AFL-CIO Wants $400-$500 Billion For Job Creation

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When the White House’s jobs summit kicks off on Thursday, America’s largest labor federation wants President Obama to put real money where his mouth is. During a conference call on Wednesday the AFL-CIO’s chief international economist, Thea Lee, Rep. Keith Ellison (D-Minn.), and economist James K. Galbraith called for massive employment programs that Lee estimated would total $400-$500 billion. “We need to create three million jobs every year for five years to get back where we were [before the financial crisis],” said Galbraith.

The overwhelming message of the call, convened by Campaign for America’s Future, a liberal policy organization, was that an unemployment rate over 10 percent is too high to fight with half-measures. “We could sit around and do nothing and wait for the private sector to create the jobs, but I think we’d be waiting a long time,” said Lee. “One of the things we can’t do is act small…. I don’t think we can have an economic recovery—I don’t think it can be sustained—if people are out of work for years at a time.”

An investment on the scale that Lee and Galbraith are proposing is going to be incredibly tough to get through Congress. But Galbraith argued that the White House needs to follow the “political model” of the Reagan tax cuts: Do something so big that people can’t help but notice.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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