The Magnitude and Meaning of the Proposed Bailout:
What $700 Billion for Wall Street means on Main Street
Northampton, MA - September 23, 2008 – The plan proposed by President Bush and Secretary Paulson for a $700 billion bailout of Wall Street is difficult for most people to comprehend. National Priorities Project, a non-partisan organization that offers research and analysis of federal spending priorities, is offering an analysis of what $700 billion means to taxpayers.
“It is extremely difficult for most of us to get our minds around what this extraordinary amount of money means,” says Jo Comerford, Executive Director of National Priorities Project. “We hear every day about spending cuts to infrastructure and social services. Now the current Administration is proposing to spend more than what is currently allocated for the U.S. War in Iraq on this Wall Street bailout. It is critically important that we urge our elected representatives to take a close and careful look at the trade offs involved in their decisions.”
A healthy and productive economy requires substantial investment in affordable housing, health care, education and renewable energy. Taxpayers in the United States who will be required to pay $700 billion for the Wall Street bailout should also know that for the same amount of money, they could secure the following:
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51.6 million people with health care for four years OR
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181.2 million homes with renewable electricity for four years OR
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2.9 million elementary school teachers for four years OR
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27 million four-year scholarships for university students
$700 billion is more than what is currently allocated for the U.S. war in Iraq. This amount would allow us to repair all of our nations 77,000 deteriorated bridges and still have $519 billion to spend; or it would allow us to rebuild all of our nations 33,000 deteriorating schools and still have $664 billion to spend. For more analysis and trade-offs at the State and Congressional District level, please visit National Priorities Project's Trade-offs page online (www.nationalpriorities.org/tradeoffs).
The National Priorities Project (NPP) is a 501(c)(3) research organization that analyzes and clarifies federal data so that people can understand and influence how their tax dollars are spent. Located in Northampton, MA, since 1983, NPP focuses on the impact of federal spending and other policies at the national, state, congressional district and local levels. For more information, go to http://nationalpriorities.org.
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www.VelvetRevolution.us
Ralph Nader's bailout warning
Nader's warning:
http://www.votenader.org/media/2008/09/24/meltdownbailout/
Nader and Obama have no chance because of Republican election tampering. Vote Nader to make a statement, not to get him elected!
www.votenader.org
Al K.
alkeng:
I think a MUCH BETTER statement is to get him in the debates! Are you doing as much as you can to accomplish this? Where do I go to help? Is there something to sign? A petition?
How the hell do we re-instate The League of Women Voters? Having the Uni-Party Thugs decide the debates is like having the foxes rule the hen house!
Open the debates
Here is a link to the Nader site with contacts, petitions, etc. - http://www.votenader.org/debates/ . Check out the corporate sponsors of the first debate - the list starts with AT&T!
I sent e-mails to the Obama and McCain sites, and to the Corporation, I mean Commission on Presidential Debates.
We sure do need to get the League of Women Voters back. Now we're in a league of doodoo and sinking!
Open debates
Mary Godwin
Here is a link to the Nader site page about open debates, with petition link, contact info, etc. : http://www.votenader.org/debates/ . Be sure to check out the list of corporate sponsors for the first debate - first on the list is AT&T!
I sent emails to the Obama and McCain campaigns, and to the Corporation, I mean Commission on Presidential Debates.
You're right - without the League of Women Voters, we are sinking in a league of doodoo!
Contact Obama
R.A. Borwn,
"I think a MUCH BETTER statement is to get him in the debates!"
I agree 1000% This is EXACTLY where Nader has a chance of making a real impact on the direction of our country! It is really THE REASON he is running for president. He is NOT DUMB and knows full well what chance he has at the White house! That shouldn't stop ANYONE for voting for him though.
It seems there is reason to think Nader's participation in the debates will help Obama. We need to do EVERYTHING we can to convince Obama this is indeed true. Contact the Obama campaign and tell them "We trust Nader to tell the truth but don't believe he has a chance to win. If Obama tells the truth too he can pin McCain to the wall.
To reach the Campaign Headquarters by phone, call: (866) 675-2008
BTW: I called the Obama Campaign yesterday to promote that idea but the call got dropped. I need to try again! I just found the number above. I am not sure it will work.
Al K.