President-Elect Obama (it's still fun to say that) has been busy putting together a team of the right people to solve the economic crisis. That formally includes Tim Geithner and Larry Summers now.
His goals? A New New Deal.
Obama wants to create 2.5 million jobs by 2011 by re-imagining and rebuilding America's infrastructure. Such long term investments in our infrastructure saved us from the grips of the Great Depression and it's so comforting to hear a plan talked about like this. As Robert Reich puts it, this is a "down payment" on America's economic future.
It's so gratifying to hear about change from the bottom up--from the worker to the CEO instead of the other way around. When the population is employed and paid, they are happier and better contributors to society, thereby creating a community that people want to save. An investment in America's workforce is more than just a temporary bandaid, like the Bailout of 2008 is, it's a permanent committment to keeping America working.
So, where do we go from here? The next step has to be health care. People need a health care system that works--that provides care for all, instead of for the fortunate few. If people have jobs and health care, there's no telling where our society could go.
Monday, November 24, 2008
Obama Takes On The Economy--New Deal Style
Posted by Kim at 3:11 PM
Labels: Barack Obama, economy, New New Deal, Obama transition, Robert Reich
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