Why an Obama Presidency is so important: The poor pay more for Necessities

[fmc83]

Interesting discussion going on here, as always. I reckon, that private fundings can just be a part of social care etc.

What about private fundings in a crisis? There should be more, but actually due to the crisis there is less. Which leads the whole more private fundings are better ad absurdum.

Some sources for my thesis:

1.
The Coalition for the Homeless also raises 60 percent of its funding from private sources, Patrick Markee told IPS.

"We're definitely worried for contributions to go down with the financial crisis. Particularly after public holidays we get a lot of private donations. Now with the economy getting worse, these private donations might go down," he said, adding that the coalition would be highly dependent on donations due to an increased need.

from
http://ipsnews.net/news.asp?idnews=44198

2.
Something from the New Economy Bubble (2002)

"The 400 charities on The Chronicle's list collectively raised $46.9 billion last year (2002), a drop of 1.2 percent in inflation-adjusted dollars. This compares to an average annual gain of 12 percent during the previous five years. The Chronicle attributes last year's decline to continuing economic uncertainty among donors and heightened competition for contributions among charities."

http://www.mcf.org/Mcf/whatsnew/archives/Oct2003/phil031028.htm

3.
This source is about the drop in college funds

"The data from the analysis showed the decline in the stock market in the ’70s paralleled a decrease in collegiate donations, while contributions increased with the stock market as the economy became more stable in the past 15-20 years, according to Kaplan."

http://badgerherald.com/news/2009/02/26/donations_to_univers.php