Saturday, September 27, 2008

Bush's bailout is on at least temporary hold, now that the US Congress has refused to be bullied into a rush job. Strangely enough the sky hasn't fallen. The world has crashed into a total economic depression since 6:00 pm Friday came and went. The struggle continues to make the deal more than just a bailout for speculators and assorted hogs that feed at government troughs. Here's an appeal from the Jobs With Justice Coalition for action in the USA. If you are an American reader of this blog look to what they suggest and sign their petition. Us northern colonials have no influence on the US Congress, but, like the rest of the world, we're depending on the average American to not let this theft take place- or economic disaster for everyone will not be averted but only postponed.

Call to Action WEDNESDAY, 10/1: No Blank Check to Wall St.; Save The Economy, Pronto‏:
The Wall-Street blank check bail-out, driven by corporate greed,is still moving ahead in Congress, so far without any of the commitments that JwJ and allies have insisted are needed to Save The Economy, Pronto. Several national groups and economists agree that we can and must push for a better deal for Main Street.
On September 30, Congress is scheduled to go home to face constituents, during their election cycle break. JwJ is counting on YOU to hit the streets on Wednesday, October 1st to make sure Congress serves Main Street before Wall Street. We will do this Day of Action whether the Wall Street Bail-out bill has passed by then or not!!
Jobs with Justice members know that Congress needs to act strongly (but not in a panic) to address the immediate financial crisis, but we also need a deeper, long-term restructuring of our economy so it works for everyone.
Our Demands:
- Make the people that got rich while creating the crisis pay for the clean-up
- Restructure the banking system
* Short-term: public ownership for public assistance (i.e.equity for bail-out)
* Long-term: re-regulate private finance and expand public and community-owned alternatives(This is THE most attractive proposal to Molly, as a libertarian socialist and "mutualist". Socialism will never be created anywhere-at least a socialism worthy of the name- without networks of credit unions that are both individual membership and community based ie without a thorough decentralization and "destateization" of the availability of the "money supply" ie the simple "confidence" that money and credit are in reality)
- Solve the housing and foreclosure crisis
- Commit to fast-tracking a true recovery plan that addresses jobs, infrastructure, pensions, etc.
Local JwJ coalitions are organizing actions in cities across the country. Find your local JwJ coalition( and call or email them to find out what they are planning. We are gathering information about what coalitions have planned, and will post a list early next week.
Live in an area where there is no local JwJ coalition? Plan your own action! Send an email to and let us know what you're doing!
Here are some ideas:
- Rally at Congressional offices
- Deliver 'trash for cash' to your federal reserve office
- Picket the banks that are asking for handouts without giving Main Street anything in return
- Hold a bake sale, and sell junk food to pay for Wall Street junk bonds
- Conduct a public survey asking working people what they need a bail-out for
- Now that we taxpayers have paid for your local bank, have a party there
- Invite the media to hear from people that need a "Main Street"bail-out
You can take action on this alert via the web at:
Visit the web address below to tell your friends about this.
We encourage you to take action by October 23, 2008
Tell Congress: No Wall Street Bail-out! We need you to STEP UP!

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