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Onlooker Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 11:30 PM
Original message
Progressives have to work quickly
The Bush adminsitration will propose a $500-$800 billion asset buyout that will in effect help the greediest people. (http://news.yahoo.com/s/nm/20080920/bs_nm/financial_bailout_details_dc_3)

The Democrats appear to be caving in to the administration, and aren't making any demands to help, as Obama put it, Main Street as well as Wall Street. Progressives need to move quickly and demand that Pelosi and Reid secure some concessions from the Bush administration, such as:

(1) An Independent prosecutor to investigate government and corporate fraud
(2) Tighter controls over corporate greed
(3) Increased taxes on those who will be benefit most from the bailout
(4) Help for people who can't afford their mortgages
(5) A bailout for the people whose lives were ruined by Katrina and Ike.
(6) Laws to severely penalize those companies that create foreign tax havens

I think Pelosi and Reid hope to push this thing through before progressives can mount a serious protest.

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 11:31 PM
Response to Original message
1. Start calling and start protesting
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Hestia Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 11:41 PM
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2. I am still going to push hard for total debt forgiveness for everyone -
we have now taken on everyone in this countries debt - cancel it, cut up the credit cards, and let's get on with our lives. Essentially, in taking on this debt, we've really helped our fellow citizens free themselves. Now to get our federal dollars off the Federal Reserve.
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