Before a joint session of Congress, President Obama laid out a $447 billion package of tax cuts and new government spending Thursday night to help stimulate the economy and create new jobs. His speech comes at a time when 14 million people are unemployed and another 8.8 million are working part-time but seeking full-time work. The official unemployment rate stands at 9.1 percent, and the White House is predicting the rate will not fall below six percent until 2017. The jobs crisis is particularly severe for African Americans, who face an unemployment rate that soared to 16.7 percent in August—the highest it’s been since 1984. We speak with Dedrick Muhammad, senior director for economic programs for theNAACP, and Scott Paul, founding executive director of the Alliance for American Manufacturing.
Briefly, we wanted to update you on where Truthout stands this month.
To be brutally honest, Truthout is behind on our fundraising goals for the year. There are a lot of reasons why. We’re dealing with broad trends in our industry, trends that have led publications like Vice, BuzzFeed, and National Geographic to make painful cuts. Everyone is feeling the squeeze of inflation. And despite its lasting importance, news readership is declining.
To ensure we stay out of the red by the end of the year, we have a long way to go. Our future is threatened.
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