Weekly Audit: Banks Get Big Bucks, Consumers Get Bupkis
by Lindsay Beyerstein, Media Consortium blogger
Last week, the Federal Reserve announced a plan to buy an additional $600 billion worth of Treasury bonds in an attempt to stimulate the economy. On Democracy Now!, economist Michael Hudson argues that the $600 billion T-bill buy will help Wall Street at the expense of ordinary Americans.
1. Fighting for Economic Justice and Security in the U.S. and Global Economies
To uphold the right to universal access to affordable, high quality health care for all.
To preserve guaranteed Social Security benefits for all Americans, protect private pensions, and require corporate accountability.
To invest in America and create new jobs in the U.S. by building more affordable housing, re-building America's schools and physical infrastructure, cleaning up our environment, and improving homeland security.
To export more American products and not more American jobs and demand fair trade.
To reaffirm freedom of association and enforce the right to organize.
To ensure working families can live above the poverty line and with dignity by raising and indexing the minimum wage.
2. Protecting and Preserving Civil Rights and Civil Liberties
To sunset expiring provisions of the Patriot Act and bring remaining provisions into line with the U. S. Constitution.
To protect the personal privacy of all Americans from unbridled police powers and unchecked government intrusion.
To extend the Voting Rights Act and reform our electoral processes.
To fight corporate consolidation of the media and ensure opportunity for all voices to be heard.
To ensure enforcement of all legal rights in the workplace.
To eliminate all forms of discrimination based upon color, race, religion, gender, creed, disability, or sexual orientation.
3. Electoral Reform
Eliminate or reform the Electoral College so that a handful of states cannot game the system to override the will of the electorate;
Introduce Instant Runoff Voting so that a wider variety of political parties may compete in elections;
Eliminate private money in elections by creating a national, mandatory, publicly-funded election pot from which all federal candidates must draw; and
Pass laws, up to and including further amendment(s) to the Constitution, protecting the right of every citizen over the age of eighteen to vote.
4. Promoting Global Peace and Security
To honor and help our overburdened international public servants - both military and civilian.
To bring U. S. troops home from Iraq as soon as possible.
To re-build U.S. alliances around the world, restore international respect for American power and influence, and reaffirm our nation's constructive engagement in the United Nations and other multilateral organizations.
To enhance international cooperation to reduce the threats posed by nuclear proliferation and weapons of mass destruction.
To increase efforts to combat hunger and the scourge of HIV/AIDS, tuberculosis, malaria, and other infectious diseases.
To encourage debt relief for poor countries and support efforts to reach the UN's Millennium Goals for Developing Countries.
5. Environmental Protection & Energy Independence
To free ourselves and our economy from dependence upon imported oil and shift to growing reliance upon renewable energy supplies and technologies, thus creating at least three million new jobs, cleansing our environment, and enhancing our nation's security.
To free ourselves and our economy from dependence upon imported oil and shift to growing reliance upon renewable energy supplies and technologies, thus creating at least three million new jobs, cleansing our environment, and enhancing our nation's security.
To change incentives in federal tax, procurement, and appropriation policies to:
(A.) Speed commercialization of solar, biomass, and wind power generation, while encouraging state and local policy innovation to link clean energy and job creation;
(B.) Convert domestic assembly lines to manufacture highly efficient vehicles, enhance global competitiveness of U.S. auto industry, and expand consumer choice;
(C.) Increase investment in construction of "green buildings" and more energy-efficient homes and workplaces;
(D.) Link higher energy efficiency standards in appliances to consumer and manufacturing incentives that increase demand for new durable goods and increase investment in U.S. factories;
To eliminate environmental threat posed by global warming and ensuring that America does our part to advance an effective global problem-solving approach.
To expand energy-efficient transportation choices by increasing investment in synthesized networks, including bicycle, local bus and rail transit, regional high-speed rail and magnetic levitation rail projects.
To preserve prudent public interest regulations that encourage sustainable growth and investment, ensure energy diversity and system reliability, protect workers and the environment, reward consumer conservation, and support an expanding marketplace that rewards the commercialization of energy-efficient technologies.
To protect, preserve, restore, and where reasonably possible expand wild lands and animal and plant populations endangered by human activity, reasonably compensating businesses and homeowners for damages or losses incurred by such.
Pass legislation and encourage community leadership to, among other acts: Increase funding to child placement services (foster care agencies); increase funding for comprehensive sex education programs that are proven to reduce the number of unwanted pregnancies; increase awareness of the protective benefits of proper use of contraceptives, and increase access to them; increase funding for educational programs to spread awareness of sexually transmitted pathogens including viruses and bacteria, and their effects upon the human body; increase funding for prenatal care for unwed and low-income mothers; and expand daycare and nanny services to assist low-income families and single parents who choose to keep their children after birth.
7. Gun Control and State Militias
Adopt reasonable gun control laws that keep guns out of the hands of criminals, while preserving the 2nd Amendment right of law-abiding citizens to keep and bear arms.
Restore full control of the National Guard units to their respective states, maintaining both a federal standing military and the individual state-controlled and regulated Militias.
8. Legalizing Marijuana
Legalize marijuana, and regulate it like tobacco and alcohol.
Increase funds to existing education and rehabilitation programs; create new programs and expand existing ones where necessary, to reduce addiction; pass common sense drug laws that focus on rehabilitation for non-violent offenders; and engage parents and community leaders to educate their children on the dangers of drugs.
