Posted August 19, 2020 | by KimS | in 2020 Democratic Convention, 2020Presidential, DemDaily, Democratic Party, Elections, Resource

DemDaily: A Conversation on Infrastructure

August 19, 2020

Among the many policy forums, discussions and webinars this week is those hosted by the National Infrastructure Bank (NIB), dedicated to investments which would create at least 25 million new union jobs.

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Join labor leaders, elected officials, economic and infrastructure experts Wednesday, August 19th @ 1:00pm ET for a live presentation and Q & A to discuss a proposal for a $4 Trillion National Infrastructure Bank introduced into the U.S. Congress by Congressman Danny Davis (IL).

When: August 19th, Wednesday
Event: A Discussion: National Infrastructure Bank
Time: 1:00pm - 2:30pm ET/12:00pm-1:30pm CT

Moderator: Jack Hanna, former Pennsylvania State Democratic Party Treasurer and Interim Chair, Delegate to the Convention

Participants from over a dozen states include:

* Rudy Arredondo, President, National Latino Farmers & Ranchers

* David Cameron: Assistant to the President, Teamsters Rail Conference, Los Angeles

Thomas Carey NY AFL-CIO

* Thomas Carey: President, Westchester-Putnam Counties New York Labor Council AFL-CIO
*  Steven Fenberg: Author, "Unprecedented Power: Jesse Jones, Capitalism and the Common Good"
*  Stanley Forczek, Infrastructure Consultant and former
Executive Amtrak Corporation
*  Carl Holland: Virginia State Convention Delegate, former 2016
Sanders Campaign Regional Field Director
* Robert Lynn, Secretary Toledo Jobs with Justice Coalition,
retired Plumbers and Pipefitters Union
* Alphecca Muttardy, former International Monetary Fund Economist
* Jason Parker, President, Virginia State Building
and Construction Trades Council
* Erika White: Vice-President, NW Ohio AFL-CIO
and President, Communication Workers of America Local 4319
*  Tara Zrinski: Northampton County Council, Pennsylvania, Candidate, State Representative

The proposed National Infrastructure Bank is modeled on the principles of national banking developed first by Treasury Secretary Alexander Hamilton. Similar National Banks were successfully used by four great U.S. Presidents to build our nation: George Washington, John Quincy Adams, Abraham Lincoln and Franklin Roosevelt

CWA's Erika White

The Crisis At Hand: Not only is the nation reeling under the impact and mismanagement of the COVID crisis, but the economic fallout threatens to become a runaway train. Real unemployment is running at levels not seen since the Great Depression, and more trouble looms ahead.

This autumn could witness mass bankruptcies of small and medium size businesses, deepening and increasingly permanent unemployment, mass evictions, and more economic carnage. Financial markets are zooming upward while the real economy falters, so a new huge financial crisis is in the offing.

We need a powerful economic driver which will rebuild the real industrial and manufacturing economy, and the most proven answer is a massive infrastructure program.

Learn More about a proven approach for financing infrastructure development our country has previously employed at the founding of our country and most recently used during our last Great Depression in the 1930's.