Go Big, Obama: Give Us a 10-Year Jobs Plan
Monday, September 5th, 2011
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As Long as They’re Calling You a Socialist, Go All the Way
What does “Labor Day” mean to the 15+ million unemployed?
Below is our Happy Labor Day card to President Obama in advance of his address to the nation Thursday, Sept. 8, about proposals for alleviating the nation’s chronic unemployment crisis. The jobless rate is stuck at 9.1 percent, but it’s really over 16% counting the under-employed who find only part-time work or those who have given up looking. The unemployment rate is near 17% for African Americans and 18% among Americans under 24.
Barack Obama has been in office for 2 1/2 years. Republicans in Congress have blocked every effort to revive the economy, and anything that has passed they insist has failed (though they secretly like the stimulus). They figure more jobless = fewer votes for Obama and Democrats. Thus far, Obama has sought to “find common ground” with a party that blocks him at every turn. No matter what he proposes on Thursday, they will say America cannot afford it, that government is the problem, not the solution, and that only reducing “job-killing” regulations and taxes will kick-start job growth. Eight years of George W. Bush disproved that theory. Obama and Democrats—and we ordinary citizens who want the stalemate to end—must affirm that government can and must help create jobs because no one else will. U.S. corporations, enjoying record profits, are sitting on some $2 trillion in capital, reluctant to hire because of depressed consumer demand. Rational behavior.
We believe that in addition to a big, bold, WPA-style jobs program described below, the government should also extend federal unemployment benefits and the temporary payroll tax cut for employees beyond the end of 2011. Also, the highway trust fund should be reauthorized before it ends Sept. 30: that could prevent furloughs of current workers and create up to 120,000 jobs a year through 2014. See other proposals here and here. Some say the U.S. cannot “afford” government action. We say the U.S.—and the world—cannot afford our inaction.
The letter to the president follows after the jump.
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