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For Immediate Release
January, 12 2010, 11:00pm EDT
Contact:
azher Ali, UFE Communications Coordinator, 617-423-2148 x101 or 617-835-7725; mali@faireconomy.org
NEW REPORT: Economic Stimulus Better for Whites - Blacks & Latinos Continue to Struggle
New MLK Day Report Shows That Economic Policies Must Be Targeted to Address Racial Income and Wealth Gaps
BOSTON, Mass
A new report released today finds that African Americans and Latinos are continuing to disproportionately experience economic hardships, and that targeted economic policies are required to address the racial economic divide in the US. The report, entitled State of the Dream 2010: Drained Jobless and Foreclosed in Communities of Color, is the seventh annual Martin Luther King, Jr. Day report from United for a Fair Economy (UFE). It is available for download at www.FairEconomy.org/dream.
In December 2009, The Congressional Black Caucus (CBC) boycotted a financial reform vote, demanding that more be done to support suffering Black communities being hit hardest by the recession. The CBC's action was an important step, garnering $6 billion for targeted investments in the House, but State of the Dream 2010 suggests that much more work remains to be done.
"As recent unemployment statistics confirm, the broad-based economic recovery policies are not reaching those who need it most, including people of color," said Brian Miller, Executive Director of UFE and a co-author of the new report. "Our report contains ample evidence to conclude that without targeted policies, such as those proposed by the CBC, we will never reduce the wide gaps of income and wealth between races."
In December, unemployment for African Americans and Latinos jumped to levels higher than any annual rate in 27 years.
Ajamu Dillahunt, co-author of the report and UFE Board member, explains, "Families survive unemployment better or worse depending on how much of a cushion they have, and African American and Latino families entered the recession with a dangerously low median net worth. In 2007, Blacks had only a dime and Latinos had only 12 cents of assets for every white dollar."
The State of the Dream 2010 report contains a broad range of accessible data and analysis about the current racial divide in terms of unemployment, median income, poverty, net worth, and rate of foreclosures. It includes policy suggestions that would target economic benefits to communities most deeply devastated by the current recession.
"A good model is how we prepare for a potential flu epidemic," says Mike Prokosch another report co-author and UFE Board member. "We give vaccines to the most vulnerable populations first. Economic policies should follow the same approach."
According to ranking CBC member Rep. Maxine Waters, "We can no longer be in denial that certain sectors of our population, including the African American community, are feeling the recession to a greater extent."
United for a Fair Economy challenges the concentration of wealth and power that corrupts democracy, deepens the racial divide and tears communities apart. We use popular economics education, trainings, and creative communications to support social movements working for a resilient, sustainable and equitable economy. United for a Fair Economy believes another world is possible. We envision a global society which respects the humanity, rights, and creativity of all people.
LATEST NEWS
AOC Leads Nearly 80 Democrats Urging Biden to Drop Proposed Title 42 Expansion
"We have sought and aspired to be an example, to uphold international law," said Rep. Alexandria Ocasio-Cortez. "Instead the administration is making it effectively impossible to seek refuge at our border."
Jan 27, 2023
Arguing that the Biden administration's expansion of the Trump-era Title 42 anti-asylum policy is not only immoral but also illegal, U.S. Rep. Alexandria Ocasio-Cortez is leading nearly 80 of her fellow Democratic lawmakers in calling on President Joe Biden to instead keep his earlier promise to end the policy that's expelled more than 2.5 million migrants since 2020.
The New York Democrat joined Sens. Robert Menendez (D-N.J.) in spearheading a letter signed by a bicameral coalition of lawmakers to "applaud the creation of new legal pathways for Cubans, Haitians, and Nicaraguans" that the Biden administration announced earlier this month, while expressing "great concern" over the restrictions that were paired with those pathways.
"Last year, we welcomed your administration's announcement that it would move to end Title 42, and we continue to support your efforts in the courts to ensure a timely end to the policy," wrote the lawmakers in the Thursday letter. "We are therefore distressed by the deeply inconsistent choice to expand restrictions on asylum-seekers after your administration determined it was no longer necessary for public health. Title 42 circumvents domestic law and international law."
