This editorial from the New York Times lays it out plain and simple: until we invest more in creating jobs through the government, our economy is going to be weak. College graduates need a place to get a job, and we need to create the jobs with the government’s help.
And what about high school graduates? They also could use some more employment options. This study out of Rutgers University finds that only one in three high school graduates are employed today.
Don’t be fooled by the Change.org petition by Students First — it’s a scam for the corporate-funded reform movement.
Originally posted on Diane Ravitch's blog:
A reader submitted this post:
It tells the now-familiar story of how an unwary person was conned by Michelle Rhee’s Students First. The reader was going through her email, and along came a “puppies-and-kittens” petition from Change.org, and “Click!”
Short interview with Sen. Whitehouse in which he extolls the virtues of Netroots Nation, appreciates the value of the Occupy Movement, and talks about his efforts to keep funding for wellness and health. He also talks about his phone conversation with President Obama following the Buffet Rule vote in the Senate, and how the fight is not over to change our tax policies to support the middle class.
I got to meet Diane Ravitch today as she served on a panel at Netroots about the war on public education. She spoke with amazing authority about what is going on in public education now with the overemphasis on testing, the blaming of teachers and teachers unions, and the right-wing money that is being poured into the movement for “education reform.” The best way to experience what went on is to watch the video.
Netroots Nation is going fabulously. I am talking with Sheldon Whitehouse’s office and will be doing a short interview with him while he is at Netroots. If you have any questions you want me to ask, please suggest them in the comments. Keep it short and polite!
I attended a panel this morning entitled “Beyond Occupy: What Does a New Economic System Look Like?” The answers included an economy focused on happiness rather than growth. This idea was suggested by Colin Mutchler, who likened America’s devotion to “growth, growth, growth” to the formation of cancer. Others on the panel were more inclined to answer that the new economy needs to focus on job growth and recognizing and valuing work that is currently undervalued or not valued at all, such as caring for the elderly and small children. The panel leader, Jenifer Fernandez Ancona, suggested that we need to begin developing “Progressive Capitalism” so that as progressives we are not dismissed as being anti-capitalist, since many of us are not.
Had lunch sponsored by Windmade, a consortium of wind, environment, and business organizations. The message there was about how to respond to the misinformation anti-wind campaigns out there. We have written about the increase in wind power here on Kmareka, and we have had comments from some anti-winders, so this was good to know about. I will begin aggregating news about the wind industry and doing more to respond to the anti-wind rhetoric.
By 2014, if all goes well, we should have something that resembles national health care. This may mean that millions of people who have suffered in the pool of 17.7% of Americans in the United States without health insurance, may suddenly be seeking care for everything from anxiety to obesity and beyond.
In Rhode Island, this would be a welcome relief from the recent trends in health care in terms of numbers of people with insurance. The recent trends, according to the Rhode Island Health Commissioner’s office, are that between 2005 and 2010, the number of insured people in Rhode Island dropped by 65,000. In 2005, there were about 620,000 people insured by the three big insurers, BCBSRI, United, and Tufts, and in 2010 this number had dropped to about 555,000. During that same time, there was a modest increase in the number of people receiving either Rite Care and Rite Share. If you look at the study cited below issued in January of 2011 from the Rhode Island Senate Fiscal Office, you will see that in 2009 and 2010, there was a significant amount of stimulus money that was used to cover the costs of the growing Rite Care and Rite Share programs — $35.2 million in 2009, $56.8 million in 2010, and $56.5 million in 2011.
Now, let’s give it some thought. Let’s just say Obamacare goes through. Could it be possible that part of the growing economy can be the growing health care provisions that are made for those nearly 50 million people who are newly insured? Could neighborhoods in South Providence, downtown Woonsocket, and Eden Park Cranston all begin to flourish with new health care providers serving the throngs of people flocking in for health care? Statistically, the uninsured are more likely to be obese, smokers, and drinkers, so there are plenty of preventative care issues that could be addressed with could treatment plans.
So instead of giving $75 million to Curt Schilling and betting on the idea that we need another MMOG video game on the internet where people will waste time being sedentary and eating junk food while they try to climb inane hierarchies, perhaps we should think about ways that government can promote health care businesses that will likely be in great demand in the very near future.
This is an interesting piece for the way it calls on us to shift our approach and pay doctors and other health care professionals to engage patients in prevention. I have to ask, though: what would the rate of reimbursement be for doctors taking patients for walks?
I have developed my own argument for how health care can be an important way to invest in economic development in our country. More to come on that shortly.
I like how the headline on the article linked below cites only “tax increases” as the problem with next year’s budget. While there are some issues with taxes that will affect the middle class, the real issue are staring us right in the face in the text of the article: spending cuts and tax breaks for the wealthy. If we let the Bush tax breaks for the wealthy expire, we would have $221 billion dollars to put toward other things. $221 billion dollars, folks. You could take half of it and put it toward economic stimulus and jobs, and put the other half toward the national debt, and that would go a long way to working on our problems and preventing another recession. So ignore the right-wing propaganda headline, and click on to read about the real problems: Looming Tax Increases Could Prompt Recession Next Year: Accounting Today.
Rising inequality = root cause of Great Recession.
Originally posted on Job Market Monitor:
As noted by The Economist, “[s]everal prominent economists now reckon that inequality was a root cause of the financial crisis.” Indeed, in recent years there has been a proliferation of analyses supporting this view writes Till van Treeck in Did inequality cause the U.S. financial crisis? published on boeckler.de.
The explanation is straightforward: As the benefits of rising aggregate income over the past decades were confined to a rather small group of households at the top of the income distribution, the consumption of the lower and middle income groups was largely financed through rising credit rather than rising incomes.
This process was facilitated by government action, both directly through credit promotion policies and indirectly through the deregulation of the financial sector. But with the downturn in the housing market and the sub-prime mortgage crisis starting in 2007, the overindebtedness of the U.S. personal sector became apparent and the debt-financed private demand expansion came to an end.
There is a new reality out there for many PhD’s — the reality of poverty as their ranks increase but the job opportunities don’t. Read on: