So where can Obama go?
Here is a speech he might give:
“My fellow Americans, I come to you with a problem. We have something which needs our attention, more
than any other challenge we face.
“The last recession ended four years ago. Unemployment is now 7.3 percent. That is an improvement over the past few
years, but is still much higher than it has been for most of our lifetimes. More and more Americans have been leaving the
labor force, choosing different lifestyles, and giving up on the possibility of
supporting themselves and their families.
The American dream of work and prosperity, which has been admired
worldwide as well as by our citizens, is in serious danger. The reason is that the jobs crisis is
permanent, and will not end with better economic times. That is hard to swallow, and so is what I am
telling you, right now – we do not know the best way to deal with it.
“I could explain further about why, without major changes,
we will never see five percent unemployment again, but it is time for me to
talk less and lead more. So I will take
less than ten minutes to explain where we are with this 250-year historical
shift, some steps we might take, and how we can go forward.
“On the jobs crisis, conservatives are wrong. Joblessness is not confined to those less
worthy or successful anymore. Companies cannot
tolerate a general lack of money being spent.
Markets will not work unless people can buy as well as sell. Liberals are also wrong. The problem is not inequality, it is people not
having an opportunity to support themselves by working. And businesses are not at fault – squeezing and
shackling them are not answers either.
Some things both sides have suggested, such as reducing immigration, removing
destructive regulations, and subsidizing housing, may be good, but are not nearly
enough.
“So what could solve the jobs crisis? We Americans need to consider and debate at
least four possibilities. The first is a
guaranteed income. Under this plan, each
United States citizen would receive a stipend to cover basic levels of food and
shelter, along with guaranteed medical care.
Second is shorter working hours.
Our productivity has improved so much over the past decades that we could
make 8 AM to 1 PM our new normal business hours, reduce salaries, and hire more
people. Third, we can start charging for
information contributed online. When our
personal data, ideas, and creative work help companies amass fortunes, we could
be paid for that. Fourth, our corporate
income tax structure needs to change to reflect how many American jobs are being
created and maintained. A restaurant
chain hiring hundreds of thousands of United States workers should, other
things being equal, pay much less than a high-tech company with a few hundred.
“I propose looking at these, and other, possibilities in two
ways. First, I am starting a commission,
with experts conservative, liberal, and in between, to assess the technical and
financial side of these ideas, and report on if and how they would work in real
life. Second, I am calling upon city
mayors, county commissions, authors, newspaper writers, bloggers, radio and TV
hosts, and communicators of all kinds to hold discussions, online, through
other media, and in person, to brainstorm ideas and collect the views of any
Americans who want to contribute them. Citizens,
you will be heard!
“The jobs crisis is a national problem which calls for free
discussion and multilateral cooperation.
I have no axe to grind about what solution, or combination of solutions,
would be best. That is for us to
determine together. The only firm
position I have about the jobs crisis is that it needs to be solved in some
way. If it is not, conservatives will be
damaged by companies crashing from a sheer lack of customers, and liberals will
be disgusted by the poverty caused by too few work opportunities – and those are
far from the worst things that could happen.
Americans, we have made it through world wars, depressions, wrenching
social changes, and intense hostility elsewhere in the world – we can negotiate
this great transition as well.
“Thank you, and may God and our efforts bless the United
States of America.”
No more American dream! Long live Australian dream!
ReplyDeleteWe better keep an eye on Australia Business News online these days for employment possibilities.