Saturday, December 12, 2009

NJFAC Calls on President Obama to Invest in Direct Public Job Creation

An Open Letter to President Obama from the National Jobs for All Coalition

"Despite a multi-billion-dollar stimulus earlier this year, unemployment has continued to rise and is now double-digit. The Jobs Summit that you are convening is clear recognition of the gravity of this crisis. We write to urge that the Jobs Summit adopt a bold course of action to deal with current mass unemployment and, since unemployment and underemployment afflict millions of Americans, even in better times, to take steps toward assuring a living-wage job to all who want to work..."

"...President Obama, the American people await a big assault on unemployment from your Administration. It is not hard to predict what the midterm elections will bring if substantial reduction of unemployment does not occur by fall 2010. When you became President official unemployment was 7.6 percent; it was 10.2% in November, an increase of more than a third. The
Federal government spent $700 billion buying “troubled assets” to bail out financial institutions and nearly $800 billion to stimulate the economy. Why can’t we spend another $800 billion to give every officially unemployed worker the opportunity to work and provide billions of dollars of socially useful output?"

Read rest of letter

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