Puget Sound Liberals Weekly Newsletter #233

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.

 

          3300 members                                 July 2, 2010                   formerly Lake Hills Liberals                

 

 

 

 

                                                     

Our Website                                   Our  Editor                  To Unsubscribe

 

              Table of Contents      * Featured Articles

 

Opportunities

Petitions

 

Communication to Our Members

Special Edition Next Week**

 

Commentaries from Our Members

Don Smith: 2010 WA State Democratic Convention

David Spring: I-1098 Is the Right Thing to Do

Patricia Robertson: Reducing Big Money Influence

Caleb Mardini: Vote Against Big Money in Politics

Amelia Kroeger: Thom Hartmann Exposes Wall Street Banksters

 

Liberals and Democrats Links to the Beef

People-Powered Politics**

Job Creation

Wall Street Regulatory Reform**

Fiscal Irresponsibility*

Increasing Estate Taxes and Charitable Donations

 

State and Local Links to the Beef

I-1098 Volunteer Appreciation Party-

 

Nation and World Links to the Beef

Featured Advocacy Group: Sunlight Foundation

Global Poverty Is Again Increasing

 

Our Liberal Spirit

When Bad Stuff Happens

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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

Shit happens.

 

 

 

 

 

 

 

 

 


Health Care Reform

Job Creation

Regulating Wall Street

Fiscal Responsibility

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calendar of Events

Thursday, July 15 at 6:30 at I-1098 campaign headquarters (1914 North 34th Street on rooftop deck, Seattle)  - I-1098 Volunteer Appreciation Party.

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Opportunities

About Puget Sound Liberals

Basic Training

Commentaries that have addressed major issues

Helpful websites

 

Obtain a free ‘Corporations Are Not People’ bumper sticker.

 

Petitions

Tell candidates and elected officials to take specific steps to stop corporate corruption.

 

Communication To Our Members

 

Special Edition Next Week

 

As I informed you last week, from now on our newsletter will only regularly be published every other week.  However, I have decided that on the other weeks I will occasionally publish a special edition.

 

Next week, I intend to send you such a special edition which will express my views that I consider most important.  These will include:

·       Our Liberal Values

·       Conservative Opposition to Our Liberal Values

·       More About Our Liberal Values

·       Winning Election Strategies

·       Election Reform

·       Like Republicans, Democrats Should Play Rough

·       Fiscal Responsibility

·       Regulating Wall Street Speculation

·       What President Obama Needs to Do

 

Commentaries From Our Members

 

Don Smith: 2010 WA State Democratic Convention

 

On the weekend of June 25 I attended the Washington State Democratic Convention, in Vancouver, WA. Here's a report of some of what I observed and learned.

McDermott on Obama

I spoke for several minutes with Representative Jim McDermott, who looks like a Hollywood version of a distinguished US Senator. I asked McDermott if he has any sense for why President Obama has been so centrist. I mentioned health care, war, and the bailouts as areas where Obama has been a disappointment. McDermott said, "Oh, one could list other areas as well." McDermott said that Obama probably should have chosen a progressive economist like Paul Krugman as an economic adviser. McDermott said he asked Rahm Emanuel about Obama's centrism. McDermott thinks that Obama is by nature extremely careful and methodical, and he is less ideological than most politicians. I said that it surprises me that a black former community organizer, who is smart and who obviously knows about injustice, could be so conservative. McDermott said that often when you elect a politician you don't know what you're getting. People saw in Obama what they were hoping to see. McDermott said that he had supported Hillary over Obama in the primaries. "Obama's policies are --," and here McDermott moved his hands in a wavy fashion, to indicate, I think, that Obama's policies are inconsistent or changeable.

 

McDermott said that he heard that Obama and his advisers were badly scared by the loss of the Ted Kennedy's Senate seat to a Tea Party candidate, Scott Brown. Others have claimed that the loss is due to the weak campaign run by Brown's Democratic opponent, Martha Coakley, and that one can't blame Obama for the loss. But this New York Times article and common sense suggest otherwise: Obama is at least partly to blame, since Obama's policies have allowed populist critics on the right to portray Democrats as the servants of Wall Street, the military, and the corporatocracy. McDermott predicts that the Dems will lose 10 or 12 seats in November's election, though he doubts that the Republicans will win a majority. He said that bad losses in November may be what it takes to turn Obama around. I suggested that, to the contrary, it make push Obama further to the right. McDermott nodded and said that that's possible.

 

I heard McDermott speak in person before a couple of times, including his speech at a single-payer health care colloquium in Seattle. I am impressed by his intelligence, humility, humor and humanity. At the single-payer meeting he expressed considerable sympathy with single-payer but said that it ain't gonna happen. McDermott came under considerable criticism by the single-payer advocates, and it took guts for him to attend.

