Tag Archives: Wall Street

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2014: A Year for Change


United States Senator Bernie Sanders
I want to take this opportunity to wish you and yours a very happy new year.  I also want to express my gratitude to you for the political support that you have given to me, and for all of your efforts in trying to move our country and the world in the direction of peace, justice and environmental sanity.
As we survey our country at the end of 2013 I don’t have to tell you that the problems facing us are monumental, that the Congress is dysfunctional and that more and more people (especially the young) are, understandably, giving up on the political process.  The people are hurting.  They look to Washington for help.  Nothing is happening.

  • The middle class continues to decline with median family income some $5,000 less than it was in 1999.
  • More Americans, 46.5 million, are now living in poverty than at any time in our nation’s history. Child poverty, at 21.8 percent, is the highest of any major country.
  • Real unemployment is not 7 percent. If one includes those who have given up looking for work and those who want full-time work but are employed part-time, real unemployment is 13.2 percent — and youth unemployment is much higher than that.
  • Most of the new jobs that are being created are part-time work at low wages, but the minimum wage remains at the starvation level of $7.25 per hour.
  • Millions of college students are leaving school deeply in debt, while many others have given up on their dream of a higher education because of the cost.
  • Meanwhile, as tens of millions of Americans struggle to survive economically, the wealthiest people are doing phenomenally well and corporate profits are at an all-time high. In fact, wealth and income inequality today is greater than at any time since just before the Great Depression. One family, the Walton family with its Wal-Mart fortune, now owns more wealth than the bottom 40 percent of Americans. In recent years, 95 percent of all new income has gone to the top 1 percent.
  • The scientific community has been very clear: Global warming is real, it is already causing massive problems and, if we don’t significantly reduce greenhouse gas emissions, the planet we leave to our kids and grandchildren will be less and less habitable.

Clearly, if we are going to save the middle class and protect our planet, we need to change the political dynamics of the nation. We can no longer allow the billionaires and their think tanks or the corporate media to set the agenda. We need to educate, organize and mobilize the working families of our country to stand up for their rights. We need to make government work for all the people, not just the 1 percent.
Before we talk about 2014, let me ask you a favor.  Do you know of friends, family or co-workers who might be interested in receiving our email newsletters and updates?  If you do, please forward this email and encourage them to sign-up for occasional updates. They can sign-up for our emails by clicking here.
When Congress reconvenes for the 2014 session, here are a few of the issues that I will be focusing on.
WEALTH AND INCOME INEQUALITY: A nation will not survive morally or economically when so few have so much while so many have so little. It is simply not acceptable that the top 1 percent owns 38 percent of the financial wealth of the nation, while the bottom 60 percent owns all of 2.3 percent. We need to establish a progressive tax system which asks the wealthy to start paying their fair share of taxes, and which ends the outrageous loopholes that enable one out of four corporations to pay nothing in federal income taxes.
JOBS: We need to make significant investments in our crumbling infrastructure, in energy efficiency and sustainable energy, in early childhood education and in affordable housing. When we do that, we not only improve the quality of life in our country and combat global warming, we also create millions of decent paying new jobs.
WAGES: We need to raise the minimum wage to a living wage. We should pass the legislation which will soon be on the Senate floor which increases the federal minimum wage from $7.25 an hour to $10.10 an hour, but we must raise that minimum wage even higher in the coming years. We also need to expand our efforts at worker-ownership. Employees will not be sending their jobs to China or Vietnam when they own the places in which they work.
RETIREMENT SECURITY: At a time when only one in five workers in the private sector has a defined benefit pension plan; half of Americans have less than $10,000 in savings; and two-thirds of seniors rely on Social Security for more than half of their income we must expand Social Security and make sure that every American can retire with dignity.                           WALL STREET: During the financial crisis, huge Wall Street banks received more than $700 billion in financial aid from the Treasury Department and more than $16 trillion from the Federal Reserve because they were “too big to fail.” Yet today, the largest banks in this country are much bigger than they were before taxpayers bailed them out. It is time to break up these behemoths before they cause another global economic collapse.
CAMPAIGN FINANCE REFORM: We are not living in a real democracy when large corporations and a handful of billionaire families can spend unlimited sums of money to elect or defeat candidates. We must expand our efforts to overturn the disastrous Citizens United Supreme Court decision and move this country to public funding of elections.
SOCIAL JUSTICE: While we have made progress in recent years in expanding the rights of minorities, women and gays, these advances are under constant attack from the right wing. If the United States is to become the non-discriminatory society we want it to be, we must fight to protect the rights of all Americans.
CIVIL LIBERTIES: Frankly, the National Security Agency (NSA) and some of the other intelligence agencies are out of control. We cannot talk about America as a “free country” when the government is collecting information on virtually every phone call we make, when they are intercepting our emails and monitoring the websites we visit. Clearly, we need to protect this country from terrorism, but we must do it in a way that does not undermine our constitutional rights.
WAR AND PEACE: With a large deficit and an enormous amount of unmet needs, it is absurd that the United States continues to spend almost as much on defense as the rest of the world combined. The U.S. must be a leader in the world in nuclear disarmament and efforts toward peace, not in the sale of weapons of destruction.
Let me conclude by once again wishing you a happy and healthy new year — and by asking you to share this email with friends, family and co-workers.  They can sign-up for our occasional emails by clicking here.
This is a tough and historical moment in American history.  Despair is not an option.  Let us stand together as brothers and sisters and fight for the America our people deserve.  Thank you for your continued support.                                                   Sincerely,
Bernie                         Senator Bernie Sanders
~ my 2cents ...

