Puget Sound Liberals Weekly Newsletter #207

Enhancing Freedom, Opportunity and Cooperation in Puget Sound and Beyond

Through informing and networking Liberals and Liberal Organizations.

 

Our vision is hundreds of thousands of well-informed Puget Sound Liberals working together.

 

          3500 members                            January 1, 2009                formerly Lake Hills Liberals                

 

 

 

 

                                                     

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              Table of Contents  * Featured Articles

 

About Puget Sound Liberals

Calendars of Events

Communication with Our Members

What a Year

Opportunities

Petitions

 

Commentaries from Our Members

John Burbank: Want Jobs. Then Create Jobs

Ray McBain: Andrew Sullivan Wrongly Accuses Obama of Being Conservative

 

Liberals and Democrats Links to the Beef

Government Watch

Could President Obama Have Realized More Reforms?*

Conservatives Continually Mischaracterize Liberals*

Resolve to Increase Our Liberal Democratic Majority** 

 

State and Local Links to the Beef

Primary Care Experiments

Featured Advocacy Group: Reform Immigration for America

2010 Census May Give Washington another House Seat

Washington State’s Dreary Politics

 

Nation and World Links to the Beef

 

Our Liberal Spirit

Resolving to Change Is Not Enough

 

Recommended Books

 

 

 

 

Our Political Values

 

Our Political Priorities

 

·       Fair Clean Elections and Open Government

·       Fair Taxes and Competent Spending

·       Investment for Productivity

·       Quality Health, Education, Jobs, Income

·       Environmental Protection and Energy Independence

·       Security and Equal Rights

·       Justice and Peace Everywhere

·       International Cooperation and Leadership

 

Conservatives oppose all of these

 

     Let’s End Our National Nightmare

 

         Let’s Restore Our American Dream

 

More on Conservative opposition to our American Dream

 

Washington State’s 5 Major Needs

·       Federal Funding for Health and Education

·       Public Campaign Financing

·       Substituting a Progressive Income Tax

·       Replacing Conservative Legislators

·       Stopping Corporate Abuse

 

Quote of the Week

It is time for a new generation of Leadership to cope with new problems and new opportunities for there is a new world to be won.  John F. Kennedy

 

 

 

 

 

 

 

 

 

 


John Burbank: Want Jobs. Then Create Jobs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calendar of Events

Saturday, January 9th at 9:30 AM - 2:30 PM at Seattle Pacific University, Gwinn Room (3310 Sixth Avenue West, Seattle) - 2010 Environmental Priorities Coalition Legislative Workshop.  Sponsored by Washington Environmental Council, Washington Toxics Council and other environmental organizations.  $10 + $10 for lunch.  To Register.

Monday, January 18 at 8:30 AM at The Capitol Theater (206 5th Ave SE, Olympia) - Peoples Summit and March on our Capitol.  To Register.

Saturday, January 23 at 6:30 PM at Carrie Bogner’s home (1120 24th Ave E, Seattle) - InspireSeattle Potluck Social, Presentation and Discussion of Seattle’s Recycling Strategy.   

 

Calendars of Events                             

 

King County Democrats - LD Meetings            Some 2008 Legislature Lobby Days

Thurston County Progressive Net                  Western Washington Fellowship of Reconciliation

Alliance for Democracy                                Democratic Underground.Com                          

Sierra Club Cascade Chapter Calendar           Cool State Washington

Washington Public Campaigns Calendar          Town Hall Seattle Calendar

Washington State Labor Council                    Whatcom County Peace and Justice Calendar 

Conversation Cafe      Drinking Liberally          Seattle NOW          

Wallingford Neighbors for Peace and Justice – Friday Night Movies      Liberal films on PBS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Communication with Our Members

 

What a Year

 

Barack Obama took office with more support than any recent president.  He embarked on a low risk approach of different strategies to recover our collapsed economy: an economic stimulus-recovery package, health care reform, greenhouse gas reduction, regulation of financial and companies.  He quickly obtained passage of an economic stimulus-recovery package and will soon obtain health care reform.  In both cases, they are less than may be needed, due especially to Senate rules requiring 60 votes to stop a filibuster.

