The next few weeks will culminate into a defining moment in American history and lay the course for our economic future. After two years of being asleep at the switch, Congress is finally stepping up and taking action on financial reform. The resulting bill will be a clear indication and definitive proof as to who is actually running our country. Will it reinforce the dominance of the Wall Street elite, or will it mark a rebirth of the rule of law and economic prosperity for millions of Americans who have seen their standard of living decline?
The early indications are ominous, two of the most crucial aspects of true reform have already been dealt a severe blow. The amendment to break up the "too big to fail" banks has been voted down, and the amendment to audit the Federal Reserve has been gutted of important provisions.
We cannot just sit back and let politicians, who are overly influenced by campaign funding and lobbying activities on the part of the big banks who have plunged us into this crisis, decide our future without us. Our passive unwillingness to stand up for our own rights is part of the reason we are in this crisis to begin with. Right now is the most pivotal time for us to make our voice heard.
This bill is where we draw the line and STAND UP.
Enough is enough! It's time for Americans to take OUR economy back from the big banks and financial interests that have looted it. It's time to restructure, decentralize and democratize OUR economy.
Wall Street has pillaged our country. It has been bailed out and saved from their casino gambling, Ponzi schemes and allowed to continue their plunder. They are the concentrated power that history has warned us about.
Trillions of our taxpayer dollars have been handed over from the Treasury Department and Federal Reserve to the Wall Street elite, handed over to benefit the very people who caused the crisis. The truth about how many trillions of our tax dollars have been "transferred," and who exactly they have been given to, has been kept secret in the un-audited Federal Reserve. It is time to audit the Fed and either dismantle it or remake it so it reflects the interests of the people, not the big banks who have hijacked our economy.
How much do they have to steal before Americans say, 'No more! It is OUR money, it is OUR economy'? How many more honest, law abiding, hardworking Americans have to lose their homes, jobs and struggle just to acquire basic necessities and make ends meet before these greedy bankers are held accountable?
Before laying out our 12-step program to take our economy back, let's take a brief look at some of the devastating results of Wall Street's greed:
- Over 50 million US citizens are living in poverty;
These are just some of the horrifying results of Wall Street's rigging of the economy. The free-market is now a rigged-market ruled by corporate welfare and crony capitalists who are funneling wealth away from 99% of the American public and directly into their coffers on an unprecedented scale. Risk, losses and debts have been socialized, while profits have been privatized.
As a consequence of their continued looting, austerity measures are about to be implemented. In state after state across the country, and on a federal level, we are facing severe deficits. Mass school closings have already been scheduled for the end of this school year, as thousands of teachers have already been told that they will no longer have a job. Pension funds and medical programs are being slashed. Fire fighters, police and health care workers are being cut back . Six million Americans are on the verge of losing the unemployment benefits that they have been surviving off of and there are now a record six available workers for every one job opening. Unemployment insurance funds have already been depleted in 33 states, with more expected to go into the red within the next few months.
Draconian cuts in vital social programs and critical government functions are just beginning to be phased in, while our national wealth is still being transferred to the wealthiest. They are pulling out the social infrastructure from below us and are about to pile higher taxes on top of us.
While nearly 200 million, two out of three, Americans are struggling to make ends meet and currently living paycheck to paycheck, billionaires have increased their aggregate wealth by a stunning 50% during this economic crisis.
The Robber Barons of the Gilded Age have now been displaced as America's greediest ruling class.
After trillions in bailouts - a cover for the greatest theft of wealth in history - we are seeing record-breaking profits and bonuses on Wall Street. We have the power to stop this looting, break up this concentrated power and take back the economy. We just have to stand up for ourselves - TOGETHER.
We can break the financial oppression, and here's how we will do it.
The Mobilization for OUR Economy begins while the Obama Administration and Congress are debating reform of the financial industry. However, much more than what is being proposed is needed to give Americans control over their economic lives. To achieve these objectives, we are working to make the following common-sense reforms into reality:
- Break up the "Too Big To Fail" Banks. You can't have free-market competition when a handful of big banks can rig the market and regulatory structure to benefit themselves at the expense of everyone else. We will continue to push for reforms put forth in the Kaufman-Brown SAFE Banking Act.
These are our primary objectives and the necessary steps that must be taken to take OUR economy back. If the financial reform bill, that has been two years in the making, doesn't live up to this 12-step program, we will know that our politicians have sold us short once again.
The Wall Street elite have controlled our political process for too long!
We must show them that we mean business this time, so STAND UP and fight for your future. Join us at sit-ins, protests and rallies across the United States. We can take back our country. We can regain control over our economic lives.
Get involved, sign up at www.forOUReconomy.org