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After White House Jobs Summit, Check Out Trumka on Ed Schultz
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Tonight, after the White House jobs summit, AFL-CIO President Richard Trumka will appear on MSNBC’s “The Ed Show.”
Trumka will speak with host Ed Schultz about the jobs crisis crippling the nation, the vital need to address it quickly and the AFL-CIO’s five-point plan for job creation. Tune in at 6 p.m. EST, to learn more about what we must do to put America to work.
We’ll also cover the jobs summit and Trumka’s MSNBC appearance today on Twitter and right here on the AFL-CIO Now blog.
At the summit today, Trumka will challenge President Barack Obama and Congress to act quickly to turn around the jobs crisis. The AFL-CIO’s plan is based on five key principles:
- Extend the lifeline for jobless workers.
- Rebuild America’s schools, roads and energy systems.
- Increase aid to state and local governments to maintain vital services.
- Put people to work doing the jobs we need done in our communities.
- Put the Troubled Asset Relief Program (TARP) funds to work for Main Street.
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2 Comments
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The “10-to-4 Percent Unemployment Jobs Creation Plan” (the “10-to-4 Plan”) provides 17 components to move us from 10 % unemployment to full employment (4 %). Only the frictional unemployed and the unemployable are jobless at the 4 % level. The 10-to-4 Plan charts a new course to extend prosperity to all in America.
US consumer spending represents about 3/4 of the US GDP. When workers and facilities operate at capacity, the domestic economy expands, property values rise, and trade increases due to the Wealth Effect. The reverse is also true.
The 10-to-4 Plan puts people to work in communities like Elkhart, Cleveland and Dayton. It brings jobs to our Side Streets and Back Streets, not just Wall Street or Main Street. It provides the strategy and tactics to re-start domestic chemical, steel, aluminum, plastics, rubber and glass operations, manufacturers, assembly facilities and the service sector. It expands opportunities beyond the 3721 SIC code for workers in other sectors. It includes jobs for young and minority workers. It resolves systemic issues that affect healthcare cost containment.
No plan is perfect. The impact of the collaterized debt obligations (CDOs) that caused the meltdown of the mortgage market of 2007-2009 will continue. The collaterized loan obligations (CLOs) from private equity companies will work hurt the recovery. We will see more carcasses of companies bought, required to take out debt, and crippled by oppressive loan repayment obligations and management fees. More people will be on the dole. Beggar thy neighbor race to the bottom tactics from leaders in right-to-work states will steal from Peter to pay Paul.
It employs a significant market participant for a finite period. This catalyst primes the pump to re-start the flow goods and services into the stream of commerce while solving persistent, perennial public problems. The 17 interdependent components of the plan include:
• Buses
• Shelters
• Claw-back non-essential assets TARP recipients
• Paths
• Bicycles
• Pods [Guns v. Butter tools for foreign policy]
• Centers
• Educate / Preventative Health / Sustainable Living
• Homes
• Energy-Efficient Home Appliance
• Plots
• Intellectual Property Energy-Efficiency Contest
• Recycle Natural Resources in America
• Funds
• Bold Climate Protection Initiative
• Revised “Buy American” Program
• Energy-Efficient Transportation
I support the President on most issues. He is working on all fronts to return this nation to the people who do the work. However, he is taking the srong approach. Rebuild the middle class. He should provide a long term jobs program. While it was important to stablize the financial structure, the real stimulus should be judged how it treats American workers. Putting this nation back to work is the real test of the stimulus monies.
The workers ask for nothing other than to earn a living with union wages and benefits. Rewarding those at the top will do nothing to put money in the pockets of those who do the work everyday.
Mr. President, take care of those you put you in office. Keep your promises. Move this country forward. Put this county to work. Do the right thing and reward those who want nothing more than to provide for themselves and their families.