The election is over and while America has spoken, many in our republic are in a state of shock. The poles were wrong, the pundits were wrong and the media was wrong. It could not have been a more surprising victory and unprecedented pivotal decision in American politics. Many of us are relieved that the very vitriolic and difficult-to-digest election of the last 18 months is over while others feel the drama has only just begun.
With the election of a significantly changed administration from what we have experienced over the last 8 years, the electorate is uncertain and many groups are scared. Possibly, positive job growth will persist with new hire numbers reaching the stratosphere given the career experience the new president has in creating jobs as a real estate developer. But we take greater hope in the following.
Possibly the campaign promise of this candidate to revitalize America’s crumbling infrastructure will be the most significant pledge to garner hope from. If followed-through and passed by congress, this program will no-doubt infuse the economy with tremendous growth and motivational energy. The more than a Trillion dollars anticipated to be allocated to this project will fuel the job market unlike anything seen since Roosevelt’s New Deal in response to the Great Depression of the 1930s.
From 1933 to 1938 and beyond the nation enjoyed a rebuild and infusion of capital that helped pull it out of the Great Depression and ready it for World War II. This program focused on what were referred to as the 3Rs standing for Relief, Recovery, and Reform providing for relief of the poor and unemployed, recovery of the economy and the reform of the financial system. The financial reform was required in order to prevent another catastrophic depression due to the lack of governmental regulations.
The incoming administration seems to be most prepared with a plan to institute a program similar and perhaps even bigger than the New Deal. Talk has it that capital for this program will be created by repatriating or encouraging the return of trillions of dollars from American corporations that are holding corporate profits in corporate divisions in off shore countries. This is suggested to be a voluntary program invigorated by a reduction in the corporate tax rate from 35% all the way down to 15%.
We at Job Service Help are encouraged that such as program will be a priority of our new administration. Perhaps with an all Republican congress and senate the new president will be able to forge this program where the previous had its hands tied by a defiant congress.
Two of the biggest works programs that came out of the New Deal program were the Civil Works Administration (CWA) and the Works Progress Administration (WPA). These programs made the federal government at the time the single largest employer in the nation.
While we look forward to a significant infusion of capital in our economy through another program such as the CWA or WPA, we call on a spirit of cooperation between the parties and their related perspectives. We now must take on the rebuild of the nation’s bridges, roads, pipelines and railways, but we would also like to see a significant piece of the capital allocated to the inevitable switch to clean energy and modern high-speed transportation systems.
Austria, Belgium, China, France, Germany, Italy, Japan, Poland, Portugal, Russia, South Korea, Spain, Sweden, Taiwan, The United Kingdom and other modern nations are focused on the future and have prioritized and invested hundreds of billions of dollars into renewable energy sources such as solar geothermal and wind generation. They have built modern high-speed maglev rail systems that in comparison make our rail systems look like something out of the 1800s. America is an innovator-nation responsible for groundbreaking technology and incredible industrial automation. If we don’t lead in the obvious new millennial technologies such as high-efficacy solar panels, cold fusion, Elon Musk’s Hyperloop transportation system and the evolution of self-driving and electric car battery systems will leave us in the dust by the most progressive countries fully embracing these 21st Century advances.
We believe that an attempt to solely hold onto old-school energy and transportation systems in the rebuild of our infrastructure and power sources will limit our ability to compete in a new world of marvelous innovation being undertaken by the rest of the modern world nations.
America has always been about innovation and change. While automation and technology initially appear to be the enemy of jobs, historically automation and modernization has always been the creator of new jobs within the very same game-changing technology that spurred the change to begin with.
The New Deal largely became the underpinning of the labels conservative and liberal. It was fraught with division between Republicans who were somewhat fragmented within their party, with conservatives opposing the entire New Deal fearing business and growth would suffer, and liberals accepting most of it and assuring to make it more efficient at a later date. The New Deal was so contentious that it was responsible for the creation of two distinct and divergent groups, the New Deal Coalition that dominated most of the elections since 1960 and the Conservative Coalition which controlled Congress from 1939 to 1964.
The infrastructure program our new administration embarks on need not be the catalyst of more division but rather should embrace all perspectives for a future based on the reality of future technology and innovation. We not merely republicans and democrats, conservatives and liberals but Americans with a long history of cooperation and compromise that has enabled us to become the most powerful nation on the planet. Let’s continue in that spirit of cooperation into the 21st Century so we can maintain our strength and status as the most powerful nation on earth while creating millions of new jobs.