Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie.

The fallacy of free trade (another reason to #occupywallstreet)

There is no doubt that trading across borders can have a positive impact on American jobs, but only if trade pacts are structured to support workers and consumers and not to create a race to the bottom of the wage barrel.

That’s why unions and much of the manufacturing sector are opposing new trade deals with Pacific Rim partners. The problem with the pacts, as critics point out, is that they are designed to allow companies to chase labor and have little to do with expanding markets.

The primary benefit of the deals, they say, is that corporations are able to produce goods more cheaply for consumption in the United States.

“We don’t have a free trade agreement with Great Britain, which could actually buy American products,” said Auggie Tantillo, executive director of the American Manufacturing Trade Action Coalition, which opposes the agreements. “Instead we have this penchant for doing free trade agreements with countries that are low-cost manufacturing centers. Why? Because multinational companies aren’t looking at this and saying, ‘It will be great to make things in Ohio and send it to South Korea.’ No, they’re looking at this and saying, ‘It will be great to make things in South Korea and send it to Ohio.’ ”

Making things in South Korea may make them cheaper, but it means fewer jobs here — and the ones that do remain end up paying less. That flies in the face of Henry Ford’s dictum that you have to pay your workers enough to allow them to buy your products.

The problem is that we have bought into the false notion that we can have truly free trade and that free trade implies a lifting of rules. The fact is, all trade pacts have positives and negatives — and even the freest of trade operates under specific rule sets. What we think of as free trade today is a pro-corporate construct that only considers cost. A different set of rules is possible that could prioritize sustainability, high-paying jobs, workplace safety, etc.

The trade issue, like so much of our economy, has been framed in such a way as to benefit the corporate classes and not the rest of us — which is just another reason the #occupywallstreet protests continue to grow

#OccupyWallStreet: Here’s as a good a reason to protest as any

From The Huffington Post:

While most Americans aren’t expecting their incomes to rise with the cost of living in the near future, more than 60 percent of Wall Street professionals say they anticipate their bonuses will be higher or the same as the bonus they earned in 2010, according to a recent survey.

Sixty-two percent of Wall Street workers said they’re expecting a bonus that’s in line with last year’s or higher, according to a survey from eFinancialCareers.com. And while still a firm majority, that’s down from last year, when 71 percent of survey respondents said they expected the same or higher bonus than what they received in 2009.

Send me an e-mail.
Read poetry at The Subterranean.
Certainties and Uncertainties a chapbook by Hank Kalet, will be published in November by Finishing Line Press. It can be ordered here.
Suburban Pastoral, a chapbook by Hank Kalet, available here.

The conservatives’ religious test

When Texas Pastor Robert Jeffress called Mormonism a cult during the recent Values Voters Summit, the media went crazy. The political classes went to town and Mormonism and evangelical Christians were under the microscope.

But the narrow focus on the cult comment meant that the media missed the larger issue — which is that Jeffress (and by extension, the larger conservative evangelical movement) believes that only Christians should be elected to the presidency.

“In a few months, when the smoke has cleared, those of us who are evangelical Christians are going to have a choice to make,” Jeffress said. “Do we want a candidate who is skilled in rhetoric, or one who is skilled in leadership? Do we want a candidate who is a conservative out of convenience, or one who is conservative out of deep conviction? Do we want a candidate who is a good moral person, or do we want a candidate who is a born-again follower of the Lord Jesus Christ?”

Perry, arriving on stage after Jeffress’ introduction, said the pastor had “hit it out of the park.”

In remarks to reporters after Perry’s speech, Jeffress called the Mormon church “a cult,” according to another reporter who was present.

Jeffress has made similar comments in the past.

“I believe we should always support a Christian over a non-Christian,” Jeffress said in 2008. “The value of electing a Christian goes beyond public policies. … Christians are uniquely favored by God, [while] Mormons, Hindus and Muslims worship a false god. The eternal consequences outweigh political ones. It is worse to legitimize a faith that would lead people to a separation from God.”

The Perry campaign responded by saying Mormonism was not a cult and other major Republican candidates — Herman Cain, Michelle Bachman — have refused to weigh in on the question.

Mormonism, as I said, is not the issue here. What is the issue is Jeffress’ assertion that non-Christians should not be considered for public office — a point none of the candidates has been asked to comment on. As far as Jeffress is concerned,

Such a belief should be anathema in a nation that protects the rights of its citizens to worship — or not — as they like that has explicitly avoided any religious test or oath for office-holders. Every candidate should be asked where they stand on this.

Send me an e-mail.
Read poetry at The Subterranean.
Certainties and Uncertainties a chapbook by Hank Kalet, will be published in November by Finishing Line Press. It can be ordered here.
Suburban Pastoral, a chapbook by Hank Kalet, available here.

#OccupyWallStreet: The Times gets it — a surprise

The New York Times has weighed in on the protests in lower Manhattan and its verdict is a bit of a surprise, given that much of the media coverage has been pretty dismissive until now.

The message — and the solutions — should be obvious to anyone who has been paying attention since the economy went into a recession that continues to sock the middle class while the rich have recovered and prospered. The problem is that no one in Washington has been listening.

At this point, protest is the message: income inequality is grinding down that middle class, increasing the ranks of the poor, and threatening to create a permanent underclass of able, willing but jobless people.

While the protest was triggered by college-age men and women, it is “more than a youth uprising.”

The protesters’ own problems are only one illustration of the ways in which the economy is not working for most Americans. They are exactly right when they say that the financial sector, with regulators and elected officials in collusion, inflated and profited from a credit bubble that burst, costing millions of Americans their jobs, incomes, savings and home equity. As the bad times have endured, Americans have also lost their belief in redress and recovery.

The initial outrage has been compounded by bailouts and by elected officials’ hunger for campaign cash from Wall Street, a toxic combination that has reaffirmed the economic and political power of banks and bankers, while ordinary Americans suffer.

It is an analysis the left has been making since before the crash of 2008 and the failed bailouts of American industry. The restructuring of the American economy over the last 40-plus years — the move away from manufacturing to finance — has meant that the economy no longer supports the working and middle classes. Wage-earners have no place in an economy built on speculation, which uses money as raw material to make more money without leaving anything of value behind.

It leads to a redistribution of wealth — but not one that aids the poor. It pushes money upward, into the hands of those who already have it, stagnating wages and leaving the poor with few options and no safety net.

Think about it: The economy, by traditional measures, is stalled and yet we have witnessed record corporate profits. Unemployment — both the official number and the broader measures designed to describe the real employment situation — remains at numbers not seen since the early 1980s. We are laying off teachers and police officers, allowing our school buildings, bridges and roads to decay, but we are not willing to bump up tax rates for the rich to Clinton-era rates — which were not exactly onerous.

How has this happened? First, we are the victims of a corporate coup. Corporations control our lawmakers and run our government.

Second, we have stayed silent. The left, in particular, has allowed itself to be co-opted by the Democratic Party, silenced by a fear that breaking ranks with the Democrats will create an opening for a Republican victory at the polls.

In practical terms, this has been a disaster. President Barack Obama, called a socialist by the know-nothing right, has repaid support from his left flank with derision and triangulation, following in the footsteps of Bill Clinton.

So the protests stand as the best news on the political front in years — a chance for the left to separate itself from the Democrats and stake out their own responses to the shifting economic sands on which we are forced to rebuild.

Send me an e-mail.
Read poetry at The Subterranean.
Certainties and Uncertainties a chapbook by Hank Kalet, will be published in November by Finishing Line Press. It can be ordered here.
Suburban Pastoral, a chapbook by Hank Kalet, available here.

Sputter, cough, stall — welcome to the new economy

The Huffington Post headline from earlier today pretty much says it all:

Stuck in the Mud

The headline, since replaced, neatly sums up the fate of the American economy as we steam toward the end of 2011 and full-bore into a presidential election year. The numbers back this up. As The Huffington Post reports,

The U.S. economy added 103,000 jobs in September, while the unemployment rate held steady at 9.1 percent, according to new data from the Bureau of Labor Statistics. The numbers beat economists’ expectations but barely keep pace with population growth, reinforcing the growing fear among many that the labor market recovery is dead in the water.

“We are still making no progress on a recovery that’s going to bring people back to work,” said Harvard economist Lawrence Katz. “What I see is an economy that can’t create enough opportunity to do more than just absorb the new population. Which is not much of a feat.”

A chunk of today’s headline number is attributed to the 45,000 striking Verizon workers who were not counted in last month’s report and are now back to work. The report revised the number of new jobs added in July and August upward, but the average over the last four months was still a paltry 64,000 new positions — well below the 100,000 to 150,000 jobs that economists generally believe are needed to account for population growth and lower than the average of the prior 14 months of job creation.

Meanwhile, the share of the unemployed who have been out of work for six months or longer crept up to 44.6 percent from 42.9 percent, as the number of long-term jobless increased from roughly 6 million to 6.2 million — up from a year ago. More than 2 million of those Americans have been out of a job for more than 99 weeks. Another grim detail: The number of Americans working part-time because they have been unable to find full-time work increased by 444,000 to nearly 9.3 million.

The nicest thing we can say is that the economy is stagnant. There is no growth, nothing that offers any sense of optimism in the economy. That is why the protests on Wall Street are spreading.

Send me an e-mail.
Read poetry at The Subterranean.
Certainties and Uncertainties a chapbook by Hank Kalet, will be published in November by Finishing Line Press. It can be ordered here.
Suburban Pastoral, a chapbook by Hank Kalet, available here.