After October 2, What Next? (tags)
The October 2nd demonstration in Washington, D.C., is a great step forward. We are now beginning to take matters into our own hands, relying on ourselves, and acting collectively.
Jerry Brown Widens the Chasm Between Labor and the Democratic Party (tags)
With the November elections rapidly approaching, most Americans are unimpressed and uninvolved, having concluded that elections have changed little in their struggling lives, despite all the promises of politicians.
A Surge in Demands on Government for Jobs (tags)
Thanks to the government bailout, bankers and brokers are now self-righteously pocketing their record bonuses, reassured by Goldman Sachs CEO Lloyd Blankfein that they are doing “God’s work” (The New York Times, November 17, 2009). There is no humility in these quarters. Yet working people continue to be battered by relentlessly rising unemployment, caused by an economic crisis they had no part in creating. Officially the rate stands at 10.2 percent with the unofficial rate hovering around 17.5 percent, since it also includes part-time workers wanting full-time work and those who are discouraged and no longer looking for work. Both statistics are on the verge of rising.
In recent months, we have witnessed billions of dollars pumped into the financial institutions WITH NO STRINGS ATTACHED. Reckless behavior and greed have been graced with the most extravagant rewards, allowing the rich to get even richer. After receiving their bailout, A.I.G. executives resumed their plans for a retreat at a lavish resort. Meanwhile, foreclosures have risen, unemployment has soared, and misery has spread with virtually nothing being done for the millions of workers suffering from these afflictions. We cannot sit back and simply hope that things will get better. The financial executives have organized themselves and lobbied for bailouts. We must now do the same. We must organize ourselves and mount a campaign, insisting that government programs benefit the majority of the population first and foremost, not the super wealthy small minority.
Workers Emergency Recovery Campaign (tags)
Below is the introduction, ten point program, and partial list of endorsers for the Workers Emergency Recovery Campaign
Obama’s Campaign Promises and the Laws of Capitalism (tags)
Throughout his campaign, Obama made repeated overtures to working people. He talked about job creation, a tax cut for the middle class, health care, education, the rescinding of the lavish tax cuts for the rich, clean energy, facilitating unionization, and the elimination of the "Don’t Ask, Don’t Tell" policy for gays in the military. One got the distinct impression when he was campaigning that Obama was oriented to helping ordinary working people, who are now struggling to pay their bills, not the rich.
Why Bailing Out Banks Doesn't Work (tags)
The New York Times recently posed an excellent question: “Why save banks if they won’t lend?” (January 19, 2009) Before the first $350 billion “installment” of the bailout, we were told that the money was needed to “unfreeze” the credit markets, meaning that banks would again be willing to lend businesses the money they needed to continue doing business. Despite hugely popular opposition, the bailout proceeded, and absolutely nothing changed.