Category: Economy

A few weeks back, I wrote about my trials, travails, and tribulations achieving food stamps.  I am pleased to report that due to my own persistence and the fantastic support of an advocacy agency, I was granted an EBT card.  Earlier today I trudged through areas of town which have not seen much in the way of a plow or a shovel.  I literally did have to walk a half a mile uphill in the snow both ways to arrive at the proper place, though I’ll save that lecture for another time.  Since I have joined the ranks of the unemployed, I’ve had to swallow quite a bit of pride, which isn’t always a bad thing, all told.  The complications that went into obtaining food stamps were easily explained, once I met with the proper person, and with resolution I have no further griping to share on that matter.  

A well-designed website imploring those wishing to apply for food stamps to submit their claim by mail, after, of course, entering pertinent information and printing out several pages of a lengthy form sounds attractive enough.  However, I learned that while the mechanism may exist, budget shortfalls prevented the DC government from being able to hire the workers needed to process internet-based claims.  It would not be much of a stretch to deem this situation an glaring example of an unfunded mandate.  Reform cannot proceed without the allocation of funds and while we often are curtly dismissive of throwing money at a problem, granting low income citizens the ability to feed themselves somehow doesn’t seem to be on par with all of these anti-underclass talking points that find their way into the mouths of Republicans and Republican politicians.

If one considers Maslow’s famous hierarchy of needs, then food falls right down there at the bottom of the pyramid.  Without the literal requirements for human survival, it’s tough to be a Welfare Queen or milker of the system.  According to Maslow, it’s only after our base needs for survival are met that anyone could ever even entertain the notion to willfully freeload.

With their physical needs relatively satisfied, the individual’s safety needs take precedence and dominate behavior. These needs have to do with people’s yearning for a predictable, orderly world in which injustice and inconsistency are under control, the familiar frequent and the unfamiliar rare. In the world of work, these safety needs manifest themselves in such things as a preference for job security, grievance procedures for protecting the individual from unilateral authority, savings accounts, insurance policies, and the like.

But until one has the security of knowing he or she will be fed on a daily basis without having to worry about potential financial famine, safety is not a concern.

As for my own situation, my packet of information sat on a desk for over a month, unprocessed.  Because a meeting with a claims associate regarding whether or not food stamps will be granted or denied must, by rule, be granted and scheduled within 30 days, once I was approved I was given a month and one week’s worth of groceries I should have received earlier had everything proceeded in a timely fashion.  Though I received only $200 a month in food stamps, which is approximately half of what my grocery bill is for the same period, I am not about to look a gift horse in the mouth.  In all fairness to the DC Food Stamp program, it has won awards for how promptly and effectively it processes claims and while my situation is uncommon, it is hardly unusual when one considers the food stamp programs in other states.  In a fairer society, I would have had my entire food budget subsidized, saving me from having to rob Peter to pay Paul as so many of us have to do these days, but perhaps someday we will learn that though we have a tremendous amount of financial resources in this country to go round, even in times of recession, we spread them around unequally and in so doing shortchange the least among us.          

Part of the problem is the stigma and the misinformation that still persists regarding accepting government aid of any kind, food stamps being merely one example.  One would think that welfare cheats salivate at the very idea of eating from the public trough, if you’d believe the stereotype.  DC Hunger Solutions, the advocacy agency who so kindly went to bat for me and got my situation resolved, corrects many of the myths and stigmas surrounding food stamps.  

Only 83% of eligible District residents, and 36% of eligible low-income working families, receive food stamps. Every $1 of food stamps spent in the community generates $1.85 in local economic activity. D.C. would gain millions in federal funds by signing up eligible households – funds that would stimulate the local economy. People who work sometimes assume they are not eligible for food stamps, or that time-off from work is required to apply. This is not true. A family of 3 with a minimum wage earner could be eligible for over $3,000 annually in benefits, and working families can complete phone interviews rather than go to the food stamp office in-person.

The true impact of the Economic Stimulus Package has become a political football of sorts, in part because what it promised could not be easily measured or highlighted in concrete detail.  If, however, we shifted at least some of the focus towards fully funding both the programs that provide food to the poor and the monies necessary to provide more assistance, then these would be highly visible symbols of what good government is capable of if it puts its mind to it and does not get distracted with superficial squabbling or red tape disasters.  When close to two dollars worth of gain comes as a result of every one dollar spent, one cannot overlook the overall benefit.  We often believe that reform of any sort ought to be an awe inspiring and highly complicated matter, when sometimes the simplest solutions are the best.  Blessed are those who hunger and thirst for righteousness, for they will be filled.  

