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Report From Friday's Wall St. Protest

Posted by libhom Saturday, October 25, 2008

Sign that says Bailout the People, Not the Banks
A lot of centrists would agree with the sentiment on this sign.

Yesterday's protest was put together by the Ad Hoc National Network to Stop Foreclosures and Evictions. This shows that some people are fighting to bail out the rest of Americans, not just the super rich.

The listing of demands from the flyer was notable for being more substantive than utopian. The greater power and participation by the poor and people of color has been having a grounding effect on the American left.

IT’S TIME FOR THE GOVT TO DECLARE THAT PEOPLE ARE IN AN ECONOMIC STATE OF EMERGENCY AND GIVE DIRECT HELP TO THE PEOPLE--NOT BANKS INCLUDING:

• An Emergency moratorium on home foreclosures, evictions, job layoffs, & utility shut-offs

• Extend unemployment benefits

• No budget cuts in education, healthcare & all social services

• Debt relief for students, poor and working people

• Insure public & private pensions

• Jobs at a living wage

I personally find it fascinating that they have proposed an economic stimulus package that is far more suited to our current situation than the ones proposed by the Bush regime and Phonycrats like Pelosi and Reid. During our current deep recession, FDR style proposals are precisely what we need.

A particularly productive way to provide the living wage jobs would be to start a public works program focussed on expanding rail public transportation and to rebuilding our nation's crumbling bridges. This would fight global warming. It also would promote long term economic growth while providing immediate economic relief.

While I don't always agree with the far left, I do recognize that the extreme right has been governing our country ever since 1981, with disastrous effects. America desperately needs a far left to balance out the right.

An interesting aspect of our situation is that unregulated capitalism has been discredited in the present, not in a history book that most Americans didn't bother to read. Many people are going to be looking for alternatives to what we have now. If liberals don't become more assertive in pushing our agenda (and if conservatives don't start making lots of concessions), the far left may go far.

 

1 Responses to Report From Friday's Wall St. Protest

  1. Wonder Man Says:
  2. yes bail out the people

     

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