The economy shrank by 3.8% in the last three months of 2008 in the United States. Business are making fewer investments, there are fewer jobs, and people aren't spending. Layoffs continue, 2.6 million jobs were lost in 2008, and another 2.8 million had to settle for part time employment.
Personally, you must know someone who has lost their job, lost some of their retirement, lost their home, or a car. To combat this downward economy, Obama has proposed the Middle Class Task Force.
What is the middle class task force?
Joe Biden is the leader of the middle class task force. As a working class kid from Scranton, Pennsylvania, Obama feels Biden is an excellent pick to head this task force. To focus on policies to benefit the middle class, to make sure workplaces are fair, to strenghten the labor movement of the United States.
Obama's argument is that when workers prosper, they buy products and help the overall economy. Part of his proposed changes will also prevent taxpayer dollars going to contractors to reimburse federal unions. Investments in cleaner energy technology were proposed, as well as educational investments to benefit the middle class.
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