Puget Sound Liberals Weekly Newsletter #169

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.

 

       3000 members                                 April 10, 2009                     formerly Lake Hills Liberals                

 

 

 

 

                                                     

Our Website                                   Our  Editor                  To Unsubscribe

 

              Table of Contents       * Featured Articles

 

About Puget Sound Liberals

Calendars of Events

Communication With Our Members

Opportunities

Petitions

 

Commentaries from Our Members

Alan Durning: WCI’s Carbon Cap-and-Trade System

Rich Austin: Single Payer Insurance Needs a Vote

Dave Miller: Obama says U.S. Isn’t a Christian Nation

 

Liberals and Democrats Links to the Beef

Obama Watch - Week 11

Obama’s Strategies for Reducing Global Warming

Youth Are Creating Long Term Democratic Supremacy

Are Our Culture Wars Over?

 

State and Local Links to the Beef

Organizing for Tax Reform**

New Politics for Washington

Our 8th Congressional District Race

Our County Executive Race

Featured Advocacy Group: Environmental Groups -

 

Nation and World Links to the Beef

Mark to Market for Dummies

We Need to Clean Up the World’s Water

 

Our Liberal Spirit

Quality vs. Quantity of Life --

 

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

·       Stop Corporate Abuse

·       Public Campaign Financing

·       Substitute a Progressive Income Tax

·       Replacing Conservative Legislators

 

Quote of the Week

You can’t take it with you.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Calendar of Events

Saturday, April 11, 6 to 9:30 PM at Lee/ Burkhart residence (4802 S Othello St, Seattle) - Seattle Salon, discussion of hot button timely issues.

Saturday, April 11 at 6:30 PM at Bill Bradburd’s home (1640 S Lane Street, Seattle) inSPIRe social potluck, with John de Graaf leading discussion of work/life balance, time, sustainability, vacations and the concept of Affluenza.  Bring a potluck dish and some food for donation to the food bank.

Friday, April 24 (3-9 PM); Saturday, April 25 (9 AM-6 PM); and Sunday, April 26 (9 AM – 3:30 PM) at Seattle – Camp Wellstone training for citizen activists, campaign workers and candidates.  $50 - $200.  To register.

 

 

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

 

Considering our links as news commentaries, our weekly newsletter contains as much political news commentary each week as do typical daily newspapers.  I am spending an increasing amount of time each week, examining half a dozen commentaries for each one that I provide a link for you.  Do you skim the links and click on the ones that interest you?

 

Do you sign any of the petitions?

 

Opportunities and Petitions

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

Access to jillions of political cartoons.

Download Sightline Institute’s climate policy primer ‘Cap and Trade 101’.  About Sightline.

Obtain Progressive States Networks resources for improving many state government services.

Create your own petition.

 

Petitions

Tell Dept. of Health and Human Services to rescind Bush’s Health Care Denial Rule.

Tell your senators to confirm three judge nominees who have expressed pro-choice opinions.

Tell Congress to support a public insurance option in health reform.

Tell Congress to support a public insurance option in health reform.  Different petition than above.

Tell Congress to cut wasteful military spending.

Tell Attorney General Eric Holder to appoint special prosecutor to investigate Bush torture policies.

Tell Governor Gregoire to use stimulus funds for residential weatherization.

 

Commentaries From Our Members

 

Alan Durning: Western Climate Initiative’s Carbon Cap-and-Trade System

 

Dear Dave, As you know, for twelve months and more, Sightline has been working double time—on top of the regular services you make possible such as Sightline Daily and the Cascadia Scorecard—to provide intellectual leadership in Cascadia’s climate policy debate.

 

Like allied leaders and legislative champions, we are hoping that the three largest Cascadian jurisdictions–British Columbia, Oregon, and Washington—will give the force of law to the recommendations of the Western Climate Initiative (WCI), which Sightline informed and shaped last year. Legislation, when it comes, will launch the most comprehensive and progressive carbon pricing program anywhere on earth, making energy prices tell the truth about climate disruption. This is perhaps the biggest chance for progress on clean energy and sustainability in decades; it could boost the economy and share prosperity more widely too.

