FED PILOT PROJECT 8-20-14

FEDERAL RESERVE PILOT PROJECT

Keynes Economic Engine Experiment L.A.

Janet Yellen is new CHAIR of the FED, and an avid scholar of John Maynard Keynes.  Keynes’ economic cure for deep recessions is clear. When Corporations are afraid to hire, Government must be the employer of last resort.  In California, there are over 1.3 million unemployed.

We propose employing a FED PILOT sample of 200K jobs. This small a sample should not raise reasonable inflation fears. Yet, California could provide a vibrant model for all Cities in America.

100,000 Jobs to rebuild our Infrastructure.  We need also to hire more women and youth, who are often forgotten.  They are both the protectors, and guarantors of our next generation.    

50,000 ASST. TEACHERS.   Our schools have faced traumatic cuts.

25,000 NURSE ASSTS.  Low hospital Ratios pose a danger to patients.

25,000 YOUTH HIRES.   Job training: computers, beach and inner city.

To achieve these goals a BLUE RIBBON PANEL should meet with Chairwoman Janet Yellen.  This Panel could consist of our uniquely popular Mayor, Eric Garcetti, Council Member Mike Bonin, and Congress Members from the Congressional Progressive Caucus.

The injection of the these Jobs and salaries into the Southern California Economy will spark a consumption revival.  It could lead our entire sputtering Nation into a real recovery.

William Floyd, FED PILOT Project         Council Member Mike Bonin
These are the strongly held convictions of 2500 + Democrats on the West-
side (WLA, Brentwood, Pac Pal, Palms, Mar Vista, Venice, MdR, PdR)

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e California

Overview - California Labor Market Information

The EDD promotes California's economic health by providing information to help people understand California's economy and make informed labor market choices.

Top Statistics - July 2014

• Cal Labor Force: 18,579,800  |   - 39,500
• Employment: 17,208,600  |   - 31,400 losing jobs

Keynes said Gov’t must CREATE JOBS not lose them

• Unemployment Rate: 7.4%  +0.0    (Real rate 16%)

• Unemployment: 1,371,200  | - 8,100

• Workers & Teens hurting since 2008. Desperately need:

• Federal Pilot Project of 200K jobs for Los Angeles

Barack Obama cannot bring Jobs because of GOP & Boehner.

Chair Janet Yellen can & will show the good side of the FED.

Fuller Employment. Only the FED can create 200,000 Jobs.