Investment Over Party Politics
Aug 2, 2012Posted by Chuck Rocha
When asked to serve as a fellow focusing on the American workforce, I sought to address the issues that are truly driving our economic failure and what we, as United States citizens, can do to stop it. It is clear that these economic times rival some of the worst times in our country's history. Therefore now more than ever, the public and private sectors must come together and support our Commander in Chief through this recovery.
According to a study by The McKinsey Global Institute, in every recession from 1945 to 1990, it took approximately 6 months for jobs and the economy to recuperate. This trend changed with the 1994 economic downturn, which needed 15 months to recover. After the slowdown of the early 2000s, recovery required approximately 39 months. But the global financial recession of 2008 requires an estimated 60 months for employment to return to pre-recession levels. Thus, it is more than likely nothing President Obama could do to fix the economy in his current term would ever be enough. The truth is that he and America need more time, for one person cannot turn the economy around on his/her own.
Economic recovery requires not only the hard work of a President, but also cooperative public and private sectors working together towards a common purpose. By means of a joint effort, private companies and the United States government should be reinvesting in America, bringing infrastructure, affordable heath care and jobs to our citizens.
The United States must invest in its citizens. The American people are a resource that needs to be encouraged, supported, and rewarded. This nation's economy can no longer be propped solely on consumption; it must be rebuilt with production. The United States must invest in itself and produce the most sought after goods in the world, as it once did. A massive overhaul of our industries is needed to reinstate jobs on the mainland, instead of shipping them off to foreign manufacturing plants and call centers. Companies, like Apple, should not only be thinking of its great ideas in America, but simultaneously turning those ideas into products right here as well.
The tallest building in the world is in Dubai. China is home to the fastest train in the world. In fact, United States trains do not even make the list of the 10 fastest trains in the world. Given America's exceptional nature, it should have the most astounding innovations and human development projects in the world. People from all around the world should be flocking here to see our innovation and creativity put into practice. Instead, we are falling further behind developed and developing nations, watching as they zoom away towards success and prosperity, leaving us to wallow in our recovery. It is time we stop talking and start acting.
While there are several short-term solutions for the various problems we face, we can no longer ignore reality and simply hope that things will work themselves out. If what is required is a 50-year plan, then let's draft it so that our children and grandchildren will be able to aspire to achieve the American Dream. It is clear that if we keep on perpetuating these quick-fix proposals, our offspring will not enjoy the benefits we take for granted.
Unfortunately, coming to some sort of a decision on the economy is at a standstill in Washington. Extreme political ideologies and zero-sum strategies have found their way into economic policies, thus inhibiting any progress towards a solution. We must not let our polarizing differences on the far left and far right have a voice on this matter. It is worth stepping on a few toes to get to the root of a problem and reach a decision. If we do not, we will never see the end of this debacle. Let us focus on what really matters: reinvesting in our infrastructure, jobs, healthcare, education and ultimately our future.
We used to be a country where dreams were achievable. Adventure and aspiration brought us 50 states, the New Deal led America into a new world order, and the space program took us beyond our borders and our world. In order for the American Dream to continue, it will require both public and private sector investment, innovation and cooperation.
This is not about who is right or wrong. It is about doing what is best for American workers. We must set aside ideological differences and greedy pursuits and come to a sound conclusion that will serve our citizens.The views expressed in this blog are those of the authors and do not necessarily represent the views of the Center for National Policy.
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