The Representative from Washington's Congressional District # 3 is a member of the Democratic Party who has backed George Bush on several matters of critical importance to U.S. citizens in general and progressives in particular: 1) support for the occupation of Iraq, and, especially, support for 'the Surge'; 2) approval of the Peru Free-Trade Agreement in late 2007; and 3) an affirmative vote for the construction of 700 miles of fence/wall along the U.S. border with Mexico.
Consequently, I have been searching for a progressive opponent for Baird in the August primary election. This is the story and result of that search.
Today Public Citizen released a new report "Santa's Sweatshop 'Made in DC' by Bad Trade Deals". According to the report toy safety problems have skyrocketed as major U.S. toy corporations relocated their production overseas to exploit sweatshop wages in countries where they cannot ensure the safety of the products. Thankfully the good folks at Public Citizen's Global Trade Watch has put together a easy to use petition to the presidental candidates that simply says this:
Our current imported toy safety crisis is a symptom of race-to-the-bottom globalization. We need new trade policies that protect our kids and support strong consumer safety protections - not trade deals like NAFTA and WTO that promote the relocation of toy production overseas to venues where safety cannot be ensured.
The U.S. President has the power to ensure U.S. trade policy doesn't undermine the safety of children at play. Urge the candidates to oppose provisions in trade deals that provide special benefits and protections for manufacturers to produce goods in other countries and limit U.S. border inspection and imported product safety standards. Also urge the candidates to provide greater funding for domestic agencies responsible for product safety.
That sound sensible to you? Join me below the fold to learn more about the issue and how to take action.
Once, many of the issues we talk about on this blog were discussed mostly among Rust Belt labor unions or in street demonstrations. But tough questions are increasingly being asked in a variety of places, from the ivory tower to the campaign stump... and in both instances, the focus is on a change in the rules of globalization, rather than perpetuating the stale debate about whether "yes" or whether "no" on globalization. Witness Harvard's Dani Rodrik's new paper, articulating what he says is now the "new orthodoxy" on trade:
We can talk of a new conventional wisdom that has begun to emerge within multilateral institutions and among Northern academics. This new orthodoxy emphasizes that reaping the benefits of trade and financial globalization requires better domestic institutions, essentially improved safety nets in rich countries and improved governance in the poor countries.
Rodrik goes on to push this new orthodoxy further, articulating what he calls his "policy space" approach, allowing countries to negotiate around opting-in and opting-out more easily of international rules and schemes as their development and domestic needs merit. Citing the controversy around NAFTA's investor-state mechanism and the WTO's challenge of Europe's precautionary approach in consumer affairs, Rodrik poses the following challenge to the orthodoxy:
Globalization is a hot button issue in the advanced countries not just because it hits some people in their pocket book; it is controversial because it raises difficult questions about whether its outcomes are "right" or "fair." That is why addressing the globalization backlash purely through compensation and income transfers is likely to fall short. Globalization also needs new rules that are more consistent with prevailing conceptions of procedural fairness.
And this focus on a change of rules hit the political arena today, with a major policy speech by former Sen. John Edwards (D-N.C.). See here. Among the important points, that thus far are only being articulated by Edwards among the top candidates:
* For years now, Washington has been passing trade deal after trade deal that works great for multinational corporations, but not for working Americans. For example, NAFTA and the WTO provide unique rights for foreign companies whose profits are allegedly hurt by environmental and health regulations. These foreign companies have used them to demand compensation for laws against toxins, mad cow disease, and gambling - they have even sued the Canadian postal service for being a monopoly. Domestic companies would get laughed out of court if they tried this, but foreign investors can assert these special rights in secretive panels that operate outside our system of laws.
*The trade policies of President Bush have devastated towns and communities all across America. But let's be clear about something - this isn't just his doing. For far too long, presidents from both parties have entered into trade agreements, agreements like NAFTA, promising that they would create millions of new jobs and enrich communities. Instead, too many of these agreements have cost us jobs and devastated many of our towns.
*NAFTA was written by insiders in all three countries, and it served their interests - not the interests of regular workers. It included unprecedented rights for corporate investors, but no labor or environmental protections in its core text. And over the past 15 years, we have seen growing income inequality in the U.S., Mexico and Canada.
*Today, our trade agreements are negotiated behind closed doors. The multinationals get their say, but when one goes to Congress it gets an up or down vote - no amendments are allowed. No wonder that corporations get unique protections, while workers don't benefit. That's wrong.
So, our movement has made real progress when things like Chapter 11, Fast Track and the precautionary principle are even being discussed by politicians and academics in the context of trade policy debates. And hopefully Edwards' raising of these issues will put pressure on the other candidates to follow suit. In the meantime, you can help turn the nice words into action by clicking here.
Fruit and Veggies laced with pesticides?
Oysters tainted with Listeria?
Shrimp sautéed with Salmonella?
Spinach with a side of E. coli?
Just plain filthy fish?
Hungry yet? In the last couple months, I know many of us have thought twice while picking our food for our families at the supermarket, and we should. The CDC estimates that 76 million Americans suffer from foodborne illnesses every year, 325,000 are hospitalized, and 5,000 die.
While the mainstream media is happy to tell the public of the great threats to their health and safety, scaring them stiff into watching the evening news, they rarely ask why the flood of dangerous imports is happening and of our leaders, what can be done to stop it.
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