Sunday, September 28, 2008

Info on financial crisis...

Info on financial crisis

Here are some links on articles and resources about the financial crisis now upon us. Check back here tomorrow for a much more complete report…

From National Jobs With Justice, ACT NOW – CONGRESS VOTES TOMORROW!!!...

Tell Congress it's time to STEP UP! (Save The Economy, Pronto & Undo Profiteering)

Over the past 30 years, conservatives successfully gutted regulation and preached 'smaller government' while millions of Americans lost good jobs and Wall Street and corporate America made record profits. Wall Street invented new, more complicated ways to make money off other people’s money

Now that the party’s over, Bush & Co. want to plunder the rest of us to pay the bill for Wall Street’s greedy rampage.

Tell Congress: Stop the Bail-out; Pass a recovery plan instead.

Now that they’ve made so much money, they say that the huge Wall Street firms, paying grotesque salaries, are "too big to fail," so a quick-fix blank check is making its way through Congress.

Apparently, conservatives think our health care crisis isn't big enough to fix (and it would certainly take less than $700 billion). Apparently, the loss of millions of good jobs due to so-called 'free trade' is not a big enough crisis to fix. The disaster from Hurricane Katrina was not big enough to fix, and New Orleans could be left to fail. The looming pension crisis and the affordable housing crisis -- none of these, apparently, deserves a bail-out.

For conservatives and financial elites, when working class people face a crisis, plants close or health care costs triple, the system is working. They take all the private profits, but when the bubble bursts, and they can no longer sustain their profiteering rampage... well, they're too big to fail. And who pays the bill? The CEOs are telling Congress to send the bill to working people – the very people who have been forced out of their housing, out of their jobs, out of their healthcare and out of their pensions by Wall Street’s greed.

Call and write. Time is short.

Call your Representative and Senator through the Capitol Hill switchboard - (202) 224-3121 - to tell them:

1) No Bail-out for Wall Street. They had their fun, now they deserve the hang-over.

2) Don’t be panicked by the very people that caused the crisis. Take the time to develop a REAL recovery plan for our economy that puts people first, by addressing foreclosures, jobs, affordable housing, pensions, infrastructure and health care.

3) Restructure our financial systems, with renewed public oversight, to meet the needs of our entire economy, not just the finance sector, and end the excessive political clout of these few firms.

4) Bring in fair taxation, honoring work over wealth, and stop subsidizing excessive CEO salaries.

For info on Jobs With Justice actions this coming Wednesday…

http://jwj.org/index.html

http://jwj.org/coalitions.html


Jonathan Tasini posts on Workinglife.org…

http://www.workinglife.org/users/index.php?home=Jonathan

No comments:

Post a Comment