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What ANSWER Demands From The Bailout

From Party for Socialism and Liberation:

Not Another Rip-off! Put People’s Needs Over Wall Street Greed!

Tuesday, September 30, 2008
By: ANSWER Coalition

Protest at the U.S. Capitol Building on Thursday!

Yesterday we won. Every news report describes Congressional offices flooded with emails and phone calls opposing the bailout. But Bush has made it clear that he wants to ram legislation through Congress when it reconvenes Thursday at 12 Noon. We have to be there to tell them that we will not hand over $700 billion to the richest bankers. There should be a moratorium on all foreclosures and evictions. That’s the way to solve the housing crisis. Already, two million families have either been driven from their homes or are on the verge of foreclosure. Politicians didn’t hold emergency sessions to solve their crisis. Half a million workers filed first-time unemployment last week. Congress didn’t hold an emergency session for them. 47 million people can’t go to the doctor when they’re sick. The President and Congress have taken no special action for them.

Demonstration at the Capitol Building
Thursday, October 2, 10am
Independence and New Jersey Ave. SE
South Side of the U.S. Capitol
Washington, D.C.

Initiated by VoteNoBailout.org, supported by the ANSWER Coalition and ImpeachBush

We stopped Bush and the bankers yesterday. We need to take action to stop them again when Congress comes back into session on Thursday. If passed, the bailout would have constituted one of the biggest transfers of wealth in U.S. history from working families to the richest bankers. Your support is urgently needed to organize activities and distribute literature to make sure the people’s victory not be overturned.

“Hundreds of thousands of people have sent letters and called their Congressional representatives demanding that they vote No to the bailout legislation,” said Mara Verheyden-Hilliard, a civil rights attorney in Washington, D.C and a spokesperson for VoteNoBailout.org. “This was a David and Goliath battle pitting average working families against the richest bankers in the country. The only reason that we prevailed today in the House of Representatives was the avalanche of political opposition at the grassroots. People perceived this legislation to be a giant rip-off of the tax-dollars of working families, and rewarding the bankers who have driven the economy into the ground,” she continued.

The VoteNoBailout.org website, a project created last week by ImpeachBush.org, has attracted extensive support throughout the country. Over 170,000 letters were sent through the website to Congress within the last week.

We demand:

* An immediate moratorium on foreclosures, evictions and rent hikes.
* Extend unemployment benefits at full pay for everyone without a job.
* Open the books of the banks for public inspection
* Criminal prosecution of banking, finance, insurance and all other executives whose companies have benefited from the foreclosure crisis.
* An end to the wars on Iraq and Afghanistan, which cost $430 million per day.
* Hurricane and flood victims must receive full assistance and have the right to return to their homes.
* Creation and funding of jobs programs throughout the country to eliminate unemployment.

It will be interesting to see how much of what they demand will be included in the final bill.

These same people have been crowing about having stopped the bailout so far:

Mass protest successfully stalls $700 billion bailout

Tuesday, September 30, 2008
By: Jon Britton

Dow suffers largest one-day point drop following defeat for Wall Street

We have won a victory, but Wall Street profiteers and their political representatives have not given up! Demonstrate against their renewed attempt to ram the bailout legislation through Congress! Gather at the Capitol Building on Thursday, Oct. 2, 10 a.m…

Contrary to Democratic and Republican politicians and others, the root cause of this crisis is not the greed, recklessness, swindling and incompetence of a handful of Wall Street CEOs, bankers and speculators. Such behavior characterizes virtually every boom phase of the capitalist business cycle, each involving their own particular bubble—railroads in the 19th century, real estate and stocks in the 1920s, high-tech stocks in the 1990s, and housing, oil and grain in recent years.

The real root cause is the capitalist system itself and the inevitable overproduction that is a characteristic and inescapable phase of the capitalist business cycle. During each such phase, more goods—be they houses, cars, clothing, or television sets—are produced than can be sold at a profit, leading to an inevitable crash.

Corporate moguls, capitalist politicians and media pundits go to great lengths to hide this fundamental truth with elaborate lies and fabrications. To admit that capitalism itself is to blame for these recurring crises would be an indictment of the very system that brings them enormous profits at the expense of working people. It would be a call for its destruction

And of course they are working in cahoots with the usual suspects, JJ, Code Pink, et al.

Rev. Jesse Jackson leads a groups of about thirty people in ...

[AP photo and caption:] Rev. Jesse Jackson leads a groups of about thirty people in a rally outside of the U.S. Treasury Department in protest of the proposed Wall Street bail outs, in Washington on Friday Sept. 26, 2008.

And just as naturally, none of the media accounts about these ongoing demonstrations have explained who are behind these “grassroots” protests.

This article was posted by Steve on Wednesday, October 1st, 2008. Comments are currently closed.

5 Responses to “What ANSWER Demands From The Bailout”

  1. dulcimergrl says:

    Wow. Just wow. So “bailing out Wall Street” = bad. Keeping deadbeat tenants and ‘homeowners’ in their homes no matter what, probably for free = good. Check /sarc

  2. wirenut says:

    Nice suit ,Reverend ! Just can’t afford plaid an blue jeans Huh? So many with their hands out and I keep shoving mine deeper into my pockets . I can’t stand this B.S. !!!!!!!!!!!!!

  3. gipper says:

    “The real root cause is the capitalist system itself and the inevitable overproduction that is a characteristic and inescapable phase of the capitalist business cycle.”

    Uh, in a free-market economy, supply from big (oil, business, etc.) tries to meet demand. There is no overproduction. The problem comes in when government tries to regulate things. That’s when the payoffs start.

  4. JohnMG says:

    Call me racist if you want to, but why is it that nearly all of these so-called victims just happpen to be black? Are we pushing an agenda here?

    Naw. Couldn’t be.

  5. Reality Bytes says:

    You know just when you think house Republicans couldn’t get any lower! Now they’re tryin’ to take the credit for stoppin’ the Bail out – er – I mean – Rescue Plan.

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