Tag Archives: bailouts

U.S. and the rest of the world

Most people around the world have heard about the 33 Chilean miners who were trapped on August 5thwhen their mine suddenly collapsed.

At the moment, their rescue is being watched live around the world as each miner is being brought to the surface via a small tube just big enough to hold each miner, one by one from nearly half a mile underground. Each miner is wearing sunglasses as they haven’t been in sunlight for over 65 days. This has been a day of happiness for not only those waiting at the site but also many around the world watching live as these events unfold.

People have sent words of encouragement, hope, prayers and support from all over the world to the friends and family of the miners.

Often times, it is said that the U.S. needs to concentrate on its own issues and not worry about what is going on in the rest of the world. People ask why the U.S. offers aide and assistance to other countries when our country is so in debt or why our news networks have such continuous coverage of disasters or even these types of stories in other countries.

These same questions came up soon after the earthquake in Haiti earlier this year because people didn’t understand the continuous news coverage being done or why the U.S. was encouraging fund raising efforts for Haiti when people in the U.S. were facing such devastation of their own due to an economic crisis.

When Hurricane Katrina happened, the coverage was shared around the world and the same thing happened after the attacks of September 11th. Other countries shared in our pain and offered their words of condolences and backed us up with aide after Katrina and support for the War on Terror.

One thing that was pointed out from others when seeing the footage after the 9/11 attacks was how those abroad were seeing Americans at their best in the worst of times. Americans were united together to help each other out, pull each other up and bring strength back to a nation that had been shaken.

It didn’t make a difference what a person’s race was, or their religion, nationality, beliefs or whether they were gay or straight. Nobody was asking those questions. They just wanted to help someone who needed help and move America forward from a bad situation.

Over the past few years, America has been in a bad situation. This wasn’t a small part of America or something that could just be cleared up in a day with a quick fix or an easy plan. This was an enormous and devastating economic meltdown that happened over years. First, without many people knowing and then without being properly managed to bring it to a halt which allowed an even broader, long lasting, economic crash.

Due to the housing and mortgage collapse and the stock market collapse in 2008, it felt as though the rug was pulled out from under many Americans who before that time had a sense of security in their homes, jobs and savings or some type of stock or retirement plan.

Many people lost their jobs due to company closings or cut backs, their health benefits and their homes due to the inability to make payments and with so many unemployed trying to find a job would become an opportunity so many would be seeking and few would find, only making the current situation that much worse.

At the same time, our country was going through presidential elections. These elections were being watched all over the world. Why are so many people concerned about the outcome of the presidential elections in the U.S.?

During the campaign, John McCain was saying he had more experience in Washington than Barack Obama and therefore would be a better president and Obama was running on the fact he would be able to bring change to D.C. and could bring hope to America when America truly needed hope and change.

Part way through the campaign, due to a serious downturn in the economy, a $700 billion bailout package for the financial industry was drafted and passed by both the House and the Senate. The country was desperate to elect someone who would get the country moving forward and back on its feet but many didn’t realize how much damage had really gone on for years within the financial industry and how much corruption had taken place.

In November 2008, Barack Obama was elected into office and from the beginning had started making changes and has continuously worked alongside his team to make things happen, moving America forward.

To see some of President Obama’s achievements, click here.

There are many people that question why more hasn’t been done, why it isn’t more obvious that America is on the road to recovery. Of course it would be best if everyone who needed a job had a job. It would be best if everyone who lost their home was placed back in a home with a suitable mortgage.

Aside from curing all the devastating diseases, making sure that people are able to have insurance, not be turned away due to pre-existing conditions or have their insurance company say they’ve reached their yearly or lifetime maximum payout is something that should have been an easy agreement by both, the House and the Senate as well as the American people. Healthcare should not be made into a political argument or slogan like “Obamacare”. It should be a human right.

If those in Washington were more worried about the people they were working for instead of themselves being reelected, much more would get done.

I asked early on in this article why should Americans be worried about what goes on in the world or other countries? Why should we get involved? Why does the world watch what goes on in the U.S.? Should it matter to us what other countries think about us?

