Sat 4 Oct 2008
Bailout Fails Women
Posted by Susan under economics for feminists, feminism and policy
Yesterday’s congressional approval of the bailout bill fails women. Why?
Because its focus is almost entirely on financial difficulties while the deepest, most serious economic problems relate to unemployment.
Sure, it’s important to get the banks in order. But was this the emergency it was cracked up to be? Nope. It was shock and awe Wall Street style.
The Bureau of Labor Statistics reported a record 1,777 mass layoff events in August. The three most severly affected industries—temporary help services, school and employee bus transportation, and professional employer organizations—employ far more women than men.
True, the Wall Street mess is making the recession worse, and women do struggle as a result. But the best way to help would be to send $100 billion in emergency aid to the States so they don’t have to cut essential spending on health, education, heating, and housing. Such spending helps women far more than billions to swashbuckling Wall Street gamblers.
October 18th, 2008 at 7:10 am
You, say the swashbuckling Wall Street gamblers, you do know that they are not all men there is alot of women there too. Aswell that the bailout was to try and stop the recession that USA is going through from becoming a depression where it wont matter if your male or female everybody is going to be effected. and what about all the people that have money invested in all the companys that are represented on wall street there not all man they are also women that will be losing their life savings aswell. so by the sound of it your not worried about how the bail out failed women your worried about how it faild you but I would suggest that you look how it may help the economy which you live in to see that it will effect women and men equally because if this helps america stay out of depression then its the best thing that could of happened , my thought its only delaying what is going to happen with time because how the american government spends and is run.
January 27th, 2009 at 5:59 pm
Good work! Thank you very much!
I always wanted to write in my site something like that. Can I take part of your post to my blog?
Of course, I will add backlink?
Sincerely, Timur I.
February 7th, 2009 at 6:31 am
Very interesting article, as are some of your other posts. I have bookmarked your great site for future visits.