 

With adoption of health care reform, the primary necessity for further reform is to increase the number of Liberal Democratic congress members in 2010.  This will depend primarily upon lowering unemployment.  It will depend secondly upon passage of unionization, immigration, and GLBT legislation.  Finally it will depend upon identifying likely Democratic voters and stimulating them to vote. 

 

By insisting on doing virtually nothing beyond what produced our bubble and its collapse, the Republicans have set themselves up as a ‘Do Nothing’ target in the fall 2010 elections.  In addition, Tea Bag Conservatives may compete with more versatile Republicans to produce Democratic victories.  If Democrats (especially of consistently Liberal) Democrats increase their majority, we can expect further health care reforms, and greenhouse gas reduction and financial regulation reforms.

 

One of the major lost opportunities of this last year was the placement of Organizing for America (consisting of Barack Obama’s 2008 supporters) under the Democratic Party instead of retaining it as a supporter of Barack Obama’s policies.  In support of our Democratic Party’s Old Politics instead of Barack Obama’s call for a new politics, Organizing for America has played no role in pressing inconsistently Liberal Democrats to support President Obama’s proposed reforms.  

 

Opportunities

Useful Websites: contacts, maps, community organizing tools, and more.

 

Petitions

Tell your house member to support House Resolution 274 to promote nuclear disarmament.

 

Commentaries From Our Members

 

John Burbank: Want Jobs. Then Create Jobs

 

We’ve got an official unemployment rate of 9.3% here in Washington and the likelihood of increased unemployment in the coming months.  This understates the actual unemployment and underemployment of workers in our state, and the decrease in the employment to population ratio.  The national underemployment rate (the unemployed, those who have quit looking, and those working part-time who want full-time work) is 17.5%.  The private sector is sloughing off jobs.  As unemployment increases, consumption falls, generating further cutbacks in economic activity and employment.

 

What can we do?  Create jobs.  The federal government should enable the states to immediately create public sector/service jobs.  In Washington state, an immediate jobs program with 12,000 jobs would make up ten percent of the 121,000 jobs lost since the beginning of the recession in December 2007.

Here’s how we could create jobs  – jobs that enhance public services, build public infrastructure, and stimulate economic growth. The precedents are the Works Progress Administration, the Public Works Administration, the Civilian Conservation Corps, CETA, VISTA, and Americorps. Today, here in Washington State, the Employment Security Department (ESD) would be the central collector/distributor for public job creation. ESD knows who is unemployed, where, and what occupations.

 

The Governor’s office requests each state department to identify unfilled needs and attach a job estimate to each need.   The focus should be on labor-intensive work.  The Governor can send a similar request to cities, counties, and other localities. Each department reports these needs and job estimates back to ESD within five working days.  After another five days, each department must report how they would create the supervisory and management team to allocate and administrate these jobs.

DES then supplies the workers to the agencies, as requested.  This will be a voluntary request on the part of the worker.  Each worker will receive the equivalent of her/his unemployment compensation, or 133% of the minimum wage ($11.40/hour), as a paycheck, plus health coverage through the Basic Health Plan.  The total cost per worker for one full year of employment, including health coverage, FICA taxes (employee and employer), and 15% for administrative overhead and capital costs would be about $35,500.  12,000 jobs would cost $426 million dollars.

 

What kinds of jobs are possible?

·       Teacher aides, tutors, and coaches in the public schools

·       Teacher aides in public early learning centers (to be combined with the ongoing career and wage ladder

·       Trail development and maintenance (Sound to Mountains Greenway, etc.)

·       Housing energy retrofitting (to be combined with an ongoing apprenticeship program

·       Expansion of Community Jobs to the unemployed workforce.  (Community Jobs are jobs with community-based non-profits for “hard-to-employ” welfare recipients)

·       Community theater projects through the community college network

·       Parks maintenance and stewardship, resulting in re-opening of parks

·       Library workers, enabling longer hours for public libraries

·       AmeriCorps expansion

·       Legal aid work

·       Jobs identified by DNR, Transportation, Department of Ecology, Parks, Community  Development

 

This is just to sketch out the possibilities.  State and local agencies should be able to identify immediate needs and practical development of jobs. The need is to:

·       Get commitment of federal funding ($425 million, for 2011)

·       Get agencies to act promptly (jobs identified within two weeks)

·       Disallow supplantation of current jobs; negotiate with unions

·       Get DES to match unemployed workers with jobs

·       Insure that appropriate supervisory team is in place.

