May 13, 2009
National Jobs Campaign still needed
NA4J was one of the many groups pushing for passage of the massive Obama "American Recovery and Reinvestment Act" (aka the stimulus bill), despite misgivings about the misguided corporate tax breaks. For info on the human needs benefits of $800 Billion package, see here.
According to the Obama Administration, the stimulus bill will create or save 3 million jobs. That's vitally important in the worst economic crisis in 50 years, but not nearly enough.
Even if the plan "works" as well as proponents predict (and there are questions about how much of the stimulus will reach into communities that are most in need), the economy will still be 4 million jobs short of what is needed to maintain the pre-recession unemployment level (which was still too high).
As many testified to the Congressional Progressive Caucus on May 12, low income and working people have been experiencing an economic crisis for years, long before the crisis hit the bankers.
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