 

Sightline’s influence in regional climate policy has continued in 2009. Washington Governor Chris Gregoire’s cap-and-trade bill, for example, had Sightline’s fingerprints all over it.  Unfortunately, as I wrote to you two weeks ago, in at least Olympia and Salem, campaigns for WCI’s proposed carbon cap-and-trade system have run headlong into the economic downturn. The legislative prospects for regional climate pricing this season have dimmed.

 

Whatever unfolds, I want you to know, Sightline is poised to make big contributions. We’re not at the end of the game; we’re not even at the end of the first inning. Why?

·      We remain hopeful about the weeks ahead in the legislatures, as senior researcher Eric de Place has written.

·      The pendulum of public and political opinion is swinging in favor of climate pricing, as communications strategist Anna Fahey has written.

·      New doors to climate pricing keep opening. Even as state legislatures consider their options, the WCI process continues, addressing essential specifics of erecting a strong cap-and-trade policy. Meanwhile, perhaps most helpful, President Obama has asked Congress to send him a national cap and trade law this year; his proposed budget even counts revenue from the auctioning of carbon permits under that proposed law.

 

Whatever unfolds in the realm of climate policy, Sightline is ready to follow the opportunities, wherever they lie in the Northwest—even if they lie in informing the Northwest Congressional delegation on what to look for in national cap and trade legislation. The clear, credible, values-based work you make possible will continue to inform and shape decisions, as it has done so dramatically already. Eric Hess, one of our newer staff members, reports that almost one-fifth of all Google searches for the term “cap and trade” brought the searcher to Sightline.org’s Cap and Trade 101 primer. Your support is improving understanding of climate pricing—not only across Cascadia but across North America.

 

So thank you!  And let’s keep it up. This is a time for boldness not timidity. With your help, we’re going to keep swinging for the fences.  Sincerely, Alan Durning, Executive Director, Sightline

 

Rich Austin: Single Payer Insurance Needs a Vote

 

Although 73 Democrats have endorsed HR 676,  the United State National Health Insurance Act (single payer) Speaker Pelosi refuses to hold hearings on the bill.  That is most curious.  Hearings were held on steroid use by professional athletes (perhaps 1/10,000 of the population of our nation).  Hearings are scheduled for BCS (Bowl Championship Series) rating procedures, but 300 million people just like you and I can’t get a hearing on HR 676!

 

Something is rotten is D.C.  The medical-industry complex has lavished over $2.2 billion on Washington, D.C. in the past decade.  Do the math.  That averages out to over $40,000 per year for each member of Congress.

 

News flash!  As I was writing this, Ed Schultz (progressive talk radio host , soon to be on MSNBC)  opined that achieving true health care reform may be the most difficult struggle we’ve faced since the civil rights movement.  And it will take people marching in the streets to win.  Rich Austin

 

Dave Miller: Obama says U.S. Isn’t a Christian Nation

 

At a press conference yesterday in Turkey, President Barack Obama repudiated the Religious Right's fallacy that the United States is a "Christian nation.”

 

In answering a question from the press, President Obama said: “…one of the great strengths of the United States is—although as I mentioned, we have a very large Christian population—we do not consider ourselves a Christian nation or a Jewish nation or a Muslim nation; we consider ourselves a nation of citizens who are bound by ideals and a set of values.”  Dave Miller, president, Eastside Chapter of Americans United

 

Liberals and Democrats

 

Obama Watch – Week 11

Also go to Whitehouse.gov.

Travels Abroad

Tuesday: Traveled to Britain.

Thursday: Attended G-20 economic summit in London.

Friday: Went to NATO summit in Strasbourg, France.

Saturday: Traveled to Prague, Czech Republic.

April 5: Traveled to Ankara, Turkey.

April 6: Visited Istanbul, Turkey.

April 7: Visited Iraq.  Returned to Washington.

 

G-20 Agreements

G-20 agreed to clamp down on tax havens and to provide money for the IMF to assist poorer nations to counter their economic collapse.  Dean Baker questions whether IMF is best funding agency.  G-20 agreed to international regulatory back-up to national regulations.  European countries argued that their safety net is enough stimulus, but agreed to more stimulus if it is needed.  Dean Baker argues that Europeans need to implement more stimulus.