 

Progressives versus centrists

Friday afternoon I attended the progressive caucus meeting, chaired by Judith Shattuck. The room was pretty packed, which both surprised and pleased me. The meeting lasted but an hour. Brian Gunn of the 31st Legislative District spoke on the Road Kill Caucus of centrist Democrats, about whom I have written previously. (See Centrists and Progressives Fight for Control of Washington State Democrats.) Gunn said that many of the Road Killers actively work with Republicans to kill progressive legislation. One of them, Christ Hurst, runs as an "Independent Dem" -- the point being that "Independent" is spelled out and "Dem" is abbreviated. Separately, Brad Larsen of the 45th LD said that Road Kill members such as Larry Springer, Deb Eddy, and Judy Clibborn, accept BIAW money and vote to kill pro-labor bills in the legislature.

 

By the way, the name "Road Kill" comes from "middle of the road": they're attacked by both the left and the right. Ross Hunter is a member of the Road Kill Caucus. Yet he got a 100% rating from Washington Conservation Voters. And most Road Killers are progressive on social issues and education. So, people aren't monolithic in their progressivism. They're mixed.

 

Several candidates spoke at the meeting. One of them, Bob Burr, is running for US Senate against incumbent Senator Patty Murray. Burr's website http://www.bobburr4senate.com says he's running "against corporate corruption of Congress." In defense of his candidacy, Burr mentioned that Murray failed to sign on to support the Fair Elections Now bill. According to his website, "Patty was a good Senator before she became so entrenched in the system." Burr has pledged to serve only one term. Not only will he not accept PAC money, he will accept absolutely no money from any source. "I will waste no effort raising funds and will owe no favors, concessions or tax breaks to anyone." For more.  Don Smith

David Spring: I-1098 Is the Right Thing to Do

 

Friends, This afternoon (Friday, June 23), I dropped off more than 2 dozen 1098 petitions – including hundreds of signatures - at the 1098 campaign headquarters in Seattle. They said we now have 295,000 signatures. Technically, we only need 240,000 valid signatures. But our opponents will try to challenge the validity of every signature. If we can make it to 320,000 signatures, we can avoid a manual recount and thus the Initiative will automatically qualify for the Fall ballot. Therefore, the 1098 organizers have extended the deadline a few more days and are going to continue to accept petitions through next Tuesday, June 29th in an effort to get the last 25,000 signatures.

 

I have extra petitions for anyone who wants to get a few more signatures this weekend. Just email me and I will bring it to you. And I am willing to pick up your petitions on Monday or Tuesday and drive them over to the 1098 headquarters. But next Tuesday, June 29th, is absolutely the last day. Even if we do not get the final 25,000, it is very likely that the Initiative will qualify. Still, any signatures you can get us this weekend will be greatly appreciated and will put us that much closer to certainty!

 

They will pack up the petitions into boxes next Wednesday June 30th and drive them down I-5 in a huge caravan, leaving Seattle at 8 am next Thursday morning July 1st to present them to the Secretary of State in Olympia at 10 am. You are welcome to join the caravan if you wish. There have been more than 10,000 volunteers who have gathered 1098 signatures – making this one of the largest volunteer efforts in the history of our State! So the caravan is going to be pretty emotional.

 

Some of you have expressed anger at the Seattle Times (and others) who have publicly come out against 1098. I actually think forcing the Seattle Times (and other 1098 opponents) to reveal their true agenda is a blessing in disguise. The public overwhelmingly supports taxing the rich to save our schools. So anyone who opposes 1098 is merely shooting themselves in the foot and exposing themselves as greedy people who do not care about saving the jobs of 10,000 teachers or protecting the future of one million children.

 

Mahatma Gandhi once said that “the first step in achieving justice is making injustice visible.” 1098 is exposing the injustice, not only of our inadequate school funding, but of our unfair tax system. It is also exposing those among us who pretend to care about children, but really only care about themselves.

 

The Seattle Times editorial said they wanted to “reset the size of State government.”  In fact, we are spending far less on State government now than at any point since 1930. For example, in 2000, we spent 12% of income on State government. In 2008 – even before the billions in cuts to schools and other State programs – State spending had plunged to 10% of income. This was a decline in real terms of $6 billion dollars per year. School funding fell from 5% of income to 4% of income (a decline of $3 billion per year). At the same time, tax exemptions for major corporations (including the Seattle Times) skyrocketed from $20 billion a year to $50 billion per year. We do not need to reset the size of State government – we need to reset the size of tax exemptions for major corporations like the Seattle Times!

