From empire to democracy
Howard Zinn rocks again at the Guardian:
The rationale for taking $700bn from the taxpayers to subsidise huge financial institutions is that somehow that wealth will trickle down to the people who need it. This has never worked. [...] The alternative is simple and powerful. Take that huge sum of money and give it directly to the people who need it.
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Responses to the Bailout Bill
The US Congress passed Version 2 of the $700 billion Wall Street bailout bill last Friday. Whether or not it was the right decision to make will be evident in the coming weeks, months and years. And while the market still seems to be uncertain of the bill’s ability to fix our economy, President Bush is doing his best to convince his friends that it was a “clearly necessary” action. I, however, am doubtful such a reckless and rash band-aid of an attempt to fix the economy will be anything but unsuccessful, and will surely increase an already enormous national debt.
We’ve hand picked some of the best responses to the bill. Cenk Uygur tells us exactly why we should not pass (shouldn’t have passed) the bailout bill, and government officials give their scintillating comments to the media. Read further!
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