Building on the wave of protests against the Wall Street bailout since last week, we must keep the pressure on! Say No to the Bush-Paulson bailout.
→ Protest at Bowling Green in NYC at 12pm!
→ In conjunction with Jobs with Justice, we are calling for actions against Congress on the same day. Its time to put Congress on notice that they pass this bill at their own risk.
→ Email Campaigns: New Deal for Main Street | No Blank Check for Wall Street
→ Call Congress Now: Capitol Switchboard: (202) 224-3121
→ Got Action? Submit yours here as well as at TrueMajority’s event list.
The Rainforest Action Network lead the charge at the action on Wall Street Today
October 1st, 2008 at 5:11 pm
I think it’s time to start marching on washington, Like we did in the 60’s and demand they straighten out this mess without a bailout rescue plan.Why should we help Bush,Cheny,corperations who send our good jobs overseas,and don’t pay their fair share of taxes,and now want to rob hard working american familys of future for a hand full of rich fat cats from Wallstreet who are responsible for this crissis.Demand justice,stop the lobiests ,take our governmentback for we the people!! Our forefathers did,Remember? the Boston Tea Party!!!!
October 1st, 2008 at 6:59 pm
I have called my representatives in Virginia, Jim Web and Frank Wolfe and shared my opinion that serious thoughtful reforms are required and throwing money at this crisis in the form of a bail out is throwing good (or not good) money after bad. NO BAIL OUT!!!
October 2nd, 2008 at 12:01 am
AGREED 100%. Corrupted corporations, leaded by corrupted CEO’s, protected by corrupted fat cats on their boards, with their corrupted executives operated at the blind eye of corrupted governmet authorities, caring only for themselves.
They didn’t consider the average hard-working, honest person who has sacrificed expendind to provide for a family, achieve the american dream owning a house and retire. Why should the corrupted people be rewarded? The Enron’s, the Subprime’s the oil piping, all just pocketing the money…Why not invest in… we the people?
October 2nd, 2008 at 12:52 am
The current US economics is sick with a chronic disease that it caught many years ago ( ~1980) when the factory owners, abetted by those in Wall Street, moved the manufacturing to oversea in order to increase the profits for the rich. With manufacturing job gone, ordinary Joe is either out of work or can only find a job with lower payment since the rich and the government under their control are so near-sighted that they do not want to spend any resources to retrain him or train the future Joes for a better job. The lose of manufacturing has many dire consequences, among them are, (1) most young people are no more willing to study science and technology and to engage in invention to create new products or innovation to improve the quality of previous ones; instead they flock into various services businesses such as finance, management, law, medicine etc that pay much higher salary, (2) the salary for most of those workers who manage to hold on their jobs stagnates, and that is is one reason that lures them to actively participate in the creation of real estate bubble hoping to compensate their lose in real income,
(3) Wall Street can not make much money out of the investment or speculation in technology and manufacturing since US has lost its edge in science, technology and manufacturing, so it makes bubbles somewhere else such as in real estate to make a profit for the rich who has the capital (Capital lives a life of virus, it must find a host to multiply ), The lose of manufacturing job, in fact, pose a dilemma for the riches since in order to realize the high profit, they must sell the foreign-made products to Joes in US. This dilemma was solved by the “ingenuity” of Wall Street gurus (the same “smart” people
who desert science, technology and factory works for easy money by making bubbles, that is, by infecting other organisms): renting money to poor Joe so he could keep consuming the foreign-made products. For a while, things were going very well and Wall Street was booming with all sorts of loans and credits, and many flavors of securities and derivatives. And the thirsty of greedy and rich is satisfied for a while since they can make money on both fronts at the same time: (1) much higher profits from manufacturing products oversea and selling them in US or Europe (The reason is simple: they pay much less to those oversea workers and they get away with the damage to their environment), (2) the interests from poor Joe who could keep consuming their
products only by borrowing more and more. However, for anyone with
intelligence above the average, such a highly-unbalanced system will collapse, at least locally or temporally, before reaches a new equilibrium. It is only a time when such a bubble will bust. Now it is obvious the time.
The bailout plan provides no solutions at all to the root of the current
economic problems. In the contrary, it will only exacerbate this chronic
economic disease by transferring the money from the middle class and the poor to the rich. It is a sad day for US that the Senate passed such an
ill-conceived bill to enlarge the gap between the poor and the rich, and
consequently done a great harm to US in the long-run.
October 2nd, 2008 at 6:24 am
Although I cannot say I’m surprised, I am absolutely HORRIFIED about the bailout plan getting passed last night. This is absolute proof of where our government’s priorities lie. They are NOT with the majority of the citizens in this country who are constantly struggling to make ends meet. And I hate to admit it, but it is entirely our own fault. Complacency has finally snuck right on in and nipped us all in the butt. We elected them to office, and theoretically, they work for US. Can’t we fire them, or something??? IT IS SERIOUSLY TIME TO VOTE, PEOPLE!!! SPREAD THE WORD… If you think voting isn’t going to be enough… then pull out your sneakers and MARCH! It is time to make ourselves heard!