Current Economy Impacts The Arts, and Stimulus to Come?

It really isn’t a surprise that the arts have been hurt by the current economy. Considering people are losing homes, losing jobs, trying to eat, and simply survive, the arts reside on the bottom of the “priorities” list.  Yesterday I found the following video.

httpvh://www.youtube.com/watch?v=4xsXRU7X8N0

After doing a bit more research, more gloom and doom with the announcement from Brandeis University:

Brandeis University trustees voted unanimously yesterday to close the Rose Art Museum by late summer and sell its international collection to survive the troubled economy. […] The Rose Art Museum owns a wide variety of modern and contemporary art including pieces by Picasso, Andy Warhol, Willem de Kooning, Jasper Johns and Roy Lichtenstein. (Source)

umm…if only I had some extra cash flow, like a few million, for the Picasso.

Now here is the interesting twist. NPR reports the following:

The authors of the current stimulus package seem to think so – they have included $50 million for the National Endowment for the Arts and $150 million for infrastructure repairs at the Smithsonian.

…and so the debate begins.  Does the arts community deserve a stimulus bolt just like the rest of corporate America?  Arguably, yes.  If the auto industry can be “saved” using our almighty dollar, then so should America’s cultural heritage. Do I need to add the ridiculous bank bailout into the mix?

Although some will disagree and believe the arts shouldn’t be funded, I don’t mind chipping in to support the arts.  After all, shouldn’t all industries, including the arts, deserve a piece of the economic stimulus pie?

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4 comments on “Current Economy Impacts The Arts, and Stimulus to Come?
  1. That’s a depressing video.

    I think we should fund the arts. Although a few days ago I heard my guitar instructor say, “the arts don’t need to be supported, they need to be appreciated.” Implying that support would follow.

    It’s a scary time for artists and musicians. I think I’ll just stay in school for the next four years.

    -CD

    • It is indeed a scary time. Regardless of the times, I can only emphasize the importance of staying in school and completing your degree. In fact, I would consider a back-up plan. Perhaps adding a minor. There is a tremendous opportunity to help other musicians shape their business plan.

  2. This is an opportunity, not a disaster. It’s a chance for us to rethink how we present the arts to our potential clients. I expect to have my best years to date in the next few years because I have seen this coming and have tried to view the arts as a necessity and present it to people.

    The Great Depression was what made the movie industry, as people wanted escape from their problems.

    As for the stimulus package, yes! One-third of the people in the USA have held a job in a music-related industry. The music industry is bigger than the pharmaceutical industry. 80% of people earning over $150,000 have a background in music, where as only 12% of the general population has a background in music. An investment in music lessons in a child’s formative years will save a family over $100,000 by the time that child graduates from college. And business researchers are saying the arts may be the new MBA.

    (By the way, you can read all this research and more on my blog. A few of these facts haven’t been published there yet, but they’re in the looooooooong line of articles waiting to be published.)

    And write or email your representatives to support the arts in the stimulus package here: . If they want research, I have hundreds of studies gathered–just click on my name to go to my website and contact me.

    • You are absolutely correct about seizing the opportunity. As a my boss shared a few weeks, it is times like these when leaders are born. or, something like that.

      I will definitely check out your blog. and, I would indeed love to see some of that research. Thanks!!

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