Are BushCo Using the Economic Meltdown to Rob Us Blind?

Obviously conservatives and Republicans in Congress are throwing tantrums about how any additional provisions to the $700 billion blank check are partisan maneuvers to take advantage of a crisis.  They say this as if Hank Paulson isn't a conservative Republican asking for $700 billion for his conservative friends on Wall Street.  This is an ideological war and they are assaulting America.  I'd call it treason but it's legal.

On the flip side, this crisis is our chance to thrash the conservative movement and it's one Democrats should jump on.  I've had anti-corruption fighter David Donnolly note that this is a good moment to get public financing through, since it's obvious that our political system is totally corrupt and needs systemic reform.  This is a good moment to reform the Bankruptcy code.  And it's also a good moment to really shift the rules and help labor (where the hell is labor, by the way); here's a note from Joshua Zeitz, candidate for Congress in NJ-04.



No one is even broaching the topic of unions.  Ironicaly, given my trouble with labor, this is the point I'm going to hammer home this week.  Thanks to the Bush visit, I'll have a microphone.

During WWII, the U.S. government offered industry a deal: cost-plus war production contracts and expansion capital in return for closed shops.  Ford, GM, &c. refused to switch to war production until they were offered these cost-plus contracts, and ultimately, Congress and the Roosevelt administration were able to use both the carrot (massive investment of pulic funds in the construction of privately held plants) and stick (the threat of nationalization) to force the unionization of heretofore non-union shops.


The $700 billion bailout plan is comparable insomuch as it will create a massive infusion of public funds into private firms. Unions are dying, and this is a chance to extend them a life saver. There should be a mandate that any firm accepting the federal funds/buyout of securities unionize its support and clerical staff, sign agreements to use only unionized workers when building new facilities, use unionized (domestic) call centers , &c.  This is a once-in-a-generation chance to use government leverage to open the door for unions. Democrats need to hammer that point home.  It's how we began raising the prevailing wage and benefits in service industries.  This is important.
#story_page_post_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.