Tuesday, March 24, 2009

Interesting pushback against Obama-nomics


There's lots of angst among the scribblers and chatterers that the administration isn't intervening forcefully enough to end the financial-banking aspect of the current economic crisis. My recent experience collecting pledges to support the Obama budget showed me that folks still have a lot of trust. But Wall Street insiders seem to still get richer; the rest of us feel confused and suspect we are being screwed. People are hurting.

A group called A New Way Forward thinks it is time for folks to take to the streets and make some demands on the powers that be. Their program is pretty simple.

NATIONALIZE: Experts agree on the means -- Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts.

REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in the cost of what they have caused.

DECENTRALIZE: Banks must be broken up and sold back to the private market with new antitrust rules in place-- new banks, managed by new people. Any bank that's "too big to fail" means that it's too big for a free market to function.

Big bankers ruined our economy and now they are gaming the political system so they can profit even more off the crisis they caused. They must be stopped.

On April 11th, 2009, the public will come out in cities across the country to express their frustration and disapproval with how our elected officials have handled the economic crisis. No one has been left unscathed; this protest is yours.

About 20 cities have protests listed so far. Are we ready for viral protests about financial shenanigans?

This one may face some resistance because it is set for Easter weekend; this may not be a Christian country, but an awful lot of people and businesses veg out that weekend.

1 comment:

zephyr said...

yes we are! thanks for posting...

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