We’re in a vicious cycle. The only way out of it is to put more money into the pockets of average Americans. That means extending the payroll tax cut. And extending unemployment benefits.
Don’t stop there. Create a WPA to get the long-term unemployed back to work. And a Civilian Conservation Corp to create jobs for young people.
Hire teachers for classrooms now overcrowded, and pay them enough to attract people who are talented as well as dedicated. Rebuild our pot-holed highways. Create a world-class infrastructure.
Pay for this by hiking taxes on millionaires.
A basic bargain was once at the heart of the American economy. It recognized that average workers are also consumers and that their paychecks keep the economy going.
We can’t have a healthy economy until that bargain is restored.
Monthly Archives: November 2011
Robert Reich: Restore the Basic Bargain:
First dance. Performed by Teddy Grossman, Matthew Slutsky and Jonathan Hull. Epic night.
“By any conventional measure, and entirely through their own fault, the Republicans have produced a…”November 8th, 2011 by Joshua Skaroff
“By any conventional measure, and entirely through their own fault, the Republicans have produced a field of candidates so utterly comical, so completely devoid of conventional political merit, that the field itself is a strong evidence for the elimination of the Republican party. The frontrunner is a simuloid fake. The leading contender is a horndog as surprised to discover that women did not want him as he was to discover that China had The Bomb. The leading “intellectual” thinks Barack Obama “…is about as candid and accurate as Bernie Madoff in what he tells the American people” and then, of course, decries the incivility that is drowning out the important discussion we need to have about the issues facing This Great Nation. The rest of them are concerned about zygotes, black helicopters, and whatever else is simmering in the Bachmann-Paul-Santorum stewpot. And there is Jon Huntsman, the invisible former governor of Utah, reasonably sentient human, and proven non-horndog. This isn’t a primary campaign field. It’s a condo-board election at the Hell Country Estates.”
Hah! Go read the whole thing.