May 24, 2013
Tag Archives: economoy

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Latinos Are Optimistic, Despite Tough Economic Times

Despite being hard hit by the recent recession, a recent poll reported that 65 percent of Latinos believe the next generation will be better off than they are.

When it comes to median household wealth, the Fox News Latino poll showed that Latinos have seen the largest drop by any other group in the nation from 2005 through 2009. Additionally, Latinos have seen the largest increase in the poverty rate from 20.6% to 26.6%.

“Generally we always think that if your pocket book is hurt, you are going to punish the incumbent party,” said Todd Shields, Director of the Blair Center and Dean of the University of Arkansas Graduate School.

According to the same poll, which surveyed likely Latino voters, 58% of Latinos approve of the way Obama is handling the economy. They also favor President Barack Obama six-to-one over any of the Republican presidential candidates.

“It’s surprising to see this kind of optimism. These people are worse off, but they are still more positive about where the country is going,” Shields said. “It’s tough to turn that into a vote against the incumbent party.”

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[Photo By o5com]

News Taco To Go: Gas, Spending, Ex-Cons, Egypt And Budget

$4 a gallon gas is set to hit most states as the usual summer gas price hikes meet $100 a barrel oil.

Meanwhile, consumer spending rose .4% in March, but most of that went to gas.

40% of ex-cons go back to jail within 3 years, according to a study from the Pew Center on the States.

Former Egyptian President Hosni Mubarak and two of his sons are being detained by the new Egyptian government for 15 days pending an investigation.

President Barack Obama has taken a cue from Republicans and is now trying to get tough on cutting the budget, outlining his plan in a speech today.

[Photo By basykes]

Rick Perry And The GOP Destroying Schools For Latino Kids

Texas Governor Rick Perry met last week with GOP leaders of the state to urge them, again, to not raid the state’s $9 billion rainy day fund to stem the bleeding of the state’s $27 billion budget shortfall. The governor urged them, instead, to raid the monies in school district and university rainy day funds. That’s right, let the children pay for it.

In essence, what Perry and his fellow Republicans are proposing would devastate the future of Latinos in Texas — but given the boom in that population here — the entire state of Texas will lose out if Perry’s plan comes to fruition. Now that the majority, two-thirds, of Texas school children are not white, the Republican machine no longer sees fit to care for these institutions. Even sacred cows like UT-Austin and Texas A&M — where the majority of lawmakers and their children were educated — are at risk now that they’re filled with Latino students.

The Texas Democratic Campaign Committee, terribly outnumbered by the Republicans, released a radio ad outlining the dire consequences for Latinos and all Texans with the GOP-proposed budget cuts. They’re trying to change the conversation to focus on education for reasons other than to cut money from the budget.

If one were a conspiracy theorist, one could argue that Rick Perry and his GOP cronies that created this budget disaster in the first place, were waiting all along to be able to destroy these public educational institutions with the plan of allowing their business buddies to swoop in at the last minute and save us all with the private sector. Of course, history has shown us that replacing public services with private ones usually ends up costing taxpayers more money, but at least Perry and his friends would make a handsome profit.

What’s going to happen instead of using the $9 billion in the state’s rainy day fund to transform a $27 billion deficit into a $18 billion deficit, is that 100,000 teachers will lose their jobs, four community colleges will close and generally young people, old people and poor people will bear the brunt of the consequences of so much “fiscal conservatism.”

Nevermind that none of them helped to create this mess in the first place.

The protest Saturday at the State Capitol in Austin proves that there are thousands and thousands of Texans willing to fight for our state’s future. What’s unfortunate is that Perry and the GOP are all too willing to wash their hands of the mess they created, pass the buck to our children, and practically guarantee that the future of this state will be more bleak than it was when they came to power.

Follow Sara Inés Calderón on Twitter @SaraChicaD

[Photo By Mr. Conguito]