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Wealth Gap Has Widened Due To Economic Recession: Danger For America’s Future!

Ronald 4 Comments

While almost everyone, except the very wealthy, suffered from the Great Recession and its aftermath during the past five years, what is most distressing and dangerous for the future of America is the widening wealth gap among the races.

The average white family earns TWICE what the average African American or Hispanic family makes, and has SIX times the total wealth of the average minority family..

White families lost eleven percent of their wealth due to the recession, as compared to 44 percent for Hispanic families and 31 percent of black families.

Unless “Baby Bonds”, an investment in a child’s future, are given to all poor families, the future of minority youth to overcome their poverty and deprivation will be impossible, and the wealth gap will be impossible to narrow over future decades!

The Developing Gender, Age, And Racial Gap In American Politics Will Determine The Future

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What is becoming more obvious by the day is that America is facing a major split politically over the nation’s future. It will show up in the results of the Presidential Election of 2012.

A gender gap, already present, is growing, between the majority of women, who vote Democratic, and the majority of men, who vote Republican.

An age gap is also widening, as younger voters tend to trend toward the Democrats, while senior citizens seem afraid of the future, including the racial changes coming in the population, and are tending Republican, even though the Republicans should be seen as a threat to Social Security, Medicare, and Medicaid.

There is also an obvious racial gap, with the majority of whites voting Republican, while the majority of African Americans and Hispanics-Latinos are voting Democratic.

This split, along gender, age, and racial lines presents many challenges to the winner of the election, and indicates the stresses and tensions within the nation, as we see an aging white population, and an emerging, much younger and growing minority community becoming the major factor in the future of American politics. It also shows the growing conflict between men and women over their roles in American society, as women become the challenge to men’s dominance economically.

The old traditions are being upended by a changing dynamic that will affect policy making in the future. And it will also affect both the Democrats and Republicans as they come to grips with the political future. The party which accepts the future will dominate, while the party that resists the future will suffer!

Republicans Condemn Downturn In Unemployment, Claim Conspiracy, Condemn Bureau Of Labor Statistics As Corrupt: Showing True Contempt For Unemployed!

Ronald 1 Comment

The Bureau of Labor Statistics contains statisticians and economists who pride themselves on their work, and have a firewall to prevent any doubts about their work.

But it is easy to condemn government ‘bureaucrats”, and Republicans have now promoted a conspiracy theory, that Barack Obama is manipulating that revered agency, setting up lower unemployment numbers just in time for the Presidential Election of 2012. This is the theory promoted by Congressman Allen West of Florida, Senator John McCain of Arizona, and other irresponsible Republicans, angry over the dramatic drop in unemployment from 8.1 percent to 7.8 percent, the first time unemployment has been under 8 percent since the Obama Presidency began, and occurring just a month before the election.

So when more people gain employment, that is bad news, as it works against the Republican attempt to prevent Barack Obama from having a second term in the White House. It also shows the contempt of the Republican Party toward those who are unemployed! Instead of celebrating the wonderful event, instead besmirch hard working, loyal federal government employees as Obama lackeys, tainting the whole Bureau of Labor Statistics!

But think about it: Why, if the Bureau of Labor Statistics is being controlled by Obama, did it take until now to bring unemployment numbers down? It could have been done a year ago, so as to make the Republican campaign more difficult, instead of giving them the economy issue that they could hold over the head of Barack Obama constantly! The whole concept of collusion is so preposterous that it reflects badly on West, McCain and others!

One could excuse the West statements, as he is a well known whacko in trouble in his Florida district, as his Democratic opponent, Patrick Murphy, is leading in many polls. But for McCain, Barack Obama’s opponent in the Presidential Election of 2008, it again indicates the dual personality of the Arizona Senator—sometimes responsible in his utterances, and other times, totally loony and nutty—a good sign that maybe McCain should resign, as his behavior is truly embarrassing, and maybe he should just retire and enjoy his family, and stop his reckless, conspiratorial accusations, with no backing, which embarrass him and remind us that his prime is past!

As has been commented by others, the true answer is that EDUCATION is the best way to bring down unemployment, and that there are seasonal variations up and down in unemployment. The idea, that employment numbers are finally starting to improve greatly, should be celebrated by any patriotic American, who should be happy that unemployment is down and employment is up!

But the Republicans only see it as politics, since they refuse to take responsibility for the fact that it was under their watch that the Great Recession occurred, just as was so with the Great Depression eighty years ago! George W. Bush was the updated Herbert Hoover, without the integrity and intelligence of Hoover!

And again, a reminder, EDUCATION is the best guarantee of employment. So Asians have an unemployment rate of 4.8 percent last month; whites have 7 percent; Latinos have 9.8 percent; and African Americans have 13.4 percent. Also, college educated have an unemployment rate under 5 percent, while high school graduates are almost double that rate, and dropouts even higher!

So instead of complaining, what Republicans, Democrats and everyone who is independent should be doing is promoting EDUCATIONAL opportunities as the way to insure the future of the American economy!

Major Landmark In Education: Over 30% Of Americans Over 25 Have Bachelor’s Degree

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For the first time in American history, over 30% of Americans over the age of 25 have a four year bachelor’s degree from a college or university.

As of last March, 30.4% of Americans have a bachelor’s degree, and 10.9% have a graduate degree.

Women are nearly equal in attainment of bachelor’s and graduate degrees for the first time, and will soon surpass men in attainment of college degrees.

Asian Americans remain the most educated in our society, with 50.3% having bachelor’s degrees, and 19.5% having graduate degrees.

Whites have 34% with undergraduate degrees; African Americans 19.9%; and Hispanics 14.1%.

Somewhat surprisingly, science and engineering degrees are the largest fields with college degrees on the bachelor’s level, reaching 34.9% of the total of all degrees. The percentage of women in these fields is up to 45.9% among the age group 25-39. And more such majors are found on the east coast in the District of Columbia and Maryland, and on the west coast in California and Washington. The lowest percentage in this field are found in Southern and Great Plains states.

It is better for the long range future of America that more of the population is attending and graduating with a college degree. And it is not only for economic reasons, but also, a better educated citizenry is good for improving one’s life and the understanding of the world we live in!

The “White” Republican Party Against The Future

Ronald 1 Comment

It is clear that the Republican Party is trying to keep control of Congress and regain the White House by appealing to white voters of all economic classes by stealthily promoting fear of immigrants, Hispanics and Latinos, and African Americans, and trying to take away voting rights from the poor, the elderly, college students, as well as minorities.

This is a very troubling strategy, as it promotes a “them” versus “us” mentality which does not serve the nation well, as the reality is that the future of the nation is that the white population is declining in percentage, and by the mid 2040s, will be a minority.

So the need to adapt and appeal to nonwhites of all backgrounds is essential for the political health of the nation in the future. Instead, the GOP is acting as if it is the old Southern Democrats of the segregation era, or the Confederate mentality of the Civil War era.

This is ugly, dangerous, poisonous and reprehensible as the future cannot be stopped, and instead must be confronted! So a return to moderate Republicanism of the Nelson Rockefeller-William Scranton-Henry Cabot Lodge-Charles Percy-Mark Hatfield-Charles Mathias etc variety is essential and soon!