 

This is exactly what Initiative 1098 does. It forces the super rich – including the owners of the Seattle Times – to start paying their fair share of State taxes. For more than 50 years, the super rich in our State have failed to pay their fair share. They have strangled our schools by controlling (bribing) our State legislature. They falsely claimed that no one could get votes if they advocating for taxing millionaires. Thanks to your help and support, we proved them wrong in 2008 by running on a campaign of taxing millionaires to fund schools here in the 5th Legislative District. We got a record number of votes – even in a heavily Republican district!

 

This year, we will once again have the opportunity to prove the political experts wrong. I am confident we will finally achieve a fair tax system in our State in 2010 and finally make progress towards achieving fair school funding for our teachers and our children. This is truly a historic moment in the history of our State - - and you have all been an important part of it. I greatly appreciate your help and support.  Regards, David Spring

 

Patricia Robertson: Reducing Big Money Influence

 

I attended MoveOn's organizing meeting on Thursday to help determine how we could get out the word on their new campaign for "The Other 98%."  After polling their members, MoveOn has decided that the primary issue most of us care about is the dominance of Big Money, especially corporate money, over our elections, and subsequently over our elected officials.  To that end, they are asking folks to pledge to support three goals that would help reduce this influence, and restore our democracy:

 

·       Overturn Citizens United: Amend the Constitution to protect America from unlimited corporate spending on our elections by overturning the Supreme Court's decision giving corporations the same First Amendment rights as people.

·       Fair Elections Now: Pass the Fair Elections Now Act, providing public financing to candidates who are supported by small donors so they can compete with corporate-backed and self-funded candidates.

·       Lobbyist Reform Act: Pass legislation to end the overwhelming influence of corporate lobbyists by:  prohibiting individuals from switching from corporate lobbing to government service, or vice-versa, within a 5-year period; stopping corporate lobbyists from giving gifts and providing free travel to government officials;  and posting online the attendees and content of all meetings between lobbyists and government officials.

 

If you can put this in the Puget Sound Liberals Newsletter and encourage folks to go to the MoveOn website and take the pledge, and to get involved in local efforts to get others to sign on and make it a reality, it would be appreciated!  Patricia Robertson

 

Caleb Mardini: Vote against Big Money in Politics

 

We have a choice to make.  We can save banks or can save jobs and the economy.

 

Like oil, the financial industry helps keep our economic engine running.  But it is only a part of our economy, we’d be better off “changing the oil” than saving the current bankrupt system.  Banks created hundreds of billions of dollars in bad loans, debts that won’t be paid.  Many homes are worth significantly less than what is owed and many mortgages are at terms unpayable by debtors.  The government can continue to prop up the banks by funneling taxpayer bailouts allowing for record breaking profits and bonuses ($145 billion in 2009 bonuses, up 18% from 2008) in the middle of a financial crisis. But, this does little for an economy and Americans already saddled with debt.

 

The financial sector is by far the largest contributor to political campaigns and holds a lot of influence in government.  In response to this financial crisis, the Bush and Obama administrations have taken a similar bailout approach.  This isn’t surprising when you consider that they are employing the same people that have been advising presidents for decades.  These are some of the people who worked to remove the regulations that lead to our financial crisis.  CEO Hank Paulson left Goldman Sachs to accept a job (and received given a huge tax break) as treasury secretary in 2006.  A few years later he received $700 billion in TARP funds which he asked for to help bailout his former company among others. 

 

This influence isn’t restricted to presidential administrations.  Reuters recently reported that Banking Committee Senator Chris Dodd’s wife is a director of Chicago Mercantile Exchange, a group which will benefit tremendously from the current banking legislation that he’s responsible for.

 

As citizens we cannot continue to allow legislation to be affected by the financial industry and other special interests.  The continued focus on saving the banks prevents companies from having to make hard choices to begin credit write-offs.  It also prevents new and better financial institutions from stepping up to replace entrenched bankrupt ones.  Unless we focus seriously on writing down bad debts, our economic recovery will be slow and jobs growth will be hampered.

 

Vote out the money this election.  Vote with my $25 campaign.  Caleb Mardini, candidate for Washington’s 8th congressional district seat.

 

Amelia Kroeger: Thom Hartmann’s blog exposes Wall Street Banksters

 

There are now Bankster Sharks in the Water...  In his New York Times column, economist Paul Krugman is ringing the warning bell and saying we are in the early stages of a "third depression." "This third depression," he writes, "will be primarily a failure of policy" as the world's leading governments focus "about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."