 

President Obama’s Successful Mediation

Mr. Sarkozy and Mr. Hu disagreed about tax havens.  Mr. Obama pulled Mr. Sarkozy aside, took him to a corner, "and discussed possible alternatives.  Once they arrived at one, President Obama "sent a message to the Chinese" that a counter-offer was on the table. The Chinese spent some time considering the offer. But they took a few minutes.  So Mr. Obama, with the assistance of translators, suggested that he and Mr. Hu have a conversation as well. They, too went to the corner to talk. After a few minutes, Mr. Obama called upon Mr. Sarkozy to join them.  They reached an agreement.  There was a multiple shaking of hands.

 

Diplomacy Done Right

President Bush refused to negotiate with countries with whose policies and actions he disagreed, derogating them instead for domestic political reasons.  Turning 180 degrees, President Obama looks for points of agreement and possible cooperation with other countries, negotiating with them on such issues to open the way for negotiating issues of disagreement.  We are quickly seeing that many possibilities for cooperation exist between our Country and Russia, China, Iran, Pakistan and other countries.  For more.

 

A New Relationship

On Friday at a French town meeting, President Obama called for a new relationship between Europe and the United States for a new generation.  We must end the divisions that developed during the previous administration.  We need to develop shared strategies for dealing with our economic collapse and other international issues.  In Prague, President Obama presented an agenda to eliminate all nuclear weapons.  For more.  In Turkey, Obama reached out to Moslems. 

 

In Iraq, American military personnel cheered their commander-in-chief when he strongly emphasized that the Iraqi people, politicians and military must take responsibility for maintaining order.

 

Legislative Expectations

Both houses of congress passed budget resolutions which provide most of what President Obama asked.  Our Obama administration hopes that by the August recess, House and Senate committees will have sent health care bills to the floor and Waxman's House committee will have reported out a comprehensive energy bill.  But opposition to President Obama’s proposals will be difficult to overcome.

See arguments for inclusion of public health insurance in the health reform.  For more.  

 

President Obama’s Multiple Strategies for Reducing Global Warming

 

Cap and Trade

The goal of cap and trade is to "steadily reduce carbon dioxide and other greenhouse gas emissions economy-wide in a cost-effective manner." The "cap" is an annual limit on total pollution; large emitters (such as power plants and petroleum refineries) must acquire pollution allowances from the government. These allowances can be traded, "rewarding the most efficient companies and ensuring that the cap can be met at the lowest possible cost to the economy.

 

As McKinsey and Company has found, putting a cap on carbon emissions corrects market failures by driving investment into efficiency and fuel economy improvements that actually save everyone money. Then it spurs investment into the expansion of renewable energy, creating new jobs and a competitive advantage in the international marketplace. Despite conservative claims, environmental protection creates economic growth. When a cap-and-trade program to stop acid rain pollution from power plants was established in 1990, as Center for American Progress Senior Fellow Daniel J. Weiss explains, industry studies included "hysterical predictions" about "the loss of tens of thousands of jobs, and compliance costs totaling tens of billions of dollars." In reality, pollution reductions cost "one quarter of original EPA estimates," electricity rates fell 10 percent, and the U.S. economy added 16 million new jobs." "American ingenuity and American entrepreneurship and inventiveness," Obama told industry executives last week, "created options that ended up being much cheaper than anybody had imagined." The scope of a carbon cap-and-trade system is much greater.

Energy Conservation

California’s appliance, building, automotive, and utility efficiency standards are a model for the nation — saving money, creating jobs, and saving lives through significant reductions in pollution.  The study by economist David Roland-Holst finds that “California’s energy-efficiency policies created nearly 1.5 million jobs from 1977 to 2007, while eliminating fewer than 25,000.” Today, California’s per-capita electricity demand is 40 percent below the national average:

 

Total electricity use, per capita, 1960-2001

 

Because a coherent energy policy is critical to our nation's future, Obama's proposed plan goes far beyond capping emissions to reform the transportation and electricity infrastructure, prioritize energy efficiency, transform the housing industry, and create millions of new high-paying jobs.  For more.

 

Jim McDermott’s Bill

Congressman Jim McDermott introduced The Clean Environment and Stable Energy Market Act of 2009 in the House of Representatives. You can read the bill online at www.Thomas.gov.  He says, “I want to reduce carbon emissions over time through the use of permits sold at a predictable price that is set by the Secretary of the Treasury.”  “Price predictability is key to enabling producers of products and resources that emit greenhouse gas emissions to reduce their carbon footprint. The reason is simple- the enormous financing that it will take to transform America into a clean and renewable economy will need a stable financial market in order to thrive and sustain this transformation.“


”Yes, my legislation mandates reductions in carbon emissions; in fact, there is a schedule in the legislation that cuts carbon emissions 80% by the middle of the century. And the bill includes a Climate Protection and Economic Security Trust Fund where revenue raised from the sale of permits would be deposited. I envision this money being used to help nurture and sustain the transformation of America into a green economy while protecting vulnerable families and communities along the way.

Youth Are Building Long Term Democratic Supremacy

 

Eric Greenberg’s book Generation We presents a Liberal vision for America and optimistically argues that this is the vision held by our millennial generation, which is becoming our numerically largest generation, becoming politically active and is destined to reform both America and our Democratic Party.  I find his book clear, succinct and persuasive and recommend that everyone read it.  If Greenberg is right, we will win the reforms in the long run, which may be only incompletely run in the short run.

 

Michael Connery’s book Youth to Power describes the many attempts that been made to stimulate youth to political action.  The success of these and future efforts is crucial to quickly enabling our New Politics.  The imperative is for all of us older Liberals to reach out to youth and encourage their significant involvement in our Democratic Party.  They are the voters, we have been hoping for.  In stead of just saying “no” to youth, we need to say “yes you can.”

 

Another growing population and source of Liberal voters are Hispanics.  I hear much about efforts to register them.  But I have seen no action in my Eastside King County neighborhood.  We have many first generation Hispanics in low rent apartments in West Lake Hills.  My several attempts to recruit Spanish speaking canvassers to register them have failed.  

 

Are Our Culture Wars Over?

 

Just as the culture wars of the 1920s (prohibition and anti-evolution) faded with the onset of the depression in the 1930s, so our recent culture wars have been eclipsed by our economic collapse.  President Obama has easily reversed President Bush’s policies on supporting family planning organizations and stem cell research, with more changes to come.  Popular opinion no longer supports Christian Conservative positions, which have been tarnished by the behavior of some of their leaders, and diminished as younger evangelicals embrace a Liberal environmental and social agenda.

 

Continuing to promote Christian Conservative cultural positions will only farther marginalize the Republicans.  Turning off younger voters may even threaten their last strongholds in our southern and border states.  For more.

 

Here’s the Beef

Predictions concerning when our various states will legalize same-sex marriage.

Nancy Pelosi is an excellent political strategist.

The Center for American Progress is siding with the hawks.

Read the Republican questionnaire of members concerning their opinions.

Republicans react strongly against release of Bush torture memos.  Threaten to stop appointments.

 

State and Local

 

Organizing for Washington State Tax Reform

 

Across the country, state leaders are considering obtaining new revenue from high-income residents to avoid budget cuts and fund needed investments for long-term economic recovery. Ignoring tired rhetoric about the panacea of tax cuts for economic growth, nationwide policy leaders are instead raising taxes on high-income residents to fund greater investments in public needs.

 

Increasing Washington State taxes, including the addition of a progressive income tax is now being discussed publicly.  For more.  For more.  For more.  For more.  But as Rohm Emmanuel said, “We can’t let this financial crisis go to waste.”  We must aim for a sustainable high quality infrastructure, economy and safety net which provides opportunities for all of Washington’s people.  For more.

 

Our Priorities

Our message should be economic stimulation, health, education, safety net and tax fairness.

 

Economic Stimulation

Without increased revenue, reductions in vital public services and the staff who provide them will occur, thus adding to our economic recession.  Increased revenue will enable adequate public employment and pay to provide needed public services.  And pay for purchasing services from private contractors.  Supported employees will spend their income to create additional multiplier employment.  Some funds will go to low income people with similar multiplier effects.

