What does "Faithful Citizenship" say about the economy?
"The economy must serve people, not the other way around. Work is more than a way to make a living; it is a form of continuing participation in God's creation. Employers contribute to the common good through the services or products they provide and by creating jobs that uphold the dignity and rights of workers--to productive work, to decent and just wages, to adequate benefits and security in their old age, to the choice of whether to organize and join unions, to the opportunity for legal status for immigrant workers, to private property, and to economic initiative. Workers also have responsibilities--to provide a fair day's work for a fair day's pay, to treat employers and co-workers with respect, and to carry out their work in ways that contribute to the common good. Workers, employers, and unions should not only advance their own interests, but also work together to advance economic justice and the well-being of all. #52
"Economic decisions and institutions should be assessed according to whether they protect or undermine the dignity of the human person. Social and economic policies should foster the creation of jobs for all who can work with decent working conditions and just wages. Barriers to equal pay and employment for women and those facing unjust discrimination must be overcome. Catholic social teaching supports the right of workers to choose whether to organize, join a union, and bargain collectively, and to exercise these rights without reprisal. It also affirms economic freedom, initiative, and the right to private property. Workers, owners, employers, and unions should work together to create decent jobs, build a more just economy, and advance the common good." #76
Forming Consciences for Faithful Citizenship, by the U.S. Conference of Catholic Bishops (November 2007)
For more, see "Catholic social teaching on the economy."
What does the Democratic National Platform say about the economy?
"We Democrats want--and we hereby pledge--a government led by Barack Obama that looks out for families in the new economy with health care, retirement security, and help, especially in bad times. Investment in our country--in energy, education, infrastructure, science. A ladder of opportunity for all. Democrats see these as the pillars of a more competitive and fair economy that will allow all Americans to take advantage of the opportunities of our new era....
"Democrats are committed to an economic policy that produces good jobs with good pay and benefits. That is why we support the right to organize. We know that when unions are allowed to do their job of making sure that workers get their fair share, they pull people out of poverty and create a stronger middle class....
"In America, if someone is willing to work, he or she should be able to make ends meet and have the opportunity to prosper. To that end, we will raise the minimum wage and index it to inflation, and increase the Earned Income Tax Credit so that workers can support themselves and their families. We will modernize the unemployment insurance program to close gaps and extend benefits to the workers who now fall outside it."
What does Barack Obama say about the economy?
"Our government cannot guarantee success and happiness in life, but what we can do as a nation is to ensure that every American who wants to work is prepared to work, able to find a job, and able to stay out of poverty. What we can do is make our neighborhoods whole again. What we can do is retire the phrase "working poor" in our time. That's what we can do, because that's who we are." Washington, DC, July 2007
"We've got a lot of work to do economically in this country to bring about a more just and fair economy. It starts with, I think, recognizing the wages and incomes for average families have gone down during the most recent economic expansion. That's never happened before in the history of America since we started recording these statistics, at least since World War II.
"So we've got to shore up the mortgage market to make sure that we don't have millions of people who are losing their homes. We're going to have to I think change our tax code. For us to provide tax breaks to the wealthiest among us, those who didn't need them and weren't even asking for them, at a time when ordinary folks are struggling to fill up a gas tank just to get to a job....
"And so we've got to give them some tax relief, and we've got to invest in our infrastructure to create jobs, particularly those who are going to be getting laid off in the construction industry, the housing market goes down." Democratic Candidates Compassion Forum, April 13, 2008