what works = what's right

The Best Thing for the Economy, the Right Thing for the Poor

by Jim Wallis, 02-12-2009

First, economists across the political spectrum agree that the economy desperately needs to be stimulated by federal investment in things that will generate immediate economic activity and jobs. Second, the same analysts also agree that benefits to low-income families will result in immediate economic stimulation as people in distress will spend the money they receive because they have no other choice. In other words, directly helping vulnerable people works because it will quickly help stimulate the economy, and it’s right because it will immediately help poor and vulnerable people. How often do we get to do what works and what’s right at the same time?

...

Helping those who have fallen on hard times — and helping states avert cuts in a range of critical services — will do more to help the economy and create jobs than poorly targeted tax cuts.

So... what I want to know is, why in the world are we spending upwards of $2 trillion dollars on some complicated bailout bills for corporations, banks, the housing market, etc...?  Can you imagine if $2 trillion dollars were instead distributed directly to people starting at the bottom of our economic ladder?  Say... $10,000 per person... that would give the 200 million poorest people in the US a huge boost.   If the population of the US is around 400 million, that means we'd be helping out the poorest half of the country directly, instead of the richest top percentage.  And if there were restrictions on the money, so that it had to go towards paying off debt first, then it would also help corporations and banks who are not getting paid because people are defaulting on loans.

Anyway, just a thought. I'm no economist, so I'm sure some eloquent person could explain why such an idea wouldn't work...

yet another tale of 'ugliness revealed'

My roommate has a subscription to Time magazine and I usually don’t get around to reading most of the articles in there, but yesterday and today I discovered some articles that I feel are really worth sharing.

First, a disclaimer that I don’t really have an opinion one way or the other on the “Palestinian vs Israel” issue - I think both should have to learn to live with each other, but beyond that I haven’t really read enough about it to say how that peace should look. But one thing I do know for sure, is that when you stop just looking at numbers of casualties, and hear personal stories, then you know that ideologies just don’t matter. War is ugly! The killing must stop!

“I looked down and saw my 2-year-old daughter lying there with her insides spilling out. And then the soldier shot my two other girls. I’m not Hamas. My girls weren’t Hamas. Why did they do this to us?” - quote from the article “Voices from the Rubble” - TIME magazine, Feb 9 issue.

The above quote, from “Voices from the Rubble” is an article that tells the sad tale of a man in Gaza who had 2 of his 3 daughters slaughtered in front of him (all three were shot, 1 is paralyzed but survived) by an Israeli soldier for no apparent reason. Read the story for yourself… but to hear it told certainly makes you just despise the Israeli army for doing something like that. Especially when they deny it and claim “the Israel Defense Forces is an ethical army…”

And even though it is estimated that about 90% of Jews in Israel were supporting the 22-day offensive against Gaza, I read another article titled “Israel’s Lonesome Doves” which tells the story of peace activists within Israel and their losing battle at home.

“I listened to one of my neighbors telling Israeli TV that the sound of the bombing was like a symphony, that he’s never heard such powerful music before… And I was thinking, how many people are dying because of that ‘music’?” - an Israeli peace activist commenting on her neighbor’s response to news reports of the air strikes on TV.

But it is good to hear that there are still people in both Israel and Gaza who are in-touch with their humanity and desiring peace rather than continued conflict.