 

It's truly bizarre to watch country after country across Europe fail to learn the lessons of the past and hang tight to the economic policies of Herbert Hoover and Milton Friedman when both have been tried - and failed - repeatedly in countries all over the world over the past 80 years. The only reasonable rationale for why these national leaders are willing to destroy their social safety nets, throw their working people into serfdom, and drain the resources of their tattered middle classes to reduce their national debts is that - unlike other times in the past - there are now sharks in the water.

Those sharks are the banksters, liberated in 1998 and 2000 by Phil and Wendy Gramm and Bill Clinton, Larry Summers, and Robert Rubin. Now that the banksters have been deregulated and can run trillion dollar gambling casinos, one of their easiest targets are the countries that have a lot of debt - just like the corporate raiders and so-called "private equity" companies look for companies with lots of debt to take down, disassemble, fire all the workers, and ship the jobs to China. Because these bankster sharks are now fully empowered in the waters of international finance, the traditional tool used to get countries out of Depressions - stimulative spending funded by debt - places a country at a huge risk of a shark attack (known in banking as a naked short attack), which can quite literally destroy the economy of a nation.

 

Until the banksters are brought to heel, the wealth of nations will continue to collapse while the wealth of the banksters themselves will continue to explode.  Thom Hartmann

 

Liberals and Democrats

 

People-Powered Politics

 

The following strategic principles for winning elections and governing have best been described by Markos Zuniga and Jerome Armstrong in their 2006 book, Crashing the Gate. Netroots, Grassroots and the Rise of People-Powered Politics.  These strategic principles are particularly relevant to winning in our upcoming fall elections.

1.      Contest races high and low everywhere all the time, thus forcing Conservatives to spend money and effort defending their candidates everywhere instead of being able to divert money and effort from uncontested races to contested ones. Howard Dean has promoted and implemented this strategy In opposition to the Democratic establishment’s losing strategy of narrowing the number of contested races. 

This strategy mobilizes Liberal voters to both vote and engage in additional political activities.  It produces candidates for many lesser offices, forming a farm team of politically experienced and recognized Liberal candidates for higher offices.

2.      Encourage candidates to use the Netroots to raise money and volunteers to canvass and identify likely Democratic voters, instead of relying on large donors which require candidates to use consultants who benefit from spending campaign funds on purchasing commercials.  The result is mobilized Democratic voters instead of wasted campaign funds.  This strategy was successfully pioneered by Paul Wellstone and Howard Dean.  Paul Wellstone expresses this well in his 2001 book, The Conscience of a Liberal.  Reclaiming the Compassionate Agrenda

3.      Continually maintain databases of likely Democratic voters.  Continually canvass to add more likely Democratic voters to databases.  Continually provide  information to identified likely Democratic voters about extreme views of Conservative candidates and potential candidates (See strategy #5).

This strategy and strategy #5 was used successfully by a Liberal coalition in Colorado before the 2006 elections.

The first three strategies provide for continuous political activity, with opportunities for likely Democratic voters to become politically active beyond simply voting and provide for cumulatively improving databases and continuing exposure of Conservative candidates and potential Conservative candidates.

4.      Candidates should also use the Netroots to enable supporters to form their own groups and actively create new strategies and tactics for improving their campaigns.  This strategy was pioneered by Joe Trippi as part of Howard Dean’s 2004 campaign, described in his 2004 book The Revolution Will Not Be Televised. Democracy, the Internet and the Overthrow of Everything.  This strategy was improved by Barack Obama’s presidential campaign.

5.      Just as Conservatives have successfully put Liberal candidates on the defensive, research Conservative candidates and potential candidates and expose their extreme views which counter voters views.  Put Conservative candidates on the defensive so that they defend themselves instead of attacking Liberal candidates.

6.      Just as Grover Norquist has done for Conservatives, get various special interest groups to quit opposing candidates who differ from them.  Labor, environmental, gender and gay rights should support candidates based upon whether these candidates will be generally more liberal than their Conservative opponents. 

This strategy produces a greater variety of candidates who are much more Liberal than their Conservative opponents, even though some of these candidates do not agree with some special interest groups.  While such candidates may be more Conservative on one or several issues, this may enable them to win in Conservative places.  This strategy was used successfully by a Liberal coalition in Colorado before the 2006 elections. 

7.      Just as Conservatives have a simple slogan, “Less government, less regulation, less tax”, Liberals should use a simple slogan: “More fairness for Main Street Americans, more access to good jobs, education and health care.  Liberals should state these values simply without making specific proposals for achieving them, so that they don’t provide targets for Conservatives as Al Gore did in 2000.  Having stated these values simply, Liberals should attack Conservatives for opposing these values in word and deed (see #4). Only during the last few weeks of a campaign should Liberals offer some indication of how they would realize their values. 

