Mathis' Mind

Archive for the ‘Economy’ Category

SUPPORT ANTI-POVERTY PROGRAMS

Friday, September 3rd, 2010

Over the years, many, if not most, Republicans have gone on record protesting federal funding of many social programs designed to help Americans in need. With the country hit hard by recession, the need for these types of programs have increased and, you guessed it, conservative politicians and pundits alike have made their displeasure known.

Thankfully, President Obama sits on the right side of this debate and has advocated for and signed into law legislation that increases these public support programs.

If you were lucky enough to not have suffered a lay off or home loss during this recession, it’s easy to overlook just how many have fallen victim to the decline in the economy. According to USA Today, government funded programs designed to reduce poverty have grown during the recession; such programs now one in six Americans – a record. Experts predict those numbers will continue to grow. Currently, close to 10 million Americans receive unemployment benefits, while the Medicaid rolls have grown 17 percent since the recession began. That number, too, will rise as the new health care law is predicted to add another 16 million recipients to the list in the next few years. The number who receive food stamps has grown over the last couple of years as well, nearly 40 million Americans – a 50 percent increase since the start of the recession – currently receive food stamp benefits.

These numbers are sobering. It’s easy for Republicans and others to talk about ‘small government’ and cry that anti-poverty spending jeopardizes the future health of our economy.  The reality is that our present economy is in shambles and we have no real idea of when it will rebound. Americans are suffering and it is the government’s duty to provide for its people until the economy gets to a point where they can then provide for themselves.

We are entering a critical mid-term election period and many offices across the country are up for grabs. As a voter, you can support anti-poverty programs by supporting those lawmakers who not only agree that government should provide economic safety nets but fight to make sure that it does.

JUDGE BANKS HARSHLY

Friday, August 27th, 2010

After the financial sector’s bad business practices nearly caused a collapse of this country’s economic system, it was bailed out – by taxpayers – to the tune of $700 million in government funds. At the time, many Americans balked at the huge sum. Most, however, came to realize that saving banks was a necessary step in saving the overall economy. Most of us also hoped that, down the road, the banks – and those who lead them – would be in some way punished for their many missteps.

Unfortunately, federal prosecutors are not in sync with the thoughts of the American public; the deals they’re striking with these bad behaving banks amount to little more than slaps on the wrists. Prosecutors aren’t, for the most part, seeking to press criminal charges against banking executives who knowingly hid or misinterpreted information from investors and the public. Instead, they’re agreeing to let the banks publicly admit to wrongdoing and allowing them to walk away with a fine.

Thank God for judges!  A few smart, call it as they see it federal judges are shocked and outraged by the surprisingly lenient penances these banks are being allowed to negotiate. And they’re expressing their displeasure to prosecutors, instructing them to go back to the drawing board and return to court with punishments that somehow reflect the seriousness of the crimes.

These judges are acting as the eyes and ears of the American people, representing our desire to see justice served. They should continue to do just that. The financial sector is the last one that deserves a break. Families and small business owners drive our economy yet they’ve received very few breaks. Instead, they’ve lost their homes and had to close their businesses when it became obvious that the government had not created a bail out plan for them. Thankfully, the judges hearing these cases are able to break away from the tradition of agreeing with whatever deal the prosecutor recommends and, instead, forces justice to be served.

PRESIDENT PLAYS HARDBALL

Friday, June 25th, 2010

Amidst allegations that he has been less than forceful in several areas, President Obama’s decision to put pressure on BP and demand the creation of a $20 billion fund has shown real strength in light of the BP oil disaster. Money from the fund will be used to pay victims of the massive Gulf oil spill that has caused billions in damage, and jeopardized the ecosystem of communities along the Gulf Coast, putting the lives of residents in danger. With this move, the President has proven he can indeed play hardball and that, despite critic’s claims to the contrary, he is focused on managing this disaster and minimizing its impact.
It wasn’t too long after the spill that critics began to proclaim that Obama was falling short when it came to handling this disaster. He was criticizing for being too cool, for not being forceful enough and for not showing emotion. This reaction was expected from Republicans. After all, they look for any opportunity to portray the President in a negative light and, hopefully, gain momentum for their party. But Democrats joined in as well. Everyone was faulting the President for being the exact person the public elected: calm, thoughtful and intellectual in approach. Indeed, Obama is a passionate person – that comes across in his speeches. But, he thinks before he acts, he discusses the issue at hand, with everyone involved, so that he can make the best possible decision. These are the traits, among others, that got him elected.
So, it was surprising that so many jumped on the bandwagon and criticized him for being himself in the weeks immediately following the oil spill. Though he has remained true to his character, the President’s call for the fund put everyone on notice: he does hold BP accountable for the spill and expects the company to put their money where their mouths are. The move is both tough and calculated; there is no doubt that the idea for the fund was created after some thought and several conversations. It is a perfect combination of the cool intellectual we voted into office and the hardball President so many desire to see.
The Gulf Coast is suffering and we still don’t know what the long term effects of the spill will be; the public still can’t get an accurate measure of how much oil has actually been spilled. Now that the President has shown he can be the tough guy everyone wants him to be, it’s time we all put our energy into the important things: fully stopping the leak, protecting wildlife and the land areas near the spill and cleaning up the damage.

JOBS JOBS JOBS

Thursday, October 8th, 2009

Economist are telling us that we are turning the corner on this recession. They say stocks – particularly bank stocks – are rebounding. Too bad the 15.1 million unemployed Americans aren’t feeling any relief.

The unemployment rate for September is well over 9-percent but should be higher.  Over 570,000 people dropped out of the work force last month, probably because they gave up hope thinking they’d find a job. If they were still looking, they would have been counted as among the unemployed.   The unemployment rate is the highest it has been in decades. Men, traditionally responsible for caring for their families are hit the hardest. Black men, who often have trouble finding sustainable work, even in good economic times, are struggling the most.

America needs to focus on creating jobs for its workers. The much-debated healthcare reform could create new jobs. With government funding, hospitals and clinics would need to hire additional medical support staff, creating a growing workforce. Pending energy legislation will also create new jobs. As companies, with the support of federal dollars, work to ‘green’ their operations and environments, American workers would have a new career opportunities available to them.

But more must be done. The government should mandate that companies who receive any federal funding should not be allowed to outsource jobs to other countries. Outsourcing has cost America hundreds of thousands of jobs over the last several years. Additionally, legislators should create a job program specifically geared to hiring and putting Americans into jobs.

These jobs should not be dependent on federal funding. Rather, the program should investigate new job creation strategies and work to implement them. Lastly, the funds distributed via the stimulus package, intended to repair the nation’s infrastructure, creating new jobs in the process, should be monitored more closely. Reports indicate funds are not being used as intended. Cities not using the funds as planned should be sanctioned.

The economy may indeed be improving. But it will be some time before the average American sees that change. People need jobs now. And American must work to create them.