While I and millions of DC residents are cleaning up after a huge snow storm, I look out my window this morning and notice strangers giving aid and assistance to drivers of cars stuck out in the wintry mix.  Stodgy, suspicious, ponderous Washington has momentarily set aside its default setting to lend a hand.  It is only when events this big and massive disrupt the status quo that this city shrinks in size and shared humanity begins to creep into the proceedings.  DC is a city full of cross-currents and diversity, so it is rare that anyone is truly on the same page with another for very long.  A Type A city ruled by Type A people means that often everyone is in a hurry going nowhere for no good reason, utterly consumed with their work to the detriment of every other facet of their lives.  Though retailers will undoubtedly even lose money here in these crucial days leading up to Christmas, I can’t say that I am entirely saddened by the development.      

Had this been any average year, the media would have run half a dozen stories (or more) gently chiding us for again, yet another year, completely destroying the meaning of the Christmas season.  Many of us would assume our time-honored roles, mournfully nodding our heads up in down to signify that we agreed, but could find no solution to stop the orgiastic aspects of capitalism from overrunning the most important of holidays.  A recession ought not only provide purely negative consequences.  If we can learn from it, then all is not lost.  If we are to face discomfort and pain, my hope is that we can understand that simplicity is a virtue, not a hindrance, and that accumulating possessions is a bit like accumulating inches of snow.  In the beginning, it’s fun, but after a while, it begin to pose a serious problem.  Not only that, others who believe in the grass is greener principle have a tendency to envy accumulation without understanding its notable drawbacks.

I personally am enjoying fewer crowds, less traffic, and less panicked looks.  That it took a weakened economy and with it the loss of buying power surprises me not a bit.  If the free market promised freedom from producing more problems than it fixes, I would be wholeheartedly in its corner.  Some of the strongest people I ever met were those of my grandparents’ generation, who had faced a Great Depression and a World War, and whose iron resolve and stoic attitude showed the results of having gone fifteen rounds with hardship and tragedy and emerged stronger than steel.  No shrinking violets were they.    

As for these times, the only time I saw anything remotely similar to the traditional Christmas insanity was Friday of this past week, shortly before the snow fell, when thousands upon thousands of residents in our nation’s capital rushed madly to scoop up enough provisions and finish up their seasonal shopping.  Everyone seems to be cutting back this year and I certainly am as well.  Some have mentioned that the tinsel and electric excitement that requires a robust pocketbook is lacking, making this a bummer of a Season’s Greetings, at which point I suppose I have to note that I have grown so cynical about Christmas reality that I have embraced a kind of deliberately sparse rendering.  All that twinkles is not gold.  Some might assume that less money in the bank is the true War on Christmas™, though I believe that to be the overwhelming opinion of bankers.          

The generation of my parents’ parents have been romanticized as “The Greatest Generation” but while the moniker is fitting, I saw nothing particularly superhuman about them.  They were indebted to the same flaws as humanity has displayed ever since humans began to walk upright.  If we faced the same challenges and abject perils as they, I am firmly convinced that we too would respond the identical way they did.  The human body and the human mind have a way of being incredibly adaptive to adversity.  It is fashionable in some circles to take pot shots at Baby Boomers or their children out of some desire to shame us all into acting properly or that we might better appreciate that which has fallen into our lap, but I will refrain from that line here.  We have been incredibly fortunate, certainly, but neither do I think beating us over the head with our privilege is much of a solution.  My hope is that we will retain the memory of what it felt like to not revel in excess and that we will apply those examples to our own lives and to the lives of those who we directly influence.    

If this were truly some pitched battle against all that is sacred and holy against Christmas, then the true enemies would not be a secular society gone wildly astray, having embraced the confusion of political correctness.  Instead, the enemies would be those people and things which fool us into thinking that we are the center of the universe and that there is no need to take into account the lives and struggles of our fellow beings.  As I said before, 364 days out of the year, this city runs on the twin forces of preoccupation and workaholicism, but it has only been now when the roads are still largely impassible, many businesses and places are still unreachable or closed, and public transportation is barely functional that we recognize the folly of our ways.  Still, I imagine a thousand nervous fingers madly punching keys on their Blackberries, expecting a fresh batch of places to go, people to see, and things to do.  

I know personally of many people who believe that bringing their work home with them aids and assists those in need.  Worthy causes exist, of course, and the belief among many is working themselves to death provides help to those who would otherwise not have it.  I know others who have built their entire self-esteem, self-image, and self in their vocation, at the expense of any other facet in their life.  This is tragedy to the extreme.  We lose our humanity when we become robotic and monolithic.  DC needs a snow day like this to re-think its priorities and my hope is that it doesn’t take a series of blizzards, both literal and figurative, to change the conventional wisdom.

