In September of 2008, the United States of America experienced a financial meltdown, resulting in massive, escalating unemployment.  Government stepped in to fill the gap, using $710 billion in taxpayer’s money in an attempt to resolve the situation.  The money was allocated to keep the “big boys” on Wall Street and in the insurance industry afloat, and ostensibly, to save jobs.  Lo and behold, the financial market has recovered to some degree, but the unemployment rate remains high.  Why?

Like most businesses, the financial and insurance industries are interested primarily in profits, and not what benefits the country-at-large.  The difference, however, between finance and insurance, and other industries, is that the first two are heavily regulated by the government, and for good reason.  The mandates exist largely to protect taxpayers from fraud and theft.  Knowing that their you-know-whats’ were hauled out of the fire by the taxpayer bailout, for the express purpose of maintaining and creating jobs, why have those industries not responded in this way?  President Franklin D. Roosevelt stated, “The economy of the country depends on the spending power of its people.”  How right he was!  FDR tried to jumpstart the economy during the Great Depression by creating jobs though government-run programs such as WPA and CCC.  Because these jobs did not originate from the private sector, he did not achieve this goal.

Our capitalistic system demands that employment must be profitable.  How, then, do we fulfill this demand in this terrifying economy?   The first step is to achieve a meeting of the minds between government and the private sector as to which will be the source of employment.  When the Japanese attacked Pearl Harbor and plunged us into World War II, meetings such as this took place, and were successfully concluded, to organize the nation into a smoothly running machine capable of winning the war.  Once faced with a common enemy, it did not take long for both parties to offer viable solutions, including changes in the products, machinery, and workforce complexion of manufacturing.

As a nation, we must take a page out of that book to resolve today’s economic and employment problems.  Both parties, government and industry, must realize that there has to be give and take, not a rape of the American public by taking advantage of a crisis situation.  Now bolstered with $710 billion, the private sector must begin to recall employees it had downsized in response to the 2008 stock market crash.

In turn, the government must make business more profitable by facilitating this period of transition and growth through a reduction in taxes and by supplying work to industry.  Simultaneously, entrepreneurs and small businesses should be allowed to invest in the job market by easing the restrictions that pose problems to the operation and, by association, profitability of their businesses.  The final goal should be to employ more than 95% of the nation’s workforce, thus reducing the current 10 percent rate of unemployment. With more workers contributing to social programs via automatic payroll deductions, those programs would become solvent and self-sustaining.

A renewed workforce equates to money in the pockets of consumers.  With disposable incomes, consumers will stimulate the economy on all levels: they will be able to patronize a broad range of providers of products and services.  The economy would blossom. Both government and business would profit, and Americans would not be losing their homes, going hungry, and forced to learn Chinese and Arabic in the hopes of landing jobs in foreign lands.

If all of this could be accomplished, the next step would be to transform government to run in a business-like manner.  Citizens should be viewed as clients; every business creates and maintains a client base, or the business does not exist.   This strategy would make government more fiscally accountable while providing needed services to its citizens.  By abolishing earmarks and lobbying, we’d dramatically reduce corruption of our elected officials and make government more responsive to the needs of its clients, us.

Next, let’s merge Social Security and a Federal pension plan into one viable program for every citizen.  Laws must mandate that elected officials have the same programs as regular citizens, not special concessions.  Money collected for social programs (Social Security, etc.) should not be placed into a general fund, but allocated for the purposes for which they were intended (i.e., solvency of senior citizens upon their retirement).  The U.S. Treasury Department should place the funds into separate, low-risk, interest bearing accounts to be managed by financial professionals.  These professionals must demonstrate ethics and business practices that will be held to the highest scrutiny, via meticulous, unannounced external audits.  All finances must be reconciled; no secret slush funds for those seeking to rip off “the little guy.”

This plan may not be the cure-all for our country’s woes, but it is a start in the right direction!  When you consider the cold reality, what is the shortest road to national success?  Is it healthcare?  Housing?  The financial market? Or jobs?  Which one of these choices relates to President Roosevelt’s declaration that the economy of the country depends on the spending power of the people?  The answer to that question, obviously, is “jobs.” Without consumer confidence and resultant spending, our nation would be reduced to “banana republic” third world status.  Yes, I said “third world” and not “emerging nation.”  Let’s call it what it is, shall we?  Know the truth, and the truth shall set you free.

The recipe for success will lie in the hands of the three parts of our Federal system.  Every citizen, therefore, should be extremely well informed and painstakingly selective when voting for our representatives in 2010 and the future.  And if this article has offended you in any manner, you may very well be a part of the problem and not the solution.