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Archive for July 29th, 2011

Nurse tells patient the doctor will be by in a few, she ends up locked in building

I actually checked to see if this was my doctor. Occasionally they put you in a room and she doesn’t show up at all. Like for hours. Then they look at you like you are nuts if you complain.

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Fox News: Charlotte a Perfect Example of the Economic Great Depression Blacks Are Living Through

Fox News national discovers what I’ve been talking about for a long time. Charlotte is an economic Armageddon for African-Americans, with a black unemployment rate over 20 percent.

As Fox alludes, that makes it ironic that the Democrats want to showcase the city and the state by hosting the Democratic National Convention here:

The unemployment situation across America is bad, no  doubt. But for African-Americans in some cities, this is not the great recession. It’s the Great  Depression.

Take Charlotte, N.C., for example. It is a jewel of  the “new South.” The largest financial center outside of New York City, it’s the  showcase for next year’s Democratic National Convention. It was a land of hope  and opportunity for many blacks with a four-year college degree or higher.

According to an analysis by the Economic Policy  Institute, in Charlotte, N.C., the unemployment rate for African-Americans is  19.2 percent. If you add in people who have given up looking for jobs, that  number exceeds 20 percent, which, according to economists Algernon Austin and  William Darity, has effectively mired blacks in a depression.

“You’re looking at a community that is economically  depressed in my opinion,” Austin said. “And we need action that will address  that scale of joblessness.”

Not exactly the ringing endorsement Charlotte was looking to get out of the DNC. But as the convention gets closer, Charlotte will get its wish for more scrutiny.

Journalists nationally may begin to report things we’d never be told locally, like that the number of people employed in Charlotte shrunk by 2,600 between May and June, from 317,118 to 314,485, a devastating loss of jobs that does not bode well for local economic momentum going into the Democrat National Convention and, again, for all that national scrutiny.

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Province of Ontario now creating more jobs than the entire U.S.

The Canadian province of Ontario gained over 40,000 jobs in June, more than double the number of jobs created in the entire United States that month.

Something has gone terribly, horribly wrong here. To screw up so badly that a single Canadian province is now clocking the entire US in job creation, Washington would have to deliberately sabotage the country. I’m beginning to think that is exactly what they are doing.

Ontario has dramatically slashed taxes for corporations and individuals, which works every time it is tried. While the US languishes with what will soon be the highest corporate tax rates in the developed world at 35 percent, Canada has been slashing theirs dramatically. Companies can now do business there for a combined rate of 20% to 25%, and those rates are scheduled to continue to drop.

Of course, American companies don’t pay the full rate due to write offs and tax shelters, but having rates that high forces them to hide their money rather than investing it.

Since the new tax plan was introduced a year ago, 74,000 new jobs have been created in Ontario. Ontario’s real GDP increased by 2.8 per cent in 2010, and RBC‘s recent forecast predicts 2011 will bring the province’s highest growth rate since 2000. The unemployment rate has declined to 7.9 per cent.

As Jeff Taylor would remind us if he were writing this piece, the Charlotte region has shed over 30,000 jobs since the beginning of the recession.

The other problem? A friend of my fathers who runs a mid-size business recently told him that the biggest problem he now faces is the boatload of regulations that the Democrats passed before they lost control of the House. He says those are even more damaging than the recession and make hiring and expanding extremely difficult.

We have a long, long way to go in this country and, it often seems, no one in charge who is interested in helping us get there.

 

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