"Full employment law in the United States was passed in 1946"

[midnight]

"It required the country to make its goal one of full employment. It was motivated in part by the fear that, after World War II, returning veterans would not find work and this would provoke further economic dislocation. With the Keynesian consensus that government spending was necessary to stimulate the economy and the Depression still fresh in the nation's mind, this legislation contained a firm statement that full employment was the policy of the country. As originally written, the bill required the federal government do everything in its authority to achieve full employment, which was established as a right guaranteed to the American people. Pushback by conservative business interests, however, watered down the bill. While it created the Council of Economic Advisors to the president and the Joint Economic Committee as a Congressional standing committee to advise the government on economic policy, the guarantee of full employment was removed from the bill."

With the duty to create jobs required by US legislation, monetary policy and customary law, why has the government allowed pundits to reframe the debate and state with certainty the government cannot do what it has a legal obligation to do?


Congressman John Conyers of Michigan knows about the Humphrey-Hawkins Full Employment Act and he has introduced legislation that would fund the job creation aspects of that act in the "The Humphrey-Hawkins 21st Century Full Employment and Training Act," HR 870. It would create specific funds for job training and creation paid for almost exclusively by taxes on financial transactions, with the more speculative transactions paying a higher tax.

If Congress refuses to enact this legislation, the president must demand that the Federal Reserve use all the tools relating to controlling the money supply at its disposal to create the funds called for by HR 870 and to start putting people back to work through direct funding of a reservoir of public jobs as Humphrey-Hawkins mandates.http://www.truth-out.org/yes-obamas-legal-duty-create-jobs-now/1313082465

[liberal N proud]

1. Interesting piece of history

How will the President use it?

[midnight]

3. I wonder if he could release some of the tarp funds that were suppose to flow into mainstreet?

[paparush]

2. From Wikipedia -

In brief, the Act:

1. Explicitly states that the federal government will rely primarily on private enterprise to achieve the four goals.
2. Instructs the government to take reasonable means to balance the budget.
3. Instructs the government to establish a balance of trade, i.e., to avoid trade surpluses or deficits.
4. Mandates the Board of Governors of the Federal Reserve to establish a monetary policy that maintains long-run growth, minimizes inflation, and promotes price stability.
5. Instructs the Board of Governors of the Federal Reserve to transmit an Monetary Policy Report to the Congress twice a year outlining its monetary policy.
6. Requires the President to set numerical goals for the economy of the next fiscal year in the Economic Report of the President and to suggest policies that will achieve these goals.
7. Requires the Chairman of the Federal Reserve to connect the monetary policy with the Presidential econ.

# one seems like a killer in today's climate.

BUT.. the act goes on to say...

If private enterprise appears not to be meeting these goals, the Act expressly allows the government to create a "reservoir of public employment." These jobs are required to be in the lower ranges of skill and pay to minimize competition with the private sector.

http://en.wikipedia.org/wiki/Humphrey%E2%80%93Hawkins_Full_Employment_Act

[midnight]

4. It's a good thing that this act realized that the private sector may not be able to do the job...

[Kalidurga]

6. The private sector is able,,,

but unwilling.

[sam11111]

7. Private Sector wants a globe of dollar a day workers: dont give the PrSector any power

Co ops should replace the PrSector.

[sam11111]

5. WPA needed. A SURPLUS of jobs in 4 months should be set up

WPA shd be permanent. Private Sector has never met our people's need for jobs. Never.

See my sig below for more:

[midnight]

8. Coalition on Human Needs Declares the Recession is Not Over for a Record-Breaking 46.2 Million Poor

In the aftermath of the Census poverty data release today, check out CHN's Poverty Day 2011 page for analyses from many organizations and other resources.

CHN Statement on the poverty data release:

Coalition on Human Needs Declares the Recession is Not Over for a Record-Breaking 46.2 Million Poor Americans
More than 100 Million are Poor or Near Poor

WASHINGTON, DC – Although the Great Recession officially ended in June 2009, the ranks of the poor grew by 2.6 million in 2010, the highest number on record. Close to 104 million people (more than one in three) were either poor or near poor (for a three-person family, with less than $35,000 in income in 2010).

“Every day that we do nothing to get people back to work pushes more people out of the middle class and into poverty,” said Deborah Weinstein, Executive Director of the Coalition on Human Needs. “President Obama’s jobs package takes key steps to target jobs to low-income people and communities. The growing number of poor Americans shows how urgent it is for Congress to act quickly.”

To read more, click here

First Look: The Great Recession Has Not Ended for the Poor and Uninsured - 46 Million Poor; 50 Million Uninsured in 2010 - Summary Table With Basic Poverty/Health Insurance Data



Wake Up Call to the Nation Webinar:



Audio Presentation (1 hour, 14 minutes)
Presentation Slides
Check out CHN's Working Paper: Budget Issues Resources, a compilation of research and budget projections about cuts to human needs programs, as well as detailed State-by-State data on these issues



Utilize sample LTEs and tips from CHN's new Letter-to-the-Editor Package



SAVE for All Website: For an extensive compilation of material about the economy, poverty, jobs, and threats to cut needed services



State groups: Please send us your press statements on the poverty data release! Email the link of the statement to Danica at [e-mail] and we will post them on our website

I received this in my e-mail today... It surely hightlights the outcomes of when the private sector has does nothing but withold tarp funds and not create jobs.....