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5/22/2012 7:40 AM
Making the Entire Chain Strong
By Charles Payne, CEO & Principal Analyst
I was on the board of a Charter school in the Bronx and volunteered to make the school's brochure, which would serve the dual purpose of appealing to the neighborhood and potential donors. I was very proud of the piece and asked other members of the board for feedback. One member, a professor at a New York University made an observation about a bunch of quotes on education. She asked if I could put in more quotes by minorities. She went on to suggest Nelson Mandela and as she was making her point it hit me—in his country Mandela is the majority. Did this term shift from a numeric meaning to something else?
I thought about that scene last week when it was announced that of all children one year old and younger, 50.4% are minorities.
While there are several narratives about this, I hardly heard anyone talk about the economic implications. The fact is the news should have sparked calls to unleash greatness among these would-be minorities. Instead, the powers that be still kind of treat this situation like Ralph Ellison's "The Invisible Man" published in 1952. The challenges and implications to the nation can be swept under the rug but are anything but invisible. Yet both political parties treat the situation with kid-gloves and apathy. On one hand is the notion of giving hand outs and placating, on the other hand is the notion of complete indifference.
In both cases, there must be greater demand for excellence.
Of course when the left says requirements to have identification are racist, we are dealing with the highest form of coddling imaginable. It's not unlike trying to make Ebonics an official language rather than insisting every American master English (at least our version of English). On the flip side, when Republicans argue against spending $1.5 billion for summer jobs and in the same breathe explain why trillions of dollars have to be spent to promote democracy and capitalism in foreign nations. It's time to drop the politically correct premise and understand it's time to demand more from everyone.
It's about more than money, especially welfare, but laptops in schools would be great. On that note, I would block certain websites because I don't think it's fair or smart to take taxpayer money to give people access to www.youtube.com all day. There has to be more accountability from parents and teachers and the students themselves. Instill pride, and remove woe-is-me by focusing on the past, but mostly on the future. Promote patriotism rather than anti-American programs and attitudes. And demand people do great and not let anyone give a half hearted effort because their great-great-great grandfather was a slave or their mother died while the family entered the nation.
There are a lot of narratives in the population story but there is also a clarion call that too many are afraid to scream or hear. It's time for government to stop promoting food stamps and start promoting business, engineering, and IT degrees. And it's time for so-called civil rights organizations to stop promoting victimization and look to the great promise of America. Summer jobs are a drop in the bucket against a backdrop of stupid spending-it can be a legit investment if coupled with education on how to handle money and a sense the program isn't owed to anyone but a great idea to help everyone.
Part of the decline of Western Europe and Japan is the fact their population is old and birth rates are low. It means they will depend on immigrants that in some cases refuse to assimilate or hold grudges and are still treated like second class citizens (see Japan). I checked the census for New Amsterdam and the thing is America has worked as a melting pot from the beginning, although there have been very painful periods.
It matters because the majority will still be the majority and will have to carry the heavy load of helping America remain the number one nation in the world.
It's time for everyone to step up to the plate and live up to individual potential because that's how the nation gets stronger and stays number one. This is a huge economic story.
At least we got a dead cat bounce, and take my word for it, going into the weekend that wasn't a guarantee. Moreover, to see the market up as the Facebook meltdown continued was even more impressive. Yesterday was the best day of the year for the NASDAQ, led by Apple and other fan favorites that struggled in the vacuum of the Facebook hype. But a dead cat bounce is easy. The market needs to follow through today with something positive. By the way, I do find it interesting that while we are seeking growth through external demand (sort of ceding there is no clue how to spark domestic demand), America's two largest rivals are looking to stoke their domestic economies.
China announced it would provide some stimulus and focus on its domestic economy and Germany is ready to dance with inflation in its bid to reward its workers.
In Germany, the largest and most powerful union won a 4.3% wage increase over the next 13 months, the biggest increase since 1992. Coupled with a public sector wage increase of 6.3% and cabinet member hike of 5.7%, Germans are being rewarded for success. I'm not an advocate for dishing out goodies to union workers as a perk of the ruling class, but I think in Germany it goes beyond politics. The fact is in America we are pushing policies that reward people for not working while punishing people that attain a certain degree of success. Our stimulus plan was a payoff to unions. Now we need a payoff to the rest of the nation.
