Economics 101 For Blacks
Jr. | , Alton H. Maddox | 4/12/2011, 4:39 p.m.
As things change, the more they remain the same. This is evident in the succession from President-select George W. Bush to President-elect Barack Hussein Obama. The rich were doing just fine under Bush 43. The white middle class seems to expect a great future under Obama.
There is something wrong with this picture, however. The missing element became an eyesore in New Orleans in August 2005. Hurricane Katrina exposed the plight of poor Blacks in America, but no group is completely immune from poverty in the wealthiest nation in the world.
Nearly five years later, it is now apparent that this country intends to treat poor Blacks as obsolete assets. Poor Blacks have been written off. Dr. Martin L. King Jr. must be turning over in his grave. He spent his last years fighting racism, poverty and militarism.
Poor Blacks obviously lack meaningful employment or they have no employment at all. They live from hand to mouth. Discretionary income is out of the question. It is a struggle to obtain basic food, clothing and shelter. These are basic necessities. Healthcare and educational plans for children are pipe dreams.
The fundamental problem with the economic system in this county is its imbalance in the distribution of its wealth. A small percentage of Americans are in possession of most of the wealth. This condition has all of the earmarks of feudalism.
From the outset, this country was ergophobic. This means that persons who employ others enjoy more governmental breaks than those persons who work for others. This country respects economic vultures like Bernard Madoff.
Slavery became the greatest obstacle to the creation of a middle class in this country. Guaranteed employment for Blacks became a serious economic problem for poor whites who had an economic motive for ending slavery.
Economic prosperity for whites would hinge on putting Blacks on employment lines. By the 1840s, immigration had put Blacks out of work in New York. Immigration policies today are creating new economic frictions. Illegal immigrants are being employed as lightning rods.
This country has a serious economic problem, but the $787 billion stimulus package is only a political solution. It is a safety net for the laid-off workers. For example, laid-off workers will receive approximately $80 billion while the perennially, hardcore unemployed will receive zero. This spending on the middle class constitutes political patronage.
If the rationale for a stimulus package is to get the most bang for the buck, the beneficiaries of a stimulus package would have to be the needy rather than the greedy. When you live from hand to mouth, money is spent before you receive it. Payments to the poor would directly and immediately stimulate the economy.
Poor people have a drawback, however. This group is unable or unwilling to exercise First Amendment rights. Poor people are thoroughly disorganized and they have a protracted record of not participating in politics. Political parties are not charitable. Political parties also seek to invest in groups that will also give them the most bang for their bucks. Democrats are seeking to replace poor Blacks with conservative whites. Follow Mr. Obama's footsteps. Where is the Congressional Black Caucus when you need it?