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

[C. G. ESTABROOK]

Both the administration & the Republicans proclaim their commitment to remove 
"onerous government regulation."

But neither is suggesting what's a matter of law in Italy, for just the reason 
you suggest: US business wants nothing that empowers workers.


On 9/11/11 5:46 AM, E. Wayne Johnson wrote:
> 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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>>
>