In order to make that happen, we must unlock the potential of the market.
|You ask what are the challenges to our changing demographics....and I wonder, is it at all possible in my lifetime to change perspective and assimilate all of these "demographics" into one America?...why do we have to identify races when we are all equal under the Constitution?...our needs as a Nation should be the same for all people, all people treated with the same respect, equality and freedom as designed by our forefathers...too easy to comprehend? or too difficult to employ?...|
Gary Jugenheimer on 5/22/2012 9:57:55 AM
|Charles love your prospective on America. So when are you running for President?|
Anyway, I think you hit the nail on the head when you said its time to stop all this anti-American stuff and just because your family member was a slave or forced to due manual labor because they could not speak English is no excuse in 2012. We need strong Patriotism otherwise I'm afraid we will become the Roman Empire and there is no reason we should due that.
Thanks for reading.
Love your articles
Scott on 5/22/2012 10:17:52 AM
|People who choose to move to America should have to adapt to America's core beliefs, language, laws, etc. Not the other way around.|
Tamara on 5/22/2012 10:18:30 AM
|Mastery of the language, our history and our civics. The essence of citizenship is culture - shared values and experiences.|
kevin kehoe on 5/22/2012 10:21:35 AM
|There are 2 demographic changes to consider - the changing balance of so-called "minorities" vs. caucasians, and the changing focus of the baby-boomers. Of the two, the baby-boomer change is most significant. Boomers are not retiring in droves as was expected as recently as 10 years ago. The recession has decimated so many retirement funds that they (we, since I'm one of them) can't afford to quit working. That means they won't be leaving to make room for younger workers, who will have an increasingly difficult time finding work. And minority youth will be the worst hit, since they tend to be the poorest and the worst educated. That means education in growth fields will be absolutely essential for anyone who wants a job in a stagnant job pool. Computers, communications, automation, robotics, health care (somebody's gotta take care of us old people), energy (both green and petroleum-based), will see huge growth. Education is currently in enormous flux, with major universities like Harvard and MIT offering classes for free over the Internet, so education may become much cheaper and more accessible, and therefore demand for teachers, curriculum designers, and administrators may boom. As communications capabilites enable more targeted marketing, we'll see a jump in advertising and products specifically for the growing minority markets, especially since they tend to be younger and in their prime consuming years, as opposed to the boomers who will be cutting back on spending. Bottom line - people with the right education will flourish, no matter what their ethnicity. People without will suffer and will probably be worse off than their parents. This also means the government will take on a larger and larger role in providing aid to people who can't find work, so the government will be another growth industry.|
Art Fox on 5/22/2012 12:54:10 PM
|WE ARE A MELTING POT!|
My great grandmother was a Mexican and my father was Italian; I could pass for a hispanic other than having an Italian last name. My son in law's parents are of mixed hispanic descent; he speaks perfect spanish and his last name is Olivas but he is white with blue eyes. His best friend's father married a mexican woman but his father is Irish. George Zimmerman appears to be a hispanic but the media quickly discribed as a white man. Barack Obama appears to be a blackman but his mother was white. Elizabeth Warren feels she is a Cherokee Indian. It's time to listened to Sly Stone's song, Everyday People and get along.
Rich on 5/22/2012 12:59:01 PM
|Death of the West by Patrick J. Buchanan|
Jason on 5/22/2012 1:23:33 PM
|presidential elections with far reaching implications coming up this week in Egypt|
meyerhoff on 5/22/2012 1:23:40 PM
|Some of the worse examples of racist bigotry I've seen have been fear-fueled conflicts between different minority groups. The least assimilated, insular, provincial groups exhibit the most extreme intolerant incidents.|
Patricia Flynn on 5/22/2012 2:35:47 PM
|Charles, I cannot express how thankful I am that you spend so much of your effort in promoting the ethics and attitudes which made America great and can yet again. I pray that your message is echoed across this great land and its people weak up before it's too late. It is a shame that more people, blessed with a public voice don't use its power for the good of the nation and its people.|
Michael Dean Bloyd A.I.A. on 5/22/2012 2:40:41 PM
|Demographics, as they say, is destiny. No question about it. But there is also so much misinterpretation and misinformation going on that it isn't funny. Like the inflated numbers going around about the current crop of retirees. In fact, 15% of the Boomers will never make it to 65, and mortality is taking so many older folks that the myth that we are adding 10,000 retirees a day to Social Security is just that -- a myth. So is the idea that minorities are taking over. In NYC, the Black abortion rate is 60% and Black births are dropping by 46% every 20 years. There may never be another Black mayor of NY. Or an Hispanic one. Their abortion rate is 40% and their birth rate is steady, but not rising. The real growth is in the Asian/Indian population, and that's where the next "minority" mayor will come from. I could go on and on. The myths are endless, and unless we understand what's really happening, our forecasts could be disastrously wrong.|
Dennis Howard on 5/22/2012 6:10:59 PM
|Chas; biggest challenge is to change the entitlement mentality which pervades our under 40 crowd.|
Z on 5/22/2012 9:02:22 PM
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