I have recently been musing over a particular passage of scripture.  The frustration I and many have felt regarding the health care legislation that has stalled in the Congress has led me to wonder if perhaps a solution exists that has never been attempted prior to now.  The power of the blogosphere has provided me a sense of solace and inspiration that comes from rational explanation and insightful commentary, and I cannot overstate my confidence in the visionary souls among us.  It is a temptation to lament and understate our own capacity to bring about change, but quite another one to solicit answers from the passionate, knowing that through collective action, much good can be brought to pass.  It is in the spirit of facilitating dialogue that I write this post, my prayer being that it will find an audience and give rise to subsequent discussion.  

As a bit of needed exposition, St. Paul wrote an epistle to the church in Corinth, a city which had fallen into division and disorder.  The Corinthian church, mirroring the makeup of the city where it existed, had been fraught by immorality and spiritual immaturity.  In a letter whose endearing images and passages are still in wide use today, an age where strict devotion to organized religion is increasingly on the wane, our own skepticism cannot yet overtake the power and thrust of the text itself.  Shortly after outlining a beautiful definition of the concept of selfless love, Paul spends several subsequent chapter, talking about incorporating this degree of unconditional devotion into practice in one’s daily life.        

Pursue love, and desire spiritual gifts, but especially the gift of speaking what God has revealed. When a person speaks in another language, he doesn’t speak to people but to God. No one understands him. His spirit is speaking mysteries.

But when a person speaks what God has revealed, he speaks to people to help them grow, to encourage them, and to comfort them. When a person speaks in another language, he helps himself grow. But when a person speaks what God has revealed, he helps the church grow.

Now I wish that all of you could speak in other languages, but especially that you could prophesy. The person who prophesies is more important than the person who speaks in another language, unless he interprets it so that the church may be built up.

Language is a construct of humanity.  To someone who does not speak a particular tongue, the sounds themselves appear mysterious, impenetrable, and indecipherable.  Moreover, there would be no point to a system of language at all if only one person spoke it.  Language, and indeed, the richness of language depends on the number of people who speak it and whether or not they share their own spiritual gifts with everyone else.  At times, we seem to believe that talking one-on-one with God or with our muse of inspiration is sufficient to undertaking the vast number of challenges which face each and every one of us.  Injustice is rarely ever consigned to one singular person, nor can one individual begin to turn the tide without help from others.      

Our earthly existence is a basically selfish, self-centered one.  What drives our economy and feeds our desire for riches is a sense of private ownership.  We would go so far as to copyright our own thoughts if we thought others might use them without permission or if there was money to be made in selling them to others.  I, me, and mine are the search engine keywords that drives capitalism, but they are utterly incompatible with one’s spiritual life.  Imagine if we all believed that our own innovations were to be used for the benefit of all, rather than for the benefit of a privileged few.  Indeed, if we spoke what God has revealed to us and translated it into the common vernacular rather than insisting it be phrased in a different language that locks out others from understanding, how many problems could be solved!      

Far too many people are covetous of what has been granted them by God and in so doing, they fail to understand that spiritual gifts are given to benefit all of us.  If one’s spiritual gift is that of forming a new language of a new social movement, how much richer would that language of reform be if everyone spoke the same tongue, not just the inner circle.  Ego has no part in the metaphorical church of which each of us is a part.  I have seen far too many movements and far too many groups established for altruistic means collapse under the weight of division caused by elitism or by covetousness.  If one is blessed by the gift of far-sighted analysis, don’t lock it away from sight!  Explain it to us, since which that which was granted you may have come from your brain, but it is God who gave you the ability to think it.

The members of the Corinthian church were using the gift of language for their own benefit, to make themselves feel better about themselves.  Clearly, the problem stemmed from the fact that there were too many foreign language speakers in the gathering and not enough translators.  This runs contrary to the health and growth of any established group.  Our greatest aim is to treat others in the same way we wish they would treat us and if we are granted talent in other areas, well and good.  But our talents are worthless if they merely lift us up and lock others out.  Humility isn’t merely a virtue we are to follow for its own sake for some sort of aesthetic rationale—it is a moral guidepost that points us towards a healthy society.  Lest we forget, it isn’t all about us.  It was never all about us.  It never will be all about us.    