about failed Promises


thefacesMy take on failed promises, past present and future, which is what we are all experiencing under the Republican controlled House of Representatives versus change to or redirection of promises that President Obama has had to make on numerous occasions. It is obvious the two situations are quite different. The first two years of the Obama Admin the RTP as we know was spent on the floor of Congress saying no, blocking, making the Democratic Party scale back or run away from legitimate bills that RTP attached felonious amendments to that no member of Congress could in good conscience vote for. Then came the campaign for the midterm election that if you know your history gets few voters out to vote though in what definitely is a first of many first in this Presidency, the midterms were important yet folks did the same ole same, some opted out on purpose and even more voted right of center on purpose. While most know the outcome of the midterm elections, I think that many people do not understand what truly happened. President Obama said he got a shellacked and would try to make a move to be more bipartisan, though senator McConnell said if he wants us to consider compromise he would have to do, say and act like we want him to, essentially bow down to the Republican Tea Party. For the last 4.5 years, Americans have been hearing Republicans say that we need to create jobs. Mr. Boehner and his comrades definitely used the jobs, jobs, jobs slogan to win the House or Representatives. Sadly, these carpetbaggers have been waving one hand in the air while using the other to attack, slash, cut, and burn every effort to get our economy back on track. It may sound dramatic, but it feels as if the Republican Tea Party has wanted to eliminate the middle and lower class since then Senator Barack Obama became President and now I certainly feel our country is at risk with reckless, seemingly uneducated Republican members of Congress.

Contrary to most if not all polls the anger or feelings of distrust and failed promises should be pointed at the way in which President’s govern? It was done poorly for eight years during the house of Bush, because when he took office there was a surplus… Question is, what did he do with it and how do we make sure this cannot happen again lest we talk about in times of American crisis both Political Parties and any entities involved must all come together to fix the issue … leaving ideology at the door!

… Community Organizer and Senator Obama watched from the sidelines, watched, heard, and knew the status quo had to change though we had no financial crisis to speak of things were not as they should be or more importantly not as they could be. The change we Americans need is one that moves all of us into the 21st Century. This effort to change has been misinterpreted in my opinion of one of socialism… folks have to know that our current system is outdated does not represent all of the people and if you are really listening. The Republicans want to go backward to a time when life was good but it was only good for the rich. Then Presidential candidate, Barack Obama had a plan for America. There were some financial issues are brewing, the house of Bush was focused only on the Iraq war, Obama’s ideas seemed far ahead of the other competitors. Americans saw and heard what he wanted to do and agreed, well at least 53% believed a change was needed in the way things are done on the Hill. However, change takes time maybe years.  If we had all participated, it could happen sooner with GOP co-operation but as the months passed by there were more rumblings of financial problems and then Senator Obama faced with lots of criticism became the main target and NOT our finances heading toward the ditch.  We voters heard or told to ask if Obama was an American, did he pal around with terrorists, could he bring in the vote of not only women but also white women and men on top of it all. I really feel people need to be reminded of when, what, where and who got us into an economic downward spiral. However, weeks went by more and more information is coming out, people notice that there were many layoffs happening, businesses closing up and some notice Bush is less available every day and while the backroom deals made by the house of Bush, McCain tells Americans that our economy is still sound and strong. In what seemed like only a month or few weeks before Americans had to vote for President of the United States. The House of Bush slowly opened the doors of pain and the possibility of our economic collapse. I still want to know why did they wait until the next administration was about to be put into place? Some say there is no such thing as a coincidence.

