The Money Party has done nothing about negative job growth. The party's Republican and Democratic factions won't even mention that this has gone on for eleven years.
How About a Job Growth Program for People
What work will they do?
Fixing the nation's infrastructure is an excellent place to start. The American Society of Civil Engineers did a report care on the nation's infrastructure. They found bridges ready to collapse, buildings unfit for use, and public transportation in a sorry state to name a few of the $2 trillion worth of repairs the nation needs. That project would create jobs and have a multiplier effect on the economy through greater efficiencies and opportunities as a result of the repair work.
Stop shipping jobs overseas and people will keep the jobs they have. Give up on free trade for them and a royal screwing for us. Think of people first and corporate convenience, control, and CEO bonuses last.
Brad DeLong at UC Berkeley developed a model that estimates a 1.67% increase in gross domestic product (GDP) for each point reduction in unemployment. There are other models but let's use this one.
Take the official Bureau of Labor Statistics (BLS) unemployment rate of 9.1% and the 2010 GDP of $14.66 trillion. Reduce unemployment by 6 points and GDP increases 10% to $16.1 trillion.
Better yet, let's use a more accurate representation of the job situation. BLS publishes an alternative unemployment statistic, U-6 (p. 26), showing 16.1% unemployment. U-6 includes: "Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.
If we reduce U-6 from 16% to 6%, that would increase GDP to $17.1 trillion.
Why is sustained negative job growth the problem that can't be mentioned?
Why won't they address it specifically?
A Crisis of Imagination or Venality?
The Money Party is short on imagination. It won't allow its minions, the servants of power, to think outside the box of the status quo. The party is a one trick pony.
The party is also short on compassion or even the most elementary forms of common decency. It's OK to see millions of people evicted, jobless, without health care, etc., as long as short term profits are maintained for those CEO bonuses and other enrichment for a tiny minority. It's perfectly acceptable for this to go on despite available solutions. If you don't look, it's not there should be their motto.
It's time for The Money Party to go, all of them. Living under their tired, inhumane rule has become intolerable.
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