·       Get people to work by January 2nd.

·       Label the projects, so that the general public begins to equate job creation with our government.

John Burbank, Executive Director, Economic Opportunity Institute

 

Ray McBain: Andrew Sullivan Wrongly Accuses Obama of Being Conservative

 

I agree with your position on Obama as more liberal than conservative.  Andrew Sullivan is just plain wrong. His viewpoint is valid only to him. Further, he uses the terms "conservative" and "liberal" without any definition nor even an association to indicate his use of these terms.  Kudos to DT! (Dave Thomas).  Ray McBain

 

Liberals and Democrats

 

Government Watch

Also go to Whitehouse.gov.

 

On Vacation

 

Immigration Policy

Obama Administration implements more human immigration policies.

 

Could President Obama Have Realized More Reforms?

 

Liberals have wanted more reforms than President Obama has achieved.  Many have criticized him for not acting more forcibly.  But given the congressional rules and the numbers of Democratic congress members, can anyone show how more could have been achieved?  Could a larger stimulus-recovery package have been passed?  Could a health care reform bill have been passed which offered more competition to private insurers or dispensed with them entirely?  I don’t believe any of President Obama’s critics have shown how President Obama could have achieved more.

 

I believe it was the congressional rules, the ‘Do Nothing’ Republicans, and several Democrats that made it impossible to achieve more reforms, no matter what President Obama did.  Notice that if the Democrats had elected one less Senator or a few less Democratic house members in 2008, it is likely that we would not have had any reforms.  We can be thankful that some combination of Barack Obama’s coattails, Howard Dean’s 50 state strategy and Rahm Emanuel’s recruitment of winning house candidates produced our 2008 victories. 

 

I doubt that our Senate will pass any robust cap and trade legislation.  So the EPA will have to take the lead by banning various global warming activities.  Cities and states are also acting.  But none of this necessarily leads to binding international treaties.  It may be we just keep the pressure on governments to take needed steps even in the absence of a binding treaty. 

 

I do believe that both the Senate and House will pass some fairly robust financial system reforms, due to Main Street’s strong negative reaction to the Wall Street bailouts.  I also believe that with Obama Administration leadership both the Senate and House will pass unionization, GLBT and immigration reforms.  If employment increases and these pass, our 2010 elections should increase the number of Democratic congress members, hopefully consistently Liberal ones.  Dave Thomas

 

Conservatives Continually Mischaracterize Liberals

 

Conservatives trust free enterprise and distrust government.  Socialists trust government and distrust free enterprise.  Liberals recognize that both free enterprise and government offer benefits and may be abusive.  So unlike Conservatives and Socialists, Liberals seek mixtures of free enterprise and government that are appropriate to various situations.  Conservatives continually accuse Liberals of being Socialists. 

 

Conservatives also continually accuse Liberals of being unconcerned with competence such that people, government and private organizations should do the best they can to avoid being a burden on others.  And they criticize Liberal compassion for those who have fewer freedoms and opportunities than the rest of us.  Their view is that through compassion, Liberals encourage incompetence.  Yet it is Conservatives who typically participate in crony capitalism, in which they reward incompetent enterprises that reward them with campaign contributions.  Both the Clinton Administration and the Obama Administration have been much more competent than the Bush Administration. 

 

Conservatives also hypocritically accuse Liberals of using various political strategies that they used when they controlled our government, including earmarks, threatened filibusters, borrowing to pay for their proposals instead of paying for them with reduced expenditures elsewhere or increased taxes.

 

Conservatives also falsely assume that high income people use their income to create jobs, when high income people instead divert money from creating jobs to speculation, which in the long run destroys jobs.  Conservatives favor tax cuts for high income people and criticize Liberals for increasing taxes on them, although our economy has always done better when high income people pay their fair share of taxes and worse when high income people don’t pay their fair share.  When taxes for low income people are reduced, jobs are created to provide goods and services to them.

 

Resolve to Increase Our Liberal Democratic Majority in 2010

 

To increase our freedoms and opportunities, we need to produce a Liberal Democratic majority in our house and senate which can defeat any attempts to filibuster against needed reforms.  We can run against the ‘Do Nothing’ Republican congress members.  We need to stimulate the young people, Hispanics and others who voted for Barack Obama to vote.  We can also hope that the Tea Bag Conservatives will run against any Republicans who might attract votes from Independents.

