I read this AP story and could hardly believe it. Obama is still out there talking about "income inequality" when 80% of his constituents are living on the economic edge.
Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.
Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor."
"I think it's going to get worse," said Irene Salyers, 52, of Buchanan County, Va., a declining coal region in Appalachia. Married and divorced three times, Salyers now helps run a fruit and vegetable stand with her boyfriend, but it doesn't generate much income. They live mostly off government disability checks.
"If you do try to go apply for a job, they're not hiring people, and they're not paying that much to even go to work," she said. Children, she said, have "nothing better to do than to get on drugs."
While racial and ethnic minorities are more likely to live in poverty, race disparities in the poverty rate have narrowed substantially since the 1970s, census data show. Economic insecurity among whites also is more pervasive than is shown in government data, engulfing more than 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by the Oxford University Press.
The gauge defines "economic insecurity" as a year or more of periodic joblessness, reliance on government aid such as food stamps or income below 150 percent of the poverty line. Measured across all races, the risk of economic insecurity rises to 79 percent.Record number of Americans on disability. Record number on food stamps. Record number wanting full time work but only finding part time employment.
Far more than these sad facts is the psychic cost of economic insecurity. If you aren't sure you're going to have a job next month, you are likely to put off all but the most necessary purchases. If prospects for the future appear bleak, you are more apt to try to qualify in some way for disability or some other government program that will at least give you and your family a minimal source of income.
I'm not sure income inequality is such a huge deal - except as it is used by Obama as a political club to bash the rich. The real problem is that so many of the fabulously wealthy produce nothing - they churn paper on Wall Street that marginally affects business investment, but is counterproductive because the only goal is building wealth. True, there are many entrepreneurs who build successful businesses and penalizing them for their success is stupid policy. But as the government builds regulatory and legislative barriers that prevent upward mobility, Obama's message of income inequality resonates even with those not predisposed to engage in class warfare. This also contributes to economic insecurity.
I see no policy proposals from either side that addresses most of these issues. Simply deregulating isn't the answer - no more than the redistributionist crap proposed by Democrats. What we can be sure of it won't get any better anytime soon.
http://www.americanthinker.com/blog/2013/07/80_of_us_adults_facing_near_poverty_or_no_work.html#ixzz2aLt1NC8
Congressional Act Mandated Sharia-Compliant Jails And Prisons In America
I worked in Colorado law enforcement for twenty years. During my nearly thirteen years with a major Denver-Metro Sheriff's Office as a Deputy and Detective, I remember only too well the annual approach of the month of Ramadan - the Muslim holy month of fasting during daylight hours.By policy, prisoner meal schedules were altered, to accommodate the Shariah (Muslim law). During Ramadan, a hot breakfast was served to all inmates before sunrise. Sack lunch dinners were brought to fasting Muslims' cells after sundown. Year-round, an Imam came into the jail on Fridays for afternoon prayers.
If you're wondering, as I always do, how a theo-political totalitarian ideology such as Islam, the doctrines of which are bent on the destruction of Western Civilization, has sunken its tentacles so deeply and broadly into our nation's institutions, where is the answer to the question: How and why did our jails and prisons become legally Sharia-compliant?
Following a little research, during which I found this interesting 2010 report in the Colorado Springs Gazette about religious practices in Colorado prisons and jails, I also discovered the seminal federal law which finally cemented Shariah-compliance into our penal systems. It's called the Religious Land Use and Institutionalized Persons Act (RLUIP).
Believe it or not, it was passed by a "unanimous Congress" in 2000. Bill Clinton signed the act into law.
Isn't it interesting that thirteen years later, Bill Clinton's wife, former Secretary of State and presumed 2016 Presidential candidate Hillary Clinton has Huma Abedin, a credibly alleged operative of the Muslim Brotherhood, as her long-time closest aide.
Care to guess which members of Congress sponsored the RLUIP? They were Senators Orrin Hatch and Ted Kennedy. Now, there's bi-partisanship at work for you.
If Islam's supremacist doctrines are so ignored or misunderstood by the vast majority of today's Congressional representatives, one must presume that this "unanimity" among the members of both legislative houses to pass the 2000 RLUIP was a farcical demonstration of America's naievete in its most abject form. And September 11, 2001 came in its own time.
The problem is that I don't see anyone in the media or Congress awakening to reality, thirteen years into the War. And da'wa continues in our prisons and jails.
Want Cheaper Food? End the Ethanol Mandate
Walmart has not had a good year so far. In an email leaked earlier this month, the company’s vice president of finance and logistics grumbled that "February (month to date) sales are a total disaster... the worst start to a month I have seen in my... 7 years with the company."
Why is the nation’s largest retailer struggling so much? In today’s Wall Street Journal, Forbes publisher Rich Karlgaard notes the retailer’s sales problems and points to a couple of reasons why the company is having so much trouble. The expiration of the payroll tax cut, which for the last few years has reduced take home pay levels by about $80 per month for families making $50,000 annually, is probably one factor. But Karlgaard also points to the role of food price inflation:
Food prices are rising faster than overall inflation. Inflation is the great hidden tax, especially when it hits essentials like food. Core inflation is running at about 2%, but the U.S. Department of Agriculture predicts that food prices will be up 3%-4% in 2013. This will nip at Wal-Mart customers and Wal-Mart itself, which now gets half of its U.S. revenue from groceries. Will Wal-Mart eat the inflation and hurt its profit, or will it pass it onto its customers and risk driving them away? Food inflation presents no good choices.Food price inflation is indeed complex, and there’s no simple way to prevent it. But there is a single step that government could take that would almost certainly significantly arrest the rapid rise in the cost of food: end ethanol energy mandates.
