Striking Stella D'oro workers at Judson Church "Resistance + Recovery" event. Does President Obama need to increase the spending of his economic stimulus plan? According to Noble Prize winning economist Paul Krugman, yes. Krugman recommends the President spend a little over a trillion dollars to undo this economic train wreck handed to him by the incompetent Bush administration. However, the World Socialist web site says Obama's stimulus package is still top-heavy with all sorts of goodies for the rich fat-cat bastards that got us in this mess in the first place. For example the site says, "Despite the talk of a "21st century New Deal", the $825 billion package includes no proposals for government public works projects, let alone plans to hire the millions who have lost their jobs" Further it states, "A third of the package will be used to pay tax cuts, half of which are for big business. The House bill includes $7.7 billion in grants for investors in renewable energy, while the Senate Finance Committee inserted a provision that would give companies tax relief on forgiven debt, a measure for which the US Chamber of Commerce and casino giant Harrah's Entertainment lobbied hard". I know, your saying what about the money Obama wants to spend on infrastructure rebuilding. Well the World Socialist web site says that it still wont be enough to repair all the nation's crumbling roads, bridges and highways. It says the Obama plan calls for spending $ 30 billion for roads and $10 billion for transit and rail. Unfortunately, its not enough because the site says, ...."the American Society of Civil Engineers estimates that it would cost at least $1.6 trillion to bring the country's crumbling bridges, roads and schools back to "good condition". GroundZero estimates it would take at least $2.1 trillion to kick start our failing system. Perhaps its time for real economic change. Let's bail out the workers and not the banks. Why not have the government fund worker cooperatives and let the workers run the factories which the rich fat-cat "outsourcers" have abandoned. Mr President lend me your ear! And boycott Stella D'oro cookies people. The workers there have been on strike for five months. Victory for the workers!-KS
Saturday, January 31, 2009
Stella Dora workers fighting for their jobs
Striking Stella D'oro workers at Judson Church "Resistance + Recovery" event. Does President Obama need to increase the spending of his economic stimulus plan? According to Noble Prize winning economist Paul Krugman, yes. Krugman recommends the President spend a little over a trillion dollars to undo this economic train wreck handed to him by the incompetent Bush administration. However, the World Socialist web site says Obama's stimulus package is still top-heavy with all sorts of goodies for the rich fat-cat bastards that got us in this mess in the first place. For example the site says, "Despite the talk of a "21st century New Deal", the $825 billion package includes no proposals for government public works projects, let alone plans to hire the millions who have lost their jobs" Further it states, "A third of the package will be used to pay tax cuts, half of which are for big business. The House bill includes $7.7 billion in grants for investors in renewable energy, while the Senate Finance Committee inserted a provision that would give companies tax relief on forgiven debt, a measure for which the US Chamber of Commerce and casino giant Harrah's Entertainment lobbied hard". I know, your saying what about the money Obama wants to spend on infrastructure rebuilding. Well the World Socialist web site says that it still wont be enough to repair all the nation's crumbling roads, bridges and highways. It says the Obama plan calls for spending $ 30 billion for roads and $10 billion for transit and rail. Unfortunately, its not enough because the site says, ...."the American Society of Civil Engineers estimates that it would cost at least $1.6 trillion to bring the country's crumbling bridges, roads and schools back to "good condition". GroundZero estimates it would take at least $2.1 trillion to kick start our failing system. Perhaps its time for real economic change. Let's bail out the workers and not the banks. Why not have the government fund worker cooperatives and let the workers run the factories which the rich fat-cat "outsourcers" have abandoned. Mr President lend me your ear! And boycott Stella D'oro cookies people. The workers there have been on strike for five months. Victory for the workers!-KS
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