In this circumstance, we have the answer.  We have always had the answer.  The answer, of course, is complicated by a day to day existence which runs contrary to that which we need for health and peace of mind.  Isolating ourselves from the madcap pace and twisted expectations of the world is no solution.  Any worthy challenge seems daunting at face value.  I have said this before and I will say it once more.  We must get our own selves and our own house in order before we can ever expect to reverse course. One cannot begin to love anyone else until he or she loves himself or herself.  By this I do not mean romantic love or narcissistic obsession, but rather a genuine point at which we make peace with our own failings, our own shortcomings, and our own flaws.  Until we do this, ego will drive us and with it a lust for individual achievement will follow close behind.  Those two things give rise to the inevitable hierarchies and unfair systems which are the antithesis of equality and social evolution.  The only requirement in life is love.  Everything else, as the saying goes, is just commentary.                

Cross-posted at Daily Kos

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Jacob Heilbrunn has a new essay up at the Huffington Post titled “Please, Cut Obama Some Slack.”  It is Exhibit A in hero mythology of the President, as well as a prime example of chastising anyone — even progressives — who would dare criticize any of Obama’s policies.

A year ago, Barack Obama was a hero for Democrats. Now he’s becoming a villain. Have the Democrats lost their minds?

The tenebrous story is recounted by Dana Milbank in the Washington Post, who notes that some liberals are even starting to join forces with the tea party to decry Obama over the confirmation of Federal Reserve chairman Ben Bernanke. The decriers are also upset about Obama’s decision to send more troops to Afghanistan, the administration’s readiness to make concessions on health care, its failure to shutter Guantanamo, along with a host of other grievances.

Apparently, because some liberals have chosen not to regard President Obama as a “hero” and have begun to seriously question some of the policies of the Obama Administration, that qualifies Heilbrunn to assert that those same liberals have “lost their minds.”  Heilbrunn doesn’t identify in his article who those allegedly insane Democrats are — though for the record, Dana Milbank does, naming liberal voices such as Howard Dean, Bernie Sanders, Nancy Pelosi, MoveOn.org, John Conyers, and Alan Grayson as the progressives who are supposedly “joining forces with the tea party,” to use Heilbrunn’s language.

Officials and Experts Warn of Crash-Induced Unrest

This is one of those entries where I’m going to basically just send you over to the link so you can check it out for yourself.  The site itself has become a daily must-visit for me, and should be for others interested in what’s really going on.   I don’t know who this guy is, but he’s really really good.  

His entries are so chock-full of links that cutting and pasting what he’s saying is almost pointless, unless you include all the links (and if anyone knows an easy way to do that, I’d love to learn it!).

Anyway for all the Larry Summers MORONS out there who think that sunny days of economic lushness are right around the corner, well, this is something of a buzz-kill.   (the same guy has an awesome piece that just DESTROYS Summers).

Anyway, here’s a sample:

Today, Moody’s warned that future tax rises and spending cuts could trigger social unrest in a range of countries from the developing to the developed world, that in the coming years, evidence of social unrest and public tension may become just as important signs of whether a country will be able to adapt as traditional economic metrics, that a fiscal crisis remains a possibility for a leading economy, and that 2010 would be a “tumultuous year for sovereign debt issuers”.

Economic Royalists:

President Franklin D. Roosevelt, in his speech accepting the Democratic nomination for a second term, delivered at Philadelphia on 27 June 1936, said, “The economic royalists complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power.”

(emphasis added)

http://www.answers.com/topic/e…

How about a “Case Study” using a recent history of their HandiWork … and their apparent Victory — AGAIN!

  You might have heard about how Washington is going to crack down on Wall Street banks. It was something about regulations and Fat Cats.

  Yet if you look at what is going on today, you would come to the exact opposite conclusion.

 The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of Citigroup and a few other companies partially owned by the government. As a result, Citigroup will be allowed to retain billions of dollars worth of tax breaks that otherwise would decline in value when the government sells its stake to private investors.

 I bet you were starting to worry about the TARP banks, and if they could still afford to give out multi-million dollar bonuses to their executives. I know I was. Thanks to an IRS rules change, they still can.

Crossposted at Daily Kos

     So the bad news is I lost my job. The good news is, well, coming soon, I guess. If anyone knows of quality employment that can be found in NYC, please let me know about it in the comments below.

     My little adventure as a Paid Progressive Activist (Fundraising) has come to an end because I didn’t make my quotas.

