Vast Stretches Of America Have Now Descended Into A State Of Deep Economic Hopelessness
Francesco Abbruzzino, The Uncensored Report, LLC
Even though the stock market has been booming and the corporate media is full of talk about “recovery”, there are many communities in the United States where a permanent atmosphere of despair seems to hang in the air. The federal government gives us doctored numbers that show that the national unemployment rate is low, but in small towns all across the country it seems like almost everyone is either unemployed or working extremely low paying jobs. Earlier this month, one such town was profiled by USA Today. Even before the COVID pandemic came along, the little town of Ogdensburg, New York was deeply struggling, but now economic conditions have become extremely dire…
Ogdensburg is tiny and desperately poor, so it experiences these national trends in concentrated form. The median house in this city of 10,000 people sells for $68,000, according to the U.S. Census. The average family earns $42,000 a year, and 2,300 residents live below the federal poverty line, giving Ogdensburg a poverty rate 75% higher than the rest of New York State.
Then the economy closed. The governments of Canada and the United States tried to limit the spread of COVID-19 by shutting the international border, including the curvy suspension bridge between Ogdensburg and Prescott, Ontario. In the small industrial park east of town, the few remaining warehouses and Canadian-owned factories shut down. The hospital in Ogdensburg furloughed 174 people. Most restaurants and grocery stores stayed open, primarily by firing every person they could.
Like millions of other Americans, most people living in Ogdensburg are just trying to find some way to survive month after month.
The fact that stock market investors are rolling in giant mountains of cash doesn’t matter to the citizens of Ogdensburg. At this point the city government is “nearly bankrupt”, and the latest economic downturn has fueled “a spike in narcotics overdoses and deaths”…
The economic collapse fueled further crises. Ogdensburg’s city government is nearly bankrupt, says City Manager Stephen Jellie. Stores that depend on customers crossing the border from Canada are nearly empty. The pandemic closed 12-step groups across the St. Lawrence Valley, causing a spike in narcotics overdoses and deaths.
Ogdensburg’s struggles started 62 years before the pandemic, when the opening of the St. Lawrence Seaway destroyed the city’s port. Now the city faces so many problems simultaneously, it’s difficult for people here to imagine what “recovery” even means.
Of course Ogdensburg is far from alone.
Similar articles could have been written about thousands of other towns and cities from coast to coast. There is so much economic pain out there right now, and it is getting worse with each passing month.
As he drives to work each day, Federal Reserve Chair Jerome Powell gets a firsthand view of the economic suffering that he has helped to cause. Just two blocks away from his office, a tent city has sprung up that just keeps growing and growing…