The Nation Needs Great Works

"When more and more people are thrown out of work , unemployment results."-- Calvin Coolidge, U.S. President, 1923-1929

 

Those words made headlines in the Roaring Twenties, they were uttered by a committed deregulator in an era when irrational exuberance dominated the mood of investors, large and small.  Did I mention that the quote came shortly before the Wall Street Crash that led to the Great Depression?

(Photo By: Debra Davis-Holly)

I had really good history teachers in school and my love of the subject has helped me during more than 40 years as a journalist. While the technology changes from one era to the next, many of the problems are basically the same.  

Lessons Learned: When you turn the nation's future over to business, you roll the dice with leaders who are only accountable to their major stockholders. If things don't work out, a lot of little people lose out. 

 

Over the next nine months, we will hear a lot about freeing up business to create jobs and put Americans back to work. I'd love to see more jobs and more Americans working, but the people talking about that don't have real track records of creating good, permanent private sector jobs here at home.  

I'm not talking about part-time positions with no benefits, and I am definitely not talking about contract opportunities that pay by the day and leave workers twisting in the wind on taxes, unemployment insurance and healthcare.

 

Yes, lots of people need jobs, but the Great Recession has ended. Banks that were on the ropes are stabilizing and big manufacturing is rebounding. General Motors is once again the number one manufacturer of automobiles,  less than four years after a government bailout. Most of the Troubled Asset Relief Program funds have been paid back, but there's still a lot of work to be done, and much of that work could be projects literally right in your own backyards.

Drive through your community, or most any community in the nation, and you will see the results of bold infrastructure projects begun or completed as a result of public investment with the help of private labor. 

Examples? The interstate Highway System,  most major commercial airports, courthouses, schools, canals, ports, railroads, bridges, tunnels and water and sewage systems.

Photo By: Derrill Holly

When we have not invested in such things, the nation has suffered. When the world economy has stalled, those projects, financed by debt have kept people working and kept the nation moving forward.  They are productive pursuits that reap huge public benefits and tangible results.

Franklin Roosevelt, Dwight Eisenhower, Lyndon Johnson and Bill Clinton were builders. Richard Nixon, Ronald Reagan, Jimmy Carter and two guys named Bush were not.  

 

My conservative friends will note that this is a bipartisan list. It includes visionaries who saw value in using the nation's infrastructure needs to put idle people to work. It also includes a number of "stand patters" who saw no need to modernize. One group looked ahead and the other sought savings that now clearly were not reinvested in the nation's future.

There are obviously no guarantees in life, but if business leaders-- you know, the ones throwing all of  that money into Super PACs-- aren't ready to hire Americans for full-time permanent jobs, I just don't see giving them the reins to the future.