 

Health and Education

Health and education are vital parts of our infrastructure, which enable people to be social resources which enhance our economy.  Health and education also provide a safety net to people who would otherwise suffer greatly and produce greater public costs.

 

Safety Net

Many disabled people, children and seniors whose families cannot take adequate care for them, and other depend upon a wide variety of services, including public assistance for income, housing, health care, counseling and training, supervision, and more.  Often unable to advocate for themselves, these people often find their needs are easiest to ignore, and needed services not provided.  Adequate public revenue is particularly necessary for providing an effective safety net.

 

Tax Fairness

Our tax system must be fair.  High income people must pay their fair share for supporting the infrastructure which makes their high income possible, instead of keeping their share as unearned income.  Once our economy recovers, some of the revenue must be used to enable reductions in sales and/or property taxes which unfairly affect our middle and low income people.  In the long run, most people will pay reduced taxes.

 

The next step is to organize to enact such a tax.

 

Name

The organization might be called, ‘Friends of Washington State Government, or ‘Friends of Washington’.  Better might be ‘Care for Washington’ or ‘Washington Cares’.  Its vision might be to enable Washington to have an environmentally sustainable productive economy, with fair distribution of economic results, including an effective safety net.  Its present priority would be to enable Washington State Government to maintain necessary infrastructure and safety net, by providing adequate revenue (through a fair system of taxes and fees).

 

Leadership

Care for Washington should have board members and executive staff which include prominent citizens who have been civically active, successful business or social entrepreneurs, and leaders of advocacy groups.  An effective organization must be quickly built. 

 

Care for Washington should reach out to and coordinate with advocacy organizations, including government reform, religious, environmental, economic, political, ethnic, children, health, education, student, family, labor, consumer, veterans, seniors, housing, poverty and more.  Close cooperation among environmental, labor and political organizations (which is usually lacking) should be created.

 

Membership

Petitions should be circulated by email, household canvassing and in public places to obtain thousands of individual members.  As with Barack Obama’s campaign, software should be used to enable local groups to form, especially youth groups.  Support should also be obtained from hundreds of advocacy organizations.  Membership drives should be closely coordinated with fund raising.

 

Tens of thousands of yard signs and bumper stickers should be easily available throughout Washington.  Slogans might include: Washington Cares, Care for Washington, Reform our Tax System, Don’t Trash Washington, Keep the Lights On, Stop Dino-ism, for just a few examples.

 

The membership drive should proceed rapidly, with the posters and yard signs appearing suddenly to provide a shock and awe experience. 

 

Fund Raising

Donations should not be obtained from corporations.  Wealthy people should be approached for $25,000 contributions with additional $25,000 loans.  Fund raisers should be hired to raise smaller donations. 

 

Many fund raising events should be held, including:

·       Auctions: of donated health, educational and counseling services

·       Runs: with runners running for preschool services, K-12 education, higher education, disabled, children, working families, seniors, etc.

·       Entertainment (with dinner): including music, drama, documentary films and more

 

Paid fund raisers and campaign strategists may be used, but care should be taken to prevent their pride from becoming obstacles to cooperative volunteer campaigning.

 

Creativity

Artists should be invited to create many types of posters, yard signs, bumper stickers, songs, You Tube and longer films, musicals and plays.

 

Many other ideas are should be explored, while some of these may not be feasible.

 

A Glorious Struggle

Our struggle for tax reform will be the mother of all political battles.  It will be high risk, but the alternatives pose a greater risk.  It will pit Liberal and Progressive forces for public good, against Conservative forces for their own self interest.  It will pit proven investment economics against disproven trickle-down market fundamentalism.

 

Our strategy must be to quickly refine and disseminate our message.  We must continually repeat our values and their roots in our American (and Washington) history.  Then we must strongly attack any opponents for their obstruction of jobs, of investment, of infrastructure, of our safety net, and of our Washington people.

 

The above proposals are creative and fanciful.  But by considering lots of ideas, we are more likely to choose the best ones that work.  Dave Thomas

 

New Politics for Washington

 

The New Politics promoted by Barack Obama is rapidly replacing the Old Politics in the other Washington.  But not in our Washington.  Our Democratic Party is still primarily concerned with winning, although success in 2008 elections was limited to our governor.  We fail to see a vision for our common good.  Instead we see individual political entrepreneurs pursuing their own re-election, aided by private campaign contributions.

