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Over the last two months, the COVID-19 pandemic has thrown a robust American economy into disarray, completely shutting down major business sectors and putting millions of people out of work overnight. With so much at stake and with all options seemingly on the table, it is crucial that we commit ourselves to the long-term goal of restoring the sorts of free-market policies that led to the Trump Economic Boom prior to the China Virus crisis. Although massive government interventions that Barack Obama pursued following the Great Recession might presently appear beneficial or even essential, a return to Obama’s “new normal” of stagnant growth would lead to disastrous and persisting economic damage. We must instead return, as soon as is safely possible, to the Trump model of economic prosperity that produced the strongest labor market in modern history.
“I wrote this book because I love my country and I'm concerned about our future,” writes Bill Clinton. “As I often said when I first ran for President in 1992, America at its core is an idea—the idea that no matter who you are or where you're from, if you work hard and play by the rules, you'll have the freedom and opportunity to pursue your own dreams and leave your kids a country where they can chase theirs.” In Back to Work, Clinton details how we can get out of the current economic crisis and lay a foundation for long-term prosperity. He offers specific recommendations on how we can put people back to work and create new businesses, increase bank lending and corporate investment, double our exports, and restore our manufacturing base. He supports President Obama’s emphasis on green technology, saying that change in the way we produce and consume energy is the strategy most likely to spark a fast-growing economy and enhance our national security. Clinton also says that we need both a strong economy and a smart government working together to restore prosperity and progress. He demonstrates that whenever we’ve given in to the temptation to blame government for our problems, we’ve lost our commitment to shared prosperity, balanced growth, financial responsibility, and investment in the future. That has led our nation into trouble because there are some things we have to do together. For example, he says, “Our ability to compete in the twenty-first century is dependent on our willingness to invest in infrastructure: we need faster broadband, a state-of-the-art national electrical grid, modernized water and sewer systems, and the best airports, trains, roads, and bridges. “There is no evidence that we can succeed in the twenty-first century with an antigovernment strategy,” writes Clinton, “with a philosophy grounded in ‘You’re on your own’ rather than ‘We’re all in this together.’” Clinton believes that conflict between government and the private sector has proved to be remarkably good politics, but it has produced bad policies, giving us a weak economy with few jobs, growing income inequality and poverty, and a decline in our competitive position. In the real world, cooperation works much better than conflict, and “we need victories in the real world.”
A sobering account of a disenfranchised American working class and important policy solutions to the nation’s economic inequalities One of the country’s leading scholars on economics and social policy, Isabel Sawhill addresses the enormous divisions in American society—economic, cultural, and political—and what might be done to bridge them. Widening inequality and the loss of jobs to trade and technology has left a significant portion of the American workforce disenfranchised and skeptical of governments and corporations alike. And yet both have a role to play in improving the country for all. Sawhill argues for a policy agenda based on mainstream values, such as family, education, and work. While many have lost faith in government programs designed to help them, there are still trusted institutions on both the local and federal level that can deliver better job opportunities and higher wages to those who have been left behind. At the same time, the private sector needs to reexamine how it trains and rewards employees. This book provides a clear-headed and middle-way path to a better-functioning society in which personal responsibility is honored and inclusive capitalism and more broadly shared growth are once more the norm.
The maverick leader of the fastest-growing union in the United States proposes a revolutionary paradigm for America and labor--in which workers and management and all Americans can thrive in the global economy.
Work. Hard work! And plenty of it. That is what has made the United States into the world's foremost economic superpower. But while we Americans value and respect work, we are also concerned about economic justice. We like to see all workers earn a fair day's pay for a fair day's work. And we like having a safety net to catch those who cannot compete successfully in our labor markets. America works because of this balance between the desire to reward work and our concerns about economic justice. But according to Jon Forman, America could work even better. In Making America Work, Forman explains how current government policies influence work and work behavior and makes the case for changing government tax, welfare, Social Security, pension, and labor market policies to encourage work and promote greater economic justice. It is a clear, provocative declaration of principles and a bold prescription for policies that restore and preserve the balance of work rewards and economic justice.
Discusses H.R. 3547 and related legislation, to amend the Social Security Act and the Internal Revenue Code to increase payments and number of workers eligible for unemployment compensation, and to revise Federal-state administration of program.
As we begin the process of reopening our economy, it is critical that we get back to work. The economic shutdown was intended to slow the spread of a lethal virus, not to permanently sacrifice our freedoms—and certainly not to expand government power and “fundamentally transform” America. During the shutdown, we’ve learned what that transformed America would look like, and it is ugly. With millions of people out of work and dependent on government—lacking the dignity of a job, the security of a paycheck, or the opportunity for a better future—depression and despair are creating an “epidemic within the pandemic” of suicides and drug and alcohol addiction. While there are risks, if we follow safety protocols and protect the vulnerable, we can safely reignite our economy as we undo the lockdown, eliminate policies that discourage work and enact policies that encourage hiring and growth. It’s time to reject the transformation to permanent government dependence and return instead to individual freedom and prosperity.