The Truth About the Economy and Jobs

For most Americans (the bottom 90%), average family income has declined since 2002.   For the wealthiest 1% of Americans, income has soared.

Since the 1970s, American workers are taking home a smaller and smaller percentage of economic wealth (GDP).  This is the result of a rigged economy in which the super-wealthy oligarchy gets richer and everyone else suffers.  

 

Most Americans are one missed paycheck or one medical emergency away from being homeless or bankrupt.

The official unemployment rate is misleading and doesn’t reflect reality for most Americans.  The truth is that 94% of new jobs created in the last decade are part-time or “gig” economy jobs according to research from economists at Harvard and Princeton.   These jobs almost never include benefits such as medical care or retirement.    

The decline of American jobs is destroying our society.   The American infant mortality rate has declined and is now worse than countries such as Bosnia, Cuba, Greece and many countries of the European Union.  Nearly half of all 25-year-olds are living with their parents and are unable to live independently due to debt, lack of good jobs and housing costs.  

Foreign trade deals such as NAFTA and KORUS are destroying American labor.  These deals have taken away more than 5 million U.S. manufacturing jobs and driven down American wages.

Meanwhile, Wall Street has rigged the system to make themselves rich.  The Federal Reserve has spent more than 16 trillion dollars bailing out Wall Street banks, private corporations and foreign banks.   And that number is probably under reported.  As Senator Bernie Sanders states, “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

Our National Infrastructure Is Crumbling

Our roads, bridges, water systems and critical infrastructure have fallen into dangerous disrepair according to the American Society of Civil Engineers.  Florida’s infrastructure is rated “C”

Together, let’s rebuild and revive the American economy.

Let’s put 13 million Americans to work in good paying, union jobs rebuilding our crumbling infrastructure.    As representative of District 12, I will introduce a Rebuild America Act.  This bill will be similar in scope to Bernie Sanders’ Senate Bill 268, The Rebuild America Act.   Let’s start building a 21st century America and put millions of Americans to work in decent paying jobs with a future.

Infrastructure development is a non-partisan issue and is strongly supported by both Democrats and 64% of Republicans.

Instead of spending trillions of dollars bailing out Wall Street or on endless wars, let’s create millions of jobs rebuilding America and provide health care for all Americans.   Let’s build an America for all, not just the wealthiest 1%.   Our future depends on it.