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DEMOCRATIC
SOCIALISTS
OF
AMERICA
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March 16,
2010
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NEWS FROM DSA |
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Rallies
to Demand:
Good Jobs Now!
Make Wall Street Pay! Beginning this week the AFL-CIO, along with allies outside the labor
movement, is organizing rallies demanding that Wall Street pay for the
damaging recession it caused. The official demands of the rallies are:
--Pay your fair share to create the 11 million jobs America
needs.
--Stop fighting financial reform. --Lend to your communities, small businesses and others starved for credit. DSA strongly supports these rallies, which focus attention on the
desperate need to create jobs and the importance of passing strict new
regulations to prevent the stock markets and the big banks from engaging in the
wild speculation that puts our economy at risk.
Unless massive numbers of jobs are created, there is little chance of
restoring purchasing power to the millions of workers who lost their
jobs or are subsisting on part- time work. The official unemployment
rate tops 9.7 percent, under-employment is officially at more
than more 16 percent and the real numbers are much higher. Moreover the
fiscal crises facing state and local governments threatens a massive new wave of
layoffs that could lead to a second economic
contraction.
The job losses caused by the recession threatened
millions. The mortgage crisis spread well beyond sub-prime borrowers,
putting the homes of millions of middle-income families' homes at
risk.
Because The Good Jobs Now Make Wall St. Pay program recognizes how
critical and how inter-related are these issues, it is calling for
heavy taxes on Big Bank bonuses and transactions by Wall Street speculators.
It's program reads:
To Make Wall Street Pay, we support taxing Big Bank bonuses and
transactions by big Wall Street speculators, the people who created the current
economic crisis. A tax on financial speculation can discourage unhealthy
financial trading while raising money to create jobs and reduce the
deficit.
Wall Street must pay:
* for a major jobs plan to extend
unemployment insurance benefits, food assistance and health
benefits.
* to rebuild our
crumbling infrastructure.* for aid to state and local governments to save critical services and jobs. * to increase funding for neglected communities to match people who need jobs with work that needs to be done. Wall Street must also use TARP money to get credit flowing to small businesses for job creation. DSA urges its members and friends to
participate in these rallies.
In solidarity,
 Frank Llewellyn National Director |
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Paid for by the Democratic
Socialists of America , 75 Maiden Lane, Suite 505, New York, NY
10038. |
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