[Peace-discuss] Obama ignores how Roosevelt cut unemployment in the 1930s

[E. Wayne Johnson]

Obooba's buddies in big business dont want any competition.
They have worked for years creating regulatory barriers to new small 
businesses.
Far be it from them to want to see cooperatives started.


On 9/11/2011 3:06 PM, C. G. Estabrook wrote:
> [The US of course is much less democratic than Italy. --CGE]
>
> Obama ignores how Roosevelt cut unemployment in the 1930s
> by Richard Wolff.
>
> PUBLISHED ON SEPTEMBER 9, 2011
>
> Obama's speech disappointed: too little money, too much rhetoric, too 
> late. A bigger stimulus composed of similar parts failed to overcome 
> unemployment over the last two years. This smaller stimulus cannot do 
> better. More business tax cuts, profit-rich construction contracts for 
> infrastructure and so on will not coax corporate hiring any better the 
> second time.
>
> Better than nothing, yes. But that falls far short of what so deep a 
> crisis requires.
>
> Obama ignores how Roosevelt cut unemployment by direct federal hiring 
> in the 1930s. Millions of new federal jobs now could build up the 
> schools, clinics, daycare centres, parks and elderly facilities we 
> need; green buildings and communities for ecological survival. And 
> they could complete countless useful social projects, which private 
> enterprises have failed to do.
>
> Government hiring is the most direct and most cost-effective solution 
> for unemployment. With decent wages, federal jobs enable the formerly 
> unemployed to maintain mortgage payments, keep their homes and so stop 
> the housing market's decline.
>
> A creative Obama could adapt Italy's Marcona law. It offers an 
> alternative to monthly unemployment insurance cheques. The unemployed 
> can choose three years of those cheques paid in a lump sum if pooled 
> with other unemployed persons' lumps sums as capital to start their 
> own cooperative businesses. How much more invested in their new jobs 
> such formerly unemployed people would be, while costing the government 
> little more than it now spends.
>
> Meanwhile, all Americans could see and assess a far more democratic 
> business model than we have now.
>
> http://rdwolff.com/content/professor-wolff-reacts-obama-speech
>
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