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Yes We Can!
It’s Time for a Just Economy for All!
There is no doubt the election of Barack Obama is a watershed. An 8-year-long national nightmare is coming to an end. But there is a tremendous amount of damage to repair. Foremost is addressing the economic crisis that is upon us and which touches on every concern from the environment and healthcare to wars and energy. So [...]
Continue reading...A Market Failure?
6. October 2008
“we say that this ideology is failing, I beg to differ. I actually believe it has been enormously successful, enormously successful, just not on the terms that we learn about in University of Chicago textbooks, that I don’t think the project actually has been the development of the world and the elimination of poverty. I [...]
Continue reading...The Bailout is Still Bullsh*t
3. October 2008
This bailout bill – or call it what it really is, an extortion bill – is the first salvo in a longer and much larger battle. Government actions this year and this bill have created an enormous ideological and political opening. We can start to overturn the neoliberal model, but it won’t happen by itself. We [...]
Continue reading...Senate Passes Bailout…Time to Storm the House!
2. October 2008
Call your representative, protest their offices, keep the pressure on! This is a BAD BILL! They’re bribing representatives, customizing the bill with concessions for representatives who voted NO on Monday. [Reporting from Talking Points Memo, The Nation] → Email Campaigns: New Deal for Main Street | No Blank Check for Wall Street → Support the No Bailouts Act here and [...]
Continue reading...Protest Wednesday October 1st
30. September 2008
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 [...]
Continue reading...A 21st Century New Deal
30. September 2008
Paulson’s middle class heist was stopped this time. Now we must rally around alternate proposals, ones that move quickly to fix our broken system while taking into consideration long term needs. We have to combine pressure on congress to resist fatcat welfare with sound and sensible solutions. No more window dressing! We need an honest [...]
Continue reading...Tell Congress: Bail Out Main Street!
30. September 2008
While there’s a distinct possibility the bail out plan will pass this week, we should oppose it both before and after it passes. Building on the wave of protests against the Wall Street bailout since last week, we must keep the pressure on! On Wednesday, Oct 1st → Find Events Near You and Post Your Action Here! → Protest at Bowling Green in NYC [...]
Continue reading...WE DID IT!
29. September 2008
WE DID IT!!! Let me repeat that. WE! DID! IT! We joined together and killed this abomination! Which means our work has just begun. Seek Solutions & Take Action
Continue reading...CODEPINK Die In Press Release
29. September 2008
FOR IMMEDIATE RELEASE: CONTACT: Liz Hourican, CODEPINK 202-903-3363 Medea Benjamin, 415-235-6517 TAXPAYERS SAY “OVER OUR DEAD BODIES” TO BAILOUT Call for a taxpayer revolt and ‘die-in’ on Capitol Hill WHEN: Monday, September 29, 12 p.m. WHERE: Outside Cannon Building, Independence and New Jersey Ave., House of Representatives, Washington DC
Continue reading...9/25 Protest Wall Street!
26. September 2008
Everyone, This week the White House is going to try to push through the biggest robbery in world history with nary a stitch of debate to bail out the Wall Street bastards who created this economic apocalypse in the first place. This is the financial equivalent of September 11. They think, just like with the Patriot Act, [...]
Continue reading...The free markets are completely discredited. There is significant political space to build a broad consensus for a 21st-Century New Deal that would stop spending our tax dollars on war and Wall Street, and instead help struggling homeowners and build affordable housing; fund job creating projects for clean energy and rebuilding our infrastructure; and fund a universal health-care system that would help American families, while cutting the nation's long-term healthcare costs.
It's time to for a taxpayers revolt against this mind-boggling Wall St. bailout. It's time to build a broad coalition to demand a 21st Century New Deal. This is our best, last hope.
A Sensible Plan for Recovery
The Institue for Policy Studies has released a plan based around the following elements:
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• A stimulus for Main Street: Aid to the real economy
• Make Wall Street speculators pay for the bailout: No more debt
• Shut down the casino: Rein in the unregulated financial sector
• Limits on CEO pay and prohibitions on profiteering from the bailout10 Ways to Bail Out Wall Street (and Main Street) Without Soaking Taxpayers in Debt
By Chuck Collins and Dedrick Muhammad, AlterNet. Posted September 25, 2008.
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Who says we need to borrow a trillion dollars to save Wall Street from its own excesses?Why Bail? The Banks Have a Gun Pointed at Their Head
I’ve heard lots of phony stories. Much of the country’s political and economic leadership has been running around raising the prospect of the Great Depression and a breakdown in the banking system (I actually had taken the latter seriously). These stories are absolutely not true.
[more]America Needs A New New Deal (WSJ Opinion)
President Franklin Delano Roosevelt outlined the problem clearly in his first fireside chat, a week after taking office. “We had a bad banking situation,” Roosevelt said. “Some of our bankers had shown themselves either incompetent or dishonest in the handling of people’s funds. They had used the money entrusted to them in speculations and unwise loans . . . It was the government’s job to straighten out this situation and do it as quickly as possible.”
[more]Trickle-Up: What a Progressive Bailout Would Look Like
[AlterNet] Keep families in their homes and loosen credit markets without rewarding Wall Street’s wheeler-dealers for their recklessness.
[more]From James K. Gailbraith
The point of the bailout is to buy assets that are illiquid but not worthless. But regular banks hold assets like that all the time. They’re called “loans.”
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30. October 2008
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