Posted by Bill on behalf of the team.
Guest: Heather R. Andrews. Topics: RushCard malfunctions harm vulnerable, low-income consumers; why the post office should offer some banking services; what we can learn from a 1945 speech by President Truman. People: Bill, Kelley. Produced: October 25th, 2015.
Episode 148 (48 min):
– Broken promises as a prepaid debit card pitched, with hip-hop cred, to poor consumers breaks down.
– Should the post office offer limited banking services for low-income people in the U.S.?
– In a Sept 1945 address to Congress, Pres. Truman outlined what the country must do after the war. What can we learn from that today?
– Guest essay by Heather R. Andrews: “Russell Simmons’ RushCard leaves vulnerable flat broke”
– AFD: “Should USPS be empowered again to offer banking services?”
– AFD: “13 of Truman’s 21 policy points from 1945 are relevant today”
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In an address to Congress just days after the celebration of V-J Day in the United States, President Harry S. Truman outlined to Congress what the country must do after World War II. 13 of those 21 policy points remain fully or significantly relevant in 2015, seventy years later.
“Special Message to the Congress Presenting a 21-Point Program for the Reconversion Period” – September 6, 1945
1. Unemployment compensation
2. Fair Labor Standards Act
5. Full Employment
6. Fair Employment (non-discrimination)
7. Harmonious Industrial-Labor relations
8. Job creation for returning veterans and in regions where job opportunities are scarce
9. Sustainable agriculture
11. Housing for all (urban and rural) and socially responsible city planning
12. Support for research (academic, industrial, governmental)
13. Responsible tax policy (matching revenues to expenditure needs, balancing burden distribution)
15. Support for small business
16. Support for returning veterans in all arenas of life (GI Bill and health care)
17. Investment in public works and conservation of national resources
(These points are all elaborated in greater detail at the link above to the full speech. The points not included all relate more specifically to the World War II situation itself or its immediate aftermath.)