Bailout protest escalation

[peaccenicked]

Protest at bailout (http://inthesenewtimes.com/2008/09/26/active-sharing-camprock1212-inbox-0-my-videos-favourites-subscriptions-inbox-more-account-quicklist-0-help-sign-out-worldwide-english-closeclose-set-your-country-content-preference-what-is-th/)


link to Laborers’ International Union of North America (http://inthesenewtimes.com/2008/09/26/wall-street-should-be-looking-for-bail-not-a-bailout/) statement

More actions
(http://truemajority.wiredforchange.com/event/distributedEventCalendar.jsp)

[Mindtoaster]

Is it even possible to sustain the economy without bailing out the companies?

[peaccenicked]

The question is whose economy? The bailout if for wall st. not main street. The bailout might sustain some banks for a while but it is like putting a bandage over a deep fracture. The derivatives on sale cannot be sold just now by private banks. Is the government going to do better? It has been called cash for trash. Make no mistake about it. The ship is sinking, its now about who gets the lifeboats.

[Rosa Lichtenstein]

The bailout is aimed at buying up debt at above market prices (otherwise, others in the market would buy it), and hence this is a transference of huge sums from the US taxpayer to rich corporations.

And it may be as high as $1.7 trillion!

http://mailman.lbo-talk.org/pipermail/lbo-talk/Week-of-Mon-20080922/015527.html

[peaccenicked]

http://www.openmediaboston.org/files/imagecache/article/files/DSCN0984.JPG
The reports of the protest are not hitting prime time media, if only we were protesting about Tibet just before the olympics or during it.

http://www.youtube.com/watch?v=nG2ojZhDsps&eurl=http://inthesenewtimes.com/

[BraneMatter]

$1.7 trillion may be a conservative estimate.

When you consider all the billions handed over to the war contractors, and all the corporate bailouts, Bush has presided over the largest robbery of the American worker and taxpayer in history. In fact, likely the biggest theft of ANY kind in ALL history, period!

You would think there would be massive civil disturbances over this (at least), but, alas, the politicians in D.C. don't work for the people and so the bailout will be passed anyway regardless.

And if things get too hot in the U.S., Bush already has his escape estate in Paraguay ready to go, and Cheney has converted his Dollars to Euros, and along with Halliburton, is prepared to move his headquarters to the globalist nexus of Dubai...

Is Bush worried about his legacy? Nah. As reported in the LA Times, when asked about his legacy by reporter Suthichai Sae-Yoon, of the Nation Multimedia Group in Thailand, Bush replied, "Oh, I don't know, I'll be dead when they finally figure it out.''

[peaccenicked]

You would think there would be massive civil disturbances over this (at least), but, alas, the politicians in D.C. don't work for the people and so the bailout will be passed anyway regardless.

There is a real danger that protest as a form will die and we all become zombies with political correctness on our side. Politics is an art, the art of the possible. We on the left have to encourage those in struggle and look for opportunities that rail against futility. The State is more frightened (http://inthesenewtimes.com/2008/09/26/army-deploys-combat-unit-in-us-for-possible-civil-unrest/) than we think. There are more civil disturbances than reported and more due. (http://truemajority.wiredforchange.com/event/distributedEventCalendar.jsp).

The individual has a role to play, we may be all just grains of sand, but we can add our weight, if not now but in preparation for the future, and heaven knows what or whom could tip the scale in our favour (http://inthesenewtimes.com/2008/09/27/rebellious-house-republicans-want-to-be-part-of-the-bailout-debate/)

[redarmyfaction38]

The bailout is aimed at buying up debt at above market prices (otherwise, others in the market would buy it), and hence this is a transference of huge sums from the US taxpayer to rich corporations.

And it may be as high as $1.7 trillion!

http://mailman.lbo-talk.org/pipermail/lbo-talk/Week-of-Mon-20080922/015527.html
bet they don't bail out of the $3 trillion war in iraq to pay for it.