Community Investment? Oh, Please

[Flopper]

T Rowe Price has gotta be bummin they decided to stay in 2013

The last major riots in Baltimore was in 1968, 46 years ago. These riots are nothing compared to 1968.

Mapping The Baltimore Riots Of 68 And Now

 

[Manonthestreet]

In light of this speech, exactly what would this investment be spent on? They want to drive out business....

 

[Manonthestreet]

T Rowe Price has gotta be bummin they decided to stay in 2013

The last major riots in Baltimore was in 1968, 46 years ago. These riots are nothing compared to 1968.

Mapping The Baltimore Riots Of 68 And Now

and what you posted had nothing to do with their situation

 

[Flopper]

In light of this speech, exactly what would this investment be spent on? They want to drive out business....

Basically, programs that target young children and their parents as they have a relatively good record of success.

First Start for low income families with young children at risk of emotion, behavioral, or developmental problems.

High quality child care programs for working parents

Programs like Career Academics offering career technical/vocational courses and workplace opportunities

Book fairs in high poverty elementary schools

Adolescent Pregnancy Prevention programs

Parent training programs for recently separated single mothers with 6-10 year old boys

Life Skills program (middle school substance abuse)

Big Brother and Big Sister Volunteer Mentoring Programs

 

[thereisnospoon]

Trade wars are pointless. Nobody wins.

Trade war isn't the only option when dealing with a structural trade imbalance like the one now affecting China, the US and the EU, but making the same mistake over and over while expecting a different result isn't a good choice either.

Not entirely sure of your premise here

 

[thereisnospoon]

BTW, this has nothing to do with problems facing Baltimore. Nothing.

Economics matter everywhere, from Downtown to Roland Park
"...let's look at a hypothetical case of two babies born on the same day this year in Baltimore. One is born in Roland Park, a wealthy neighborhood in the north of the city.

"The other is born just three miles away in Downtown/Seton Hill, one of the city's poorest neighborhoods.

"The Roland Park baby will most likely live to the age of 84, well above the U.S. average of 79. The Seton Hill baby, on the other hand, can expect to die 19 years earlier at the age of 65.

"That's 14 years below the U.S. average.

"The average child born this year in Seton Hill will be dead before she can even begin to collect Social Security.

15 Baltimore neighborhoods have lower life expectancies than North Korea - The Washington Post

So?.....What's your point?

 

[thereisnospoon]

Baltimore is Burning:
Baltimore is Burning
"I moved to Baltimore in 1997. The city was losing 10,000 people a year. 10% of the city population was addicted to drugs. The jobs were leaving, the city was dying. That was an injustice then, and it still is today.

"But some injustice is harder to see, harder to explain in concrete terms, and harder to correct.

"America lost 8.8 million jobs between 2008 and 2009. We haven't gotten all of them back. And most Americans aren't making any more money today than they were 10 years ago. Thousands of small businesses failed.

"Oh, but the world has 852 new billionaires since the financial crisis.

"Over 5 million Americans lost their homes during the financial crisis. Many of these homes were bought by Blackstone and Berkshire Hathaway and are now being offered for rent by these firms.

"In 2009 — the height of the crisis — Goldman Sachs had a $16 billion compensation pool, just a year after a $10 billion government bailout. On average, Goldman employees made $498,000 in 2009, up from $317,000 in 2008.

"Not one banker went to jail, not one Wall Street CEO got more than a slap on the wrist. Smug congressmen sat on investigative subcommittees, lobbing softball questions and expressing their outrage at their Wall Street accomplices...

"You're damn right people are angry.

"Since 9/11, the Department of Homeland Security has been steadily fortifying local police departments with millions of rounds of hollow-point bullets, Kevlar body armor, automatic weapons, sniper rifles, and armored vehicles.

"Who are they protecting?

Let me guess. The bazillionaires?.....
Be careful how you use the term "injustice".....

 

[thereisnospoon]

Investing in these neighborhoods will bear nothing, they are money pits, all we are doing is throwing money down the drain. They are born into the welfare state and make it a career

Community Investment? Oh, Please

In the face of the Baltimore riots, President Obama is reportedly resigned that nothing much can be done to prevent similar events in the future because of Republican opposition to any greater “investment” by the federal government in mainly black inner-city communities.

“Investment”? What a joke! An investment is something from which you expect a return, and those communities have about as much chance of paying anyone back anything as Confederate War Bonds do of suddenly maturing at ten percent compound.

These communities are not an “investment”; they’re an expense! The biggest money hole in the history of the human race. Since Lyndon Johnson’s War on Poverty program was enacted, we have spent over fifteen trillion – with a t – on welfare (AFDC and other programs), Food Stamps, WIC stamps, free pre-school, free primary and secondary education, free medical care, free cell phones, Section 8 housing assistance, food pantries, free transportation to the Social Services Office and your medical appointments, free legal services, and I don’t know what else because I haven’t the stomach to look any further.