     Our daily quotas were $125 a day or $625 a week. Mind you, we’re standing outside, freezing our asses off while busy NYers scuttle by, bracing themselves against the wind. It is not easy to ask for charitable donations in such conditions. If you make your quota you get paid $375 for the week plus bonuses. If not, you get min. wage. I raised $525 in 5 days, but it broke down to 28 the first day, 10 the second, 425 the 3rd, 5 on the fourth and 20 on the last, so I was dismissed. I raised $525 and will get paid min. wage at 40 hours for the week. It seems a neat little scam, don’t it? You can pay people min. wage then sack them the first week whether they are performing or not. Sucks. At least I’ll get that one pay check though.

    Frankly, I am running out of hope for both myself and the political/economic system that is broken beyond repair.

    More below the fold.

[I posted this diary On Daily Kos this morning.  It’s on the Rec List and well received by some on all “sides” of this divide, although a few people also personally attacked me and rejected any attempt at reaproachment and peace.  There are some who personally hate me and seek no coalition on Daily Kos.  Rather, they seek total victory in which many people leave, especially the “evil” TomP.  I think that is harmful to all of us, just as a total victory on Daily Kos would be harmful.  The left and center need each other now.

It is not fun to lose friends, to be called a racist or to be hated.  Nonetheless, I have to what I think is right and speak the truths I see.  Others may see different truths and I should strive to respect that they do see things differently.  As a human being, no doubt I will fall short in that, but I’ll try anyway.  

I thought I should I post this diary here, where many people are more critical of President Obama.  The two updates are very important, for they are comments from strong supporters of President Obama who do seek peace and coalition.  Peace happens with people who have been “enemies” find common ground and cease hostilities.  I have to let go of past anger just as they do.  Anyway, for your comments.]  

http://www.dailykos.com/story/…

On 60 Minutes last night, the President addressed many issues, including the economy.  One thing I found to be very important and encouraging was his strong statement regarding banks:

Obama: I did not run for office to be helping out a bunch of, you know, fat cat bankers on Wall Street.

60 Minutes

There has been a lot of support and criticism of Barack Obama here, often much of it personal and not issue-based on all sides.

I believe the President when he says this.  I believe he really wants some change.  My hope is that he will take stronger measures to obtain change in our economy.

More, after the fold

  Events are rapidly coming to a head in Greece, and the consequences could ripple through all of Europe.

 Leading Greek economists and bankers yesterday warned George Papandreou, prime minister, that he had to announce bold initiatives to rescue the country’s collapsing bond market and avert the possibility of defaulting on a rising public debt.

…

 Yannis Stournaras, an Athens University economics professor and former chief adviser at the finance ministry, said: “Other countries in trouble have already taken measures. If we don’t quickly follow suit the adjustment will be imposed by markets and it will be violent.”

 How violent? Maybe not as violent as the protests in the streets of Athens. Already there are student, pensioner, and public worker protests and strikes. Remember that the current government is only two-months old, after the old government nearly collapsed under the pressure from street riots.

  This puts the current government in an extremely difficult situation. The public debt is set to rise next year to 124 per cent of GDP, with a fiscal deficit of over 12%. Meanwhile, the public pension fund is expected to go into the red as early as 2011. The fiscal squeeze requires draconian cuts, but the public workers of Greece are not a wealthy group. They will have no choice but to turn out into the streets en mass.

  Premier George Papandreou recognizes that.

 “Salaried workers will not pay for this situation: we will not proceed with wage freezes or cuts. We did not come to power to tear down the social state,” he said.

  The mayor of Kabul was back at his desk the day after was sentenced to four years for corruption. Afghanistan is awash in only one kind of money these days – drug money.

  One of the poorest nations on Earth exports $10 million every day in drug money, most of it right out of Kabul airport, and the world’s bankers are hooked on it like junkies. In fact, this drug money probably did more to save the world’s banking system than all the government bailouts.

 Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations’ drugs and crime tsar has told the Observer.

  Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.

H.R. 1068, the Let Wall Street Pay for Wall Street’s Bailout Act.

Wall Street Transaction Tax Proposed by Democrats

Ryan J. Donmoyer

Dec. 3, 2009 (Bloomberg) — A group of congressional Democrats proposed taxing large transactions in stocks and derivatives, an idea that has received a cool reception from the Obama administration. […]

.25 Percent for Stocks

The measure would be based on legislation DeFazio proposed in the House that would apply a tax of 0.25 percent or 25 basis points to stock transactions in excess of $100,000, and a levy of 0.02 percent or 2 basis points on derivatives including futures, options, swaps and credit default swaps.

Harkin and DeFazio said the proposed new levy is backed by more than 200 economists, the AFL-CIO labor union federation and business leaders including Warren Buffett and Vanguard Group Inc. founder John C. Bogle, now president of Bogle Financial Markets Research.

http://www.bloomberg.com/apps/…