 

Our national Democratic party is sending several political organizers to our Washington.  Thankfully, they will be accountable to our national instead of state Democratic Party, in spite of our state party chairman’s objections.  Let’s hope they can build the type of grassnet roots campaign that Barack Obama built so successfully for his campaign, particularly mobilizing young people who embrace New Politics.

 

Our 8th Congressional District Race

 

Darcy Burner’s and before her, Dave Ross’s candidacies were severely hampered by their lack of prior political experience.  We have a number of state legislators in our 8th Congressional District, who are well qualified Liberals able to define Dave Reichert and themselves in ways that will appeal to both our urban and suburban and our exurban, small town and rural voters.  Very important will be mobilizing our youth throughout all parts of our 8th Congressional District.

 

Our County Executive Race

 

I have long been an admirer of Ron Sims.  It will be difficult for our next King County Executive to fill his shoes.  I am not acquainted with the three declared candidates: Dow Constantine, Fred Jarrett and Larry Phillips.  They all appear to be well qualified Liberals.  Dow Constantine and Larry Phillips have the advantage of their experience as King County Councilmen.

 

Featured Advocacy Group ---- Environmental Groups ----------------------------

 

Environmental Priorities Coalition and their partners

Washington Environmental Council and their members

Conservation NW

Washington Conservation Voters

Environment Washington

Sierra Club Cascade Chapter

American Rivers

People for Puget Sound

The Nature Conservancy

Futurewise

Transportation Choice Coalition

NW Energy Coalition

Washington Citizens for Resource Conservation

Washington Toxics Coalition

Climate Solutions

Audubon Washington

National Wildlife Federation

 

These environmental groups have different emphasizes and priorities, but they work closely together.  I believe that they should also work closer with labor organizations and with our Democratic party.  Dave Thomas

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

 

Here’s the Beef

Percentage of companies offering health insurance benefits is dropping quickly.

$27 million stimulus funds available for retraining Washington unemployed and low income workers.

 

Nation and World  

 

Mark to Market for Dummies

From Matthew Philips’ commentary in April 13th, 2009 Newsweek.

 

To most people, it's an arcane accounting rule. But to bankers, it's the whole ballgame: "mark to market" pricing is the practice of requiring banks to value their assets based on their current market value. Not what banks paid for those assets yesterday. Not what they could get for them in, say, a year or two when the financial industry has settled down. What they could get right now. Which is basically bubkes. Banks have been pleading for this requirement to be lifted since the credit crisis began, and last week they got their wish. Confused? Here are four things you need to know about "mark to market" in order to sound smart at a cocktail party.

1. Banks say mark-to-market pricing cost them billions
.
When the housing bubble burst, the market for all those mortgage-backed securities vanished, leaving bank balance sheets larded with assets that no one wanted. So at the end of each quarter, banks had to write down billions of dollars of "toxic assets"—even though their value might've been artificially, and only temporarily, depressed. But if banks never intended to sell an asset in the current market, they reasoned, why should they be forced to value it as if they did?

2. The key players: five big-shot accountants in Connecticut.
Banks began lobbying Congress last year to do away with mark-to-market, arguing that they couldn't lend because it had bled away so much capital. Congress in turn put the heat on the Financial Accounting Standards Board, a group of five über-accountants based in Connecticut who write all the rules After months of pressure, including threats to take away its authority, the FASB caved and voted to loosen the rule
.

3. The new guidelines, and the fly in the ointme
nt.
Banks can now use "significant judgment" to value assets. Translation: they can stop assigning doomsday values to securities they think will have more value down the road. The hitch: some investors fear the rule change will help banks disguise their garbage, which was part of what got us into this mess in the first place.

4. Bully for the banks, but will this actually wo
rk?
It'll help big banks like Citi recoup billions in losses. But it does little to solve the underlying problem: piles of troubled assets no one wants. And it might not help for long, because Treasury Secretary Tim Geithner plans to rebuild a market for the assets by handing private investors cheap credit so they can start buying them
up.


