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Showing blog posts tagged with jobs and economy

Our Selective Memory

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This summer, everyone celebrated the 1963 March on Washington for Jobs and Freedom and the address of Dr. Martin Luther King Jr., in which he described a new, refined American Dream. This week, we note two historic events. One is the 1863 dedication of the Gettysburg National Cemetery 150 years ago by President Abraham Lincoln, during which he also gave a new vision for America. Lincoln’s address clearly incorporated slaves into the American Dream by citing America’s founding documents proclaiming “all men are created equal,” and therefore government “of the people, by the people and for the people” could not be reconciled with slavery. Dr. King highlighted those same words as a promise America makes to its citizens. A promise, he said, that was broken to African Americans. They both spoke of failures in democracy.

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Something Is Fundamentally Wrong

President Obama continued his visits to different parts of America to discuss the economy. This is his attempt to use the Bully Pulpit of the Presidency to direct a national dialogue. The president said, “There are no simple tricks to grow the economy. What we need is a serious, steady, long-term American strategy that reverses the long erosion of middle-class security and gives everyone a fair shot to get ahead.”

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AFL-CIO Executive Council Addresses Economy, Trade, Voting Rights

AFL-CIO Executive Council Addresses Economy, Trade, Voting Rights

The AFL-CIO Executive Council called for a “high-wage” economic strategy, a new trade model and universal voter registration coupled with vigorous protection of the right to vote at its February meeting in Orlando, Fla., today. The Executive Council also addressed gender equality and commemorated the 50th anniversary of Dr. Martin Luther King Jr.’s March on Washington .

In its statement on economic strategy, the council says, “There is something fundamentally wrong with the U.S. economy,” that has resulted in “the stagnation of wages and incomes that has crippled the American middle class for more than a generation.”

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Marketplace Seeking Union Voices in the News

Photo by S. Diddy/Flickr

Do you believe that unions and union members are too often ignored or wrongly portrayed when the media reports on the economy, business and jobs? Now you have the chance to change that and add a union member’s voice and perspective to the news. The folks who produce public radio's Marketplace want to hear from you.

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Is the U.S. Headed for a Fiscal Cliff?

Is the U.S. Headed for a Fiscal Cliff?

Economist Simon Johnson, co-founder of the popular blog, The Baseline Scenario, joined us here today at the AFL-CIO for a discussion of his new book, White House Burning: The Founding Fathers, Our National Debt and Why It Matters to You. Co-authored with law professor James Kwak, White House Burning shows why the debasement of our political system in the 1980s and 1990s has produced a dysfunctional Congress that perpetuates our debt-based economy.

Johnson, a professor of entrepreneurship at the MIT Sloan School of Management, joined us in a Q&A on his findings and analysis of where we go from here.

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It's a JOBS-Killing Bill

An urgent e-mail from AFL-CIO President Richard Trumka is urging activists to tell their U.S. senators to oppose the cynically named JOBS Act, which some members are rushing through to deregulate Wall Street. Trumka says senators instead should support amendments that would make the bill less harmful to working families.

The bill, which could pass as early as Monday, encourages speculation and will destroy jobs by reducing investor confidence in small companies, Trumka says. The amendments to the bill in the INVEST in America Act of 2012, sponsored by Sens. Jack Reed, Mary Landrieu and Carl Levin, would reduce the JOBS Act’s damage to investors, pension funds and the U.S. economy.  It’s time for Congress to set aside the politics of the 1%, the old game of special favors for Wall Street, and turn to the business of real job creation, Trumka says.
Please urge your senators to oppose the JOBS Act and support the amendments in the INVEST in America Act. Click here now.

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1% Got 93% of U.S. Income in 2009-2010, More Long-Term Jobless Than Reported

More confirmation that the extremely rich are getting richer and those without jobs are suffering even more. In 2009 and 2010, the first year of the current “recovery,” the 1 percent captured 93 percent of U.S. income growth. Repeat: 93 percent of income growth went to the 1 percent.

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