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Archive for March, 2020

Donald Trump proclaimed at a campaign rally in Wisconsin in November 2015 that, THE AMERICAN DREAM IS DEAD.” Some areas of the nation, particularly in the south, would find it difficult to argue with that assertion.

Of 50 American counties where the “American Dream” is said to be dead, 36 (72 percent) are located in the Deep South, according to 24/7 Wall Street, the survey company that tracks statistics on poverty, obesity, health, corruption, and myriad other subjects.

Three of those are in Louisiana, including Orleans Parish, rated the sixth most hopeless place to live in the U.S., East Baton Rouge Parish (44th worst), and East Carroll Parish 35th worst).

But Louisiana fared well compared to Mississippi with 13 counties, Georgia with seven, and North Carolina with five. Combined, the three states accounted for half of American counties where hopes of a better life have been all but extinguished by crushing poverty, unemployment and lagging earnings.

To identify the counties where the American dream is dead, 24/7 Wall Street reviewed the effect on household income earned in adulthood for every year of childhood spent in nearly 3,000 U.S. counties and county equivalents.

Population figures, poverty rates, educational attainment, income inequality for each county came from the U.S. Census Bureau’s 2018 American Community Survey and are 5-year averages.

“The American Dream is the idea that through sacrifice and hard work, a person from any background can attain success — typically characterized by upward economic mobility,” the report said. “While millions of Americans are a living testimony that the American Dream is still alive, there are parts of the country that tell a very different story.

“Conceptually, the American Dream is based on the assumption that success depends on one’s choices. However, broader conditions related to the community and environment — particularly during one’s childhood — can also play a considerable role.

A 26-year-old who grew up in a low-income household in one of these counties earns an annual income of anywhere from $201 to $484 less for each year of childhood spent there than the national income per capita among 26-year-olds. Depending on how many years and the average annual loss, this can amount to thousands of dollars in lost income every year.

Statistically, the worst county in America was Oglala Lakota County, South Dakota where the average annual income loss per year of childhood residence was $484, where per capita household income was $13,647, where the poverty was a staggering 49.3 percent the unemployment rate for December 2019 was 10.0 percent.

Orleans Parish, by comparison, had an average income loss per year of $276, a per capita household income of $31,246, a poverty rate of 24.6 percent and an unemployment rate of 4.8 percent.

For East Baton Rouge Parish, the average annual income loss per year was $203 while the per capita household income was $35,064. The EBR poverty rate is 18.3 percent and the unemployment rate in December was 4.4 percent.

It’s uncertain how East Carroll Parish ranked 35th worst in the country to Orleans Parish’s 6th worst ranking. The only statistic that was worse than Orleans was the average income loss per year of childhood residence ($210). Otherwise, the house per capita income of $18,062, the 48.6 percent poverty rate and the 11.7 percent unemployment rate were all considerably worse than Orleans.

East Carroll also is one of the worst, statistically speaking, for the percentage of children living with single parents (73.3 percent, compared the national share of 33.0 percent).

Mississippi counties and their rankings included Grenada County (31st worst), Washington County (28th), Oktibbeha County (26th), Bolivar County (25th), Sunflower County (24th), Tallahatchie County (22nd), Hinds County (17th), Leflore County (16th), Claiborne County (13th), Tunica County (10th), and Humphreys County (9th worst).

 

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“I really believe I’d run in there, even if I didn’t have a weapon.”

—Donald Trump, describing how he would take heroic action if he was on the scene of a school mass shooting.

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“I don’t want to use the B-word. If what the airline industry says is true, then Congress really will have little choice to act or face a significant extinction moment for the airline industry.”

—Trump administration official, on March 12, apparently not realizing that bailout of the airline industry, hurt by the coronavirus spread (with apologies to Kris Kristofferson), is just another word for socialism.

 

 “At a time when we need to be moving away from fossil fuels, federal resources should be going to renewables and efficiency, not propping up drilling. This is socialism for the fossil fuel industry.”

—Michael Gerrard, of the Columbia University Law School, on March 12, on Donald Trump’s desire to bail out oil and gas producers from falling oil prices.

 

“If you do it for some, then how could you not do it for everyone?”

—Heritage Foundation visiting fellow and informal economic adviser to the 2016 Trump campaign, on March 12, in noting a broader bailout would be tantamount to more widespread socialism.

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“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public. Nothing but the truth should be spoken about him or anyone else. But it is even more important to tell the truth, pleasant or unpleasant, about him than about anyone else.”

—Theodore Roosevelt.

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“With the tremendous progress we have made over the past three years, America is now energy independent.”

–Donald Trump, falsely boasting of America’s energy independence. [The U.S. continues to import energy. In 2018, the U.S. imported about 9.94 million barrels per day of petroleum from nearly 90 countries, according to an Energy Information Agency report, with 43 percent coming from Canada and 16 percent from Persian Gulf countries.]

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