Tag Archives: Wall Street

Urgent: Congress is rushing to deregulate Wall Street—pushing a cynically named “JOBS Act.” This bill could pass as early as Monday.

Senate Democrats, including Jack Reed, Carl Levin and Mary Landrieu, have offered the “INVEST in America Act” to amend the “JOBS Act” and make it less harmful. We need to support these amendments while making it clear that working families oppose the so-called JOBS Act bill.

Please urge your senators to vote FOR the “INVEST in America Act” to make the JOBS Act less harmful to workers and consumers—and AGAINST the cynically named “;JOBS Act” bill.

America needs jobs. Yet Congress has not yet passed basic legislation like a measure to reauthorize surface transportation programs, which would create hundreds of thousands of jobs. Instead, next week Congress once again will look to deregulate Wall Street.

Workers’ retirement savings will be at greater risk of fraud and speculation if securities market deregulation once again is railroaded through Congress. Our economy will be at risk from the folly of policymakers promoting financial bubbles and ignoring the needs of the real economy.

The AFL-CIO calls on Congress to set aside the politics of the 1%, the old game of special favors for Wall Street, and turn to the business of real job creation.

Urge your senators to vote FOR the “INVEST in America Act,” which will amend the JOBS Act to make it less harmful to workers and consumers—and AGAINST the cynically named “JOBS Act” bill.

Thank you for all the work you do.

In Solidarity,

Richard L. Trumka
President, AFL-CIO

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the AFL-CIO’s General Board voted unanimously to endorse … Barack Obama

03/15/2012 Nativegrl77

We’re rolling up our sleeves and getting to work for working families. Will you join us?Pledge to get to work for working people by supporting President Obama and other working family candidates.

This afternoon, the AFL-CIO’s General Board voted unanimously to endorse President Obama for re-election.

For many reasons, we are pledging to work with President Obama throughout the elections and in a second term. The bottom line is this: As president, Barack Obama has placed his faith in America’s working men and women to lead our country to economic recovery and our full potential. So we’re putting our faith in him.

Please join us in pledging to get to work for working people by supporting President Obama and other working family candidates.

Although the labor movement has sometimes differed with the president and often pushed his administration to do more—and do it faster—we have never doubted his commitment to a strong future for working families. With our endorsement today, we affirm our faith in the president. We pledge to work with him through the election and his second term to restore fairness, security and shared prosperity.

Brothers and sisters, the coming election is a choice about values. President Obama honors the values of hard work, mutual respect and of solving problems together—not every person for himself or herself. Each of the Republican presidential candidates, on the other hand, has pledged to uphold the special privileges of Wall Street and the 1%—privileges that have produced historic economic inequality and drowned out the voices of working people in America.

Please join us in pledging to get to work for working people by supporting President Obama and all working family candidates.

Working people are the Davids standing up to Goliath in today’s politics. Our strength is in our numbers, our values and plain, hard work. When we come together, we are formidable. And for this election, we are coming together like never before.

Thank you for all the work you do.

In Solidarity,

Richard L. Trumka
President, AFL-CIO

P.S. Here are some key reasons we support the president’s re-election:

He took America from the brink of a second Great Depression by pressing Congress to pass the American Recovery and Reinvestment Act, which saved or created 3.6 million jobs.
He championed comprehensive health insurance reform, which—while far from perfect—set the nation on a path toward the health security that had eluded our country for nearly 100 years.
He insisted upon Wall Street reform—passed over the objection of almost every Republican. Now, we can finally begin to reverse decades of financial deregulation that put our entire economy at risk.

For these reasons—and many more—President Obama has earned the support of working people for a second term. We hope you’ll join us today in pledging to support his re-election. You can read more about why we’re supporting the president here.

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The Black Dollar: Move Your Money!

03/06/2012 Nativegrl77 1 Comment

Black people need to make Wall Street and Big Banks stand up and take notice. The Black dollar is a powerful tool, but in order to wield that power Black people must invest it strategically.

Putting money in large corporate banks with no investment in the Black community or any community is not the way to wield that power.

Click here to read the full report.

The Black Institute http://www.theblackinstitute.org/

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Support Darcy Bruner … Jim Dean from … DFA

01/31/2012 Nativegrl77

Washington DC is broken.

Washington state needs a representative who knows what it takes to fix the system and bring jobs back home. Darcy Burner is an engineer by training and a politician by necessity. She’ll work to get government working for all of us again — not just Wall Street.

