efforts to jumpstart the economy in the United States, in hopes
of causing a global ripple, has taken on an entirely new meaning
as people and industry alike wait for the $787 billion dollar economic
stimulus package to drop. It’s like a “mania” as so many cities,
states, industries, school districts, homeowners, small business
owners await the economic “savior” of their connected economic realities.
stimulus package has become “first option” and “last option” as
the mania whips the nation into a frenzy and the markets creep off
life-support. Stimulus-“mania” has also become the target of Republicans,
who can say “no” to everything but their own party ideology that
stills beats a nearly 30 year old anti-tax, anti-spend mentality
of the Reagan era. This is what produced a trillion dollar deficit
in the first place. The “greed politic,” one that is creating the
wage and income disparities of what President Obama called unsustainable
“bubble and bust” markets, are elbowing their way up to the front
of the soup lines in a way reminiscent of the 1930s.
is depending on this stimulus money. The real question is, will
there be any soup left after the corporations and local governments
President Obama manage GM, AIG and the other market forces while
continuing to promise a “tickle down” effect will do for now. The
problem is the impatience of the collapsing markets that are forcing
pink slips to drop quicker than stimulus payments can get there
offer little relief to the masses. Employers say stimulus payments
will save jobs, but only if the industry survives the wait. “Shovel
ready” and “turn-key” projects receive priority on the stimulus
funding list. Only so many projects are going to get funded, yet
that doesn’t stop the line from getting longer.
seems to me that a false sense of security comes from the expectation
that all will be feed from this stimulus effort, as all segment
of the nation shout, “Do somethong, Obama!” As the stimulus checks
drop and the nation’s various interest are fed, will they be fed
Just watching the state of California line up has been an interesting
prospect. First, Gov. Schwarzenegger publicly states the economic
stimulus package will help avoid layoffs of state workers. Then
Mayor Villaraigosa announces the same. Then LAUSD Superintendent
announces the same. Unions are demanding the stimulus money be used
to keep people working. That’s just on the government side. We haven’t
seen the private industry requests yet, or the small business, or
the homeowner relief. Every breakdown of the stimulus package is
different, and the bites are so large that the numbers don’t add
who’s to trust it? Certainly not the American people. The mania
is largely the expectations created by those at the head of the
line. Soup is plentiful there. Those at the back of the line are
still wondering when the payoff is going to come. And when will
the line shorten up.
isn’t until the foreclosure crisis is resolved will we know if the
stimulus package actually worked. We can put people back to work,
and we can get America spending and investing again. But if the
credit markets are still allowed to gouge and the money markets
are still allowed to overcharge, then consumer debt will still be
high and the American people will still be overburdened. Seems to
me that the soup line will have to last an awfully long time to
arrest the hunger of the American people.
global economy will also have to be fed (that’s a different line
altogether) and the wars that suck so much out of the economy will
have to be plugged (stopped). Then we can watch what a stimulus
plan might project. Until then, what’s there to get excited about?
That the money’s on its way? Not quite. The end of the soup line
is the only thing that can get the nation excited right now and
there is no end in sight. Just a mania to heighten the expectation
of a “yet to be determined” reality. It’s nothing more than a 21st
Century soup line where you get in line and wait for better times.
If the soup lasts…
BlackCommentator.com Columnist, Dr. Anthony Asadullah Samad, is a national columnist, managing
director of the Urban Issues Forum and author of Saving The Race: Empowerment Through Wisdom. His Website is AnthonySamad.com.
to contact Dr. Samad.