First, I wish to apologize to my faithful and loyal readers on RedBlueChristian.com for my absence. As will be obvious in this particular post, my mind has been elsewhere.
Second, there is a possibility that this will be perceived as a rant; it is not meant to be. But it is written out of frustration and frustration sometimes leads to ranting and raving.
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I was going to write the essentials of this piece last week but I was angry at the world and thought better of it. But perhaps I should be angry.
Last year, Freddie Mac paid Chairman and Chief Executive Richard Syron nearly $19.8 million in compensation even though the mortgage company’s stock lost half its value. During the same period, Fannie Mae President and Chief Executive Daniel Mudd got compensation valued by the company at $12.2 million, including a $2.2 million bonus. If I understand the recent mortgage bailout plan, then much of the money that is coming out of that plan is going to these two organizations. Okay, they are losing money and perhaps they need government help but why are they paying over $10 million dollars to two individuals?? What exactly do they do that justifies such income??
If they are receiving that sort of income, what type of income should the people who taught them in high school and college be receiving? (Wouldn’t it be a nice idea of schools gave bonuses to the faculty whose students received awards like Nobel Prize, the Pulitzer Prize, or any of the other major awards that are part of our lives?)
And it isn’t just these two individuals. The guys who ran Enron into the ground were getting major league bonuses and selling off their stock while hiding the truth from the workers and preventing them from getting out when the getting was good. Where is the justice in that?
It has been stated and it continues to be the truth that the gap between the rich and the poor is growing. My wife firmly believes that the middle class is dying and that we are on our way to a two-class society (essentially those with and those without). Every indication says that is true.
But, what I see must only be an illusion or some figment of a bad dream (does this mean that when I wake up, Victoria Principal will be coming out of the shower?). The economy is in a bad shape and those who are running this country (businessman and politicians alike) either don’t understand that or don’t want to believe it.
If we are to believe the economists and other "learned" souls, we are not in a recession. As of July 31st, the economy, as measured by gross domestic product, grew by 1.9 percent in the second quarter of this year. That’s nothing to write home about, but it’s not to be despised either. A recession is defined as two consecutive quarters of negative economic growth. We’ve had two consecutive quarters of positive growth, gross domestic product having increased by 0.9 percent in the first quarter. So therefore we are not in a recession.
But that doesn’t explain the rise in gasoline prices, the rise in food prices, and the turbulence and turmoil in the housing market. It doesn’t explain that many food banks are strapped right now and the number of people coming to them for assistance is increasing every week. At my home church, we are getting anywhere from 10 - 15 new applicants every week.
Whether or not we are in a real recession or a "mental" recession, as a noted Texas economist recently announced, is inconsequential; for many people, these times aren’t a recession, they are a nightmare!
I am one of those who is living that nightmare. I have been fully unemployed for 15 months now and just began to receive supplementary unemployment benefits after not having any since March. I received some income from an adjunct teaching position last summer and hopefully will be getting some this fall as well. I haven’t been sitting back expected someone to call me with a job offer; I have been looking but with limited results.
First, many companies today tell you to file your application on-line and then you never hear anything (one person told me that he did hear something but it was a year after he had submitted the original application and now the company wanted to know if he was still interested and, if so, would he resubmit his information). Most companies today do not tell you that they have hired someone and that you are no longer being considered.
I did have one job interview but after making it through all the hoops, the organization decided to kill the search and start over. They apparently were not satisfied that any of the finalists (myself included) had the same vision of the organization as they did, which was an increased on-line presence. I saw where they wanted to go and I thought it was possible but I also saw several problems that they hadn’t consider; I concluded that they didn’t want to hear the bad news that comes from adapting technology to traditional approaches.
Another organization, after telling me they would keep me informed, didn’t bother; when I asked, I was told that I wasn’t considered a good fit. I may have been too old for them (but that is almost impossible to prove these days) or they were uncomfortable with my being both a chemist and a minister. I can’t prove either, so I move on.
I know of two other searches in which I am still being considered but they have changed the parameters of the search and any results will not come about until January at the latest (and then there is the likelihood that if I am not selected for an interview then I will never know the outcome).
My lack of employment has had the expected results on my income and the lack of income has had its affects on my mortgage and other bill. Please don’t tell me that there is hope for me in the recent legislation that was passed and signed into law. The law that President Bush signed a week or so ago won’t take effect until October. There is existing legislation in place but it requires the lenders to act and the lenders don’t want to act. I have a potential solution to this problem but it requires money up front and we don’t have the money.
And as a warning, if you get behind in your bills, especially your loans and credit cards, expect your creditors to call you at least three times a day. The calls will be computer generated and even be linked to a call center in India. If you have caller id, the display will read "unavailable" or "unknown". And there is not one thing you can do about it except pay your bill, even if you don’t have the money. The law that prevents telemarketers from calling you doesn’t apply in this case. And the people who call you really don’t care what your situation is, they want their money and they will keep calling until you give it to them.
I never expected that I would be fabulously wealthy; I never expected to even be wealthy. I expected that I would have a certain degree of debt. It is a part of life. But I thought that I would have a reasonable job,I would do what I like doing, I would receive suitable compensation for my efforts and I could pay my bills.
I thought that having a Ph. D. would mean something. Right now, all it means is that I have another bill to pay and creditors telling me that I have to pay it before I may anything else.
Through my words, my thoughts, and my deeds I have sought to make this world a better place. Right now, I am not sure if that is enough.
I entitled this little piece "Economics 101". The basics of economics should be that no one should suffer, no should be hurt. As I have written before, John Wesley didn’t mind it if you earned a lot of money. In fact, he encouraged it!! Earn all you could, he said. But he also said don’t do it on the backs of others. And he also encouraged each of us save all that you can and then give all you can.
It would appear that some of us are earning all that we can but the rest of the story is missing.
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Cross-posted to Thoughts From The Heart On The Left
Posted at 7:49 am by Tony Mitchell (Permalink)


This doesn’t surprise me with the radical positions Senator Barack Obama holds evangelicals are still left with a clear choice. I myself haven’t endorsed McCain, but unless there was a viable third party candidate who could win I don’t feel I have any choice but to vote for him. I’m sure Dobson and many evangelical leaders for whom life and family are still primary concerns it is time to look pragmatically at the General Election. During the primary elections we fight for principles, but while there is still clear choice between the policies of a center-right McCain and the policies of a far left Obama - one has to be pragmatic.