This strategy has been successfully used by Liberal candidates in Montana and other places where voters formerly simply agreed with the Conservatives simple slogan.  Barack Obama also used it in his 2008 election campaign.

8.     Just as Republicans have done, Democrats should be disciplined to repeatedly in unison express their values and attack Conservatives in short easy to understand terms.

9.      Just as Republicans have done, Democrats who win elections should assume that they have a mandate to implement measures to achieve their values, instead of attempting to compromise with their Republican opponents.  Abundant experience with presidents Carter, Clinton and Obama shows that such compromises do not produce Republican support, but only emboldens them to further oppose Democratic measures.  It is similarly inappropriate for Democratic candidates to suggest compromises while they are running for office.

These last two strategies are best expressed by Ted Rall in his 2004 book Wake Up, You’re Liberal. How We Can Take America Back from the Right.  Strategy #8 is also expressed well by Bill Scher in his 2006 book, Wait! Don’t Move to Canada. A Stay-and-Fight Strategy to Win Back America.

 

Other books recommend some of these strategies, especially clarifying and repeating our values and attacking Conservatives for opposing them.  The books include:

Paul Begala, 2002, It’s Still the Economy, Stupid

James Carville and Paul Begala, 2006, Take It Back. Our Party, Our Country, Our Future

Peter Beinart, 2006, The Good Fight. Why Liberals - and Only Liberals - Can Win the War on Terror and Make America Great Again

Jared Bernstein, 2006, All Together Now. Common Sense for a Fair Economy

Earth Works Action, 2006, 50 Simple Things You Can Do to Fight the Right

Gary Hart, 2006, The Courage of Our Convictions.  A Manifesto for Democrats

 

Two books contain commentaries by many contributors, some of whom agree with some of the strategies described above and some of whom disagree, wanting Democrats to continue their attempts to appeal to Republican voters:

Dennis Johnson and Valerie Merians (eds), 2004, What We Do Now

Don Hazen and Lakshmi Chaudhry (eds), 2005, Start Making Sense.  Turning the Lessons of Election 2004 into Winning Progressive Politics

 

Every Liberal should be well acquainted with these strategies for winning elections and should implement them, especially during our 2010 and 2012 congressional and presidential campaigns.  Dave Thomas

 

Job Creation

 

In the absence of federal funding, 300,000 teachers will lose their jobs.  Conservatives oppose teachers and federal funding to maintain their jobs.

 

There are 90,000 state and local governments in the United States.  If each of these would successfully assist the creation of 100 jobs, the total of 9 million jobs would reduce our unemployment to acceptable levels.  However, most of these state and local governments are losing jobs.  For more.

 

To force Republicans to choose whether to support or oppose assistance for long time unemployed Main Street Americans, Democrats are promoting a stand alone bill to provide such assistance.  The same bill is being promoted in the Senate.

 

Wall Street Regulatory Reform

 

The Financial Reform Bill as amended in the conference committee appears to be better than the weak bill which passed the Senate.  I watched the conference committee deliberations on C-Span and found them so technical that I couldn’t understand how good they are.  The amended bill includes:

·       An audit of Federal Reserve’s bailout spending to reveal how much was given to which companies.

·       A Consumer Financial Protection Bureau in the Federal Reserve, which comprehensively regulates mortgages, student loans, credit cards and payday loans.

·       Regulating mortgages and mortgage-based securities, including:

·       Banning fraudulent loans

·       Banning bonuses for those who make and approve loans based upon the types of loans they make

·       Requiring lenders to inform borrowers the maximum they would pay on adjustable rate mortgages

·       Banning penalties for borrowers who prepay their loans

·       Requiring lenders to retain 5% of securities which they form, so that they share the risk of securities containing mortgages which will not be paid

·       Reinstating a modified Glass-Steagall Act which prohibits financial agencies which accept short term deposits from speculating.  Different types of financial agencies would be regulated separately by different departments coordinated within one agency to assure coordinated regulation and enforcement, such that companies couldn’t change their form to reduce regulation. Paul Volcker is dissatisfied with the result. 

·       Regulating derivatives, including banning banks with federally guaranteed depositors from forming naked derivatives, but it is unclear how much this will eliminate naked derivatives.  For more.

