Tag: economic collapse

The “G” Word

I live in a gentrified neighborhood.

At least that’s what I found out recently, when I spoke to a longtime area resident who informed me that “the damn hipsters came in and ruined everything.”

He didn’t consider me an invader, even though I moved into the neighborhood just two years ago. I presume my Latino status prevents me from being one of those evil hipsters (well, that and the fact that my iPod doesn’t have a single Belle & Sebastian song on it).

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Remember, Envy Is a Deadly Sin

“There’s class warfare, alright. But it’s my class, the rich class, that’s making war. And we’re winning.”

—Warren Buffett

Eat the rich!

—Aerosmith

In Manlio’s Argueta’s gripping novel, One Day of Life, soldiers of a repressive Central American government beat and abuse poor villagers. The peasants’ crime, as one militaristic thug puts it, is that “they don’t love the rich.”

It’s a rather harsh reaction to expressing displeasure with the ruling class. We haven’t come to that in the United States, at least not yet.

Still, the concept of class warfare, invoked primarily by right-wing politicians, holds that middle-class and poor people are simply jealous of rich individuals, or that they are being riled up to hate the wealthy.

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Climbing Out of the Hole

As of right now, America still has a functioning economy. We’re not sure if we can pay all our bills, of course, and maybe China will just take ownership soon and have a fire sale on things we never use, like national parks and the state of North Dakota.

But for now, we’re still standing. That fact means different things to different people, however.

For example, the gap between Hispanics and prosperity has rarely been so vast.

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Fortunate Son

You’ve heard of the luck of the Irish. So what is the luck of the Hispanic?

Personally, I think the Latino propensity for serendipity is symbolized by Hugo Reyes, also known as Hurley, from the show Lost.

Despite being a fun-loving, friendly Latino, Hurley kept seeing everybody around him get killed in some random or grisly manner. He constantly bemoaned the fact that he was cursed.

Certainly, many Americans relate to Hurley. For the last decade or so, we’ve all felt jinxed. It’s been a nonstop joyride of economic turmoil, endless war, terrorist threats, and political chaos.

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You Can’t Kill Optimism

With hope, this is the last post I will write about the Great Recession. Like every American, I cannot say goodbye and good riddance quickly enough to this horrific period of economic malaise.

By the way, is the word “malaise” ever used in any context other than economic? But I digress.

The past few years have been, to use sophisticated analytical terms, a total financial clusterfuck. And yes, Latinos were hit harder than most.

I’ve written before about the sky-high unemployment rate among Hispanics and plummeting rates of remittances to Latin America and general economic depression in the Hispanic community. To put a capstone on these stats, the National Hispana Leadership Institute released a study showing how sucky it is to be Latino right now, particularly if you’re older. The study was undertaken with AARP, so it looked at Latinos age forty-five or older.

What they found was that Hispanics in this age group were twice as likely to lose their jobs as the general population was. Latinos were also more likely to suffer a decrease in earnings. In addition, almost half of Hispanics had trouble paying for the bare essentials, and over one-third cut back on basic medications. Finally, about twenty percent lost their health insurance (I’m sure the rates are much lower among Tea Baggers).

With stats like that, it would be understandable if we Hispanics curled up in a corner, sucking our thumbs and trying vainly to think happy thoughts. But we’re talking about people who routinely ditch old lives for a shot at a better future.

So perhaps we shouldn’t be surprised that Latinos have shown resiliency during this nightmarish time. The report points out that Hispanics were more likely than the general population to look for new jobs, to seek advanced training, and to work toward keeping their skills up to date.

Most interestingly, Hispanics were twice as likely as the general population to start their own businesses. Yes, even in a disastrous era, Latinos were among the first to take a chance on making things better.

I can’t say that happy endings are in store for all those Hispanics who got through this mess. But again, I hope that I never have to return to the topic of how terrible things once were.


Two for Two

I’m going to take a break from obsessing about myself (see my earlier posts) to look at the outside world. Two recent developments have proven that the Obama administration is serious about Latino issues. I never doubted the president’s sincerity or commitment, but I had gone on record as saying that Hispanic concerns would take a backseat in the early days of his administration.

I may – and this is as disturbing for me to write as it is for you to read – have been wrong. Furthermore, the president’s recent decisions have implications far beyond the interests of the Hispanic community. They potentially reveal the man for who he is and give some insight into what kind of leader he will be.

First, there is the news that Obama will press for immigration reform this year, which would fulfill a promise he made while campaigning for (and overwhelmingly winning) Hispanic votes. The president’s plan is vague at this point, and it reportedly involves the usual goals of increasing border security and convincing Mexico to hold on to their own people. The big-ticket item, of course, is the proposal to give the 12 million immigrants who already live in America some pathway to citizenship.

Yes, it’s the return of the dreaded “amnesty” provision.