Wall Street, Main Street, AIG and a lot of Banks Crashed … with the house of Bush and Paulson making back room deals …

The day they swore in President Obama everyone knew there was quite a different Presidency he had walked into than most Presidents. This President has faced one crisis after another and contrary to what “the Media” wants us to feel or believe he has made failed and false promises. I do not believe he has made false promises, he has had to contemplate and change directions, he is still working for all Americans, and I am so proud to have voted for President Obama.

While the forces of the RTP say otherwise, we all need to understand the change, redirecting any and quite possibly all campaign promises if needed. Why? Because our lives have changed, they are more of a challenge now and the elements(theGOP) needed to create a better situation did not play by the rules choosing to sit on the sidelines. The banks flexed their muscles, lobbyists are stood in the way, Republicans/Conservatives cannot accept Obama as our President and have become more than just the party of no, some are trying to provoke fear and hate not bipartisanship, and I keep asking is socialist a code for the n word?

ConservaDems and definitely Republicans are not all in for the change the rest of us believed in want or voted for twice.  We need to tell members of  Congress! be outraged at the nonsense going on…We need to continue reforming that part of our economy monopolized by parts of Corporate America given the right to do so by folks on the Supreme Court. Vote out the TeaCarpetbaggers for a positive change.

While President Obama did promise change, he has kept over half of them, he also stated that he could not make changes alone … we all would have to participate. That comment is a hard reality given the crap that the Republican Tea Party keeps pulling out of somewhere disguised with them saying they are listening to what Americans want because Americans spoke thus the outcome of the midterm elections. Even if it were true, the promises the Republican Tea Party made before and have been making consistently are epic failures …like I said could put us at risk and as I finish a rant a rumor from twitter states Republicans might be considering a government shutdown. Republicans talk about not wanting big government but they do not deliver on their promise. In fact, they have been practicing failed promises and lies since the 112th Congress started. Mr. Boehner, Cantor and their comrades have failed to offer up a legitimate JOBS bill, failed to create a JOB and of course we can all debate whether that bush bonus giveaway has helped create, save and or stopped any outsourcing of jobs.

I ask the GOP, where and when are the JOBS among many other issues going to be brought to the floor of Congress! and the Epic Failure Promises describes the Republican Tea Party.

~ politics petitions pollution and pop culture

Wall Street wants your schools. We’re fighting back


Campaign for a Fair Settlement
a project of Action for the Common Good

Join the Tele-Town Hall
On Wed Oct 16th at 8pm EDT/5pm PDT interact in a discussion about communities around the country undoing corporate public school “reform”

Dear Carmen —

Wall Street bankers are stealing hundreds of millions of dollars from our kids every year. [1]

That’s not a misprint. As part of all the financial shenanigans they engaged in that broke our economy, they managed to entrap school districts around the country in “interest rate swaps” that were sold as ways to guarantee steady income for the critical job of educating our kids. Instead they turned out to be massive drains on school budgets, for example, costing Philadelphia $331 million [2] and Chicago $150 million (and another $36 million every year). [3]

In turn, that financial pressure on school districts (exacerbated by the drop in tax revenues from the Great Recession) has opened up opportunities for Wall Street banker-funded corporate takeovers of our public schools. For-profit charter schools, often online-only, have cropped up nationally, siphoning off critical public school investments, short changing our children’s future to line the pockets of private, usually out-of-state, corporations dedicated primarily to the bottom line.

Parents and teachers around the country have been desperately fighting back against this tidal wave of Wall Street-backed education “reform”. They know we need investment in our public schools so that every child has a quality teacher and access to a well-rounded education that includes history, music, arts, PE and vocational training, NOT investment in Wall Street corporations whose motivations have little to do with kids and everything to do with manipulating state regulation to protect their interests.

A key figure in this fight is prominent public school advocate, Diane Ravitch, whose new book, Reign of Error: the Hoax of the Privatization Movement and the Danger to America’s Public Schools, shows how people are fighting back and winning. YOU CAN HEAR AND INTERACT WITH HER LIVE in a forum sponsored by the Our Schools network on Wednesday Oct 16th at 8pm EDT/5pm PDT. RSVP here.

Actor Matt Damon, the son of a public school teacher, says,

“[Diane is] America’s foremost historian in the areas of education policy, she’s a champion of public education, she’s a courageous speaker and she’s a truth-teller.”

She’s keenly aware of the impact that Wall Street’s stolen money and increased investments in for-profit education are having on our schools.

