Listen, Liberal: Or, What Ever Happened to the Party of the People?

by Frank, Thomas

  On Obama’s nefarious designs on the American Dream, see Lynn Forester de Rothschild, “Barack Obama’s America,” Huffington Post, December 1, 2008. On the 2015 Hillary fund-raiser, see Tom Rowley, “On Martha’s Vineyard, Casual Meets Political,” Washington Post, August 15, 2015.

    6. Wolfe, “Mauve Gloves and Madmen, Clutter & Vine,” in the anthology of the same name (Farrar, Straus and Giroux, 1976).

    7. On average, executives in Decatur, which Mills called “Central City,” made $137 per week, while wage workers made $59. See “The Middle Classes in Middle-Sized Cities,” American Sociological Review, vol. 11, number 5, October 1946, p. 521.

    8. According to data compiled by the AFL-CIO’s “Executive Paywatch” website. See http://www.aflcio.org/Corporate-Watch/Paywatch-2015.

    9. Quality of life metrics: http://www.growdecatur.org/community-assessment-survey.html. Threatened photographer: http://www.illinoisinfocus.com/central-park.html.

  INDEX

  The index that appeared in the print version of this title does not match the pages in your e-book. Please use the search function on your e-reading device to search for terms of interest. For your reference, the terms that appear in the print index are listed below.

  ABInBev

  Ackman, William

  Affordable Care Act “Obamacare” (2009)

  Afghanistan

  AFL/CIO

  Agenda, The (Woodward)

  Aid to Families with Dependent Children (AFDC)

  AIG

  Airbnb

  Alexander, Michelle

  Allen, George

  Allen, Paul

  All in the Family (TV show)

  Alter, Jonathan

  Altman, Roger

  Amazon

  American Prospect

  America: What Went Wrong (Barlett and Steele)

  Ameriquest

  Andreessen, Marc

  antitrust

  Apple, Inc.

  Archer Daniels Midland

  Argentière Capital

  Arnold, Thurman

  Atari Democrats

  Audacity of Hope, The (Obama)

  Austin, Texas

  Bai, Matt

  bailouts

  Bain Capital

  Baird, Zoë

  Balz, Dan

  banks. See also investment banks; Wall Street

  bailout of

  Bill Clinton and

  blue states and

  deregulation of

  Hillary Clinton and

  McCain and

  microlending and

  mortgage crisis and

  Obama and

  subprime lending and

  too big to jail

  Barkan, Al

  Barofsky, Neil

  Bateman, Milford

  Baucus, Max

  Begala, Paul

  Bell, Daniel

  Benton, Thomas Hart

  Bernanke, Ben

  Bernstein, Carl

  Beta Boston

  Bezos, Jeff

  Biden, Joe

  Biewald, Lukas

  big data

  Bill & Melinda Gates Foundation

  bipartisan consensus

  Black Lives Matter

  Blueprint

  blue states

  Blumenthal, Sidney

  Bono

  Born, Brooksley

  Bosnia

  Boston Globe

  Boston University

  Bowles, Erskine

  Bowles-Simpson Commission

  Breuer, Lanny

  Brint, Steven

  Brock, David

  Brooks, Clem

  Brooks, David

  Brown, John

  Bruni, Frank

  Bryan, William Jennings

  Bukowski, Charles

  Bull Run (Gross)

  Bush, George H. W.

  Bush, George W.

  Bush, Jeb

  Callahan, David

  Canada

  Caribbean Free Trade Initiative (CAFTA)

  Carney, Jay

  Carter, Ashton

  Carter, Jimmy

  Caterpillar

  CEO compensation

  Changing Sources of Power (Dutton)

  charter schools

  Chicago

  Christensen, Clayton

  Citibank

  Citicorp Foundation

  Civil Rights Act (1964)

  Civil Rights Division, Department of Justice

  Clinton, Bill

  appointees and

  big government and

  change and

  consensus and

  counter-scheduling and

  crime bill and

  deficit and

  deregulation and

  DLC and

  economy and

  education and

  election of 1992 and

  election of 1996 and

  GOP attacks on

  health care and

  impeachment of

  Martha’s Vineyard and

  meritocracy and

  microlending and

  NAFTA and

  Social Security and

  tax cuts and

  Wall Street and

  welfare reform and

  Clinton, Chelsea

  Clinton, Hillary

  Arkansas career of

  Bill Clinton presidency and

  Black Lives Matter and

  Clinton Foundation and

  health care and

  inequality and

  Iraq War and

  mass incarceration and

  meritocracy and

  microlending and

  presidential campaign of 2007–8 and

  presidential campaign of 2015–16 and

  as Secretary of State

  Senate career of

  Wall Street and

  welfare reform and

  women’s rights and

  Clinton Foundation

  Clinton Presidential Library

  Cluetrain Manifesto, The (Locke)

