Archive for September, 2008
The irony of the “bailout compromise” that is expected to pass Congress this week is that the largest-ever robbery of the US Treasury is actually being committed by banks. And like the rest of the lawbreaking overseen by this Administration and Congress, laws are furiously being re-written to make it legal. At least this time, [...]
Rep. Marcy Kaptur is the longest-serving woman in the US House of Representatives. First elected in 1982 from a solidly middle class Catholic district in Toledo, Ohio, Kaptur has maintained a remarkably progressive voting record in her 26 years in Congress. She is enormously popular in her district, winning 60-80% of the vote in most [...]
h/t Mother Jones Dear Madame Speaker, We are concerned about the Bailout Bill proposal submitted by the Administration. Some of us believe that the bill should be paid for by taxes on the top 1%, and/or should include transfer of equity interests in the bailed-out entities to the government. Some of us question whether a [...]
Dear Friend, The U.S. government has been turned into an engine that accelerates the wealth upwards into the hands of a few. The Wall Street bailout, the Iraq War, military spending, tax cuts to the rich, and a for-profit health care system are all about the acceleration of wealth upwards. And now, the American people [...]
The 700 billion dollar bailout package that is likely to pass Congress this week is notable for several things. It is an unprecedented commitment of taxpayer revenue for a single purpose, it breaks hard with the governing free-market ideology that has dominated both parties for the past thirty years, and it grants unprecedented new powers [...]
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