"We urge the Biden administration to engage quickly and meaningfully with members of Congress to find ways to adequately address migration to our southern border that do not include violating asylum law and our international obligations."
The letter was sent three weeks after the administration announced that under Title 42—which was first used by former Republican President Donald Trump to refuse entry into the U.S. to migrants at the southern border during the Covid-19 pandemic, with Trump claiming the policy was needed to protect public health—30,000 migrants from Nicaragua, Cuba, and Haiti will be able to enter the country legally each month through a humanitarian parole program and U.S.-based financial sponsors.
If people from those countries try to enter the U.S. without going through an official port of entry, they will face immediate expulsion to Mexico, with the Mexican government committing to accept 30,000 deported refugees per month.
At a press conference outside the U.S. Capitol on Thursday, Ocasio-Cortez said by expanding the Title 42 program, Biden is violating human rights that are "enshrined in domestic and international law."
"We have sought and aspired to be an example, to uphold international law," said the congresswoman. "Instead the administration is making it effectively impossible to seek refuge at our border."
\u201cGreat to see @AOC highlight that Title 42 isn\u2019t just amoral, it\u2019s illegal.\n\n\u201cLast year Pres Biden promised to end Title 42. Instead he's now expanding restrictions on asylum. But the right to seek asylum is enshrined in domestic and international law.\u201d\u201d— Sawyer Hackett (@Sawyer Hackett) 1674781507
The lawmakers also raised alarm about a rulemaking process the Biden administration said it would begin to require migrants to first apply for asylum in a third "transit country" instead of exercising their legal right to asylum at the U.S.-Mexico border.
The 9th Circuit Court of Appeals found that Trump's "third country transit ban" violated U.S. asylum laws which prohibit the government from turning people away if they are not "firmly resettled" in another country where they are safe.
"At the time of this ruling, countries across the Western Hemisphere were unable to meet such requirements," wrote the lawmakers. "There does not appear to be evidence to show that country conditions in transit countries have improved since the relevant appellate decision was rendered as to justify a new third country transit [ban]."
Title 42 was also struck down by a district court in November, but the U.S. Supreme Court allowed the policy to continue for the time being last month. The court is set to hear arguments on the case in February.
The Democrats called on the president to work closely with Congress, which passed the Refugee Act of 1980 and affirmed that people fleeing persecution on "account of race, religion, nationality, membership in a particular social group, or political opinion" are legally permitted to seek asylum in the United States.
"We urge the Biden administration to engage quickly and meaningfully with members of Congress to find ways to adequately address migration to our southern border that do not include violating asylum law and our international obligations," said the lawmakers. "When Congress established the right to asylum, it did so without such requirements on where people may have previously traveled through or other pathways available. It is, in fact, necessary that asylum must be maintained and strengthened to ensure that safety is within reach, particularly for the most vulnerable."
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'Our Future Is Public': Santiago Declaration Envisions End of Neoliberalism Death Spiral
A new manifesto calls for building "a sustainable social pact for the 21st century" in which "our rights are guaranteed, not based on our ability to pay, or on whether a system produces profit, but on whether it enables all of us to live well together in peace and equality."
Jan 27, 2023
An international coalition made up of more than 200 trade unions and progressive advocacy groups on Thursday published the Santiago Declaration, a manifesto for "a complete overhaul of our global economic system."
The undeniably anti-neoliberal document proclaiming that "our future is public" is the product of a meeting held in Chile—the "laboratory of neoliberalism" where Milton Friedman and his University of Chicago acolytes' upwardly redistributive economic model was first imposed at gunpoint by Gen. Augusto Pinochet's military junta.
From November 29 to December 2, more than 1,000 organizers from over 100 countries gathered in Santiago and virtually to germinate a left-wing movement against "the dominant paradigm of growth, privatization, and commodification."
"Who owns our resources and our services is fundamental. A public future means ensuring that everything essential to dignified lives is out of private control."
"We are at a critical juncture," the manifesto begins. "At a time when the world faces a series of crises, from the environmental emergency to hunger and deepening inequalities, increasing armed conflicts, pandemics, rising extremism, and escalating inflation, a collective response is growing."
