Issue Position: Economy

Issue Position

Today, too many hard-working Americans are living paycheck to paycheck, struggling to make ends meet, going deeper into debt and worrying that the American Dream is further and further out of reach. Stephen Lynch believes we can solve these problems.

First, Lynch believes the Federal government needs to create conditions that will induce the private sector to begin lending to creditworthy developers, businesses, and consumers. He supported the recent Financial Services Reform legislation, but U.S. financial markets have suffered a loss of confidence at many levels, domestically and internationally, because many market participants have come to believe that U.S. financial institutions lacked integrity. It will take time and patience to rebuild that confidence.

Second, Lynch believes the Federal and State Governments should develop some major projects that are 1) necessary (no make-work projects), 2) viable, and 3) strategically linked to private sector job creation. Transit oriented development, next generation power projects, and major infrastructure projects that are paired with private sector job creation should be eligible for targeted but limited public support.

Third, Lynch believes that the U.S. needs to make a special effort to put young people to work. It is getting increasingly difficult for new entrants to the job market to find employment. Lynch supports a meaningful national job corps in priority areas and inner cities that would help grow jobs for young people.

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