Articles Community Investment Oh Please

The payback is not in dollars and cents. It's less crime and unemployment, or maybe just a bit slower growth rate. Fixing social problems are the most difficult problems a nation faces. Often money is spent and it fails to accomplish anything. However, to do nothing as many on the Right favor guarantees failure.

It's already at failure level and has been for years

As I said, it depends of your definition of failure.

Investing in these neighborhoods will bear nothing, they are money pits, all we are doing is throwing money down the drain. They are born into the welfare state and make it a career

Community Investment? Oh, Please

In the face of the Baltimore riots, President Obama is reportedly resigned that nothing much can be done to prevent similar events in the future because of Republican opposition to any greater “investment” by the federal government in mainly black inner-city communities.

“Investment”? What a joke! An investment is something from which you expect a return, and those communities have about as much chance of paying anyone back anything as Confederate War Bonds do of suddenly maturing at ten percent compound.

These communities are not an “investment”; they’re an expense! The biggest money hole in the history of the human race. Since Lyndon Johnson’s War on Poverty program was enacted, we have spent over fifteen trillion – with a t – on welfare (AFDC and other programs), Food Stamps, WIC stamps, free pre-school, free primary and secondary education, free medical care, free cell phones, Section 8 housing assistance, food pantries, free transportation to the Social Services Office and your medical appointments, free legal services, and I don’t know what else because I haven’t the stomach to look any further.

Articles Community Investment Oh Please

The payback is not in dollars and cents. It's less crime and unemployment, or maybe just a bit slower growth rate. Fixing social problems are the most difficult problems a nation faces. Often money is spent and it fails to accomplish anything. However, to do nothing as many on the Right favor guarantees failure.

It's already at failure level and has been for years

That depends on your definition of failure.

Baltimore, Oakland, Detroit...need I keep going?

There are many community social programs that have been successful. No, there not on the front page or the subject of national news programs but they are making a difference in people's lives. Shut down all the community programs and things will get worse, a lot worse.

Social Programs That Work

The problem is these programs come at great taxpayer expense and the positive effect is distributed to so few.
The return on investment is just not there.
Unfortunately, politicians use these programs for their own political gain.

 

[rdean]

Investing in these neighborhoods will bear nothing, they are money pits, all we are doing is throwing money down the drain. They are born into the welfare state and make it a career

Community Investment? Oh, Please

In the face of the Baltimore riots, President Obama is reportedly resigned that nothing much can be done to prevent similar events in the future because of Republican opposition to any greater “investment” by the federal government in mainly black inner-city communities.

“Investment”? What a joke! An investment is something from which you expect a return, and those communities have about as much chance of paying anyone back anything as Confederate War Bonds do of suddenly maturing at ten percent compound.

These communities are not an “investment”; they’re an expense! The biggest money hole in the history of the human race. Since Lyndon Johnson’s War on Poverty program was enacted, we have spent over fifteen trillion – with a t – on welfare (AFDC and other programs), Food Stamps, WIC stamps, free pre-school, free primary and secondary education, free medical care, free cell phones, Section 8 housing assistance, food pantries, free transportation to the Social Services Office and your medical appointments, free legal services, and I don’t know what else because I haven’t the stomach to look any further.

Articles Community Investment Oh Please

This country is a community investment that even conservatives used to believe in. Now they have gone batshit crazy. That's what having a black president did to them.

 

[georgephillip]

Not entirely sure of your premise here

Structural trade imbalances like the one between the US and China can be addressed in ways other than trade wars. Current "free trade" agreements have incentivivized billion dollar per year trade deficits with China in order to maximize shareholder returns at the expense of workers and their families. "Fair trade" agreements could redress the structural roots of that problem without resorting to a trade war.

 

[georgephillip]

So?.....What's your point?

The problems of Baltimore's inner city can't be separated from the negative economic aspects of globalization over the past forty years.

 

[georgephillip]

Let me guess. The bazillionaires?.....
Be careful how you use the term "injustice"....

Where's the "justice" in the creation of 582 new billionaires since the Great Recession cost five million Americans their homes?

 

[Flopper]

Investing in these neighborhoods will bear nothing, they are money pits, all we are doing is throwing money down the drain. They are born into the welfare state and make it a career

Community Investment? Oh, Please

In the face of the Baltimore riots, President Obama is reportedly resigned that nothing much can be done to prevent similar events in the future because of Republican opposition to any greater “investment” by the federal government in mainly black inner-city communities.

“Investment”? What a joke! An investment is something from which you expect a return, and those communities have about as much chance of paying anyone back anything as Confederate War Bonds do of suddenly maturing at ten percent compound.

These communities are not an “investment”; they’re an expense! The biggest money hole in the history of the human race. Since Lyndon Johnson’s War on Poverty program was enacted, we have spent over fifteen trillion – with a t – on welfare (AFDC and other programs), Food Stamps, WIC stamps, free pre-school, free primary and secondary education, free medical care, free cell phones, Section 8 housing assistance, food pantries, free transportation to the Social Services Office and your medical appointments, free legal services, and I don’t know what else because I haven’t the stomach to look any further.

