MKE COMMERCE COUNCIL focuses on Hidden Talent and Neighborhood Business Development w/Sen. Bob Casey, Sen.Barney Sanders and Chairman Ben Bernanke

MILWAUKEE (MPA) - June 21, 2012, Today's announcement from the desk of MKE Commerce Council, the new "think tank" excitement of Milwaukee Professionals Association is that the Chair/CEO, Mary Glass, will channel information and seek guidance from the offices of two members of the Joint Economic Committee and the Federal Reserve Chairman. They are:

• Senator Robert "Bob" Casey - Pennsylvania
• Senator Bernie Sanders - Vermont
• Federal Chairman Ben Bernanke

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During the recent Joint Economic Committee - Economic Outlook hearing - held on June 7, 2012, Washington, DC after the May Jobs results report; for over two hours the committee members and Chairman Bernanke engaged in discussion. CLICK for hearing. CLICK for Chairman Bernanke testimony.
"We should do more to support small businesses by targeting tax incentives to firms that expand their payroll, we can stengthen the recovery." Chairman Casey - Joint Economic Committee.  This quote was part of Chairman Casey's Opening Statement.

The hearing was very informative,
Milwaukee Professionals Association has assigned the follow-up of the selected comments below to MKE Commerce Council to evaluate and make recommendations over the next three (3) months.  MKE Commerce Council will link the input in its first project:  2012 Show Me the Money and Resources Series.

The selected six (6) comments to focus on at the Urban/neighborhood level from Senator Bob Casey, Chairman, Senator Bernie Sanders and Fed Chairman Ben Bernanke are:

• Support of small businesses through targeting tax incentives - Chairman Casey.
• At the fed level to change the "Conflict of Interest" appearance - large banks sit on Federal Reserve boards - Senator Bernie Sanders.
• Unequal distribution of wealth in American and the growing numbers - Senator Bernie Sanders.
• Breaking up the large Financial instutions that have so much economic and political power (assets 2/3 of GDP and over $9 Trillion dollars in assets, write 2/3 of credit cards and half of the mortgages) - Senator Bernie Sanders.
• A third objective for fiscal policy is to promote a stronger economy in the medium and long term through the careful design of tax policies and spending programs. To the fullest extent possible, federal tax and spending policies should increase incentives to work and save, encourage investments in workforce skills, stimulate private capital formation, promote research and development, and provide necessary public infrastructure. Although we cannot expect our economy to grow its way out of federal budget imbalances without significant adjustment in fiscal policies, a more productive economy will ease the tradeoffs faced by fiscal policymakers - Chairman Bernanke.
• Decline of the Middle Class - 35-year trend due to globalization, technical change (made high school education less favorable - education incentives and so on)

Stay tuned.