·       A ten member Council of Regulators led by the Treasury Secretary to monitor the financial system for major risks.  It could liquidate companies which it decides are so big or so interconnected that their failure could imperil the broader economy, with the costs being paid by other financial companies instead of our government.   There is no reason to assume that a Federal Services Oversight Council will detect and prevent future bubbles any better than the Federal Reserve did to detect and prevent the housing-credit bubble that we just experienced.

It provides shareholders the right to comment on payments to managers and salespersons, but the latter do not need to heed the comments.

The following are commentaries on the amended conference bill.  For more.  For more.  For more.  For more.

Unfortunately, the financial reform bill does not immediately break up ‘too big to fail’ megabanks to stop bubbles from forming, but only acts after the bubble has reached a perilous stage. 

It also studies, but does not eliminate the conflicts of interest which motivated rating agencies to give securities unwarranted high ratings, thus deceiving purchasers of these securities.

It also does not include a tax on financial transactions which would reduce Wall Street speculation and produce revenue to reduce our federal deficit.

 

In his weekly address, President Obama praised the financial reform bill and asked for its passage.  But while Representative Barney Frank attempted to toughen the regulations, President Obama and Senator Christopher Dodd attempted to weaken them.  Senator Russ Feingold opposes the financial reform bill because it won’t stop new bubbles from occurring.  For more.   Wall Street speculators made large contributions to members of House Financial Services Committee.  I believe this is a worthwhile reform measure, which I wish had been passed a year ago and which I hope will be strengthened in the future.  Dave Thomas

 

Fiscal Irresponsibility

 

During the last 10 years, President Bush’s tax cuts have reduced government revenue by $2.5 trillion, nearly half of which is due to tax cuts for the highest earning 5% of our people.  For more.

 

Americans care more about jobs than about fiscal deficits.  For more.  AFL-CIO President Richard Trumka offers 8 principles for dealing with deficits.  For more.  In spite of misleading contexting by Conservative America Speaks, several thousand participants at their conferences in 60 cities primarily supported Liberal solutions to reducing our federal deficits.  Their recommendations included:

·         58 percent favored a new higher tax bracket for millionaires.

·         61 percent wanted a financial transactions tax.

·         85 percent wanted to cut military spending.

·         64 percent wanted a carbon tax.

·         85 percent wanted to raise the cap on earnings subject to Social Security taxes--far more than the percent that wanted to reduce benefits or raise the retirement age.

 

For more.  For more.  For more.

 

By increasing taxes for Wall Street speculators and other high income earners in the several % brackets, federal deficits could be reduced to zero, or could be reduced to perhaps $500 billion, with $500 billion spent to stimulate creation of jobs.  But President Obama has shown no interest in doing this, even though it is fiscally responsible and sides with Main Street America against Wall Street.  Perhaps more than any other choice, this one has destroyed President Obama’s claim to make changes that we can believe in.

 

Military costs are under review to eliminate waste.

 

Japan’s debt to GDP ratio is close to 220 percent. Its interest payments take up a bit more than 1.0 percent of GDP each year and it can borrow at long-term interest rates of around 1.5 percent. This is possible because its central bank has bought up much of the government's debt over the last 15 years. Since the economy remains well below its capacity, the central bank's actions have not to led to inflation. In fact, Japan continues to be troubled by deflation.  The European Central Bank could similarly adopt a policy of buying and holding large amounts of the debt of euro member governments. The interest on debt held by the central bank does not impose a burden on governments, since it is rebated to them.  European governments could thus spend more on stimulus programs without increasing their deficits to unsustainable levels.  For more.

 

Increasing Estate Taxes and Charitable Donations

 

The new Responsible Estate Tax Act introduced by Senator Bernie Sanders and co-sponsored by Senators Tom Harkin, Sheldon Whitehouse, and Sherrod Brown increases estate taxes on less than one percent of those who die.  The 400 wealthiest people are worth 1.3 trillion dollars.  During the next 10 years, the proposed estate tax would yield at least $264 billion.  For more.  For more. 

 

If the campaign by Bill and Melinda Gates and Warren Buffett to get our nation’s billionaires to pledge to give at least half of their net worth to charity during their lifetime or at their death, it would raise at least $600 trillion from present billionaires.  For more.

 

                  Here’s the Beef

5 ways to tell if your actions help produce the new Earn, Conserve and Invest economy we need.

Taking the conversation about GLBT justice to rural areas and small towns.

Harry Reid’s Tea Party opponent expresses extreme views.

Republicans support BP.

Conservatives seek to punish borrowers for legally forsaking their homes that have huge mortgages.

Read how Conservatives have sided with Wall Street speculators instead of Main Street Americans.

G-20 serves Wall Street before Main Street.

During Supreme Court nomination hearings, Liberals emphasize Conservative judicial activism.

