Tonight is the kickoff of the “Steel on Wheels” tour, featuring MSNBC’s Dylan Ratigan and Nucor Steel CEO Dan DiMicco, who are leading a “Get America Working” townhall in Seneca Falls, NY – the home of the Suffrage Movement and the inspiration for “It’s a Wonderful Life.” The townhall is designed to start a “Jobs Movement” that tackles what Ratigan labels as the four biggest obstacles to job creation, with which I don’t imagine many here at FDL would disagree:
The theme of the town hall is How to get America Working Again. Over the course of the past 19 months the unemployment rate in this country has lingered about 9%. Proving the idea that Americans need work and currently our government’s main job should be to create these jobs.
- Fair Trade Now: We must make trade fair by balancing our trade deficit.
- Make Banking Lending to Businesses, Not Gambling or Buying Treasuries: With the consolidation of the banks due to deregulation; banks are not interested in lending to American businesses due to the fact that they will not make a profit.
- Control Health Care Costs: Unlike America’s foreign counterparts, US based companies are mandated to pay employee health care, which in turn results in the US having insufficient health care while spending 16% of GDP.
- Reform the Tax Code: Use the tax code to promote US investment instead of rewarding overseas investment and aristocracy.
Ratigan authored a post today at HuffPo that delves into the details of the problems preventing job creation.
You can watch the townhall live here starting at 7pm EST. More on the program below.Ratigan is hosting the townhall, which will feature these guests:
DAN DIMICCO
Dan DiMicco currently serves as Chairman and CEO of Nucor Steel, a position he has held since 2006. A metallurgist by trade, Mr. DiMicco has brought his more than 30 years of steel industry experience to Nucor.Dan DiMicco joined Nucor in 1982 and since then he has held various executive level jobs. Thus, allowing him to gain a deep understanding of Nucor’s unique culture and values.
DUNCAN MOORE
Duncan Moore is an inventor by trade and currently runs the Center for Entrepreneurship at the University of Rochester. Duncan’s major areas of research are computer-aided design, medical optics and optical instrumentation, which are all extremely popular and important at the University of Rochester.In addition, he was the associate director of technology policy during the Clinton White House and he currently interacts with scientists who create start-up companies.
ANDREW JENKS
When Andrew was 16, he founded the Hendrick Hudson Film Festival, which has since become one of the biggest high school film festivals in the United States. Currently, Jenks stars in a new docu-series, “The World of Jenks,” which has become the highest rated series premier in MTV history.“The World of Jenks” captures the filmmaker shadowing a stranger for seven days and living a completely different way of life from his own. He will walk the proverbial mile in someone else’s shoes – whether that someone is a homeless person or a supermodel or anything in between. As a documentary filmmaker, Andrew will explore their lives, interact with their family, hang with their friends and generally see the world from their perspective. He will live with their decisions and question those decisions but ultimately live with the consequences.
CHRYSTIA FREELAND
In 2010 Chrystia Freeland joined Reuters as Global Editor-At-Large, she is responsible for planning and implementing Reuters editorial strategy. Chrystia came to Reuters from the Financial Times, where she was the US managing editor and helped the US Financial Times become the single largest edition.



28 Comments

Very interested to see what Ratigan is up to with this tour.
Cool, I guess. Is Dylan actually attempting to accomplish something here or just drum up ratings for his faltering show?
Is his show in trouble? I am surprised.
Ratigan has been going more and more populist progressive I feel like. It seems almost like a real change based on seeing how horribly rigged the system is even beyond imagination.
I’m getting cynical too.
Nuts. At one point my spouse was considering going to work for Nucor. Guess he should have.
They don’t lay off people ever according to the company
I wonder what concrete proposals would look like:
Or this, for that matter:
It’s easy to imagine suspending things like QE, but how does one compel banks to make loans they don’t think will be profitable? I guess one could provide tax incentives, but then I’m sure we’d see constant blathering about tax breaks for banks.
Yeah, well “Arbeit Macht Frei”!
Best talking head on tv, I’m stoked that he is taking the show on the road. How do you mean faltering?… He has the best good common sense approach, (asks questions I also would entertain,and would ask if I had access to people like he gets, on to ask… IE: Black; and so many… ) This is my favourite show.. so there.
Faltering? not a bit. He might muzzle it some, like he did today in Seneca Falls when Paddy mc____ kept talking over that beauty____ Chrystia, who will tell it like it needs to be told!
A reply but I forget who too, don’t mattah.
What’s goin’ on there are you sayin’ “ho hum” with the thread?
I’m sorry, but would you please re-read what you wrote?
They already do this, have been doing it since Glass-Steagall ended and Graham-Blilely-Leach passed.
They make loans that will fail, they bulk out a portfolio of loans with them, stuff the portfolio into tidy bundles called Mortgage Backed Securities and swaps, and then they bet on their performance.
Because they can still make money on failed loans. Don’t even get me started on short sales of foreclosed properties.
The incentives are pretty easy. It’s called oversight and regulatory enforcement, and it’s called reversal of Graham-Blilely-Leach and reimplementation of Glass-Steagall. Get the damned banks out of gambling in unregulated markets and back to the business of banking. If they can’t make money on sound banking practices, well, then they need to fail.