  Coca-Cola

  cocaine-crack disparity

  colleges and universities

  Commerce Department

  Commodities Futures Trading Commission

  Commodity Futures Modernization Act (2000)

  complexity

  Consumer Financial Protection Bureau (CFPB)

  Cool Cities Initiative

  COPE

  Council of Economic Advisers

  counter-scheduling

  Cowie, Jefferson

  Craig, Gregory

  cramdown

  creative class

  credit-default swaps

  crime. See also mass incarceration; Violent Crime Control and Law Enforcement Act

  Criminal Division, Department of Justice

  Croly, Herbert

  “Cross of Gold” (Bryan)

  Cruz, Ted

  Cuba

  Cuomo, Andrew

  Daley, Bill

  Davis, Lanny

  Dayton, Ohio

  Death of the Liberal Class (Hedges)

  death penalty

  de Blasio, Bill

  Decatur, Illinois

  Defense Department

  deindustrialization. See also postindustrial economy

  Delaware

  DeLay, Tom

  Democratic Leadership Council (DLC)

  Democratic National Convention

  1968

  1972

  1992

  1996

  2004

  Democratic Party. See also McGovern Commission; New Deal; New Democrats; and specific elections; legislation; and presidents

  blue states and

  centrism and

  creative class and

  education and

  entrepreneurship and

  evolution of

  inequality and

  innovation and

  meritocracy and

  New Economy and

  professionals and
/>
  rich liberals and

  Silicon Valley and

  Social Security and

  Wall Street and

  Denny’s restaurants

  depression of 1930s

  deregulation

  D. E. Shaw Group

  Dion, Marc Munroe

  Disciplined Minds (Schmidt)

  Dodd-Frank Act (2010)

  Doerr, John

  Dole, Bob

  Dorgan, Byron

  dot-com bubble

  Dow Jones Industrial Average

  Dukakis, Michael

  Duncan, Arne

  Dutton, Frederick

  Earned Income Tax Credit

  Easy Rider (film)

  Eccles, Marriner

  Economist

  Edelman, Peter

  education. See also charter schools; colleges and universities; meritocracy; public schools

  Education Department

  e-Libya

  Emanuel, Rahm

  Emerging Democratic Majority, The (Davis)

  Emerging Democratic Majority, The (Judis and Teixeira)

  Employee Free Choice Act

  Enron

  entitlement reform. See also Social Security; Medicare

  entrepreneurs

  environment

  Environmental Protection Agency (EPA)

  Exxon

  Facebook

  Fall River, Massachusetts

  Fall River Herald News

  Farmers’ Alliance

  Faux, Jeff

  federal budget deficits

  Bill Clinton and

  Obama and

  Reagan and

  Federalist Papers, No. 10

  Federal Reserve

  Federal Trade Commission (FTC)

  Ferrera, America

  financial crisis of 2008. See also mortgage crisis

  Firestone

  First Civil Right, The (Murakawa)

  Fischer, Frank

  Florida, Richard

  Folklore of Capitalism, The (Arnold)

  food stamps

  Fortune

  Fortunes of Change (Callahan)

  Fox Business channel

  free trade. See also specific treaties

  Freidson, Eliot

  Friedman, Thomas

  From, Al

  Froman, Michael

  Galbraith, James K.

  Galbraith, John Kenneth

  Galston, William

  Gates, Melinda

  gay rights

  marriage equality

  Gehry, Frank

  Geithner, Tim

  General Motors

  Georgetown University

  Gergen, David

  Germany

  Gilded Age

  Gilder, George

  Gillon, Steven

  Gingrich, Newt

  Glass-Steagall Act (1933)

  repeal (1999)

  globalization

  Goldman Sachs

  10,000 Women Project

  Goodman, Paul

  Google

  Gore, Al

  Grand Bargain

  Great Divide, The (Sperling)

  Green, GloZell

  Greenspan, Alan

  Griffin, Mike

  Gross, Daniel

  Gruber, Jonathan

  Gruman, Harris

  Grunwald, Michael

  H-1B visas

  Hachette

  Hamilton Project

  Hard Choices (H. Clinton)

  Harris, John

  Hart, Gary

  Harthorne, John

  Harvard University

  Hayes, Chris

  health care. See also Affordable Care Act

  hedge funds

  Hedges, Chris

  Heritage Foundation

  Hewlett Packard

  Hitchens, Christopher

  Holder, Eric

  Hoover, Herbert

  Hopkins, Harry

  HouseCall

  How Google Works (E. Schmidt)

  Humphrey, Hubert

  Iacocca, Lee

  Illich, Ivan

  India

  Indiana

  IndyMac Bank

  inequality

  acceleration of

  Bill Clinton and

  Decatur and

  Democrats and

  education and

  Hillary Clinton and

  innovation and

  Massachusetts and

  Obama and

  professional class and

  Rhode Island and

  sharing economy and

  technocracy and

  infrastructure

  innovation

  Massachusetts and

  rules circumvented by

  Intel

  International Math Olympiad

  International Women’s Day

  International Year of Microcredit

  Internet. See also Silicon Valley; technocracy

  In the Shadow of FDR (Leuchtenburg)

  investment banks

  Iran

  Iraq War

  Isaacson, Walter

  It Takes a Village (H. Clinton)

