GDP

Can We Stop Wringing Hands?


Economy Hand Wringing

The August jobs report said that we added a net of “only” 235,000 jobs. That’s a big decrease from the 962,000 added in June and 1.05 million added in July. That has caused innumerable hand wringers to wail, sob and bemoan a looming catastrophe in our economy.

The truth is that our economy is continuing to expand, albeit at a slower rate in August. Unemployment went down from 5.4% to 5.2% in August and – did I mention? – a net of 235,000 people found jobs and employers found 235,000 employees. Gross Domestic Product (GDP) has regained all the losses due to the pandemic.

Of course, there are lots of factors related to the pandemic that affect our economy, including ever-more people working from home, which impacts lunch revenues at restaurants and gym memberships. It also includes the economic impact of all the people who are not traveling due to Covid, as well as the enormous supply chain disruptions of the past 18 months due to Covid. Still, our economy is expanding.

The slowdown follows perfectly the immense expansion of sickness and death due to the Delta variant. If we really want to keep the economy growing robustly, all we have to do is to follow the direction of the CDC to curb the pandemic. It’s as simple as that.

Take that, economy hand wringers!

Immigration Hand Wringing

You know where you were and who you were with when you learned what had happened on 9/11. The horrific images are burned into your brain and your heart and perhaps passion still rises in you when you see those painful pictures. Maybe you remember our senators and congressmen on the steps of the Capitol Building late that day, singing God Bless America in an impromptu, non-partisan, heartfelt song of solidarity. You can see that again here. In an odd contemporary way, that was a most peculiar moment.

Israel Bellin was born in Telochin, Russian Empire in 1888. He arrived in this country with his family at age five. Fourteen years later he published his first song and went on to become one of America’s most prolific and beloved songwriters. His name was misprinted on a piece of sheet music from one of his early works as “I. Berlin” and the name stuck. Irving Berlin wrote God Bless America in 1918 during WW I and it has been a national favorite ever since, with many believing it should be our national anthem.

The peculiarity is that Berlin was a Jewish immigrant raised in poverty. There was no job waiting for his father when the family arrived at Ellis Island and Berlin had to drop out of school at age eleven to help support the family. According to a large segment of our politicians and citizens today, the only thing that would make him an acceptable immigrant is that he was White.

What would happen to this poor, non-Christian immigrant under today’s discriminatory immigration laws?  And, more to the point, how many others, who could contribute so much to this country, are being kept out now? What would they build here?

Under today’s immigration paranoia would we have Sergey Brin from Russia to co-found Google? Or Hamdi Ulukaya who left Turkey and founded Chobani Yogurt? Would we have jeans to wear if Levi Strauss had been forced to stay in Germany? Would we have the microprocessors that power everything that uses electrons if Andy Grove hadn’t come from Hungary and remade Intel? Would you be able to sell that baby crib on eBay if Pierre Omidyar’s Iranian family had been forced to stay in France?

Would members of Congress have God Bless America to sing if Berlin’s family were to apply to immigrate today?

Take that, paranoid immigration hand wringers!

Afghanistan Exit Hand Wringing

Other than the permanent hard right Biden detractors, nearly everyone agrees that ending our war in Afghanistan and bringing home our troops and extracting the Afghans who helped us was and is the right thing to do. As the president said, the alternative was to continue to bleed people and money with no possibility of any gain. He was not willing to put yet another generation of our best into harms way for nothing.

The main criticism has been over the messy exit that left 100 – 200 Americans and thousands of Afghan helpers and their families in Afghanistan. That is truly awful and even some Democrats have been critical, while the hard line accusers and demonizers, the Trumpyist of Trumpists, want Biden impeached. Don’t bother looking for valid reasoning there.

There’s just one thing: Not a single one of the denigraters has an idea for how the extraction process could have worked better. Not one. All they have is fatuous, flamboyant criticism. That brings to mind the admonition to either lead, follow or get out of the way. Perhaps we should have a congressional rule like that.

Some have said that we should have started the evacuation sooner, but that would only have generated the chaos at an earlier date. Some have said that we should have stayed there to prop up the charade of an Afghan government, but that would just prolong the bleeding and dying and deepen the bottomless money pit. Some say Trump should have included the Afghan government in the negotiations with the Taliban to underscore its legitimacy. They’re right, but that wouldn’t have prevented the chaos.

Got a better idea? Glad to hear it. Post it below. But let’s stop this national hand wringing over a war that we should have exited many years ago. Better yet: We should not have invaded that country at all. There were other ways to get bin Laden. In fact, George W. Bush turned down two of them before starting that war.

Take that, Afghanistan exit hand wringers!

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The Fine Print:

  1. Writings quoted or linked from my posts reflect a point I want to make, at least in part. That does not mean that I endorse or agree with everything in such writings, so don’t bug me about it.
  2. Errors in fact, grammar, spelling and punctuation are all embarrassingly mine. Glad to have your corrections.
  3. Responsibility for the content of these posts is unequivocally, totally, unavoidably mine.
  4. Book links to Amazon are provided for reference only. Please purchase your books through your local mom & pop bookstore. Keep them and your town vibrant.

