Issue Position: Economy

Issue Position

The economy is on a fragile progression out of the deep recession we have been experiencing since 2008. There are ways that we can insure that this progression continues on its upward slope.

Follow the Demand to Get People Back to Work

The heart of a strong economy is the demand for goods and services. Right now demand is at an all time low for a variety of reasons including:

1. Too many people are unemployed or underemployed.

2. People who retained their positions are in a period of repairing their own balance sheets, getting their assets back in line with their debt.

3. The baby boomers have moved beyond their major spending years and they are repairing their devalued retirement funds.

There is enormous demand for infrastructure repair and this is where we can create jobs. This is the time to use public funds to make critically necessary repairs to roadways, bridges, public buildings and utilities. I will support funding for these projects.

Regulating Financial Institutions

The financial industry knew for years before the bubble burst that the subprime mortgages were infiltrating into the financial fabric of everyone's life and it just kept reaping the profits until the weight of the problem forced the collapse. This industry has as its poster child Bernie Madoff and an unwritten mission statement that has no moral compass.

The financial industry needs to be regulated and I will support any effort to make this happen.

Source