I have, along with every other Latino writer, discussed this topic before, so I won’t rehash the arguments in depth. Suffice to say that conservatives believe that legalizing these workers is a slap in the face of law and order, and a surefire path to economic collapse.

The fairness issue can be debated, although let’s be blunt in pointing out that many of the people screaming about justice are actually just pissed that they had to endure overhearing Spanish in the grocery store. There’s nothing principled about their fear or hatred.

As for economic issues, I have a hard time understanding how more American jobs are going to be lost to people who supposedly have already stolen them. In fact, as columnist Ruben Navarrette has stated, a case could be made that “to help U.S. workers, we need to get the illegal immigrants legal and force employers to pay all workers higher wages and stop playing one group of workers off another.”

In any case, GOP members are hardly the people to lecture anyone on what’s good for the economy… I will refrain from additional cheap shots.

The second announcement from the Obama administration that got my attention was about Cuba. The president intends to make it easier for Cuban Americans to travel to the island and to send remittances. This decision – announced during what was apparently the first bilingual White House press conference – is a welcome first step in ending the arbitrary and counterproductive policy we’ve long held toward that country.

As usual, right-wingers are screaming about going soft on communism, as if our approach had done anything to bring democracy to Cuba. After all, it’s been a half-century or so; when can we expect to see results?

In addition, it wasn’t like the travel restrictions made any sense. Under the guise of getting tough on Castro, immigrants who live in Florida could rarely, if ever, visit their families. But over the years, multiple delegations of governors, members of Congress, and businesspeople were routinely allowed to land on the island. They would talk about trade issues with Cuban officials, all while saying, “We don’t officially recognize you, now please pass some of that kick-ass rum you guys make.” Basically, as long as the potential to make money was involved, we put a hold on our principled stand against oppression.

Obama’s decision will, in all likelihood, make it easier for immigrants to see their families, and perhaps it will be a catalyst for much-needed change. After all, a massive 71 percent of Americans support normalizing relations with Cuba. It’s difficult to get that many Americans to agree about anything, except maybe that Scrubs is long past being funny.

Perhaps the change is due to a lot of younger Americans wondering why we have normal relations with Vietnam, where 50,000 of our soldiers died, while we continue some absurd policy toward a tiny island run by a faded revolutionary on the verge of death. Maybe we’re finally ready to drop all the Cold War posturing.

Regardless of how these two proposals turn out, it is reassuring that Obama hasn’t forgotten how millions of Latinos set high expectations for his administration. Furthermore, it’s now clear that he didn’t just toss around promises like confetti in the hopes of garnering votes. The president is tackling controversial issues when he has more than enough drama to occupy him.

Few would criticize Obama if he took a temporary pass on hot-button social problems to focus on minor inconveniences (such as a faltering economy or a couple of wars). Indeed, many commentators expected him to do just that, and Republicans are delighted to lambast him for “trying to do too much,” especially when his decisions supposedly affect a small percentage of Americans.

But this is the crucial point. Obama can apparently see how disparate problems – such as immigration reform – tie into larger issues, like how our economy functions. It’s promising that he understands that concepts interlock and feed off one another, and necessitate a big-picture approach. He is thus far removed from someone who skips the analysis and goes with his gut (a “decider,” if you will). A person like that usually obsesses on a few basic agenda items, then becomes flummoxed when myriad “unforeseen” disasters occur and snowball. With hope, that will not happen to Obama.

In addition, and perhaps more important, these recent developments indicate that Obama is willing to fight, even when it would be politically easier to skip the tough battles. If that’s true, these decisions are not about kissing up to a key constituency. They are about improving a tattered nation.

And that, of course, is good news for the entire country.


Not That I’m Bitter or Anything

First, thanks to Profe for his supportive comments on my last post. Second, thanks to my old friend, the Bitca (!), for springing up on the blog and reminding me why I love her. But for the record, Ms. Bitca, I don’t drink screwdrivers. I find them a bit girly.

Nevertheless, drinking heavily is well within my right. As I wrote in that post, I was recently laid off from my job of six years. It’s disgruntling to go from analyzing the plight of unemployed Latinos to becoming part of the story.

Again, I’m not worried about the future or in dire financial straits, for which I’m grateful. But naturally, I want to get the unemployment monkey off my back, if for no other reason than I would like to continue affording luxuries like, say, food and shelter. But as you might expect with an overly analytical blogger with lots more free time, I’ve pinpointed an additional frustration with this mess.

As a first-generation Latino, I feel an irrational need to get back on the payroll quickly so I can resume being a role model for my community. In some sectors of Hispanic society, I can achieve this lofty status, whether I want it or not, simply by getting a good-paying job and staying out of jail. I am aware of the hopes of my brethren urging me on, pushing me toward success as defined by the majority culture. For lack of any other goal, I want to be an outstanding, nonsterotypical member of society, an upper-middle-class big deal.