The U.S. is made up of immigrants from countries all over the world. This country has been added to by immigrants, although some have family here that has been here for many generations, and others for a few generations or maybe some have just come here recently, roots go back to other countries. Many still have families in those countries and are very concerned on a daily basis for their family and their country. Their family there is very concerned for them here. That is how America is. That is what makes America strong. It’s diversity. With each person and their background, their heritage and their culture, America has gained a great strength. The land of opportunity has always had an opportunity to learn as well from every person that has come here just as they have had the opportunity to learn by coming here.

When a natural disaster happens anywhere, we have people here that are very concerned about their families who live in their countries not knowing whether they are dead or alive, homeless or if their home is okay.

We have many American citizens living abroad. Our concern for them does not end at our borders.

Our government also maintains relationships with other countries for diplomacy reasons and compassion is an act of humanity.

These are just a few reasons to care about people all over the world, to offer aide when possible and to lend a helping hand when needed.

Of course the U.S. has to take care of its home front, its people and protect its borders but that doesn’t require throwing in the towel on humanity and forgetting what other countries truly mean to us and our own citizens.

It’s been said, “The only time you should look down on a person is when you are helping them up.”

Poverty in America

According to the Census Bureau, 43.6 million Americans live in poverty. This is the highest it has been since the 1960’s. The recent recession has put millions of Americans out of work, starting a cycle that has led to a series of climbing poverty rates.

As many have lost their jobs, they have lost their employer-provided health care benefits as well which leads to mounting medical bills and prescription costs. After a long battle, congress passed a health overhaul bill which has already made some improvements for seniors, students and those with pre-existing conditions but many of the main provisions of the bill will not go into effect until 2014.

Often times, when money is not coming in and bills need to be paid, people will turn to their credit cards. Medical bills, utility payments and even mortgage payments were being paid on credit cards as a short term solution to a long term problem.

However, the credit card companies themselves had been a nightmare for many consumers and there seemed to be no solution to a problem that was driving many Americans further in debt at a very critical time.

Now, to back up a bit, there’s a bigger picture here to look at before the recession and before the economy started showing signs of falling apart. The picture is this. Many households had taken on more credit, more payments and more cost than in reality was needed or realistically could be paid had anything come up or gone wrong. The rule of thumb to follow is this,“If something can go wrong, it will.” Another is, “Don’t bite off more than you can chew.”

 

Of course everyone dreams big and wants more for their children than they had. Most people want the “American Dream.”   Maybe it’s time to adjust the dream.

 

Right now though, sights need to be set on the 43.6 million people living in poverty. What is really being done to help the situation for those people? That number grew from 39.8 million people in 2008.

Are the companies who received bailouts hiring employees? Loaning money to small businesses? Are bailed out companies still giving multi-million dollar bonuses to people receiving multi-million dollar salaries?

 

Are companies hiring those in need of jobs and are people in need of jobs still pursuing businesses in their communities?
The Credit CARD Act of 2009 was signed into law by President Obama on May 22, 2009 to help protect consumers and force credit card companies to be more fair and transparent.
As Americans have been forced to look at their credit responsibilities, many have seen just how wrongly credit card companies had been treating them but also realized there was little they could do aside from cancelling their account.
With this new Credit CARD Act of 2009, the Health Care Overhaul, Americans taking a long hard look at what is being spent compared to what they are making and a more vast amount of Americans wanting to hold their state and national leaders more responsible, will this make a difference for the 43.6 million individuals that need to see change NOW?

 

Programs that have been signed into law and are going into effect will make some differences. Health care costs cause many families to lose everything or claim bankruptcy. Health care will now start seeing improvements for many. Job losses could have been much worse had the stimulus or tax incentives not gone out. The idea is to focus on what is working and keep growing on new ideas and make sure they get passed and not stalled in the House or Congress.
Poverty is not picky. It can choose anybody at anytime. It does not only affect third world countries or people of a certain educational level or certain backgrounds. It is here in America and it can be affecting someone you know and you can’t tell. There are 43.6 million people in the U.S. living in poverty. 

 

That number doesn’t need to increase.