“A Main Street Recovery Program.” Proposal based on a $900 billion FLOOR

The progressive Institute for America’s Future has created “A Main Street Recovery Program” to restore economic growth in our country. In their Executive Summary they are proposing our spending “three percent of GDP–about $450 billion each year for two years, a total of $900 billion–(that in their opinion) should define the floor, not the ceiling, of what needs to be done.” The Summary goes on to state that “the plan must be strategic, focused on public investment in areas vital to strengthening America’s long-term competitiveness.”
In their report they point out what most of us already recognize by stating that “we now face the worst economic crisis since the Great Depression. The collapse of the housing bubble, followed by a credit freeze and stock market collapse, has erased over $10 trillion in paper value in the U.S. alone.”


While I agree with this statement I disagree with their recommendations which promote “raising the minimum wage and reviving the right of employees to organize and bargain collectively, so that workers may once again capture a fair share of the productivity and wealth they help generate.”
How will raising the minimum wage on the backs of the employers help U.S. industry be more competitive in the global marketplace? I respectfully disagree with that comment.

I also disagree with their support of the pending “card act” by making allegations that employees are unable to organize. That remark is simply false. We are no longer in the 1930’s where we heard of intimidation of trade unions such as this episode when “on 26 May, 1937, United Automobile Workers (UAW) organisers stood on the overpass that led to the main gate of Ford’s Dearborn, Michigan, factory. Their weapons were leaflets. Their target was the appalling working conditions of the workers at Ford. Confronting them were members of Ford’s “Service Department” — ex-boxers, former wrestlers and thugs from Detroit’s criminal underworld — armed with brass knuckles, knives, guns and blackjacks. Their target was trade unionism. The “Battle of the Overpass” resulted in dozens of UAW organisers and activists being beaten and kicked unconscious, their limbs, skulls and backs broken. The Dearborn police — the chief of police was an ex-Ford “serviceman” appointed by the town’s mayor, Clyde (cousin of Henry) Ford — stood by and watched.”  While that Ford Motor story may have been the theme of a Hollywood movie it does not represent 21st Century reality.

To read the entire 22 page report simply go to:
http://www.ourfuture.org/mainstreetrecovery

About Larry Gilbert