"Hundreds of organizations across socioeconomic justice and public services sectors—from education and health services, to care, energy, food, housing, water, transportation, and social protection—are coming together to address the harmful effects of commercializing public services, to reclaim democratic public control, and to reimagine a truly equal and human rights-oriented economy that works for people and the planet," reads the document. "We demand universal access to quality, gender-transformative, and equitable public services as the foundation of a fair and just society."
The Santiago Declaration continues:
The commercialization and privatization of public services and the commodification of all aspects of life have driven growing inequalities and entrenched power disparities, giving prominence to profit and corruption over people's rights and ecological and social well-being. It adversely affects workers, service users, and communities, with the costs and damages falling disproportionately on those who have historically been exploited.
The devaluation of public service workers' social status, the worsening of their working conditions, and attacks against their unions are some of the most worrying regressions of our times and a threat to our collective spaces. This is deeply linked with the patriarchal organization of society, where women as workers and carers are undervalued and absorb social and economic shocks. They are the first to suffer from public sector cuts, losing access to services and opportunities for decent work, and facing a rising burden of unpaid care work.
Austerity cuts in public sector budgets and wage bills are driven by an ideological mindset entrenched in the International Monetary Fund and many ministries of finance that serve the interests of corporations over people, perpetuating dependencies and unsustainable debts. Unfair tax rules, nationally and internationally, enable vast inequalities in the accumulation and concentration of income, wealth, and power within and between countries. The financialization of a wide range of public actions and decisions hands over power to shareholders and undermines democracy.
Against the heavily privatized status quo, "we commit to continue building an intersectional movement for a future that is public," the document says. "One where our rights are guaranteed, not based on our ability to pay, or on whether a system produces profit, but on whether it enables all of us to live well together in peace and equality: our buen vivir."
According to Global Justice Now, the Transnational Institute, and other signatories, the creation of an egalitarian and sustainable society hinges on ensuring universal access to life-sustaining public goods delivered by highly valued workers.
"We need to take back control of decision-making processes and institutions from the current forms of corporate capture to be able to decide for what, for whom, and how we provide."
"Who owns our resources and our services is fundamental," the manifesto argues. "A public future means ensuring that everything essential to dignified lives is out of private control, and under decolonial forms of collective, transparent, and democratic control."
\u201cThe Santiago Declaration calls us to build a public future - where quality education, health & other #PublicServices are guaranteed regardless of ability to pay & w/o commercial control.\n@Oxfam is proud to have supported this effort! https://t.co/OvqARJOy4E\n\n#OurFutureIsPublic\u201d— Oxfam International (@Oxfam International) 1674739224
As the Santiago Declaration explains:
A future that is public also means creating the conditions for enabling alternative production systems, including the prioritization of agroecology as an essential component of food sovereignty. To that end, we need to take back control of decision-making processes and institutions from the current forms of corporate capture to be able to decide for what, for whom, and how we provide, manage, and collectively own resources and public services.
The public future will not be possible without taking bold collective national action for ambitious, gender-transformative, and progressive fiscal and economic reforms, to massively expand financing of universal public services. These reforms must be complemented by major shifts in the international public finance architecture, including transformations in tax, debt, and trade governance.
Democratizing economic governance towards truly multilateral processes is critical to overhaul the power of dominant neoliberal organizations and reorient national and international financial institutions away from the racial, patriarchal, and colonial patterns of capitalism and towards socioeconomic justice, ecological sustainability, human rights, and public services. It is equally essential to enforce the climate and ecological debt of the Global North, to carry out an expedited reduction of energy and material resource use by wealthy economies, to hold big polluters liable for their generations-long infractions, to accelerate the phasing-out of fossil fuels, and to prioritize finance system change.
The call to build "a sustainable social pact for the 21st century," the coalition observes, "follows years of growing mobilization around the world."
It also comes as a complimentary alliance convened by Progressive International meets in Havana, Cuba to map out an emancipatory "new international economic order."