A majority of Americans support giving letting health care reform time to succeed or fail.

 

State and Local

 

It Is Time to Stop Selling Elections to the Highest Bidder

 

Is it possible for an average person with no money to win a legislative race in Washington State? This year, we are going to find out. I am Democrat running against a 4-term Republican incumbent in a heavily Republican District. To make things even harder, I am also running against a wealthy corporate executive who claims to be a Democrat. At first glance, one might think I don’t stand a chance.

 

Of course, that is what the "political experts" said in 2008. I had no money and I had never ran for office before. I was simply a parent and a teacher who was upset about the fact that our school district was one of the lowest funded, most overcrowded school districts in the nation – even though homeowners in our school district pay some of the highest State taxes in the nation.

 

The political experts pointed out that the average challenger spends more than $200,000 to win a legislative race in our State. I had less than $25,000. They noted I was running in a heavily Republican district where Democratic challengers get only 40% of the vote – even when they spend $200,000! Just to make things even harder, well known Democrat incumbents actively campaigned against me in 2008. They were mad at me because I wanted millionaires and major corporations to pay their fair share of State taxes - and I had criticized Democratic party leaders for giving huge tax breaks to major corporations - money that should have gone to our schools.

 

Despite all of these obstacles, I ran one of the most competitive races in the State in 2008. In fact, I almost won! I got nearly 34,000 votes – the only competitive legislative race in our State in the past 20 years where a challenger has gotten more votes than dollars spent. In addition, I got 6,000 more votes than any Democratic legislative candidate in the history of the 5th District – making me the most popular Democratic legislative candidate ever in the 5th District. 

 

In 2010, the political experts are again claiming I don’t stand a chance. It is likely I will be out-spent at least ten to one. Once again, I am running against BOTH political parties. So what else is new? But here is why I will do even better in 2010 than I did in 2008:

1.      I am a parent and a teacher. The voters trust parents and teachers. Neither of my opponents is a parent or a teacher.

2.      My Republican opponent used to be a corporate lobbyist who advocated for deregulation of banks and oils companies. Deregulation turned out to be a very bad idea and the voters are pretty mad at big banks, oil companies and corporate lobbyists right now.

3.      My Democratic opponent made his money as a corporate executive for Accenture, formerly known as Arthur Anderson, the accounting firm responsible for the Enron scandal.

4.      The voters blame corporate lobbyists and corporate executives for our current economic mess. They also blame BOTH political parties. The voters are angry and they are looking for someone they can trust to go clean up the mess in Olympia. They know I will.

5.      The legislature cut another billion dollars from public schools in the past two years. The parents of East King County are as upset as I am about this. I am the only candidate who has offered a specific solution to the school funding problem.

6.      I have far better name recognition now than I did in 2008. The voters remember I am running to save our public schools, they know I nearly won in 2008, thousands of them already voted for me in 2008 - and they are planning on voting for me again.

7.      While I had one of the largest groups of volunteers in the State in 2008, I have even more now. Most are parents who are as committed as I am to fixing the school funding crisis.

 

I think I will win the Primary and the General Election this year. If I do, it will be one of the biggest political upsets in the history of our State. And it will send a strong message to other legislators that elections in our State are no longer for sale to the highest bidder. We parents are not going to put up with any more excuses. Either legislators will fund our schools - or they will be out of office!   David Spring M. Ed. Candidate for State House, 5th LD, Position 2

 

I-1098 Volunteer Appreciation Party

 

Thursday, July 16 at 6:30 at I-1098 campaign headquarters (1914 North 34th Street on rooftop deck, Seattle) - I-1098 Volunteer Appreciation Party

 

Here’s the Beef

 

Nation and World

 

Featured Advocacy Group

-------------------------------- Sunlight Foundation ---------------------------------

 

The Sunlight Foundation uses cutting-edge technology and ideas to make government transparent and accountable.  It believes that increased transparency will improve the public's confidence in government. The Sunlight Foundation is:

·      A think-tank that develops and encourages new policies inside the government to make it more open and transparent.

·      A campaign to engage citizens in demanding the policies that will open government and hold their elected officials accountable for being transparent.

·      An investigative organization that uses the data we uncover to demonstrate why we need new policies that free government data.

·      A grant-giving institution that provides resources to organizations using technology to further our mission and create community

·      An open source technology community that revolves around the Sunlight Foundation's core mission

 

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Global Poverty Is Again Increasing

 

The new century began on an inspiring note: the United Nations set a goal of reducing the share of the world’s population living in extreme poverty by half by 2015. By early 2007 the world looked to be on track to meet this goal, but as the economic crisis unfolds and the outlook darkens, the world will have to intensify its poverty reduction effort.

