Tuesday, January 27, 2009

One giant quote from Lessig's blog

Can't say this better than Lessig did....catch the ending....banks in the US are using bail-out money to fund political parties opposition to Employee rights bills.


Please note that at the end there's a link to an organisation at the bottom that you can click to do something about it...if you're American.

Here's Lessig.

Breaking news from The Huffington Post:

Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community's top legislative priority.

Participants on the October 17 call -- including at least one representative from another bailout recipient, AIG -- were urged to persuade their clients to send "large contributions" to groups working against the Employee Free Trade Act (EFCA), as well as to vulnerable Senate Republicans, who could help block passage of the bill.

...Donations of hundreds of thousands, if not millions, of dollars to Republican senatorial campaigns were needed, they argued..."If a retailer has not gotten involved in this, if he has not spent money on this election, if he has not sent money to [former Sen.] Norm Coleman and all these other guys, they should be shot. They should be thrown out their goddamn jobs," Marcus declared.

Not only are some of the most non-trusted companies in America blatantly trying to buy off Congress, but they're using our bailout money to do it.

This will ONLY change when elections are citizen funded. Join our strike4change to (1) starve the beast, (2) just say no, or (3) fix this absurd system -- now. No money until a candidate commits to citizen funded elections.


Beth said...

I thought regulations were to be put into place to accompany/monitor the bail-outs. Whose regulating the regulators?
Optimism and hope vs. same-old, same-old...

oreneta said...

Honestly, one does have to wonder.

Carla said...

I would want to have this quote independently verified by a legitimate political source. Quoting Huffington is a bit like quoting Rush Limbaugh. Sensationalist journalism by a very conservative operation.

Thus said, I'm hoping Obama will push reform in campaign finance laws, in a fair manner not biased to any one political party or ideology. Of course, getting our Congress to do anything in a bipartisan manner is like herding cats.

oreneta said...

Carla, that is fascinating, I don't know the huffington crowd, but if an über-conservative rag thinks the banks are doing wrong....

Reform, change, yes indeed....