 

Unfortunately, most of our Democratic Legislative District Organizations are more concerned with exchanging insider political gossip than with grassroots organizing to get out the vote for Democratic candidates.  However, anyone can do grassroots organizing.

 

Select about 200 homes near your own.  These will typically contain about 350 voters, of whom half, more or less, are likely to vote for Democrats if they vote.  Canvass these homes between now and next fall to identify whether their voters are likely to vote for Democrats.  It will take 40 hours at about 5 homes per hour.  Once voter preferences have been identified, avoid those who would vote for Republicans, hoping they will not vote.  Get several of the more enthusiastic Democratic voters to help you stimulate the less enthusiastic Democratic voters to vote. 

 

You may hold house parties to discuss both neighborhood and national issues.  You can also start an email list, to send (mini-newsletter type) messages to identified likely Democratic voters.  Voting for Democrats will bring needed national changes.  Getting to know your neighbors is also locally helpful for crime protection, checking on people during an emergency, and to protect and support our neighboring children. 

 

Before the election, share your information about likely Democratic voters with your Democratic candidates, so they and you can stimulate them to vote.  If you succeed in stimulating 20 or more likely Democratic voters to vote who otherwise wouldn’t, you will have done more to elect Democratic candidates than most Democrats, including legislative district members and bloggers. 

 

For the longer run, enthusiastic Democratic voters should be encouraged to position themselves to run for office.  They can begin by serving as volunteers with advocacy organizations, and by being appointed to various planning and other commissions.  Later these farm team candidates can run for municipal, state and federal offices.  Dave Thomas

 

Here’s the Beef

Cultural Issues less prominent, as economic issues become more prominent and secular Libertarian Tea Party Conservatives gain influence.

What to do about curbing global warming is unclear: EPA action or various forms of Cap and Trade?

Our climate control strategy should include converting methane to useful energy.

Will climate change make organic farming necessary?

 

State and Local

 

Primary Care Experiments

 

Group Health Cooperative experiments with medical home model.   Qliance has opened three clinics in Seattle, Kent and Mercer Island with 9 doctors, which provide medical homes for 3,000 patients.   Swedish Medical Center’s Ballard campus has opened a medical home clinic that currently bills 900 patients or their insurers $45 per month, instead of billing them for treatments.  Each of these experiments rewards providers for effective preventive and medical care instead of for treatments.

 

If widely adopted, these medical home clinics could dramatically reduce the expense of unnecessary treatments and increase close monitoring of health conditions to implement measures to prevent deterioration of health.

 

Featured Advocacy Group

 

----------------------- Reform Immigration for America ----------------------------

 

The Campaign to Reform Immigration for America is a united national effort that brings together individuals and grassroots organizations with the mission to build support for workable comprehensive immigration reform. The Campaign to Reform Immigration for America is, in part, a project of the Tides Advocacy Fund.

 

The campaign connects people from communities across the country who are ready to work together towards achieving the 279 votes needed to win just and humane comprehensive immigration reform legislation: 218 votes in the House of Representatives, 60 votes in the Senate, and one signature from the President.  We will be working especially hard with advocates and leaders from faith communities, small business owners, unions and labor advocates; and community-based civil rights, human rights, and immigrant-serving groups.

 

Our vision of reform includes immigrants and native-born U.S. citizens working shoulder to shoulder to achieve better wages, working conditions, and labor protections—making sure everyone is playing by the same set of rules so that it is harder for unscrupulous employers to cheat immigrants and therefore harder for everyone to be cheated. We need to build faith in our immigration system so that people respect the process and so that the process respects them. That’s our vision for a stronger America.

 

Why Now?

Plain and simple, the U.S. immigration system – as it currently exists and operates – no longer works. Fixing it presents a daunting challenge, but action must be taken sooner rather than later. The time is now to do the right thing and fight for practical solutions that benefit all of us and are rooted in the restoration of the rule of law, earned citizenship, united families, and fair treatment of workers.

 

Untargeted raids in workplaces and neighborhoods and rogue enforcement agents at all levels are terrorizing immigrant workers and dividing families without making us any safer and without fixing the real problems with our immigration system. Our out-of-date laws force many American families to remain separated for years – and in some cases, decades – because of backlogs and barriers to family unification in our immigration system.

