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They've got Teabags. We've got Coffee Filters. Say it's the last vestiges of Trickle Down Economics

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omega minimo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-10-09 10:39 PM
Original message
They've got Teabags. We've got Coffee Filters. Say it's the last vestiges of Trickle Down Economics
Wear a coffee filter on your head for the nationwide protests tomorrow, if that's all that's bothering you, that "someone" might associate it with the Teabaggers.

ADDED BONUS: you won't be making a disgusting clueless joke out of yourself not even realizing it!! I mean, come on, who ever heard of "COFFEEFILTERING"? :spray:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5429068

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5429068&mesg_id=5429068

More About These Protests

A New Way Forward is made up of national protests that will take place all over the country in major cities on April 11, 2009. This site was set up to help people and groups organize around a progressive approach to economic recovery in a ground up, localized organizing effort. People from all backgrounds will come together to influence national policy and organize their own protests in their own city on April 11.

The site allows anyone to sign up their city for a protest and begin working out the details with other local protesters in designated forums. Though each protest will be executed differently by different groups of people, the website provides a national community that will help draw attention, support and resources to the local efforts.

NATIONALIZE: Experts agree on the means -- Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts. (see Krugman on nationalization)

REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in the cost of what they have caused. (see Simon Johnson on reorganizing)

DECENTRALIZE: Banks must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place-- new banks, managed by new people. Any bank that's "too big to fail" means that it's too big for a free market to function. (see Mike Lux on decentralization)
Big bankers ruined our economy and now they are gaming the political system so they can profit even more off the crisis they caused. They must be stopped.

On April 11th, 2009, the public will come out in cities across the country to express their frustration and disapproval with how our elected officials have handled the economic crisis. No one has been left unscathed; this protest is yours.

The bankers' failure to see anything beyond short-term profit for themselves has torn this country apart and jeopardized our future. But the blame doesn't lie only with the banks; it also lies with the U.S. government that failed to protect its citizens through regulation and oversight.

Through their blind and unconditional faith in the financial markets, the banks and the government have made us all into victims of greed gone out of control. This crisis is an opportunity for President Obama to lead the U.S. in a new direction; one that values economic growth, but protects the well-being of the public before the bank accounts of the world's financial elite.

But, so far, the policies proposed by the Obama administration to deal with the crisis look too much like the Bush-Paulson bailouts.

At the personal level, we know that the smart thing to do with our money right now is generally the less flashy thing. Paying off our debts and saving for the future protects us from the risks we can't afford to take in the current market. The same rules apply to the banks. This is a time for a level-headed government to step in and steer unhealthy banks away from more risky bets, and to help them stabilize in the name of economic security for America.

Nothing tells the bankers to keep on doing what they're doing more than an endless stream of free taxpayer money. The banks know that the government considers them too big to fail; if nationalization is off the table, what incentive do they have to act in the public interest?
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