Voter Engagment and Turnout

Updated: Saturday, August 3 2013, 12:38 AM EDT
Voter Engagment and Turnout story image
KALAMAZOO, Mich. (NEWSCHANNEL 3) - Some impressive numbers have emerged from Tuesday's second Presidential debate.

An estimated 65 million people watched the debate.

The Nielsen Company says that's down a little from the first debate a week ago, but still, those are big numbers--or are they?

65 million does not even represent half the total electorate.

In Tom's Corner, that's a problem if those are the only numbers we see on Election Day.

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How can we think of ourselves as the world's number one democracy when such a relative few of us will actually cast votes on Election Day?

Over the past 40 years, covering the past 10 presidential elections, only a little more than half of us have taken the time to vote.

That's all—a little more than half.

We now have candidates, and organizations on behalf of the candidates, and organizations on behalf of organizations raising and spending gazillions of dollars to convince us to vote left, right, or in between.

There's more money on the table than ever before.

To the delight of broadcasters everywhere, the money largely gets spent on television.

And the TV commercials they're making are incredibly well done. Movie quality. The acting is good, the sound is super, they're well written, and the lighting is terrific.

But they are often misleading—if not flat out untrue.

Not only do we have to run what the candidates say through the filters of fact-checkers, we have to double check their commercials as well, only more so.

Because whether we like it or not—and I don't—most people will make their political choices based on slick 30-second TV.

Not to say there aren't lots of people who still read. And there are still newspapers and web sites to feed them.

It's just that—and we know this—their numbers are dwindling.

I think its scary that Detroit's Ambassador Bridge owner, billionaire Matty Moroun, can so effectively conduct his ongoing disinformation campaign against a new bridge—a bridge Canada is willing to pay for in its entirety.

But Matty warns the bridge will cost us firemen, policemen, teachers, roads, and our ability to have children.

As the saying goes, if you tell a lie often enough and long enough it becomes truth.

It also bothers me that the bridge is vociferously supported by the automakers, by chambers of commerce all over the midwest, by the UAW, by Governors Snyder, Granholm, Engler Blanchard, and Milliken.
 
But they have been strangely silent.

Its not just that nobody seems willing to put their money where their mouths are. So far, except for Snyder, nobody is even doing mouth.

For those people who read, they know that the little monopolist from Detroit is a prevaricator.

For those who watch only TV, they probably don't.

The bottom line is this: In three weeks, a little more than half of us will be making decisions for all of us.

It's just the way things are. And it doesn't fly well against the image most of us like to hold of the United States of America.

From this corner...I'm Tom Van Howe.
Voter Engagment and Turnout
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Business News

Last Update on April 17, 2014 17:08 GMT

UNEMPLOYMENT BENEFITS

WASHINGTON (AP) -- The number of people applying for U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.

The Labor Department says that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That is the lowest four-week average since October 2007, just two months before the Great Recession started. The average has fallen by 53,500 applications over the past 12 months.

Applications are a proxy for layoffs. The current level of claims suggests that employers are holding on their workers with the expectation of stronger economic growth ahead.

Employers added 192,000 jobs in March and 197,000 in February, the Labor Department reported. Hiring has picked up after a slowdown caused by severe winter weather.

MORTGAGE RATES

WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.

Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.

Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.

Many analysts have been expecting an improving economy to lift the housing market, which has been recovering over the past two years. But housing has struggled to maintain momentum. Rising home prices and higher mortgage rates have held back some potential home buyers. Others have had trouble qualifying for mortgages.

EARNS-GOLDMAN SACHS

NEW YORK (AP) -- Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.

The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion.

The earnings were equivalent to $4.02 a share. Analysts polled by FactSet had predicted earnings of $3.49 a share.

Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion. The latest quarterly revenue beat analysts' expectations of $8.7 billion.

Goldman's stock rose $2.78, or 1.8 percent, to $160 in pre-market trading.

EARNS-PEPSICO

NEW YORK (AP) -- PepsiCo reports a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world.

The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, says global snack volume rose 2 percent while beverages were even from a year ago.

In its closely watched North American beverage unit, PepsiCo Inc. says volume was even. Growth in other drinks offset a 1 percent decline in sodas.

For the quarter, the company earned $1.22 billion, or 79 cents per share. Not including one-time items, it earned 83 cents per share, above the 75 cents per share Wall Street expected.

A year ago, it earned $1.08 billion, or 69 cents per share.

Revenue edged up to $12.62 billion, higher than the $12.39 billion analysts expected.

EARNS-MATTEL

EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.

Toy makers are facing a weak environment globally due to the uncertain economy and popularity of electronic gadgets.

The largest U.S. toy maker says its net loss for the three months ended March 31 totaled $11.2 million, or 3 cents per share. That compares with net income of $38.5 million, or 11 cents per share last year. Analysts expected earnings of 7 cents per share.

The company which makes Disney Princess dolls and Hot Wheels cars says revenue fell 5 percent to $946.2 million. Analysts expected $947.6 million. Barbie revenue dropped 14 percent.

TARGET-SUBSCRIPTION SERVICE

NEW YORK (AP) -- Target is vastly expanding the goods that are available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.

The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents with 150 baby care products.

That program has been expanded more than tenfold this week to nearly 1,600 items across a much wider array of consumer goods. Everything from beauty products and pet supplies, to home office supplies like printer ink, are now available through subscription.

Target, based in Minneapolis, is playing catch up in the subscription arena, which has exploded as companies test consumer appetites for almost every niche, from socks to razors, to clothing and entertainment.

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