 

American-born workers suffer if there is a vast pool of undocumented workers who are easily exploited by employers who seek unfair advantage. All of us are stronger if all of us have rights.

 

Finally, our outdated laws are practically unenforceable, driving too much immigration into the black market and not enough immigration through legal and orderly channels for immigrants who want to work in this country.  The result is hundreds of thousands of immigrants being detained each year, hundreds of thousands deported, people forced to take life-threatening risks because they cannot enter legally, people dying in the desert, and people dying in detention due to awful conditions and official neglect. We can and must do better.

 

What does the Campaign to Reform Immigration for America stand for?

We are a united voice for just and humane immigration reform. Our campaign supports the following principles:

·       Immigration reform must promote economic opportunity. We must renew our commitment to helping all low-income Americans improve their job prospects and move up the economic ladder towards the American Dream.

·       Immigration reform must be comprehensive. Unless we tackle the broken immigration system as a whole, we will fail to solve the problem at hand.

·       Long-term reform requires long term solutions. The factors shaping immigration are not just domestic; the issue transcends our borders. As such, how we as a country approach our relationships with other nations matters. We must deal with the domestic aspect of this issue and work in partnership with other countries over time to develop long-term strategies.

 

A reform package that works for all communities and families in America should include the following:

·       A rational and humane approach to the undocumented population. We must address the more than twelve million undocumented immigrants living in this country by creating a rigorous registration process that leads to lawful permanent resident status and eventual citizenship.

·       Protect U.S. and immigrant workers. Immigration reform is a component of building real economic security, contributing to a shared prosperity agenda that maintains and improves wages and working conditions in the United States and in other countries. We must protect all workers’ rights, regardless of whether they were born in the United States or abroad, and any employment verification system should determine employment authorization accurately and efficiently while protecting workers and good-faith employers.

·       Allocate sufficient visas to close unlawful migration channels. One of the great failures of our current system is that the level of legal immigration is set arbitrarily by Congress—as a product of political compromise. The allocation of employment visas to workers should be depoliticized and placed in the hands of an independent commission that can assess labor shortages and determine the number and characteristics of foreign workers to be admitted, with Congress’s approval.

·       Enhance our nation’s security and safety. A sensible enforcement strategy will keep America safe, protect due process and human rights, make the most effective use of the tools and policies already available in a fair and reasonable manner, and be fiscally responsible. Such a strategy would prioritize enforcement actions to target genuine threats, violent individuals, unscrupulous employers; traffickers and drug smugglers, and those that might exploit the immigration system to do the country harm.

·       Establish a strategic border enforcement policy that reflects American values. A border strategy that prioritizes the safety and security of border communities and consults with these communities in the process is the best way to ensure that our border policies protect our national security, while balancing enforcement with economic development and human and civil rights.

·       Keep American families together. Our outdated family immigration channels, which keep close family members separated for decades, must be reformed to restore our commitment to promoting family unity.

·       Promote immigrant integration.
The federal government must help new immigrants learn our language and laws, ensure equal opportunity for immigrants to participate in programs and services, and support state and local governments’ efforts to help integrate these new Americans.

·       Protect fundamental rights for all. Congress must restore basic civil liberties and reaffirm Constitutional protections for all individuals in this country and renew our commitment to core American values of fairness and justice.

The document with the complete Principles of Immigration Reform adopted by the campaign is available here.

-------------------------------------------------------------------------------------------------------------------

 

2010 Census May Give Washington another House Seat

 

In spite of our economic slowdown and job losses, Washington’s population growth is likely to give us another house seat.  If so, a 5 member bipartisan commission will redraw our congressional district maps, which then must be approved by our legislature.  Since more of our growth is occurring in Liberal areas of the state, we can expect that a Democrat can win the new seat.  Depending upon how the existing congressional seats are rearranged, we might find it easier for a Democrat to win the 8th Congressional seat.  So we might end up with 7 or 8 of 10 congressional seats occupied by Democrats.

 

Washington State’s Dreary Politics

 

Senators Patty Murray and Maria Cantwell were very slow to indicate their support for health care reform, but are now strongly supporting it.  They also have supported wasteful pork barrow projects wanted by their campaign contributors.  Except for Congressman Jim McDermott, our Democratic congressmen have been slow to indicate their support for health care reform, and Congressman Brian Baird voted against it.  Our Democratic congressmen have also supported wasteful pork barrow projects wanted by their campaign contributors.

