(ThyBlackMan.com) James Carville, who is renowned for being former President Clinton’s political strategist and now a lobbyist and political analyst has been quoted in several news publications as saying, “Mr. Obama needs to fire somebody or assemble a new team of advisors.” Carville made these statements as the President got the lowest approval numbers of his Presidency. Based on a CBS News/New York Times newspaper poll on the CBS Evening News recently, only 43% of Americans think he is doing a good job on the economy. Mr. Axlerod, the advisor to Mr. Obama, felt the need to address Mr. Carville by saying in the Washington Post newspapers recently, “Mr. Obama is well positioned at this time, and once the Republican nominee is identified, he will fare better.”
Why should we as African Americans be concerned about the Dow Jones Industrial Average falling precipitously? It is investors voting with their hard 
earned money on the viability of the American Jobs Act and its chances of passing Congress. It is investors turning thumbs down on the yippy argument of rich vs. poor as a means to lower the unemployment rate and bring some sanity back to the economy. It is investors saying we may be headed for another and perhaps deeper recession. A recession means, what economic growth we have been experiencing will decrease. Thus the profits of businesses, large and small, will be squeezed because of the lack of demand for their products. This will precipitate even more layoffs increasing an already high unemployment rate. Need I remind you, the rate of Black male unemployment stands at 18%.
I am not projecting this decline in the Dow Jones Average to scare anyone. You see this is a real possibility because investors do not see a viable job creation plan on the table at this time. The various arguments and theories put forth by many writers here in this forum, and thank God for such a forum, are not exercises in intellectual gymnastics, but many are serious discourses about the prospects of this economy. Policies coming out of Washington D.C. or the lack of good policies coming out of Washington D.C. effect our well being. The current state of presidential politics would be of little concern to us as a people if we didnot have such a high rate of unemployment and were well positioned financially. We all know, a recession is not real until we ourselves find our income affected. Well get prepared because the recession maybe coming to a job where you are!
Then, what should the average person do to effect a change in the course of this dismal picture? Number one, start taking seriously the policies of the President by looking at the American Jobs Act carefully. It is on the web site of Obama for President. You should grade it yourself. If your conclusion is that it will not pass this Congress, you should ask yourself, what will the President present as an alternative. He should have an alternative position because if the American Jobs Act does not pass this Congress, we will be looking at months of high unemployment or maybe increasingly high unemployment. Secondly, you should, if you are employed and have a 401k or a saving plan reduce your exposure to stocks. Thirdly, you yourself should start writing policymakers or e-mailing them, asking what will happen to unemployment rates if the American Jobs Act is not passed or if Congress refuses to consider it.
You should also ask them, if they have a plan B? The Congressional Black Caucus, the NAACP and the Urban League, are organizations who had the President’s ear in fashioning the Jobs Act. Fourthly, and this is probably the boldest thing you could do, consider becoming a part of the answer by aligning yourself with groups like this web site. Consider helping to establish a forum in a brick and mortar building where competing ideas can be brought forth on the subject of Job Creation. Look, we the people have an obligation to step forth, and become our own advocates, when our political representatives fail us, and clearly they have by not doing something about these high unemployment rates.
This is what Martin Luther King, Malcolm X, Stokely Carmichael ( black power fame ) and Rap Brown did in the sixties and seventies. Now, guess what? It your time to act. There are Job Creation plans out here. It appears we the people have to act to bring them to the table and into the mainstream. Lastly, however, I should have put this action first. Please excuse me. You should pray!!!
Staff Writer; James Davis
More information about JD and his Deficit Neutral Stimulus Plan Can be founded at http://www.sslumpsum.com.
