Economic Summit Report
WACO - President George
W. Bush chose to hold an Economic Forum on the campus of one of the countrys
wealthiest, church-owned universities. Baylor and Waco, the county seat of McLennan County
are located 16 miles from Bushs Crawford ranch.
The Forum consisted of eight groups of 25 to 30 panelists discussing eight topics for 90
minutes. The President and Vice President Dick Cheney spent 20 minutes each at a session.
(The media were not allowed in the panel discussion rooms, but did attend the closing
plenary session.)
The forum provided a clear contrast between the concerns of the President and his
administration and the day to day issues affecting African-Americans. Bush selected the
panel on Small Investors and Retirement Security for his first stop. He said, We
want to see how the people in Crawford look at Wall Street and the numbers. How do you
simplify the numbers so people understand?
Each panel included real working people who were mostly African-American or
Hispanic to balance the input of presidential cabinet secretaries, CEOs of major
corporations, union leaders, university professors and business students.
However, Rev. Robert Campbell the African-American mayor of Crawford, was not
invited, he said.
Treasury Secretary Paul ONeill began the plenary session by asking the panel on
Economic Recovery and Job Creation to report on their discussion. Phyllis Hill Slater,
President of Hill Slater Inc. in New York City, was their spokesperson. Ms. Slater
discussed how she was affected by the September 11 attack on the world trade center
towers, how the economy is small-business driven and that all children are vulnerable. But
she failed to share what her panel decided relative to economic recovery and job creation.
Twenty five percent of McLennan Countys population lives below the poverty line.
This is an economic issue that Ms. Slaters fellow African- Americans who live in
Bushs area are interested in.
Arizonias Hispanic Chamber of Commerce President, Delia Garcia reported on Corporate
Responsibility, after Commerce Secretary, Don Evans introduction. Ms. Garcia said,
Whats the role of corporations in a democracy? Greater responsibility. We need
to teach ethics in business. They go together and are not incompatible. Business is not
just about the bottom line ..its about being good corporate citizens. While
Garcias comments were warmly received, protesters on the edge of Baylor campus
discussed the impact of Enron on Texas economy, especially workers retirement
and savings.
The Education and Workers panel included Labor Secretary Elaine Choa and Education
Secretary Rod Paige. Secretary Choa said, Eighty of the projected jobs for the
future require training beyond high school. The Depart ment of Labor spends $12 million a
year on job training. By contrast, it costs $30,000 a year to attend Baylor. For the
current school year, beginning teachers in the Waco ISD will make $29,000 a year. And
Baylor University has advertised job vacancies requiring a bachelors degree for a
salary less than $10 an hour. According to the US Census, less than 20% of McLennan county
residents have bachelors degrees or higher.
President Bush ended the Economic Forum by stating, The people here are the people
who really make America work. We are here to get a report from what I call the front lines
of the American economy. Well read the reports and react. We have heard from
Americans who are concerned but not discouraged. Listening to our fellow Americans, we
will find good ideas and we will implement those ideas.
After the forum, Mayor Campbell said he was concerned about how Bushs moving to
Crawford has increased costs of maintaining the streets that were not designed for the
heavy traffic of a President's entourage. Hes worried about the towns capacity
to provide water for its 730 residents and whether they will receive federal grant money
for basic infrastructure. The Economic forum never addressed those real life issues.
|