 

Our state legislators have generally been unwilling to address the issues which reduce our state’s revenue and ability to fund needed infrastructure and safety net measures to serve our people.  In the absence of tax reform, our education is not receiving the support which our constitution requires.  They have not supported public campaign financing which would save our state much money by reducing special interest tax exemptions wanted by private campaign contributors.  Many have supported the BIAW, even though the BIAW is using a variety of strategies to reduce our state revenue and regulation of abusive corporations. 

 

By siding with businesses instead of labor, many of our Democratic legislators are also reducing the number of well paying jobs, such that people are borrowing, which stimulates our bubble economy and its collapse.

 

To improve our state government’s ability to serve our people, we need more Liberal legislators, even if getting them reduces the number of Democratic legislators.  If a legislator is Conservative, it doesn’t matter very much whether he or she is Republican or Democratic.

 

Here’s the Beef

 

Nation and World  

 

Here’s the Beef

Our U.S. doesn’t have too few people.  We have too many people.

 

Our Liberal Spirit

 

Resolving to Change Is Not Enough

 

New Year’s resolutions are customary.  But as most of us have experienced, making resolutions is not sufficient to change one’s behavior and the mental state that supports it.  One also needs a plan and determination.  For example, suppose one resolves to lose weight.

 

One needs to understand ones present habits relevant to weight: eating (what, when, how much, urges, triggers), exercise.  One needs to research what recommended strategies:

·       When should we eat and not eat?

·       What should be eaten and avoided?

·       How much of various foods should we eat?

·       What temptations should be avoided?

·       What responses should be made to temptations and urges?

·       How should one react to a failure to follow a strategy? 

·       How should we enlist others to not tempt us and to support our diets?

·       How should we monitor our weight?

·       How should one react to failure to lose weight, staying stable or gaining weight?

·       How should we reward or punish ourselves for succeeding or failing? 

·       What exercises should we do?

·       What other strategies can we find?

 

Creating an experimental plan with many strategic elements is crucial.  We also need the determination to keep experimenting when we are not succeeding until we find what works.  If we are tempted to stop trying to lose weight, we should seriously consider whether our desire for less weight is worth continuing to look for what works.

 

Once we learn how to develop determination and an experimental plan to successfully change a behavior and mindset, we may find that we can follow the same approach to modify other behaviors.  Such modification presents us with new freedoms and opportunities.  Dave Thomas

 

Recommended Books – See our list of books for liberals

 

Ravi Batra, 2005, Greenspan’s Fraud.  How Two Decades of His Policies Have Undermined the Global Economy.

 

Since the collapse of our housing and credit bubble, various commentators have blamed Alan Greenspan for stimulating the bubble.  Writing before the housing and credit bubble collapse, Ravi Batra predicted the collapse.  More than other commentators, Batra attempts to understand Greenspan’s motivation for his various actions. 

 

Alan Greenspan is a Libertarian Conservative who believes that businesses should be mostly free from government regulation and taxation.  He has encouraged income tax reduction for high income people and businesses, while encouraging FICA tax increases for low and moderate income people and the reduction of Social Security and Medicare benefits.  He sought a balanced budget.  He also opposes a high minimum wage, unionization and restrictions on global trade.  He didn’t worry about our loss of manufacturing jobs.  Thus he naturally sides with Wall Street lobbyists. 

 

Through these measures, a bubble economy occurs and crashes, resulting in high unemployment.  Manufacturing jobs decline, our federal deficits and foreign trade deficits both increase. 

 

Alan Greenspan also wants to keep the power he has by being Federal Reserve Chairman.  As Federal Reserve Chairman, his reappointment depends upon the president, who depends partly upon Main Street Voters to be reelected.  So Alan Greenspan encouraged the placement of adjustable rate mortgages, which allow more people to buy and furnish houses.  He has similarly encouraged low interest rates which stimulate the economy through allowing borrowers to buy more stuff.  Both of these measures caused very imbalanced budgets.  He also began to worry about the loss of manufacturing jobs.  These measures further stimulated the bubble economy, delaying its immediate crash, but leading to its ultimately much larger crash.  Most damaging has been our increasing financial inequality.

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