Before the mid-2006 collapse of the home price bubble, it stimulated
ʻO ke kumu kokoke i hoʻopau i kēia ʻano ʻauhau a me ka hoʻolilo ʻana ʻo ia ka hāʻule ʻana o ka huʻi waiwai. ʻO ia hoʻi, ua nāwaliwali kahi kumu nui o ka hoʻoulu ʻana i pili i ka ʻōhū.
Few commentators or policymakers, most recently and perhaps even shockingly the former Federal Reserve Chairman Alan Greenspan, foresaw the plunge in the real estate market. One of the few who did predict the housing crash and its prolonged, nasty effects was author and economist Dean Baker, co-director of the Center for Economic and Policy Research in
ʻO ka hoʻoheheʻe ʻana o ka huʻihuʻi ke kumu i ka emi ʻana o ka hoʻokele waiwai ma ka ʻoihana pilikino. Ke hoʻomāhuahua nei kēlā piʻi ʻana i nā hemahema kālā o nā mokuʻāina a me nā aupuni kūloko.
Pono nā luna kānāwai o ka moku'āina a me ka'āina e hana i nā mea'ē aʻe ma mua o ka noʻonoʻoʻana i kahi eʻoki ai i ka hoʻolimalimaʻana no ke kaulikeʻana i kā lākou kālā. He maʻalahi kaʻu ʻōlelo aʻoaʻo iā lākou.
Lobby the federal government to bail out cities and states with grants, not loans. This fiscal policy would eliminate state and local budget deficits that, unchecked, will lead to cascading service cutbacks and job layoffs. That downward spiral will lead to a decline in the lives of
ʻO ka hana mua e wehewehe i ka pilikia, ʻo ia ka hopena o ke au o ka hoʻoulu ʻana i ka hoʻokele waiwai mai ka piʻi ʻana o nā waiwai waiwai ma ka ʻāina. ʻO ka ʻanuʻu ʻelua, ʻo ia nā haʻawina federal no nā kūlanakauhale a me nā kālā mokuʻāina e luʻu ana i ka ʻīnika ʻulaʻula.
Ma ke ʻano he poʻe ʻauhau ʻauhau, ʻo ka poʻe ʻAmelika, e hoʻolako kālā i kā lākou aupuni kūloko a mokuʻāina i ka makemake nui o ka loaʻa kālā. ʻO kēlā mau kālā kālā no ka mālama ola olakino, nā kula a me ka transit e lilo i mea ola i kēia mau manawa paʻakikī.
Noho ʻo Seth Sandronsky a kākau i loko
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