In 2009, Darcy became the first President and Executive Director of ProgressiveCongress.org, a non-profit based in Washington, D.C. that works with the Congressional Progressive Caucus on public health, civil rights, education, environmental sustainability and economic opportunity. She is one of the progressive movement’s strongest allies.

With the overwhelming support of DFA members across the district, I am honored to announce Democacy for America’s endorsement of Darcy Burner for Congress.

Help send a true progressive to Congress by signing up to volunteer for Darcy Burner.

Help send a true progress to Congress by contributing $3 to Darcy Burner’s campaign.

Since we first endorsed Darcy Burner in 2006, she has work relentlessly to advance the progressive movement both in WA and in DC. Now, we need a progressive champion like Darcy inside Congress, someone with the tenacity and energy to bring real reforms.

We ask you to support Darcy with your vote, with your time and with your resources.

-Jim

Jim Dean, Chair
Democracy for America

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What a Fair Shot at Success Means …for ALL Americans

01/27/2012 Nativegrl77

What a Fair Shot at Success Means

Posted by Matt Compton on December 6, 2011 at 6:47 PM EST

In the state where his mother was born, President Obama made an argument about laying a new foundation for broad-based prosperity in America.

“It starts,” he said, “with making sure that everyone has a fair shot at success.”

That means giving Americans the education, infrastructure, and resources necessary to out-innovate our global competitors, structuring our tax system fairly to pay for those investments, and it means creating an environment where everyone — from Main Street to Wall Street — plays by the same set of rules. The President said:

As infuriating as it was for all of us, we rescued our major banks from collapse, not only because a full blown financial meltdown would have sent us into a second Depression, but because we need a strong, healthy financial sector in this country.

But part of the deal was that we would not go back to business as usual. That’s why last year we put in place new rules of the road that refocus the financial sector on this core purpose: getting capital to the entrepreneurs with the best ideas, and financing to millions of families who want to buy a home or send their kids to college. We’re not all the way there yet, and the banks are fighting us every inch of the way.

And Republicans are standing with Wall Street to block broader reform by refusing to confirm a head of the Consumer Financial Protection Bureau — the watchdog group is charged with protecting everyday Americans from lenders who are out to take advantage of them. Here’s what President Obama had to say:

The man we nominated for the post, Richard Cordray, is a former Attorney General of Ohio who has the support of most Republican and Democratic Attorneys General throughout the country.

But the Republicans in the Senate refuse to let him do his job. Why? Does anyone think the problem before that led to this crisis was too much oversight of mortgage lenders or debt collectors? Every day we go without a consumer watchdog in place is another day when a student, or a service member, or a senior citizen could be tricked into a loan they can’t afford – something that happens all the time. Financial institutions have plenty of lobbyists looking out for their interests. Consumers deserve to have someone whose job it is to look out for theirs. And I intend to make sure they do.

The Senate is slated to vote on Richard Cordray’s confirmation later this week. Check back at WhiteHouse.gov for more information.

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President Obama: “In America, We Are Greater Together”

Posted by Matt Compton on December 6, 2011 at 5:43 PM EST

Members of the audience listen as President Barack Obama delivers remarks at Osawatomie High School in Osawatomie, Kansas, Dec. 6, 2011. (Official White House Photo by Pete Souza)

More than a century after Teddy Roosevelt outlined a vision for a “New Nationalism” in a Kansas town called Osawatomie, President Obama visited the same community to talk about what he called a make-or-break moment of the middle class.

He described how the world has undergone an economic transformation unlike any other in our collective history — and how that change has upended our expectations of social mobility in this country. Where professionals ranging from factory workers to travel agents to accountants once enjoyed the promise of a good job and steady income in exchange for their hard work, today they and a range of people like them must compete with new technology and individuals from around the world.

The President told the 1,200 people gathered in Osawatomie that there are two ways to respond to these challenges.

Some in Washington, he said, argue that we should let the markets take care of everything — rolling back regulation and slashing taxes:

Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. But here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade.

Thankfully, President Obama said, we can choose a different path:

[T]here’s another view about how we build a strong middle class in this country — a view that’s truer to our history, a vision that’s been embraced in the past by people of both parties for more than 200 years.

It’s not a view that we should somehow turn back technology or put up walls around America. It’s not a view that says we should punish profit or success or pretend that government knows how to fix all of society’s problems. It is a view that says in America we are greater together — when everyone engages in fair play and everybody gets a fair shot and everybody does their fair share.

Read the entire speech here.