We Need to Clean the World’s Water

 

Billions of people are suffering from our increasing lack of clean water.  Global warming, inefficient use and pollution are causing more people to lack the clean water they need.  People, mostly women, have to make greater efforts to obtain water for household purposes.  Millions of children are dying from diseases caused by dirty water.  Farm production is harmed, causing increased food scarcity, malnutrition and death. 

 

We need to slow global warming.  We need to use more water more efficiently.  We need to reduce pollution.  We need new affordable non-carbon based energy to desalinate salt water.  (We also need to quit polluting our oceans.)  Once we recover from our economic collapse, our water collapse may be are next major issue.  Recovering clean water should be part of recovering our economy.

 

Here’s the Beef

At beginning of World War II, U.S. auto companies converted entirely to military production in 1 year.

Military Secretary Robert Gates cuts some military hardware, but still proposes larger budget.  More.

U.S. intelligence agencies still not well organized.

Red Cross reports on U.S. Torture.  ACLU calls for special prosecutor.

Senator Patrick Leahy gives up on truth commission.

Ralph Nader identifies 10 people who early on predicted our economic collapse.

Joseph Stiglitz predicts plan to determine value of mystery securities will fail.

Unionization increases wages of typical service worker by 10%.

Half of workers laid off last year have found new jobs.  Half of new jobs have less pay.

Three types of inequality cause less equal people to die sooner.

More specialists, fewer primary care doctors mean that most attention goes to only parts of us.

One in ten Americans use food stamps.

700,000 unemployed may exhaust their benefits this year.

How to Use Economic Stimulus Funds to Improve Direct Care Jobs.

Tax credits for paid time off makes jobs more family friendly and creates more jobs.

Rising tide for marriage equality.

Local communities create currency to stimulate their economy.

Time Warner seeks to charge internet users by the bandwidth they use.

Center for American Progress calls for electronic companies to avoid using Congo minerals.

Power prices should reflect all costs, including environmental impacts.

Izzies awarded to stars of independent media.  For more.

President Obama should do more than allow visits to Cuba.  He should stop the economic blockade.

 

Our Liberal Spirit

 

Quality not Quantity of Life

 

Our Consumption lifestyle is unsustainable.  We can’t continue borrowing to purchase stuff.  Even assuming increased earnings, if increased earnings are to be maintained, we will need to invest more in our public infrastructure instead of spending for private consumption.  Our environment can’t stand the consumption that we have been doing. 

 

We need instead a Conserving lifestyle which is more oriented to living simply with more emphasis upon our relations with others.  We already see this happening as people cut back their consumption and more people are using MySpace and Facebook.  We must hope that as our economy recovers, people will not return to excessive consumption.  We must hope that the often superficial contacts that people make with MySpace and Facebook are associated with closer ties between us and our relatives, colleagues, neighbors and acquaintances.

 

We need to greatly reduce the number of people employed in financing and selling stuff, from mansions to cars to gadgets and other stuff.  We need our manufacturing workers to switch from producing so much stuff for private consumption to producing products used in our infrastructure.  We need more people employed as caretakers for our disabled, children and seniors, with better training, better wages and better career tracks.  We need to learn to create and enjoy our families the way that we admire in our President Obama’s family.

 

We can’t take it with us.  If we have time to reflect on our death bed about our life, aren’t we more likely to reflect on our relations with the people we love, than with the things that we have loved.  Maybe not for some of us.  But it is striking how many people’s last words seem to be I love you to some other person.  For more.

 

Recommended Books – See our list of books for liberals

Eric Greenberg with Karl Weber, 2008, Generation We.  How Millennial Youth are Taking Over America and Changing Our World Forever.

Michael Connery, 2008, Youth to Power.  How Today’s Young Voters are Building Tomorrow’s Progressive Majority

 

Eric Greenberg’s book contains an excellent description of our Liberal vision and priorities.  He believes that these are held by millennial youth (born from 1978 through 2000) who with their large numbers and increased political activism will increasingly dominate our politics.  Alienated by the Old Politics of both the Republican and Democratic Parties, they describe themselves as Independents, favor the New Politics of serving our common good, and almost always vote for Liberal Democrats.   

 

Michael Connery’s book is a history of attempts to organize the political participation of our millennial generation.

 

 

 

 

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