Wednesday, November 19, 2008

What do I want the new administration to do? Build something that will pay off the debt we're incurring and assure our children and grandchildren have jobs, so they can pay taxes too. I want a whole lot more than most people do, but a very large number have very strongly said 'Fix it!' Now, how does the new administration and congress do that.

Obama has said create jobs in green energy production. That's good. It's a nice bundle with 'fix the infrastructure. Here's another piece for the bundle. Earn education for community service. That's the opportunity for a twenty-first-century vo-tech and apprenticeship system too. Our eighteen-year-olds are getting out of high school with nowhere to go, unless they burden their families or themselves with a huge debt for university. We have, not tens, hundreds of thousands of students between 6th and 12th grade who have the attitude 'Why bother to work to learn? It won't do you any good anyway. Payments on the loans will cost more than the increased income for a degree will pay.' The problem with that is it's true and there are a whole lot of college grads out of work. 'Sorry, you're overqualified to flip burgers.'

Many mayors are calling for a WPA-type program to put people back to work. When the moderate-conservative majority agree with liberal-type government action, the situation is too severe to play politics. The livelihoods and future of millions of Americans, are not just in jeopardy. They're gone. We can spend our present and future labor (deficit=credit=future labor) to build something that will strengthen our ability to produce competitive products, by 'upgrading' everything, or we can pay for foodstamps for hundreds of thousand more, and watch doctors quit and hospitals close, because people can't pay for the cost of the emergency room visit that could have easily been prevented.

You can't deal with a worldwide economic problem as a business problem. It's a labor problem. The betting system on the populations of regions to produce, the credit market, fell apart because it just makes business sense to pay less money for higher skill elsewhere, and the betting odds were built on the American ability to produce enough for a nice comfortable life. Biggest economy in the world. It is here that corporations outgrew borders, which regulations don't cross.

The proof the economy is global is irrefutable. Every big corporate exec knew this was coming. Hitting the economic reset button and getting the money from the people you bet on, knowing only the goverment can get a big enough loan on their labor to pay it, from the future earnings of the taxpayers, isn't a bad business move, considering the economic position of the people getting the big payoffs for the last eight years. The rich got richer and richer and a whole lot more of us got so poor we had to shop at Wal-mart, the Chinese emporium, to clothe and feed our kids. We have a trade deficit with China. Exxon-Mobil makes billions reselling us foreign oil. Why would any person in management, professionally, support development of renewable resource-powered vehicles? Like electric cars powered by wind farms.

Regulation. Control how much of their own stocks corporations own. Corporations exist to make a profit. If there are no participating voting stockholders, there cannot ethically be 'not-at-that-human-price or with-that-human-ideal-in-mind' decision-making. The work ethic is do the job and the job is just make money, not make a good future for our children and grandchildren.

It's the quality-of-life bundle we have to rebuild. Home, health, days free of worry you won't have enough to keep a roof over your head and food on the table, and you're not handing your grandkids a devastated civilization on a dying planet. Is a WPA-style program needed? Way too many are hoping Obama is 'an FDR' not to consider it. I think too many are, not to pledge the labor of the people to fix it. Yes, we'll pay for it, but we have to have the ability to produce to do it. Give us work and training and create the right TVA for this century.

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