  Jackson, Jesse

  Jackson, Robert

  Jefferson, Thomas

  Jobs, Steve

  jobs. See also unemployment

  NAFTA and

  sharing economy and

  training and

  Johnson, Dirk

  Jones, Jesse

  Jordan, Vernon

  JPMorgan

  Judis, John

  Justice Department

  Kahn, Alfred

  Kalanick, Travis

  Kamarck, Elaine

  Kennedy, Robert F.

  Kerry, John

  King, Martin Luther

  Klein, Joe

  Knapp, Bill

  Knights of Labor

  knowledge economy

  Kraft, Joseph

  Krugman, Paul

  Ku Klux Klan

  labor

  flexible markets for

  law and

  share of nation’s income

  labor unions

  NAFTA and

  Laden, Osama bin

  Lanier, Jaron

  Larson, Magali

  Lasch, Christopher

  LawTrades

  learning class. See also education; knowledge economy

  Lee, Michelle

  Lehane, Chris

  Lehman Brothers

  Leuchtenburg, William

  Lew, Jack

  Lewinsky, Monica

  Lewis, Ann

  LIBOR scandal

  Libya

  Lieberman, Joe

  Life

  Lincoln, Abraham

  lobbyists

  Long Beach Mortgage

  Mack, John

  Madison, James

  Mandela, Nelson

  manufacturing

  Manza, Jeff

  March on Washington (1963)

  Markell, Jack

  Maron, Marc

  Marshall Scholars

  Martha’s Vineyard

  Massachusetts

  Department of Housing and Economic Development

  health care system

  state legislature

  Massachusetts Institute of Technology (MIT)

  Innovation Initiative

  MassChallenge

  mass incarceration

  McCain, John

  McCaskill, Claire

  McChrystal, Stanley

  McGovern, George

  McGovern Commission

  MCI

  McKinsey firm

  Mechanical Turk

  Medicare

  meritocracy

  Mexico

  financial crisis of 1995

  NAFTA and

  Microcredit Summit (1997)

  microlending

  Microsoft

  Miller, Zell

  Mills, C. Wright

  minorities

  Mondale, Walter

  monopoly

/>   Morgan Stanley

  Morozov, Evgeny

  Morris, Dick

  mortgage-backed securities. See also subprime mortgages

  mortgage crisis

  Moving the New NY Forward (Cuomo)

  Murakawa, Naomi

  Nasdaq

  National Association for the Advancement of Colored People (NAACP)

  National Economic Council

  National Public Radio (NPR)

  National Security Agency (NSA)

  neoliberalism

  New Deal

  demise of coalition

  New Democrats

  New Economy

  New Jim Crow, The (Alexander)

  New New Deal (Grunwald)

  New Republic

  Newsweek

  New York Times

  Magazine

  9/11 terrorist attacks

  Nixon, Richard

  No Ceilings

  North American Free Trade Agreement (NAFTA)

  Northeastern University

  Nuclear Regulatory Commission

  Obama, Barack

  antitrust and

  appointees and

  bailouts and

  bipartisan consensus and

  Cooper Union speech

  deficit and

  economic policy and

  education and

  election of 2008 and

  election of 2012 and

  financial crisis and

  foreign policy and

  GOP obstruction and

  Grand Bargain and

  Hillary Clinton and

  inequality and

  innovation and

  job creation and

  keynote speech of 2004

  labor and

  legislative victories and

  Martha’s Vineyard and

  mass surveillance and

  meritocracy and

  microlending and

  ocean liner theory and

  Patrick and

  sharing economy and

  Silicon Valley and

  Social Security and

  State of the Union Addresses

  stimulus and

  TPP and

  Wall Street and

  white collar crime and

  Obama, Michelle

  Office of Management and Budget

  Office of Price Administration

  Orszag, Peter

  Otero, Maria

  Oxford University

  Pact, The (Gillon)

  Page, Clarence

  Palin, Sarah

  Parker, Sean

  Patent and Trademark Office

  Patrick, Deval

  Paulson, Hank

  pensions and retirement

  “People’s Republic of Zuckerstan, The” (Summers)

  Perot, Ross

  pharmaceutical industry

  Philadelphia Inquirer

  Phillips, Kevin

  PhRMA lobby

  PIMCO

  Pixar

  Plankenhorn, Royal

  Plouffe, David

  Politico

  Politics of Rich and Poor, The (Phillips)

  populism

  postindustrial economy

  poverty

  deep and extreme

  microlending and

  welfare reform and