He must think this is a loser for Democrats
David Broder is complementing Barney Frank
In a March 4 speech, Frank took what has become a commonplace of political conversation, something that President Bush, Sen. John F. Kerry and scores of lesser lights constantly discuss -- namely, the frustrating job market -- and probed it in a depth one rarely hears from a politician.
By doing so, he carried the jobs debate to a level where the policy choices become so basic -- and challenging -- that ordinary pols and pundits fear to tread.
… A fundamental shift has occurred, he says. "The ability of the private sector in this country to create wealth is now outstripping its ability to create jobs. The normal rule of thumb by which a certain increase in the gross domestic product would produce a concomitant increase in jobs does not appear to apply."
That is the basic reason, he suggests, for this jobless recovery -- why month after month the economic growth figures spell boom, and month after month unemployment remains stubbornly high and more thousands become so discouraged they give up the search for work.
… When I asked him in an interview Thursday if he was sending a message to Kerry, Frank said, "It's a message for all Democrats. What I'm saying is we're in a situation now where we need the government, and where is it? We've cut taxes, we've criticized bureaucracy, we've almost condemned the public sector. I'm saying it's time to talk positively about government and use it to do what the private economy is no longer doing."
His proposal is to tax some of the wealth the private sector is now producing so abundantly -- "a fairly small percentage," he said, without being specific -- "and use it to employ people on socially useful purposes."
Frank urges that we "take some of the wealth that is being created by this wonderful thing, this increased productivity, this new technology and the ways of using it, and all this innovation, and let us use it for our own undisputed public purposes. Let us give cities and states more money so they can have more people policing, fighting fires, cleaning up the environment, repairing facilities that need to be repaired, enhancing train transportation, building highways, helping construct affordable housing in places where that is a crisis, helping pay for higher education for students."
Two points to Barney for being the one to mention the elephant in the corner.
