# Economy



Reflecting on the "Labor" Day impact on my patients

Dr. Emily Boevers is a Ob-Gyn physician practicing primarily in Waverly, Iowa. When not taking care of patients she enjoys spending time with her husband and three children.

Labor Day: a celebration of American ingenuity, prosperity and economic achievements. Like Independence Day, this holiday requires ongoing recognition and defense of the important role that citizens play in its origins. From its inception as a labor union holiday to its current position as a day for the working-class people of America, this is a day for American workers to be recognized for the sweat and stress they contribute to the modern economy.

It is estimated that the women of America supply $21 billion per day to the US economy, not including unpaid domestic labor. Part of economic wellness is also a strong supply of the next generation of skilled workers. As an expert in maternal health, I cannot help but wonder at the limited recognition of women’s complex role in this measure.

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The Republican double standard on public assistance

Henry Jay Karp is the Rabbi Emeritus of Temple Emanuel in Davenport, Iowa, which he served from 1985 to 2017. He is the co-founder and co-convener of One Human Family QCA, a social justice organization.

As some of the Republican presidential hopefuls are talking about cutting Social Security and Medicare benefits for the young, starting in 2031, the underlying issue is far more extensive than the financial woes of these two programs.

Yes, both the Medicare and Social Security programs are in need of serious reform if they are to remain solvent. But there are two major fixes which could do the job: cutting benefits or raising taxes. These presidential candidates choose to cut benefits for future beneficiaries, rather than raising the taxes of our country’s top earners.

That choice reflects a broader ideological problem with the current Republican Party: favoring the interests of the rich and corporations over the interests of the everyday people.

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How Democrats can use Bidenomics to win in rural America again

Scott Syroka is a former Johnston city council member.

Democrats have a major opportunity to increase their appeal in rural America, thanks to the policy framework crafted by President Biden, which he laid out in his June 28 address on Bidenomics in Chicago, Illinois.

While Democrats have successfully embraced Bidenomics to pass legislation like the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS Act, Inflation Reduction Act, and beyond, they haven’t done enough to champion Bidenomics through a rural-specific lens.

By using this framework to present a vision for an inclusive rural economy, rather than the trickle-down status quo of exploitation, Democrats can draw a clear contrast with their Republican opponents.

If they choose to seize this opportunity, Democrats can begin to stop the electoral bloodbath in rural areas, shrink the margins, and maybe even start to win again.

The forgotten history of America’s family farm movement and its fight for parity shows us how.

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Finding more than meets the eye when Iowans gather

Patrick Muller is a visual artist living in Hills (Johnson County).

Multiple times a year, teenage athletes from all corners of the state roll into a dedicated tournament venue to showcase their talents and compete for trophies. While forming a sports conclave, these individuals and teams also represent schools and towns. These competitions, then, have the additional potential to be meetings of minds and substrates for community building. When, for instance, Audobon, Bloomfield, Cascade, and Milford contestants meet, why not use that occasion for a pop-up chautauqua, learning commons, or consideration cafe?

While students are heaving a discus or passing the baton, individuals from their schools and towns could get together to share, on a variety of topics, best practices and approaches to opportunities and challenges; learn; network; and even sketch out some multi-community collaborations.

Truly, after nearly a century of championships in some sports, one has to wonder why these affairs are still merely ephemeral, insular, ostensibly single-purposed. 

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Jasmine Schneider: The force for change Davenport needs

Alexandra Dermody is a Davenport based Gen Z activist, nonprofit director, and small business owner.

A promising figure has emerged in Davenport’s political tapestry: Jasmine Schneider. A stalwart community organizer and advocate for change, Schneider has thrown her hat into the ring for this year’s mayoral election. With a comprehensive, ambitious agenda, she brings a breath of fresh air and dedication to her vision of a more inclusive, thriving Davenport.

Schneider’s steadfast resolve is woven throughout her political platform, from her commitment to restorative justice to her focus on Davenport’s economic development. Her key priorities, distilled from her understanding of the city’s most pressing challenges, are both inclusive and innovative.

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Common sense: don't ignite a financial panic

Al Charlson is a North Central Iowa farm kid, lifelong Iowan, and retired bank trust officer.

Financial panics are not rational. The federal debt ceiling is an arbitrary artificial limit. The U.S. economy would not fundamentally change on the day the Treasury could not send Social Security checks or military payroll because it was barred from borrowing to pay the bills Congress has already approved. But world financial markets would freak out.

The international financial market system is an extremely complex and intricate web of interrelated understandings, agreements, contracts, checks and balances, guarantees, regulations and laws. The system is normally resilient and redundant enough to handle losses which regularly can and do occur. For many decades, the U.S. dollar has been the linchpin of the system, and U.S. Treasury notes and bonds have been considered the basic risk-free asset class. Essentially, the full faith and credit of the U.S. Government has been and remains the cornerstone of the worldwide financial system.

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