Leo Gerard: I’m Tired of Hearing about Stimulus
I’m at the New American Economy Conference, watching Leo Gerard, the head of the Steelworkers, talk about the need for a manufacturing plan. He has quoted Jeff Immelt and Alan Mulally talking about the need for a concerted focus on manufacturing in the United States.
One point he made is that by framing economic recovery in terms of “stimulus,” rather than a manufacturing plan, you imply a one-time lightning strike, rather than the plan that Immelt and Mulally–and the Steelworkers–are calling for.
Update: He went on to say, “When I was a kid if they asked your for 15% interest, they’d arrest you. Now, they make you Employee of the Year.”