Excerpt:
David Sirota sums up what the passage of a $700 billion bailout for Wall St. would mean to progressive reforms…
Food for thought: $700 billion is about 5 percent of our entire economy. It is roughly enough to create a universal health care system for the next 5 to 10 years. It is also enough to fund the energy and infrastructure investments most economists say we need to build our economy in the 21st century. Handing that $700 billion over to Wall Street and putting it on the national credit card will make it almost impossible to finance these priorities.Put another way, lawmakers who vote for this $700 billion bailout are potentially casting a vote to decapitate the progressive movement and the major tenets of its agenda - at least for the next generation.
Contact your members of Congress and tell them irresponsible CEOs don’t need to be bailed out.
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