Obama's policies increase class inequality

Published: Sunday, Dec. 8, 2013 - 7:10 am

Re "Obama makes wealth an issue" (Page A1, Dec. 5): The article should have pointed out that President Barack Obama has pursued policies that increase inequality. They include bank bailouts, too-big-to-fail insurance for large banks and stronger and longer patent and copyright protection. The president also has supported a trade policy that puts less educated workers in direct competition with low-paid workers in the developing world, while largely protecting the most highly paid professionals, like doctors, from similar competition. However, the biggest way in which the government has promoted inequality is by running budgets that lead to large-scale unemployment and underemployment. This policy denies work to millions of people. Plus, since the bargaining power of workers in the bottom third of the labor market depends hugely on the level of unemployment, the high unemployment policy is also reducing their wages.

-- Gary Fitzgerald, Carmichael

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