There’s very little question about whether or not ethanol subsidies and related mandates, which essentially pay farmers to grow fuel instead of food, drive up the price of food. Ethanol policy hits corn directly, but because corn is so integral to the rest of the food production process, a rise in the price of corn quickly results in a rise in the price of other farm commodities such as meat, poultry, dairy, and soy products. When the Congressional Budget Office looked at the impact of ethanol subsidies on overall food prices between April 2007 and April 2008, the nonpartisan scorekeeper found that 10-15 percent of the 5.1 percent rise in food prices, as measured by the Consumer Price Index, could be attributed to ethanol subsidies.
The CBO noted at the time that it was difficult to precisely estimate the impact of ethanol subsidies going forward. But in early 2011, corn prices spiked after a crop shortage, which many analysts expected to translate into higher food prices. And over the years, ethanol subsidies, along with a renewable fuel standard which pushes energy producers to include ethanol in their products, has resulted in what the Farm Foundation describes as a “persistent demand shock.” Some 40 percent of the nation’s annual corn crop is now redirected into ethanol production.
Congress allowed direct ethanol subsidies to end in 2011, but the renewables standard remains, and it’s by far the bigger factor. Even modest changes in ethanol policy could have a big impact. Last summer, three farm economists at Purdue University estimated that even if we just partially relaxed the renewables standard, corn prices could drop by as much as 20 percent. (That could also help ease the impact of rising gas prices, another factor that Karlgaard names as hurting Walmart in his oped, by increasing fuel economy.)
It’s not just American consumers who would benefit. It would also help stop the rise of food prices worldwide, which harms poor and developing nations. The global impact is big enough that last summer, the World Bank suggested that an immediate easing of the renewables mandate could prevent a world food crisis.
Whether we’re talking about America or the rest of the world, the reality is that higher food prices hit the poor the hardest — not just because they have less overall but because they spend a much larger portion of their incomes on food. The ethanol mandate is essentially a tax on the poor, in the U.S. and elsewhere.
Ending the ethanol mandate wouldn't fix all of Walmart's problems, or put a stop to rising food prices, and its impact might not be felt immediately due to the farm production cycle. But over time, it would probably restrain the rise in food prices, helping Walmart's business and making life better for Walmart's customers.
http://reason.com/blog/2013/02/27/want-cheaper-food-end-the-ethanol-mandat
No favors needed at spectrum auction
“T-Mobile’s innovative moves are putting pressure on our competitors.” That is what the company said in its testimony before Congress. However, a closer look at the testimony suggests that T-Mobile wants that competitive pressure to come from regulatory favors, not by winning in the marketplace.In her testimony regarding the upcoming FCC wireless broadband spectrum auctions, T-Mobile’s vice president for regulatory affairs said that the company “believes the incentive auction should be designed to maximize the amount of spectrum” and that this would provide “significant revenues” to the U.S. Treasury. On the surface, that sounds good.
However, her plan to accomplish that requires that the auctions conveniently exclude T-Mobile’s largest competitors. Now, is that promoting competition or protecting against it?
The company’s testimony asks the FCC to pick winners and losers without regard for fairness or free market forces by essentially limiting who can bid for spectrum. Rather than a fully competitive auction that gives every qualified bidder a chance to compete equally for additional spectrum, the plea for government help does little to serve consumers who benefit from competition.
Indeed, with fewer bidders in the market, the T-Mobile request would set aside spectrum below the full market price. That’s what is called a subsidy – and taxpayers are the ones who would foot the bill, and consumers the ones who would pay more from the misallocation of scarce spectrum.
Calling on the government for help instead of relying on fair competition is just a bad deal for consumers and taxpayers.
As Representative Marsha Blackburn noted at the hearing, it also takes a lot of chutzpah to ask for favors when T-Mobile’s TV ads boast that it has the fastest and least congested network in the industry, presumably because they have plenty of spectrum to deliver video streaming and other data-intensive applications and services. Such ads undermine their claim that, as an underdog, the company needs extra help in the spectrum auction.
The T-Mobile plea is cheekier still when one considers that T-Mobile did not even participate during the last FCC wireless broadband spectrum auction. During the 2008 auction when T-Mobile skipped the auction, 101 bidders competed for spectrum; ninety-nine of those were smaller local and regional competitors who successfully acquired spectrum without set asides or rigged rules.
That is how competition works in open auctions.
That prior spectrum auction resulted in these wireless providers investing billions to acquire the spectrum that is now delivering the 4G services that consumers want. Today, as more consumers embrace smartphones, tablets and other mobile devices, every wireless company needs more spectrum to meet the explosive demand for wireless services.
And that is why the highest bidder should win. Period.
To its credit, T-Mobile is working hard to make up for past neglect, merging with MetroPCS to acquire its significant spectrum holdings and also buying spectrum in the secondary market when other license holders make it available. In fact, by some measures, T-Mobile is less spectrum-constrained than its two largest rivals – AT&T and Verizon – which is one more reason it doesn’t need government favoritism to exclude these rivals.
Next year’s spectrum auction presents an opportunity for T-Mobile and every other wireless provider to competitively bid in an open and free market-based auction. History and evidence shows that unrestricted auctions work best to attain real market prices and deliver spectrum to the company that will put it to the most efficient use.
T-Mobile has the resources to make winning bids in a fully competitive auction. It just has to lay down the chips and bid.
The fact is that having open auctions will achieve the highest bidding, which will maximize spectrum availability and maximize revenues for the US Treasury, as well as help fund a first responder broadband network. Limiting the number of bidders will do the exact opposite.
This time, T-Mobile deserves an “A” for audacity and an “F” in favoritism.
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