Monday, September 29, 2008

$700 billion Bailout Jeopardizes Universal Health Care and Investment in Renewable Energy

David Sirota sums up what the passage of a $700 billion bailout for Wall St. would mean to progressive reforms...

Food for thought: $700 billion is about 5 percent of our entire economy. It is roughly enough to create a universal health care system for the next 5 to 10 years. It is also enough to fund the energy and infrastructure investments most economists say we need to build our economy in the 21st century. Handing that $700 billion over to Wall Street and putting it on the national credit card will make it almost impossible to finance these priorities.

Put another way, lawmakers who vote for this $700 billion bailout are potentially casting a vote to decapitate the progressive movement and the major tenets of its agenda - at least for the next generation.

Contact your members of Congress and tell them irresponsible CEOs don't need to be bailed out.

1 comment:

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