“We cannot have great, education by having one set of publicly funded schools (charters and vouchers) that pick and choose their students, kicking out the losers, excluding students with disabilities and English learners, and operating free of state laws, and a second publicly funded system, required to take all students, including those rejected or ejected by the other system. Great school systems aim for equity, as the Finnish scholar Pasi Sahlberg says, and get excellence.” [4]

Join a discussion with Diane Ravitch on Wednesday October 16th at 8pm EDT/5pm PDT and hear how communities around the country are undoing corporate “reform” and creating equity and justice in their public schools.

It’s time we started getting those hundreds of millions back.


In Solidarity,

Brian Kettenring, Executive Director, Action for the Common Good

[1] “Riding the Gravy Train: How Wall Street is Bankrupting Our Public Transit Agencies by Profiteering off of Toxic Swap Deals”, ReFund Transit Coalition, June 2012, page 4.
[2] “Too Big to Trust? Banks, Schools, and the Ongoing Problem of Interest Rate Swaps”, Sharon Ward, PA Budget and Policy Center, January 2012, page 1.
[3] http://www.suntimes.com/news/otherviews/19251143-452/amisha-patel-banks-soak-cps-as-schools-close.html
[4] http://dianeravitch.net/2013/10/10/today-the-blog-has-had-7-million-page-views/

http://www.campaignforfairsettlement.org/

~ politics petitions pollution and pop culture

Stand with the people of Richmond


Campaign for a Fair Settlement a project of Action for the Common Good

Take Action

Get more people involved in fighting back against Wall Street bullies by sharing this image or sharing the petition to Stand with Richmond.

Impressive.
We’re getting reports from our partners in California that this is how the people fighting for Local Principal Reduction (LPR) in Richmond are describing all the support and media attention that’s been focused on them since that city started using that policy to move towards helping struggling families stay in their homes.

Thanks to the efforts of supporters like you, 20,000 people have signed on to support Local Principal Reduction and over 6500 have signed on to support Richmond, CA, efforts in particular. Activists at the Alliance of Californians for Community Empowerment (ACCE) and the Home Defenders League delivered those signatures directly to Wells Fargo branches the same week the Wells CEO, John Stumpf led the charge of the Wall Street criminals in trying to stop Richmond’s efforts by suing the city the week after Richmond announced its policy. Just last week over 200 of you also called Stumpf’s office to tell him to stop suing and start negotiating.
Another thing that’s impressive is how important this support is in fighting back against Wall Street’s bullying of cities like Richmond. The lawsuit isn’t just about stopping Richmond, it’s about stopping ANY city from trying this common sense solution to fixing what Wall Street broke. The more people standing up the more likely we are to win! Can you help find more fighters by forwarding the Stand with Richmond petition with 5 friends? http://www.homedefendersleague.org/stand_with_richmond_ca You can also share it on Facebook here or on Twitter here.

You can also share this great Facebook graphic that the Home Defenders League created about the LPR fight between Richmond and the criminal bankers led by Wells Fargo CEO John Stumpf (it’s the one in the picture at the top of the email).
This campaign is really heating up because there’s finally a way to fix what Wall Street broke and it doesn’t have anything to do with coddling Wall Street criminals; its main priority is keeping struggling families in their homes. Naturally, Wall Street bankers are desperate to stop it. If you want to stay up-to-date on these fights, the HDL has set up a special section of their website with information, updates, and ways to take action: http://www.homedefendersleague.org/local_principal_reduction
Thanks for standing up and fighting back in support of Local Principal Reduction!

In Solidarity,
Brian Kettenring, Executive Director, Action for the Common Good

~ politics petitions pollution and pop culture

Social Security


On Saturday Senators Tom Harkin and Mark Begich were on The Ed Show to
introduce their plan to strengthen and expand Social Security to MSNBC’s
audience across the country.

They certainly have the right
idea. They’ve proposed bills that would strengthen and enhance Social
Security for generations to come. That’s the kind of renewed commitment
to community and security we need. Already 94,672 DFA members have taken
action to support their plan. Will you join them?


Click here to watch the Senators’ appearance on The Ed Show and then
add your name to our petition to help us reach 100,000 signatures by
Tuesday.

This
isn’t going to be an easy fight. The very same Wall Street bankers and
Tea Party interests that have plotted to derail Social Security time and
again will no doubt put up the fight of their lives. We need your help. Will you join us in the fight to expand and strengthen Social Security?

Thanks for all you do,

Neil

Neil Sroka, Communications Director
Democracy for America