The Fed says a government manipulated unemployment rate of 5.5% is what is now considered "full employment".
Right wing media will again spin what is happening in Baltimore as simply a racial issue. Crazed "thugs" go wild. State of emergency declared. National Guard activated. The preferred solution of a ruling class.
The thing about standard Democratic responses is that they are the same old standard, stale responses. They talk about punishing the sins of the owners of capital who finance the GOP.
They want to raise their taxes to pay for new spending on infrastructure. Although infrastructure is a source of ongoing spending and creates employment, the projects are temporary and subject to appropriations.
IMO, what someone needs to do is begin talking about tax and healthcare reforms that would allow manufactures to be more competitive with low wage countries. Many of the goods we consume need not be produced in foreign countries, and I believe we can reverse the trend. However, there is no reason why American brands being consumed by foreigners should not be produced in other countries. Maximizing profits has become a new religion and the zealots, if not rejoicing, ignore the declining standard of living at home and the potential for social upheaval.
Monday, July 6
805-399-1200 Passcode: 767775
- Florida State University
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