Taht was legendary, it had that… catchyness… (Poetic (daemonics) ). That last parenthetic: I would put in a small font.
Hey we all have to… ah… I’m thinking… tic tok tic tok…
We don’t have to even get up in the morning if we don’t decide to.
That is the biggest bull scheise thing, that moves the dweebs into action.
This is, “you ain’t gotto move, or do anything,”… as long as got some pain tollerance…
This is the basics in what was… to just not show up for work, call that a strike, or call it a sick out, or… ?
The work around to which is… A time of externalization of production…
Not that we have a European type culture, (like France etc. ) where there is tradition and widely held expectations of some fair… ways and means of doing things, going back to antiquity.
This is really devolving to what it would have been sooner, were it not for a few real PATRIOTS, and geniouses, and more, (I ain’t much on the acedemics)
who did the deed and made the Constitution, and who made it possible for us’ns to bee.
OT I liked this book:
http://www.amazon.com/No-Simple-Victory-Europe-1939-1945/dp/0670018325/ref=sr_1_3?ie=UTF8&s=books&qid=1292465761&sr=1-3
I’m a huge fan of Chrystia. I hope others will see her for the star quality that is totally there.
Dylan is the best we have today… He is like Edward Murrow, (for this time.)
So if somebody like yous don like that… so whatcha gott ta say… ?
The time is comming when language will be compromised, (Tower of Babel) so I am saying, we: Human race, must get real and… well what ever… ?
Now tell me something… sweetheart… Is this lack of: real?
Nature abhores a vacumn…
I’m out now, not seeing any reverb there, but of course, these are interesting times, and we, will get our monies worth, in the end.
To tell the truth I am really appalled at this FDL thread or response etc. Where are any of the folks that should speak up on this travesty?
Someway… Jose… there is a lack of interest, or a lack of response, what evah…
Not much interest in this thread, which I did admonish the great editor pro tem to my destruction I may presume…
Blah dee blah etc and usv. but hey it ain’t too bad to have a way to say… usw
USW: (Und so Weitere…) means… etc. in german.
In Norsk teh term is: OSV Oh so videra… A with a kind of umlout dot above the A, is pronounced… O. OH like that. A with a dot on top is “OH”. so videra. I think actually I spent 3 months in Norway and I could not get the lanquage, I think these small countries, and cultures, are impermiable, for us dumass Yanks, we suck.
That is the way they habe what little advantage that they may own.
All the world knows English, but no American can speak much of … others.
So when that day comes, when America becomes weak, that is a bad day for the Americans, with all the world knowing we/us as what ever, with the hollywood products, IE: Ozzie /Harriet, USV; OSW; ETC. and onandon,
Ok maybee I ah… got a little too much wodka again. I sure do love you all, and that includes some of the fools, some of which, I hope, will continue to argue, cause’ that is what I do.
Andy Grove gave a Bloomberg interview on this topic over the summer. It’s definently worth a read:
How to Make an American Job Before It’s Too Late:
http://www.bloomberg.com/news/2010-07-01/how-to-make-an-american-job-before-it-s-too-late-andy-grove.html
“Before it’s too late” is right! We’re letting a vast number of very experienced people slip into retirement without tranfering thier know-how to the next generation. It’s Wallstreet inspired national suicide.
The banks don’t need tax breaks. As Rayne says, they need to be stopped from making money via non-productive forms of investment. We gotta stop giving the milk to the banks for free… force them to invest in us cows!
Also, I think that long term government spending commitments will be needed to stabilize the economic environment. No one in thier right mind would invest in the current state of affairs.
Regarding taxes, just look at the old US tax code from the 1950′s.
Rates were steeply progressive(91% top rate) but those high rates could be avoided by plowing your profits back into your business. This promotes R&D and capital improvements.
Hey geo,most of the posters are extremely knowledgeable on the political tip,but unfortunately,they don’t place this knowledge into the inextricable context of political economy.So,for example,if I noted that Kristina is the only voice who’s said we’re in the final stage of structural adjustment,very few could appreciate such truth peddling to explain our economic plight.
I doubt it, since capital investment doesn’t shelter income from tax. Capital investments aren’t deductible (rather, they’re amortizable), so there’s less incentive to research when rates are high.
Unless we have special tax breaks, that is.
Even banks that don’t engage in speculative trading aren’t lending much right now, though.
For the lamestream media ,Ratigan isn’t too shabby. I’ve even noticed after giving up on Olbermann and Maddow(after they went to dinner at the WH)that they’re starting to put the clamps a little bit on Obumbler.
On a different note, Greg Brown,CEO of Motorola was asked yesterday after the meeting with step and fetch-it if he saw any positive things that have happened recently as far as the economy is concerned. Korean FTA was the first thing out of his pie-hole. The second thing was him explaining how we have to finish the Columbia and Panama FTA. When the food and housing riots start,guys like Greg are gonna have to have tall fences around their gated communities. What absolute sociopaths american business has become.
Which is why I said:
“Also, I think that long term government spending commitments will be needed to stabilize the economic environment. No one in thier right mind would invest in the current state of affairs.”
What is it that you doubt?
That we had a tax system that worked back in the 1950′s.