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Congress must act to boost jobs: White House
WASHINGTON |
WASHINGTON (Reuters) - The U.S. economy needs to create jobs at a faster pace and Congress should adopt a proposal by President Barack Obama to help cash-strapped state and local governments to retain workers, a top White House economic adviser said on Friday.
"We weren't creating enough jobs before the recession; the recession just made the jobs gap much bigger," Alan Krueger, Chairman of the Council Of Economic Advisers told CNBC.
"If Congress were to act on the President's proposal to help state and local governments to retain teachers, firefighters and policemen and also to invest more on infrastructure, we can put more Americans back to work quickly."
Employers added 80,000 positions in June, the third month in a row of sub-100,000 job growth.
(Reporting by Lucia Mutikani; Editing by James Dalgleish)
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This election our choices boil down to choosing between two parties who both see a shortage of wealth only for the richest 1%, athletes, entertainers, copyright and patent aggregators, and foreign despots. We need to throw more trillions of dollars extracted from the dwindling American work force poor enough to pay FICA income taxes on the working poor to the people who payoff our “Government” and “Judges”.
Get ready for more decline. It will only stop when we throw out the old Constitution with all of its crooked baggage and non-election elections and its College of Cardinals (Judges). We need proportional representation, required popular direct annual votes on wars, and a maximum size on any financial organization that gets any kind of government guarantee of any size whatsoever. Trading / investment firms should get no Federal deposit insurance or guarantees at all. And now! We would be better off with foreign banks here. Ours are corrupt, corrupt, corrupt.
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