During Friday's opening session, former Greek Finance Minister Yanis Varoufakis called for the establishment of a movement capable of dismantling "the existing, exploitative, catastrophically extractive imperialist international economic order so as to build a new one in its place... in which people and planet can breathe, live, and prosper together."
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Lone Democrat Jared Golden Joins House GOP in Passing Massive Big Oil Handout
Climate groups said the legislation "advances a public land giveaway that could lock in at least a century of oil drilling."
Jan 27, 2023
House Republicans and a single Democrat—Rep. Jared Golden of Maine—passed legislation Friday that would require the federal government to lease a certain percentage of public lands and waters for fossil fuel extraction for every non-emergency drawdown of the U.S. Strategic Petroleum Reserve, a trade-off that climate advocates slammed as a huge gift to Big Oil.
"Fossil fuel companies are already swimming in record profits, but House Republicans are using one of their first legislative opportunities to auction off our public lands for more drilling," Martin Hayden, Earthjustice vice president of policy and legislation, said of the Strategic Production Response Act (H.R. 21), a bill led by Rep. Cathy McMorris Rodgers (R-Wash.).
Rodgers, the chair of the House Energy and Commerce Committee, was the top recipient of oil and gas PAC money in the House Republican caucus during the last election cycle.
"Ramping down fossil fuel extraction and transitioning to clean energy are our best opportunity to protect ourselves from the worst impacts of climate change, insulate families from volatile energy prices, and ensure that we reach our climate goals," Hayden added. "At a time when we're seeing the impacts of climate change every day, this bill would lock in decades of fossil fuel drilling that we simply cannot afford."
Republicans have accused Biden of abusing his authority to tap the nation's strategic reserve, a resource he drew on in a significant way last year in an effort to tamp down soaring gas prices by quickly increasing supply.
The White House has countered that it was operating well within its power to respond to major supply disruptions and warned the GOP bill would result in "more oil supply shortages in times of crisis and higher gasoline prices for Americans."
"Today, the SPR remains the largest strategic petroleum reserve in the world. And with our plans to refill it at... lower prices than what we sold at, the use of the SPR not only saved Americans money, but these releases will end up delivering a return for taxpayers," U.S. Energy Secretary Jennifer Granholm said during a
press briefing earlier this week. "So I'll be very clear: If Congress were to pass H.R. 21, the president would veto it."
"This bill advances a public land giveaway that could lock in at least a century of oil drilling in response to an SPR drawdown that is truly a drop in the bucket."
Explaining his lonely yes vote on the House GOP's legislation, Golden said in a statement that "it is in the best interest of hard-working Americans, who are facing rising prices at the pump, to require a comprehensive plan from any administration in power to replace our stockpile as they dip into it."
But climate groups warn the specific plan required under the bill—which passed hours after Chevron reported record-shattering annual profits for 2022—would approve a massive expansion of fossil fuel drilling at a time when climate scientists say such extraction must be urgently phased out.
"Enactment of this bill would have dire implications for federal public lands and waters," a coalition of nearly 40 environmental groups wrote in a letter to members of Congress earlier this week. "As written, the bill permits the leasing plan to include as much as 10% of the federal land and water estate—an unconscionable amount—when SPR drawdowns exceed 10% of reserves."
"The federal government presides over roughly 640 million acres onshore and over 2.5 billion acres in the Outer Continental shelf. Ten percent of that is 314 million acres—almost twice the size of Texas and six times the combined size of all U.S. national parks," the letter continued. "In other words, this bill advances a public land giveaway that could lock in at least a century of oil drilling in response to an SPR drawdown that is truly a drop in the bucket."
After the groups sent their letter, the House GOP approved an amendment offered by Rep. Lauren Boebert (R-Colo.) that would authorize a leasing plan that could include up to 15% of federal lands and waters.
House Republicans rejected a number of amendments offered by Democrats, including one from Rep. Raúl Grijalva (D-Ariz.) that would have made national parks, national wildlife refuges, and other public lands off-limits for drilling.
"Under this bill, if the president needed to act again to keep prices low, he'd first have to pay off Big Oil by opening up our public lands," Grijalva said in a floor speech on Thursday. "This bill does not protect the American people, and it certainly does not protect our climate or environment."
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