Ten Reasons to Oppose the Wall Street Bailout by Prof. James Petras Global Research, September 28, 2008 Treasury Secretary Paulson and President Bush backed by the Democratic Congressional leadership have asked Congress for $700 billion dollars to bailout Wall Street financial institutions. Over the past several years these banks reaped billions of [...]
Archive for September 29th, 2008
29 Sep
The American Empire’s $650 Billion Bailout Already Passed Congress
By Chalmers Johnson, Tomdispatch.com. Posted September 29, 2008. If we don’t cut back our ever-increasing military spending in a major way, the bankruptcy of the United States is inevitable. Let’s start with the money the Bush administration has already thrown at the war in Iraq. According to the June congressional testimony of William Beach, director [...]
29 Sep
McCain’s Health Plan: You’re on Your Own
By Jared Bernstein, Huffington Post. Posted September 29, 2008. An estimated 20 million people would lose employer coverage under McCain’s plan. With less than 40 days to go until the presidential election, let’s assess where things stand. Obama appears to be building an edge in the polls and has some upward “mo.” That said, the [...]
29 Sep
Michael Moore In the Morning: The Rich Are Staging a Coup
Michael Moore, MichaelMoore.com The Rich Are Staging a Coup This Morning … a message from Michael Moore Friends, Let me cut to the chase. The biggest robbery in the history of this country is taking place as you read this. Though no guns are being used, 300 million hostages are being taken. Make no mistake [...]
29 Sep
Seniors Lose 51% Of Their Buying Power Since 2000
Alexandria, VA (June 9, 2008) Seniors have lost 51% of their buying power since 2000, according to a new study by The Senior Citizens League (TSCL), one of the nation’s largest nonpartisan seniors groups. While the annual Cost-of-Living Adjustment (COLA) increased the average Social Security benefits by 24%, typical seniors expenses rose almost four [...]
