willing and ready to work. Roads, bridges, airports, sewers, mass transit, fast trains and retrofitting public buildings for energy efficiency -- all these will produce economic benefits with far greater gain that the borrowed money will cost. As the conservative
That is but a first step. One easy way to generate jobs is revenue sharing with the states -- first championed by conservative Republican President
In addition, the federal government should pay for direct jobs programs in targeted areas. President Obama has called for a jobs corps for veterans to ensure that no veteran returns from risking his or her life abroad to unemployment and despair at home.
In a time of national crisis, cynical partisanship is getting in the way of action.
- Why The Economy Can't Get Out Of First Gear
- Action on Jobs
- The Upside of the Downside
- Obama's New Global Posture
- Trading Up in Asia
- Global Economy: The Have-Littles and the Have-Nots
- The Robin Hood Tax
- The Tinderbox Societies
- The Job Stall
- Bank of America's Healthier Roots
- Wall Street's Speed Freaks
- Grassroots Victory Over Big Business
- Austerity Strategy is Fatally Flawed
- Waiting for Copernicus
- Why the 'Pro-Growth Centrists' are Wrong
- Why Europe's Double Dip Could Lead to One in United States
- Why Fairness is Essential for Economic Growth
- Tax Dollars and (Common) Sense
- This Economy Stinks Worse than You Think
- The Decline of Labor and the Future of the Middle Class
- Worker-First Philosophy All Too Rare
Action on Jobs | Politics
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