Double-Digit Unemployment Is Obama's No. 1 Challenge »
Posted By tehranchik 1 week, 6 days ago in Business & FinanceJob creation is now the top issue in America. The White House and congressional Dems must recognize this or face serious setbacks politically.
For economic, social and politic reasons, Democrats need to remake themselves as the party of jobs. If this requires a new stimulus plan with more money for job-creating infrastructure and development programs, Democrats cannot afford to be cautious. If this requires a radical alteration in trade policies and the abandonment of the absurd strategy for bailing out GM and Chrysler -- which calls for shuttering more than two dozen plants across the United States – Democrats cannot afford to hesitate.
Of course, corporate Republicans and the faux Republicans of the Democratic Leadership Council will scream about the expense and about the rejection of the economic orthodoxies of Alan Greenspan and the other jokers who got us in this mess. But if Obama, Nancy Pelosi, Harry Reid and their compatriots listen to the counsel of the cautious as unemployment hits 12, 13 or 14 percent, they will fail the American people doubly.
The first failure will be a social one. If unemployment is allowed to rise into the mid-teens, families and communities across this country will experience a human crisis of daunting proportions.
The second failure will be a political one. High unemployment will remake the electoral landscape into an "Alice-in-Wonderland" fantasyland. Republicans who (assisted by some notable Democratic allies) laid the foundations of the current crisis -- with misguided tax breaks for the rich, warped spending priorities and fundamentally-flawed trade policies -- will be able to position themselves as pro-jobs populists. And Democrats will be stuck defending an indefensible status quo. That's a guaranteed loser for Obama and his congressional allies, who will see their House and Senate majorities slashed if not obliterated by an understandably angry electorate
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tehranchik
Well, I'm from and live in the Pacific Northwest. I did live in the middle east during the late 70's and early 80 ...
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