| The 
              efforts to jumpstart the economy in the United States, in hopes 
              of causing a global ripple, has taken on an entirely new meaning 
              as people and industry alike wait for the $787 billion dollar economic 
              stimulus package to drop. It’s like a “mania” as so many cities, 
              states, industries, school districts, homeowners, small business 
              owners await the economic “savior” of their connected economic realities. 
               The 
              stimulus package has become “first option” and “last option” as 
              the mania whips the nation into a frenzy and the markets creep off 
              life-support. Stimulus-“mania” has also become the target of Republicans, 
              who can say “no” to everything but their own party ideology that 
              stills beats a nearly 30 year old anti-tax, anti-spend mentality 
              of the Reagan era. This is what produced a trillion dollar deficit 
              in the first place. The “greed politic,” one that is creating the 
              wage and income disparities of what President Obama called unsustainable 
              “bubble and bust” markets, are elbowing their way up to the front 
              of the soup lines in a way reminiscent of the 1930s.  Everybody 
              is depending on this stimulus money. The real question is, will 
              there be any soup left after the corporations and local governments 
              get theirs? Watching 
              President Obama manage GM, AIG and the other market forces while 
              continuing to promise a “tickle down” effect will do for now. The 
              problem is the impatience of the collapsing markets that are forcing 
              pink slips to drop quicker than stimulus payments can get there 
              offer little relief to the masses. Employers say stimulus payments 
              will save jobs, but only if the industry survives the wait. “Shovel 
              ready” and “turn-key” projects receive priority on the stimulus 
              funding list. Only so many projects are going to get funded, yet 
              that doesn’t stop the line from getting longer.  It 
              seems to me that a false sense of security comes from the expectation 
              that all will be feed from this stimulus effort, as all segment 
              of the nation shout, “Do somethong, Obama!” As the stimulus checks 
              drop and the nation’s various interest are fed, will they be fed 
               sufficiently? 
              Just watching the state of California line up has been an interesting 
              prospect. First, Gov. Schwarzenegger publicly states the economic 
              stimulus package will help avoid layoffs of state workers. Then 
              Mayor Villaraigosa announces the same. Then LAUSD Superintendent 
              announces the same. Unions are demanding the stimulus money be used 
              to keep people working. That’s just on the government side. We haven’t 
              seen the private industry requests yet, or the small business, or 
              the homeowner relief. Every breakdown of the stimulus package is 
              different, and the bites are so large that the numbers don’t add 
              up. So, 
              who’s to trust it? Certainly not the American people. The mania 
              is largely the expectations created by those at the head of the 
              line. Soup is plentiful there. Those at the back of the line are 
              still wondering when the payoff is going to come. And when will 
              the line shorten up. It 
              isn’t until the foreclosure crisis is resolved will we know if the 
              stimulus package actually worked. We can put people back to work, 
              and we can get America spending and investing again. But if the 
              credit markets are still allowed to gouge and the money markets 
              are still allowed to overcharge, then consumer debt will still be 
              high and the American people will still be overburdened. Seems to 
              me that the soup line will have to last an awfully long time to 
              arrest the hunger of the American people.  The 
              global economy will also have to be fed (that’s a different line 
              altogether) and the wars that suck so much out of the economy will 
              have to be plugged (stopped). Then we can watch what a stimulus 
              plan might project. Until then, what’s there to get excited about? 
              That the money’s on its way? Not quite. The end of the soup line 
              is the only thing that can get the nation excited right now and 
              there is no end in sight. Just a mania to heighten the expectation 
              of a “yet to be determined” reality. It’s nothing more than a 21st 
              Century soup line where you get in line and wait for better times. 
              If the soup lasts… BlackCommentator.com Columnist, Dr. Anthony Asadullah Samad, is a national columnist, managing 
              director of the Urban Issues Forum and author of Saving The Race: Empowerment Through Wisdom. His Website is AnthonySamad.com. 
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              to contact Dr. Samad. |