Moyers & Company: Why Jobs Come First (Enhanced DVD)
Often blamed for the unemployment rate, the U.S. Congressional deficit is the basis for policies affecting allocations and taxation. Is public spending really the source of labor market woes, or have we forgotten the implications of both monetary and fiscal policy on the market. Bill Moyers takes a look at the role of the Federal Reserve recommendation of the issuance of “cheap money” as part of the quantitative easing and tapering policies laid forth to control interest rates, and eventual return of the market as the key instrument for increasing labor demand.
The national focus on slashing the deficit is the most critical concern of advocates for public-private partnership in business. How the budget is allocated is also subject to Presidential and non-governmental oversight of the General Accounting Office (GAO). Everyone agrees that there is much work to be done, yet how those limited funds are distributed is subject debate by corporate lobbyists and Congressional representatives alike, as Americans form opinion about the common good.
Is job creation sourced in “public” or “private” governance? How does fiscal and monetary policy affect that market that in turn is responsible for most labor in a capitalist society? Has democracy failed workers? These are tough questions, as U.S. Fed Chair Bernanke’s warns Congress of a fiscal cliff on the horizon, and Wall Street attempts to recover from the historical crash of the international financial markets.