 

Among countries, China is the big success story in reducing poverty. The number of Chinese living in extreme poverty dropped from 685 million in 1990 to 213 million in 2007. With little growth in its population, the share of people living in poverty in China dropped from 60 percent to 16 percent, an amazing achievement by any standard.  India’s progress is mixed. Between 1990 and 2007, the number of Indians living in poverty actually increased slightly from 466 million to 489 million while the share living in poverty dropped from 51 percent to 42 percent. Despite its economic growth, averaging 9 percent a year for the last four years, and strong support by Prime Minister Manmohan Singh of a grassroots effort to eradicate poverty, India still has a long way to go.

 

Brazil, on the other hand, has succeeded in reducing poverty with its Bolsa Familia program, an effort strongly supported by President Luiz Inácio Lula da Silva. This program is a conditional assistance program that offers poor mothers up to $35 a month if they keep their children in school, have them vaccinated, and make sure they get regular physical checkups. Between 1990 and 2007, the share of the population living in extreme poverty dropped from 15 to 5 percent. Serving 11 million families, nearly one fourth of the country’s population, it has in the last five years raised incomes among the poor by 22 percent. By comparison, incomes among the rich rose by only 5 percent. Rosani Cunha, the program’s director in Brasilia, observes,

“There are very few countries that reduce inequality and poverty at the same time.”

 

Several countries in Southeast Asia have made impressive gains as well, including Thailand, Viet Nam, and Indonesia. Barring any major economic setbacks, these gains in Asia seemed to ensure that the U.N. Millennium Development Goal (MDG) of halving poverty by 2015 would be reached. Indeed, in a 2008 assessment of progress in reaching the MDGs, the World Bank reported that all regions of the developing world with the

notable exception of sub-Saharan Africa were on track to cut the proportion of people living in extreme poverty in half by 2015.

 

This upbeat assessment was soon modified, however. At the beginning of 2009, the World Bank reported that between 2005 and 2008 the incidence of poverty increased in East Asia, the Middle East, South Asia, and sub-Saharan Africa largely because of higher food prices, which hit the poor hard. This was compounded by the global economic crisis that dramatically expanded the ranks of the unemployed at home and reduced the flow of

remittances from family members working abroad. The number the Bank classifies as extremely poor—people living on less than $1.25 a day—increased by at least 130 million. The Bank observed that “higher food prices during 2008 may have increased the number of children suffering permanent cognitive and physical injury caused by malnutrition by 44 million.” Sub-Saharan Africa, with 820 million people, is sliding deeper into poverty. Hunger, illiteracy, and disease are on the march, partly offsetting the gains in countries like China and Brazil.

The failing states as a group are also backsliding; an interregional tally of the Bank’s fragile states is not encouraging since extreme poverty in these countries is over 50 percent higher than in 1990.  For more.

 

Here’s the Beef

More than half of America’s working adults have been negatively affected by our recession.

Our house passed the Disclose Act to ensure transparency concerning groups who produce election ads.

Fannie Mae seeks to punish people defaulting on often fraudulent mortgages that it should never have bought in the first place.

BP oil leak harms many industries other than seafood gathering and tourism.

Oliver Stone exposes New York Times support of American intervention in Latin America.

Jewish boat will attempt to break Israel’s blockade of Gaza.

Avaaz 1.2 million petition helps keep commercial whale hunting illegal.

 

Our Liberal Spirit

 

When Bad Stuff Happens

 

With all the issues which President Obama has decided to address, he also faces issues which emerge independently of his agenda, including the BP oil leak and General Stanley McChrystal’s criticism.  While President Obama has not responded as well to the BP oil leak as he might have (by proposing BP financed jobs plan for people whose previous jobs were destroyed by the oil leak), Republicans have responded even worse, lessening the damage to President Obama.  President Obama did respond well to McChrystal’s criticism.

 

When bad stuff happens, responses which maintain or expand people’s freedoms and opportunities are helpful, which responses which don’t are harmful.

 

Recommended Books – See our list of books for liberals

 

Benjamin Page and Lawrence Jacobs, 2009, Class War. What Americans Really Think about Economic Inequality

 

This easy to read 109 page book makes abundantly clear that although Americans believe that people should be rewarded for their efforts, the amount of the reward should be limited.  Most Americans recognize that too much economic inequality exists, that so much inequality is bad and that our government should adopt measures to reduce it. 

 

This book refutes the Conservative view that economic inequality is good and that our government should not adopt measures to reduce it.  I strongly recommend this book.  Dave Thomas