[by Andrew Pollack]US bankers had much to be thankful for this Thanksgiving. Citigroup, the country’s largest bank, got a package worth $306 billion in investment and guarantees from the government, and its rivals expect to be next in line. The Fed committed $800 billion more to try to revive the flow of credit. And Bloomberg … Continue reading Nationalize the Banks! No More Bailouts for the Rich!
Tag: Obama
What To Do With the Big Three
[by Bill Onasch]In the November issue of Socialist Action newspaper we wrote about a potential deal for General Motors to acquire Chrysler. That fell through because GM couldn’t put its hands on enough cash..It turned out their troubles were actually much deeper than previously acknowledged. Plunging sales, downgraded credit ratings, and tanking stock value, was … Continue reading What To Do With the Big Three
Scary October for the System’s Rulers and Victims
[by Andrew Pollack]The Great Depression of the 1930s is commonly said to have started with the stock market crash of Black Friday, October 24, 1929. Leaving aside the fact that the crash in fact had its roots in a decades-long crisis of the system, it’s ironic that this October has turned out to be an … Continue reading Scary October for the System’s Rulers and Victims
Obama’s Victory: A socialist perspective
[a Socialist Action editorial]Barack Obama, a Black man, has been elected President of the United States. Few, if any, thought his victory was even a remote possibility in racist America when capitalism’s two-party multi-billion dollar electoral charade began twenty-one months ago.When Obama’s win was projected early on as a certainty by television stations across the … Continue reading Obama’s Victory: A socialist perspective
Chain-Mail Letters
[by Joe Auciello]Recently an elderly woman at a John McCain rally told the Republican nominee, “I don’t trust Obama. I read that he’s an Arab...” At this point, no doubt fearing a public relations disaster, McCain took the microphone and told her no, she was wrong. Of course, she was wrong -- several times over. … Continue reading Chain-Mail Letters
Education in the 2008 Election
[by Corey Mattson]In this election year many teachers have put their faith in an Obama presidency to thwart the corporate attack against the public schools. Teachers understand very well that a McCain presidency would be bad for American education. McCain openly demonizes the teachers unions at every turn, supports the failed policy of No Child … Continue reading Education in the 2008 Election
No Bailout for Wall Street!
[by Jeff Mackler]One day in late September 2008, the top representatives of the tiny hereditary US ruling class, the trillionaires who really run the country and own and control its banks, insurance companies and major corporations, cloistered in a very private locale, most likely in Washington, to figure out how to deal with what everyone … Continue reading No Bailout for Wall Street!
Behind the Wall Street Bailout: Workers Need An Action Program to Confront the Crisis
[by Andy Pollack]In September the Federal government effectively took over, in order to protect the bosses’ profits, the two biggest mortgage holders and the biggest insurer in the country, and proposed to give bankers $700 billion to rescue the industry as a whole, a sum to be overseen by the dictates of the Treasury Secretary.The … Continue reading Behind the Wall Street Bailout: Workers Need An Action Program to Confront the Crisis
Obama’s Support for Wall Street Bailout & Other Attacks on Workers
[by Andy Pollack]The AFL-CIO, Change to Win, and virtually every individual union in the country is supporting Barack Obama for President. Yet as we’ll show below, he’s just another pro-corporate, pro-ruling class politician.First, a word about McCain’s economic platform, whose pro-corporate, pro-ruling class planks are so obvious that they need little exposure (it’s the job … Continue reading Obama’s Support for Wall Street Bailout & Other Attacks on Workers
The American War Moves to Pakistan
THE AMERICAN WAR MOVES TO PAKISTANBy Tariq AliThe decision to make public a presidential order of last July authorizing American strikes inside Pakistan without seeking the approval of the Pakistani government ends a long debate within, and on the periphery of, the Bush administration. Senator Barack Obama, aware of this ongoing debate during his own … Continue reading The American War Moves to Pakistan
The Socialist View of the 2008 Election
[by Jeff Mackler]The two-party shell game of U.S. capitalist politics is now in full swing, with an impressive cast of characters lining up to support Obama, as they did with John Kerry. Some are helping to prettify his image and others proclaiming for the umpteenth time in history that "lesser evilism" is a viable political … Continue reading The Socialist View of the 2008 Election
Jeremy Scahill on Blackwater, McCain and Obama
Below is Jeremy Scahill speaking in Cleveland, OH at the National Assembly to End the Iraq War & Occupation.
The Iraq War & the Economy
[by Andrew Pollack]The New York Times report on 5th-anniversary antiwar protests claimed that "while the banners and bullhorn rhetoric were strident, the mood among some was pessimistic. 'The war is not going to end,’ said Bob McGee. 'It doesn't matter who wins the election. The only thing that's going to stop it is the destruction … Continue reading The Iraq War & the Economy
Untangling the Election Madness: A Reply to Howard Zinn
Howard Zinn, in his column for “The Progressive” (March 2008), has written a political analysis that deplores the current “election frenzy.” In its place he offers a guide to action based on the understanding that presidential elections, in and of themselves, do very little to solve social problems. Unfortunately, his overall argument is flawed by … Continue reading Untangling the Election Madness: A Reply to Howard Zinn
The First Casualty
by Joe AucielloA good way to discover the truth is to compare the mis-truths and lies. Recently, the likely Republican presidential nominee, Senator John McCain, let slip a prediction that the American military would remain in Iraq “for a hundred years.”The Democratic candidates and their supporters gleefully pounced on this unusually candid remark to prove … Continue reading The First Casualty
Is Obama an “Anti-War” Candidate?
by Joe AucielloCredit Senator Barack Obama and his staff for running an enormously successful primary campaign. Shrugging off a disappointing defeat in New Hampshire, he has, by late February, beaten former frontrunner Hillary Clinton in 11 straight primary and caucus elections and is poised to capture his party’s nomination for president.Within a short time, Obama … Continue reading Is Obama an “Anti-War” Candidate?
I Didn’t Support Democrats in ’68 and I Won’t in ’08
by Carl FinamoreSenators Barack Obama and Hillary Clinton are attracting thousands to their rallies and setting records for voter turnouts in the Democratic Party primaries. Reports abound that millions are infused with hope and optimism.This 2008 election reminds me of my generation of radicalizing youth being courted in 1968 by Democratic Party "peace and reform" … Continue reading I Didn’t Support Democrats in ’68 and I Won’t in ’08
Should Activists Look to Democrats to End the War?
On Sept. 26 the Democrat-controlled Congress passed its second blank check for war in Iraq. Three days later in a debate between leading Democratic presidential candidates, Clinton, Obama, and Edwards were each asked to commit to withdrawing all U.S. troops from Iraq by 2013 if elected president. All said that they could not.Since the invasion … Continue reading Should Activists Look to Democrats to End the War?