JA


Copyright 2021 by Jack Altschuler
Reproduction and sharing are encouraged, providing proper attribution is given.

Questions For the August Town Halls


Reading time – 2:56  .  .  .

The House of Representatives remains in session this month. In contrast, Senate Majority Leader Mitch McConnell called a recess for the month of August for the Senate. That means that August town halls are solely with senators. Feel free to ask any of these questions of your Republican senator, as they don’t apply if s/he is a Democrat.

From constituent #1:

Senator, thank you for taking my question.

There is a pandemic in our country that is taking down millions of Americans. Over 158,000 of our friends and family have died from it and the disease is extending its reach and accelerating its spread.

Our economy is cratering, as GDP has fallen more in one quarter than at any time in the past 150 years.

Tens of millions of Americans are out of work, with a million more joining the ranks of the unemployed every week. The supplemental aid package ran out at the end of last month and millions are facing the inability to pay for their housing, which will lead to foreclosures and evictions. Millions of Americans will be unable even to feed their families.

Congress is willfully paralyzed over extending a hand to our people. Sen. McConnell called a recess of the Senate and you and your colleagues dutifully vacated the premises as directed.

It’s your job – we pay you – to represent us and promote our welfare, but instead you’re here politicking for your next election, working for yourself. My question is simple:

Why aren’t you back in Washington working for us?

From constituent #2:

Senator, you’ve been in Congress for a long time and have been a staunch promoter of American values around the world. You’ve been a forceful opponent of Russian aggression and a plain spoken critic of Vladimir Putin.

President Trump fails to confront Putin for his paying bribes to the Taliban to kill Americans; he failed to forcefully oppose Russia’s invasion of Ukraine and occupation of the Crimea; he fails to confront Putin over the ongoing Russian cyber-espionage on the U.S. and now is pulling a large percentage of our military from Germany, weakening our position throughout the region and further damaging our  relationships with NATO allies. There is nothing conservative about any of those failures.

Throughout all of this and worse from this president you’ve remained silent, without so much as voicing a single objection, much less mounting opposition to Trump’s dereliction of duty to protect and defend. In your silence you have been an enabler of his sell-out of America, meek as a lapdog. Why aren’t you speaking out, senator?

From constituent #3:

Senator, you voted against the PPP program and every other measure to help working Americans during these perilous times. In contrast, in 2017 you voted for the tax cut bill that sent 83% of its benefit to the richest people and corporations in the country. You vigorously promoted it, saying it would generate wage increases, but that didn’t happen and the economists told you that’s what would happen. But corporations did buy back their stock, which boosted stock prices solely to the benefit of rich people.

Tell us why you like rich people so much and clearly don’t care about middle class or poor people.

From constituent #4:

Thank you for being here today, senator, and for taking our questions.

My question is about the anonymous federal troops that President Trump has sent to 7 of our cities and who have brutalized and terrorized largely peaceful protesters. We’re told that these troops are from the Department of Homeland Security, the purview of whose policing force is solely to defend federal property. However, nearly all of the actions of these troops has taken place well away from federal property.

These troops are heavily armed and anonymous, as they wear no agency or unit identifying insignia, police star numbers or name badges and they drive unmarked SUVs. They have kidnapped our citizens without warrant, have failed to Mirandize those they have kidnapped and have held them without cause and without charge.

Please don’t claim that the demonstrators were violent, because we have amateur video and press coverage that plainly shows that’s a lie. My question is simple: Why have you remained silent as our friends and family are being beaten, gassed, shot and pepper sprayed? Where is your voice to stop this brutality?

From constituent #5:

Thank you for taking my question, senator.

The manufacturing facility where I’ve worked for 14 years is shut down because of the pandemic. The extra help I used to get from the federal government made it possible for my family to hold on, but that’s cut off now. And you’ve opposed financial aid to laid off workers, saying that providing that aid is a disincentive to working.

I’ve played by the rules all along and am now in a really tough spot because of a disease over which I have no control, and you’ve essentially called me and millions of other Americans bums. I invite you to apologize to us all right here, right now, and then go back to DC and do your job to work for us. Otherwise, you can come to my house and explain to my kids why there not only won’t be any birthday presents, but that they should be happy with just 1 or 2 meals a day. And you can explain to my wife that she’ll have to do without her insulin that we can’t afford.

So, what’s your choice, senator: my house or DC?

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  1. Pass this along to three people, encouraging them to subscribe (IT’S A FREEBIE!).
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Thanks!

The Fine Print:

  1. Writings quoted or linked from my posts reflect a point I want to make, at least in part. That does not mean that I endorse or agree with everything in such writings, so don’t bug me about it.
  2. Sometimes I change my opinions because I’ve learned more about an issue. So, educate me. That’s what the Comments section is for.
  3. Errors in fact, grammar, spelling and punctuation are all embarrassingly mine. Glad to have your corrections.
  4. Responsibility for the content of these posts is unequivocally, totally, unavoidably mine.

JA


Copyright 2021 by Jack Altschuler
Reproduction and sharing are encouraged, providing proper attribution is given.

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