AFL-CIO Executive Council: Bold Action Needed to Revive Economy

by James Parks, Mar 4, 2008

The combination of the subprime mortgage crisis, stagnant wages, bad trade and tax policies and attacks on workers forming unions has faded the American Dream for millions of working families. Today, the AFL-CIO called for strong action to revive the economy and make it work for all people, not just the rich.  

Meeting March 4-6 in San Diego, the AFL-CIO Executive Council outlined several policy statements on rebuilding the U.S. economy. In a statement, the council said:   

We need a bold national economic recovery program to change the policies that produced the imbalances that are now driving the economy into what may become a serious recession. Those policies would include:

• Restoring the competitiveness of the American economy by changing our trade, tax and exchange rate policies to level the playing field for domestic producers.
•  Following more robust and coordinated monetary and fiscal policies focused on maximum sustainable growth and full employment.
•  Having transparent and more effective financial regulation in the mortgage and credit markets.
• Restoring a balance of power between workers and their employers to allow workers to share in the prosperity that they help create.
• Restoring a fair tax system capable of financing the key public investments necessary for a competitive U.S. economy. 

Click here to read the full statement, “Economy—American Workers Left Behind.”   

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