The seven aforementioned jobs-creation programs funded by these new revenue streams would create 14.7 million jobs in the first year to jump start today's stagnating economy, and fund a continuing 4-6 million jobs in each of the next four years as well.
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In summary, it is becoming increasingly clear that corporate America is now comfortable with a much higher level of unemployment than was considered normal in years past. What was "normal' in the past, around 4.5%, is now said by corporate America to be obsolete. They say the "new normal" is 8 to 9%, or about twice that in the past. But we must reject this. And if corporations flush with trillions in cash refuse to hire sufficiently to reduce unemployment to 4.5%, then the government must become the direct employer of choice, even if that means "competing' with the private sector, directly, as an employer. This choice is stark: either the government must engage in direct job creation, or we the decimated middle class now "on the ropes" must learn to live with today's 9% level of joblessness for decades to come.
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