Lisa McCormick proposing $5 trillion domestic Marshall Plan

Lisa McCormick is proposing a $5 trillion domestic Marshall Plan to invest in America, create good jobs and transform this nation’s urban communities to rescue those residents who face the greatest disadvantages in our trickle-down society.

“America will become a third-rate power unless we undertake policies to ensure that our neglected population gets the education, housing, health care and job skills they need to help America compete successfully in a global economy,” McCormick said.  “The United States spent $2 trillion on defense because we were locked into a wartime mentality in the 10 years leading up to the end of the Cold War with the Soviet Union. Instead of redirecting that money into more productive uses, or military industrial complex kindled a new kind of permanent war against terrorism, assuring fear and panic that would channel money into profits for decades.”

“Once, Americans could complete a course of free public education, which prepared one to get a 40-hour per week job that paid enough to have a really good life & retire at 60,” McCormick said.  “That is gone now — as people struggle to make ends meet with two or three jobs — but Americans have the power to take it back by ending the 40-year class war against workers and investing.”

McCormick said Congress should direct the Federal Reserve to fund an urban Marshall Plan that develops our economic infrastructure, renews our cities, and moves people out of poverty and to bring the national debt down to ‘minimal levels.’

There was no peace dividend, after politicians argued that any savings from reduced defense spending will be used to reduce the federal deficit until they invented their insidious war against terrorism.

The Marshall Plan, named after Secretary of State George C. Marshall, was a program under which the United States provided more than $12 billion in economic aid to Western European nations between 1947 and 1952 to help them rebuild after the devastation of World War II.

McCormick said that as long ago as 1963, the Urban League, under the leadership of Whitney Young, had called for a domestic version of the Marshall Plan.

“Many urban inner-city areas today are like zones of desolation and despair, racked by chronic unemployment, underemployment, poverty, inadequate health facilities, environmental degradation, poor performing schools, the infestation of drugs, crime, gangs, the illicit economy, fear, police occupation and terror – all feeding a prison-jail industrial complex where Black and Brown people are the primary fodder,” McCormick said.  “Life in America’s broken communities can be deadly and destructive of the aspirations of people especially on working class and poor families. It has been devastating among Black and Hispanic Americans.”

Currently there is no acceptable response to our plight by policymakers in Washington. Total neglect of the 21st century. Ultimately we must compel the government to rescue and transform this nation’s cities.

Long advocated by the National Urban League under the leadership of John E. Jacob, the concept of a Domestic Marshall Plan was derived from the massive and unprecedented expenditure of U.S. resources to rebuild Europe and Japan after World War II.

When Europe found itself in physical and economic ruin after World War II, the United States invested the equivalent of $130 billion in today’s dollars, and since 2006, the United States has spent nearly $50 billion rebuilding Afghanistan, while the Troubled Asset Relief Program (TARP) that President George W. Bush signed into law in 2008, infused the nation’s faltering financial institutions with investments of more than $400 billion.

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