This is just the latest example of how ethnic minorities perceive the world in subtly different ways than white people do. I’ve written about this before. We tend to pinpoint clichés (e.g., being unemployed) and recoil from them like vampires catching a glimpse of sunlight. White people, in contrast, likely have the freedom to obsess exclusively on their individual problems, taking the occasional break to get angry that they didn’t invent YouTube (actually, I share that annoyance).

It’s a tricky balancing act, however. Because once I get that respectable white-collar job, I still have to be careful not to morph into The Man. But that’s the subject of another post, and in any case, it certainly is not an immediate danger.

That’s because the road to prosperity is closed for repairs, at least temporarily. But, of course, I will eventually get back on it.


Guess Who Will Save Us Now

We’ve never been more obsessed with bottoming out.

Every day brings a fresh prayer that the economy has gotten has bad as its going to get – not only for this recession but for the rest of our lives – and a fervent, dry-mouthed wish that tomorrow will see prosperity’s inevitable return. But so far, all that praying has been as useful as a cowboy hat on a toad (as my father-in-law would say).

The gasping economy has hit Latinos particularly hard. Up until a few months ago, we Hispanics had been making great strides toward economic equality. The day when Latinos were no longer assumed to be members of the lower class was fast approaching. But then the chasm opened up on the capitalist freeway, and Latinos hit the brakes with both feet.

Currently, we’re more likely than any other group to lose our homes, and we’re more likely than most to be unemployed. Hispanic Business reports that “by the end of 2008 the general Hispanic jobless rate had spiked at 9.2 percent, almost 2 percent higher than the rate for the entire U.S. population.” The overall rate is now closing in on 9%, and one presumes that Latinos will continue to lead the dismal pack. Hispanic males, in particular, are stuck with an ungodly 11% unemployment rate.

Furthermore, the Pew Hispanic Center notes that “76% of Latinos, and 84% of foreign-born Latinos, say their current personal finances are in either fair or poor shape, while 63% of the general U.S. population says the same.”

So as bad as it is for America right now, it’s even worse for Latinos. And as I indicated in a previous post, there’s the extra indignity that Hispanics are subtly being blamed for this mess. 

Many discussions of the subprime mortgage fiasco – the catalyst for this chaos – include the insinuation that too many Hispanics bought too many houses that they couldn’t afford.

Of course, many Americans will be delighted that our anorexic economy has stemmed the flow of illegal immigrants. After all, given the choice between being poor in their native country or being poor in the United States, a lot of potential immigrants will skip the border crossing and opt for poverty at home. Hell, many immigrants are actually moving back, which might cause some conservatives to rejoice, even as a dark thought crosses the right-wing mind: The USA is simply not so attractive anymore. 

So is there any good news in this flood of pessimism? Well, some reports indicate that the group hitting bottom the quickest may be the very same one that jumpstarts the economy. Yes, Latinos are the potential salvation to this financial cataclysm.

A remarkably optimistic article from MSNBC claims that Hispanics “remain a thriving, even booming, market that’s expected to grow by 48 percent in the next four years.”

The report goes on the say that “marketers now see that the Hispanic market in the U.S. is a great business opportunity” and that “businesses and cultural institutions… are chasing Hispanics aggressively, because that’s where the money is.” Hispanic Business adds that “Hispanics will likely supply valuable labor and sustain the U.S. economy far into the 21st century.”

Well, that’s more like it.

There are several reasons for our newfound clout. For starters, we tend to be younger than other demographics and thus eager to spend money on fun non-essentials such as downloading ringtones or hitting the movies. Another reason is that the strong focus on the family (Latinos tend to have more children) means that we’re signing more credit-card receipts for baby carseats and the like. Finally, there are just a whole bunch of us, and as I’m sure you know, we’re now the largest minority in America.

We Latinos apparently sense our potential for helping out the nation. The Pew Hispanic Center reports that, despite the fact that the economic disaster has hit us harder, “Latinos are more optimistic than others about the future: 67% expect that their financial circumstances will improve over the next year; just 56% of the general population feels the same way.”

Perhaps our optimism comes from the same drive that fuels so many of us to take a chance on a new life in a new country. Maybe the traditionally strong spiritual base that many of us possess helps to guide us through troubled times. Or maybe we’re just used to having less and don’t get worried about losing things. In any case, we seem poised to stimulate the economy.

If that’s true, however, what is a social conservative to do? Latinos have been attacked as scourges on the economy for so long that it’s cultural whiplash to claim that now America really, really, really needs us. The irony is rich, even if the country is not.

As a result of this new status, perhaps young Latinos wandering around stores will no longer be tailed by suspicious proprietors who assume that any group of Hispanics are there to empty the cash register and pistol-whip the owner. Maybe these young  people will be recognized for who there are and what they represent: the very salvation of the global economy.

That would be so damn cool.


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