Tuesday, August 9, 2011
Population Reflects Economic Woes in One US Town: The Need for Economic Versatility
If you look at Gary, Indiana from the out side you might believe Gary is just another victim of the "Great Recession". But if you look at it closer, you'll see that Gary was a Major City just 10-15 years ago of over 100,000 people just outside of Chicago a huge city of around 3,000,000 people. And back in the 1960s Gary was a city of 175,000 people bigger then Green Bay, Wisconsin which of course is home to a famous NFL Franchise. But why has Gary lost more then half of its population, like Detroit which is still a big city today and was a big city 10-15 years ago and a big city fifty years ago. Gary doesn't have much diversity in its economy, the Steel Industry employed most of its workforce fifty years ago. But they've now downsized and use new technology to do a lot of their work and don't need has many people to do those jobs. And as a result of this as well as Gary's extreme Crime Rates, the most dangerous city in America Per Capita at one point if not today. People have moved out of Gary to make a better life, leaving Gary with the problems to deal with on their own, with half of its population and half of its resources if less.
Gary to me represents in a lot of ways the rest of the country that is struggling not just the Midwest. And why as a country we need to literally rebuild our country. We have crumbling infrastructure, we don't sell enough of our own products to other countries and we don't produce enough of our own energy. Even though we have all the resources that we need if not more then anyone else in the World to do all of these things much better then we are doing them. To again make our country the dominant economy in the World and for us to be prosperous going forward. We simply just have to do it by putting our people to work to do these things. Imagine an America with great infrastructure, that was Energy Independent and could sell all of its products in Foreign Markets. That paid its bills and didn't pile up debt, thats not a Sweet Dream but a strong possibility, we simply just have to do this. We have three Trade Deals stuck in Congress right now that would help with this, Central America, Columbia and Korea. We have a Bi Partisan bill in the Senate that would create an Independent Non Profit Corporation that would I believe would still be own by the Federal Government they just wouldn't run it. A National Infrastructure Bank that would be Self Financed through the Private Sector. That would prioritize our Infrastructure Projects in America. And then gather investors in the Private Sector to invest in these Infrastructure Projects and then hire Private Company's to do the work. This would create alone hundreds of thousands of jobs in the Private Sector not Public Sector jobs. Good well paid jobs that this country badly needs. We also have all the Natural Resources that we need and then some, we should be exporting our Natural Resources as well. To become Energy Independent. We just need a National Energy Policy to get it started.
Gary, Indiana represents what a lot of the country is going through as we are struggling just to recover from the "Great Recession" and just get back on our feet as a country. But Gary also represents a lot of the potential of America that we just need to unleash and let take off and watch our economy become great again.