Articles Community Investment Oh Please

The payback is not in dollars and cents. It's less crime and unemployment, or maybe just a bit slower growth rate. Fixing social problems are the most difficult problems a nation faces. Often money is spent and it fails to accomplish anything. However, to do nothing as many on the Right favor guarantees failure.

It's already at failure level and has been for years

As I said, it depends of your definition of failure.

The payback is not in dollars and cents. It's less crime and unemployment, or maybe just a bit slower growth rate. Fixing social problems are the most difficult problems a nation faces. Often money is spent and it fails to accomplish anything. However, to do nothing as many on the Right favor guarantees failure.

It's already at failure level and has been for years

That depends on your definition of failure.

Baltimore, Oakland, Detroit...need I keep going?

There are many community social programs that have been successful. No, there not on the front page or the subject of national news programs but they are making a difference in people's lives. Shut down all the community programs and things will get worse, a lot worse.

Social Programs That Work

The problem is these programs come at great taxpayer expense and the positive effect is distributed to so few.
The return on investment is just not there.
Unfortunately, politicians use these programs for their own political gain.

That's no so. Most of these programs get a large percentage of their funding from donations from individuals and business. Many depend on volunteers and part time workers. Their cost is minuscule compared to SNAP, TANF, Free & Reduced Lunch Program, low income housing, and earned income credit. And those programs are far less costly than the retirement benefits exemption, the health insurance exemption, and the home mortgage interest deduction program.

Return on investment?? How do you determine return on investment of a kid you keep out the gangs or a single mother who finds employment, a family you save, or a drug addict you get into rehab.

 

[BluesLegend]

Obama already gave Baltimore $1.8 billion in stimulus money, unfortunately Democrats and their public employee union cash cow gobbled most of it up. They did give the poor a measly $3 million for jobs training, that's like 1.6%. Someone should ask the clown where the rest of the $1.8 billion went he'd pop a gasket.

Hundreds of millions were siphoned off by the public employee unions, which of course kicked part of the money back to Dem's to fund their campaigns. At the height of the recession when unemployment was at its peak guess what the unemployment rate was for public employees...yes virtually unchanged in the 3% range. They used the stimulus money to avoid layoffs and cost cutting, shocker. /sarcasm

 

[Flopper]

So?.....What's your point?

The problems of Baltimore's inner city can't be separated from the negative economic aspects of globalization over the past forty years.

I can certainly agree with that. IMHO, nothing has hurt low income workers in the US more than globalization. Putting American workers in direct completion with foreign workers making $2/hr was really dumb.

In 1992, presidential candidate Ross Perot said, " We have got to stop sending jobs overseas. It's pretty simple: If you're paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor,...have no health care costs— have no environmental controls, no pollution controls and no retirement, and you don't care about anything but making money, there will be a giant sucking sound going south."

 

[thereisnospoon]

So?.....What's your point?

The problems of Baltimore's inner city can't be separated from the negative economic aspects of globalization over the past forty years.

It's called the laws of inevitability.
Please do not tell me you had no clue the rest of the world would catch up to and in some cases surpass the US's industrial might.

 

[thereisnospoon]

Let me guess. The bazillionaires?.....
Be careful how you use the term "injustice"....

Where's the "justice" in the creation of 582 new billionaires since the Great Recession cost five million Americans their homes?

Billionaires create their wealth. They don't come from a factory.
Are you of the camp that believes in the Keyensian theory of the zero sum game?

 

[Katzndogz]

Bring back orphanages and reform schools. All those other programs wouldn't be needed.

 

[thereisnospoon]

So?.....What's your point?

The problems of Baltimore's inner city can't be separated from the negative economic aspects of globalization over the past forty years.

I can certainly agree with that. IMHO, nothing has hurt low income workers in the US more than globalization. Putting American workers in direct completion with foreign workers making $2/hr was really dumb.

In 1992, presidential candidate Ross Perot said, " We have got to stop sending jobs overseas. It's pretty simple: If you're paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor,...have no health care costs— have no environmental controls, no pollution controls and no retirement, and you don't care about anything but making money, there will be a giant sucking sound going south."

Of course.
I was and still am opposed to these free trade agreements.
The original intent of these do-gooders was that trade with poor nations woudl lift those nation's people out of poverty.
It never works that way.
Each and every time government does these works, it is not the bottom that is lifted upward, it is those at the top who are punished.
"A rising tide lifts all boats" applies to watercraft. it has the opposite effect on economy and economics.
A wealthier nation cannot trade with a poorer nation on an even playing field because the wealthier nation always ends up taking it in the shorts.

 

[georgephillip]

I can certainly agree with that. IMHO, nothing has hurt low income workers in the US more than globalization. Putting American workers in direct completion with foreign workers making $2/hr was really dumb

I've heard German capitalists felt the same incentives to move their "factories" in the 1990s, BUT the German labor unions had voting members sitting on the board of directors of the corporations they sold their labor to and rejected the plan.

Could it happen here?