Check this out; seems to me Robert Reich's beloved Obama could do at least as good as Wright Patman:
This on-line book available for downloading for free may be of interest:
This is the hearing on the original Full Employment Act of 1945 which includes the actual act.
John William Wright Patman was a U.S. Congressman from Texas in Texas's 1st congressional district and chair of the United States House Committee on Banking and Currency.
Born: August 6, 1893, Hughes Springs
Died: March 7, 1976, Bethesda
Party: Democratic Party
How come all you Obama supporters aren't pushing this legislation today?
"Jobs, Jobs, Jobs" but what happened to the idea that the United States government is responsible for maintaining "full employment?"
This is from the Wall Street Journal:
Robert Reich is wrong; our goal must be to get the United States government to assume its responsibility to the American people for maintaining a "full employment economy" just like United States Congressman from Texas, Wright Patman proposed.
Why Jobs Must Be Our Goal Now
By Robert Reich
January 3, 2013
The news today from the Bureau of Labor Statistics
is that the U.S. job market is treading water. The
number of new jobs created in December (155,000),
and percent unemployment (7.8), were the same as
the revised numbers for November.
Also, about the same number of people are looking
for work (12.2 million), with additional millions too
discouraged even to look.
Put simply, we're a very long way from the job
growth we need to get out of the gravitational pull of
the Great Recession. That would be at least 300,000
new jobs per month.
All of which means job growth and wage growth
should be the central focus of economic policy, not
Yet all we're hearing from Washington -- and all
we're likely to hear as Republicans and Democrats
negotiate over raising the debt ceiling -- is how to
cut the deficit.
The typical American worker's paycheck will drop
this week because his or her Social Security tax will
rise, from 4.2 percent to 6.2 percent. That's
We need to put more money into the pockets of
average workers, not less. The first $25,000 of
income should be exempt from Social Security taxes
altogether, and we should make up the difference by
eliminating the ceiling on income subject to Social
Robert B. Reich, Chancellor's Professor of Public
Policy at the University of California at Berkeley,
was Secretary of Labor in the Clinton