[quote=Jacarandoso]CArenter,
How do you “give” people jobs?
Who do you “give” the jobs to?
What jobs do you “give” them?
Doesn’t this “giving” also one way or another involve “pushing on a string”?
Is everyone supposed to like the national “job giving” program?
Could their be any unintended consequences of “giving” jobs away?[/quote]
We “give” people jobs by reversing the trade and tax policies that have caused people to lose those jobs in the first place.
“The middle class of America, an imperfect group of people who fight the wars and build the nations, have had their prospects diminished,” he said. “We have fewer jobs in America than we did 12 years ago, and they pay less.”
While he does not fault President Barack Obama for many of the economic problems plaguing America, Roemer said Obama’s administration has not sufficiently addressed those problems.
“I don’t think the Obama administration caused this recession, but they seem to be making it permanent,” he said.
According to Roemer, Obama has been more concerned with raising funds — “a billion dollars” — for his upcoming campaign than with solving the economic problems.
In addition to the actual amount of money raised, Roemer criticized President Barack Obama’s sources of fundraising.
“Where does he go for his first big fundraiser? Wall Street,” he said. “And what’s the ticket price? How do you raise a billion dollars? It’s $35,000 a ticket, led by Goldman Sachs.”
Banking reforms have not led to any incarcerations of Wall Street bankers who lied, cheated or stole money, according to Roemer. These reforms, he said, have not resulted in any changes to the banking system and “‘too big to fail’ is still the law.” As a result, bankers now believe that they will always have the support of the government in times of crisis, according to Roemer.
“Any risk they took, if they failed, you would be bailed out,” he said. “That’s the American banking system now.”
Roemer emphasized the importance of middle class Americans — rather than large corporations — in the campaign process. However, 98 percent of Americans do not contribute funds to politicians during the campaign season, he said.
It’s really not rocket science. Our jobs have been leaving because of our tax and trade policies. The Republicans are claiming that lowering taxes on the richest Americans will help fuel economic growth, but fail to notice that the lowest tax rates in many decades is behind the misallocation of resources and the bubble mania that marks the final stage of our economic destruction. They can’t seem to wrap their heads around the demand side, which is what’s necessary to get us out of this malaise.
