Economics

On a daily basis we hear of more negative news about our economy and the pervasive effects of a downturn in the economy. While government officials proclaim that we are “technically not in a recession”, the everyday American knows that they’re feeling the hardships caused by this downturn. People are losing their jobs, which in turn affects every part of their daily lives. Without a job, people can’t make payments on their homes, cars and maintain a good quality of life for their children and their families. With the cost of oil, food and basic staples increasing dramatically in the past 12 months, Americans are feeling the crunch in their wallets and it’s causing a longer-term negative effect.
With the subprime mortgage problems, many minority communities and households are hit harder hit by this economic calamity than other non-minority communities. Families are facing the loss of their homes, their life savings and are left in dire straits. As gas prices increase astronomically, people are cutting back on their gas consumption and looking for ways to reduce their energy bills that are cutting into their available funds.
It becomes a vicious cycle. If you get laid off from your job, then your ability to pay your bills is impacted dramatically. When you no longer can pay your bills, then your home becomes subject to foreclosure. If you lose your home, then you have an immediate problem of where to house and take care of your family. At what point do we break this cycle and begin to offer and provide new jobs that will allow people to be employed and work back into a situation where they can take care of their families?
We need solutions, not excuses or denials about the stark reality that millions of Americans face in today’s economic cycle. We require new policies and programs to stimulate our economy to provide jobs and opportunities that will benefit all Americans. We should develop programs that will contribute to the bottom-line profits and allow all Americans to participate. We need to look at the effects of “out-sourcing” which has effectively eliminated huge numbers of jobs domestically that have gone overseas. While there are reasons and benefits for the push for globalization, the results have dramatically reduced the number of available jobs for Americans. With the closure of many manufacturing and service industries that cater to these facilities many people have been laid off and unable to find replacement job opportunities. In turn, their communities become severely impacted. When people lose jobs and can’t find jobs, they spend less money and oftentimes will move out of their communities to areas where they can be gainfully employed. We have seen this create a “vacuum” in their communities where the loss of trade, revenues and people create communities that are less economically thriving and prosperous.
We need to analyze the effects of out-sourcing and determine new economic policies that will encourage “In-sourcing” or creation of new jobs and opportunities for our citizens. As skyrocketing fuel increases results in dramatic cost increases for transportation of goods from outsourced locations for import to their final consumer destination, companies will have to look at ways to reduce those costs. Our government should be looking at ways to provide incentives and programs to bring outsourced jobs back to the U.S. so that companies can be more competitive as well as increase employment for all Americans. With the plummeting drop in the value of the U.S. currency, we become more attractive for investors and companies to look internally within the U.S. to produce and manufacture more goods for both domestic and export uses.
It is imperative that as these economic policies are created, job creation is made available to all socio economic classes in our communities. As we embrace the exciting new “Green technology” developments and the demand for deployment of renewable sustainable “clean” technologies increases, new jobs and opportunities will emerge. We need to ensure that all our citizens including women and minorities equally participate in these new industries. That means that we will need to provide new education and training to prepare people for jobs in these industries. We must ensure that all the economic stimulus and incentive packages provided to corporations also require accountability from their part that they will provide new jobs and opportunities for all our citizens.
We plan to bring you information about these ongoing issues and discuss ways that we can influence change and support ways to make job creation a priority for our communities and government. We also plan to bring information to you about other economic related problems and issues that impact us all. We hope you will offer your ideas and suggestions on how to address these issues that we can provide to the appropriate audiences.

On a daily basis we hear of more negative news about our economy and the pervasive effects of a downturn in the economy. While government officials proclaim that we are “technically not in a recession”, the everyday American knows that they’re feeling the hardships caused by this downturn. People are losing their jobs, which in turn affects every part of their daily lives. Without a job, people can’t make payments on their homes, cars and maintain a good quality of life for their children and their families. With the cost of oil, food and basic staples increasing dramatically in the past 12 months, Americans are feeling the crunch in their wallets and it’s causing a longer-term negative effect.

With the subprime mortgage problems, many minority communities and households are hit harder hit by this economic calamity than other non-minority communities. Families are facing the loss of their homes, their life savings and are left in dire straits. As gas prices increase astronomically, people are cutting back on their gas consumption and looking for ways to reduce their energy bills that are cutting into their available funds.

It becomes a vicious cycle. If you get laid off from your job, then your ability to pay your bills is impacted dramatically. When you no longer can pay your bills, then your home becomes subject to foreclosure. If you lose your home, then you have an immediate problem of where to house and take care of your family. At what point do we break this cycle and begin to offer and provide new jobs that will allow people to be employed and work back into a situation where they can take care of their families?

We need solutions, not excuses or denials about the stark reality that millions of Americans face in today’s economic cycle. We require new policies and programs to stimulate our economy to provide jobs and opportunities that will benefit all Americans. We should develop programs that will contribute to the bottom-line profits and allow all Americans to participate. We need to look at the effects of “out-sourcing” which has effectively eliminated huge numbers of jobs domestically that have gone overseas. While there are reasons and benefits for the push for globalization, the results have dramatically reduced the number of available jobs for Americans. With the closure of many manufacturing and service industries that cater to these facilities many people have been laid off and unable to find replacement job opportunities. In turn, their communities become severely impacted. When people lose jobs and can’t find jobs, they spend less money and oftentimes will move out of their communities to areas where they can be gainfully employed. We have seen this create a “vacuum” in their communities where the loss of trade, revenues and people create communities that are less economically thriving and prosperous.

We need to analyze the effects of out-sourcing and determine new economic policies that will encourage “In-sourcing” or creation of new jobs and opportunities for our citizens. As skyrocketing fuel increases results in dramatic cost increases for transportation of goods from outsourced locations for import to their final consumer destination, companies will have to look at ways to reduce those costs. Our government should be looking at ways to provide incentives and programs to bring outsourced jobs back to the U.S. so that companies can be more competitive as well as increase employment for all Americans. With the plummeting drop in the value of the U.S. currency, we become more attractive for investors and companies to look internally within the U.S. to produce and manufacture more goods for both domestic and export uses.

It is imperative that as these economic policies are created, job creation is made available to all socio economic classes in our communities. As we embrace the exciting new “Green technology” developments and the demand for deployment of renewable sustainable “clean” technologies increases, new jobs and opportunities will emerge. We need to ensure that all our citizens including women and minorities equally participate in these new industries. That means that we will need to provide new education and training to prepare people for jobs in these industries. We must ensure that all the economic stimulus and incentive packages provided to corporations also require accountability from their part that they will provide new jobs and opportunities for all our citizens.

We plan to bring you information about these ongoing issues and discuss ways that we can influence change and support ways to make job creation a priority for our communities and government. We also plan to bring information to you about other economic related problems and issues that impact us all. We hope you will offer your ideas and suggestions on how to address these issues that we can provide to the appropriate audiences.

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