OK. Listening to MarketPlace on NPR, I heard two economists discussing the June 2011 Unemployment drop (only 18,000 jobs created in June).
I said this, I will say this again.
It's not a single dip or Double dip RECESSION. It's a ##^#&^#@$*&#@$^& DEPRESSION (2.0).
Get the facts.
- Companies that are sitting on billions in ca$h will NOT hire new workers, as the existing ones are being over-worked.
- Companies will NOT invest in new workers, making the problems worse.
- Republicans claim that cutting the deficit is key to getting the economy fixed. NOT!
- In fact, the only reason we do not have an OFFICIAL unemployment rate of 16% TODAY is because we DON'T count the people who are under-employed or gave up on looking. Otherwise it would be much higher today, and perhaps at about 23% today.
- The $$$ that the federal government gave to local states and cities has ran out because the stimulus was limited. Therefore, states and cities have cut over a QUARTER of a MILLION jobs in the past two years.
We need to address this huge imbalance. For republicans to ignore this imbalance, and still claim, "TRICKLE-DOWN", is simply like a huge "Trick on the down and out!".
It's time for the congress to get off of it's REAR, and actually do a stimulus LARGER then the last time.
HINT: see my discussion on green job building and Eisenhower Highway Expansion.
Spending trillions of dollars on a NEW transportation system (not re-using existing rail lines) is green:
To reiterate:
- Use existing Eisenhower highway system and establish 4 new rail tracks on every highway.
- 2 Tracks would be for freight/trucks/motor vehicles.
- 2 tracks would be used for mass transit.
- Federal jobs creation program. Construction will take 15-25 years [it took that long to finish some parts of the Eisenhower system] giving lifetimes of employment to current and future workers.
- Green program. Project objectives are
- Reduce # of trucks/diesel/buses (and especially gas and emissions) on road.
- Program would seek to get both trucks or just trailers (and cars -SUV's too) from origination point to destination as fast and as fuel efficiently as possible, increasing productivity, and reducing emissions, fuel consumption and driver time behind the wheel.
- Technology Driven: Program objectives would be cost reduction via technology, reducing fuels, and needs for drivers going cross country.
- Cargo should be able to go on a trailer, or with a truck.
- Rail system would use existing right of ways of highways.
- Totally separate from existing freight lines, but would interconnect.
- Existing Railroads would not be running these systems.
- Technology would allow national 'ez-pass' type electronic billing system for interoperability with all systems.
- Commuter rail portion of system would also be technology driven.
In order to get out of this, we need to drastically increase spending, and have a PROGRAM and way out to:
- Rebuild our economy
- Rebuild the MANUFACTURING and construction sector.
- Re-Train our workforce (from a service 'burger-flipping' mentality) to meaningful middle-class jobs.
- Create the "Green Economy", that everyone claims they want.
- Reduce fuel emissions DRASTICALLY
- Reduce gas and Diesel usage
- Make transportation a Technology driven , growth industry.
- Stop the political bickering, and allow our government to work together to solve our problems.
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