Bailout Activism
B-b-b-but There's Nothing I Can Doooooooo. Waaaaaaaaah. Bull.
You can join the rest of the country on Valentine's Day in breaking up with the big banks and making these too big to fail monstrosities too failing to be big: http://www.bankbreakup.org
Come on. A little less talk and a lot more action.
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What a Hell of a Year! Good Riddance to It!
By Dave Lindorff
You know, the year 2009 started out kind of nicely. We watched Barack Obama take the oath of office, serenaded by the awesome Aretha Franklin (wearing her awesome hat), after first hearing Pete Seeger sing the real Woody Guthrie verses to "This Land Is Your Land" on the steps of the Lincoln Monument.
Forget the Happy Talk: Longer, Deeper Recession Ahead, Execs Warn
By Dave Lindorff
If you google “recession easing,” you will find articles all the way back to April quoting Federal Reserve Chairman Ben Bernanke as saying that the recession is easing, and that the economy is “improving modestly.” Newspapers too, on their own, have written rosy-tinged stories about how things are bad but getting better.
Spins get put on every hint of good news, as when last month “only” 11,000 jobs were lost (a story that was quickly followed by an “unexpected” jump in new unemployment claims by 474,000 in early December.
Want to Stick it to the Banks? Join a Credit Union
By Dave Lindorff
A few months ago, like many struggling Americans, I had my credit
line frozen at my local bank. I hadn’t done anything wrong, and have
always paid my monthly installment payment on time, but I learned from
a bank employee at the institution, which had once been a small
family-owned operation but had earlier this year been acquired by a
regional bank, that most of the bank’s home-equity lines of credit were
being similarly frozen and “reviewed” because the bank had lent a lot
of money to a housing development that was underwater and facing
bankruptcy. I was told I could simply apply for a new credit line, and
pay off the old one, but there was a hitch: I’d be paying almost 3%
more per month in interest than with the old loan.
A Theme Song for Capitalism
By David Swanson
Michael Moore's movie motivated me to bring this out. Here's a theme song for Capitalism that I wrote at the time of Paulson's Plunder. Here it is sung by Timbrewolf:
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Stop Complaining About Right-Wing Protests! The Left Should Be (Re)Learning How It's Done
By Dave Lindorff
OMG! Those protesters showing up at Democratic “town meetings” to
promote the president’s health care “reform” program are being bused in
from out of town?
Scandal! Que horrible! (Gasp)
But wait! That’s exactly what we on the left always did when we
held demonstrations—at least if we could. Who in the trade union
movement hasn’t called on fellow workers in other unions to join them
in rallies during struggles with an employer, or asked them to join
sparse picket-lines? Who hasn’t pulled out the stops trying to get
people from other cities to attend a local protest?
Michael Moore Says Save the CEO's
Michael Moore's new film is due in October. Here's a sneak preview - enjoy!
A New Way Forward Is Live Streaming Teach-Ins on Opposition to Bankster Bailout
http://www.livestream.com/anewwayforward
The webcasting events are:
New York City, 6/8 at 7PM with Leo Hindery, Les Leopold, Alice Kessler-Harris at the Tank, (webcasted)
San Francisco, 6/10 at 6:30PM with Ernesto Dal Bo, Doug Rucskoff, Donald Goldmacher at Mechanic Library, (webcasted)
New York City, 6/10 at 7PM video screening with Danny Shechter, New Roosevelt Institute, Working Families at Le Poisson Rouge (webcasted)
Washington DC, 6/11 at 9:00AM with Simon Johnson, John Taylor, Nancy Cleeland, Mike Lux at the Capitol Hill, (one hour broadcast delay)
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What Makes Sense for Health Care Makes Sense for Autos: Car Industry Needs Public Option Too
By Dave Lindorff
Just imagine for a moment that you are a retired contractor,
struggling to get by on your pathetically shriveled 401(k). when your
ne-er-do-well child suddenly comes to you saying he’s got this idea to
start buying derelict homes and rehabbing them for resale. He asks you
to stake him with a $100,000 loan (about half of what you’ve got left
in your retirement fund), promising to repay you when he sells his
first couple of houses. You know the kid’s flat busted and has been
laid off from his job as a dishwasher, so you want to help, but you’ve
also seen his carpentry skills: The doghouse he build in high school
fell apart on a windy day, and his own house has a leaking roof, needs
repainting, and all the plumbing leaks. You’ve also seen his business
skills: He plays the Lotto excessively, hasn’t saved a penny, and buys
most of his supplies at the local 7-Eleven.
"Looting of America" Author Sees Opportunity in Meltdown
I've just interviewed Les Leopold, who blames the recent financial disasters on trends that began over 30 years ago, explains how a great deal of Wall Street's "investing" has had as much connection to the real economy as fantasy baseball has to baseball, diagnoses the failures of labor and the left to resist the financialization of the economy, views the current situation with genuine optimism as a rare moment in which we might be able to make necessary changes to regulate finance and to shift money from a tiny group of billionaires to the rest of society, and explains why that latter step is needed to stabilize any economy.
With teach-ins planned everywhere on June 10th and people trying to educate each other on exactly what just happened to trillions of our children's dollars, you could do a lot worse than to gather some friends together, read or listen to, and discuss, this interview, and then take appropriate actions.
Here's the audio in an mp3. It's a little under an hour.
David Swanson interviewing Les Leopold:
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