Employing The Unemployed
Tim Williams
July 18, 2009
To start with, lets look at some of the most sobering recent statistics that have befallen the United States. The first one is the true, not the reported unemployment figures and that is the national unemployment rate is over 13%. For cities whose populations exceed 500,000 the rate is even higher. For Black Men the unemployment rate is closer to 25%. Second; The rest of the population that is still employed 90% earn less than $45,000 per year. Third; The cost of living keeps increasing at a rate of about 6% annually and the long range outlook is that the cost of living will keep going up more each year. Fourth; Wages for those employed have remained flat and in most cases have been reduced making most citizens unable to keep up with the rising cost of living. With these numbers it is quite apparent that the United States is in one of the worst economic crisis in recent history.
The government continues to provide capital for the major financial institutions but have done next to nothing to ease the suffering on the general populace. It is no wonder now that citizens who have lost their jobs or had their salaries reduced are faced with the un surmountable task of trying to pay their mortgages and the rest of their bills. The mortgage lenders and the rest of the financial institutions that hold mortgages are contributing to the continuing economic crisis by foreclosing on properties instead of working out options with the homeowners. If these financial institutions continue at this pace of foreclosures the prognoses for the banking industry is one of failure, and they will continue to seek out government subsidies to stay solvent. This means that the United States government will slide even further in debt.
What is needed now to rescue this country from drowning from massive debt and to restore our economy to where the population will be able to keep pace and even get ahead of the escalating cost of living is going to be a multi lateral effort on the part of businesses the financial institutions, and the United States Government. A National Economic Reform on a massive scale is probably the quickest and most effective solution of alleviating this economic catastrophe that the United States did create through the fraudulent financial practices of the financial institutions and our own governments failure to inter seed to prevent this disaster from ever happening in the first place.
This National Economic Reform bill will have in its outline the creation of an all out public work projects. The creation of a new Works Progress Administration that will enable the government to employ the unemployed for various projects that need to be done to secure the national security, the energy independence, revitalize every local community, and in general stimulate economic recovery all over the United States. We can no longer let the government continue to dole out billions of our tax dollars to big corporations as they continue to undermine economic recovery. Like FDR did in 1935 by establishing the Works Progress Administration the massive public works projects that were so necessary were finally realized and the United States was able to recover from an certain economic disaster. Today, a total National Economic Reform bill with a renewed WPA is most warranted now to recover from one of the worst economic calamities of modern history.
The government continues to provide capital for the major financial institutions but have done next to nothing to ease the suffering on the general populace. It is no wonder now that citizens who have lost their jobs or had their salaries reduced are faced with the un surmountable task of trying to pay their mortgages and the rest of their bills. The mortgage lenders and the rest of the financial institutions that hold mortgages are contributing to the continuing economic crisis by foreclosing on properties instead of working out options with the homeowners. If these financial institutions continue at this pace of foreclosures the prognoses for the banking industry is one of failure, and they will continue to seek out government subsidies to stay solvent. This means that the United States government will slide even further in debt.
What is needed now to rescue this country from drowning from massive debt and to restore our economy to where the population will be able to keep pace and even get ahead of the escalating cost of living is going to be a multi lateral effort on the part of businesses the financial institutions, and the United States Government. A National Economic Reform on a massive scale is probably the quickest and most effective solution of alleviating this economic catastrophe that the United States did create through the fraudulent financial practices of the financial institutions and our own governments failure to inter seed to prevent this disaster from ever happening in the first place.
This National Economic Reform bill will have in its outline the creation of an all out public work projects. The creation of a new Works Progress Administration that will enable the government to employ the unemployed for various projects that need to be done to secure the national security, the energy independence, revitalize every local community, and in general stimulate economic recovery all over the United States. We can no longer let the government continue to dole out billions of our tax dollars to big corporations as they continue to undermine economic recovery. Like FDR did in 1935 by establishing the Works Progress Administration the massive public works projects that were so necessary were finally realized and the United States was able to recover from an certain economic disaster. Today, a total National Economic Reform bill with a renewed WPA is most warranted now to recover from one of the worst economic calamities of modern history.