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I don’t want to call it a “bailout plan,” because it doesn’t appear to contain any such provisions. All I have from Matt Stoler is this:
U.S. Rep. Peter DeFazio (OR-04), an outspoken critic of the Bush/Paulson bailout, along with Rep. Kaptur (OH-09), Rep. Scott (VA-03), Rep. Cummings (MD-07), Rep. Doggett (TX-25), Rep. Holt (NJ-12), Rep. Edwards (MD-04) and Rep. Hirono (HI-02), will introduce legislation today to address the failures in the financial markets. DeFazio believes that the Paulson/Bush proposal is based on a flawed premise: if the American taxpayers spend $700 billion to buy Wall Street’s toxic assets – a plan pundits are calling “trash for cash” – it will create liquidity in our financial markets and will somehow trickle-down to Main Street.
DeFazio’s plan is not in any way based on the Paulson/Bush plan. Instead of throwing taxpayer dollars at the program and crossing our fingers that the plan work, the measure will direct the Administration to take five simple steps, suggested by noted economist and former head of the FDIC, William Isaac, to re-regulate the markets and move America towards a healthy financial future.
The legislation will be available at the press conference.
Who: Rep. DeFazio, Rep. Kaptur (OH-09), Rep. Scott (VA-03), Rep. Cummings (MD-07), Rep. Doggett (TX-25), Rep. Holt (NJ-12), Rep. Edwards (MD-04) and Rep. Hirono (HI-02)
What: Press Conference to introduce legislation to fix financial markets
Where: House Radio and TV Gallery
When: 3 pm TODAY
3:00 has already come and gone on the east coast, so I’ll try to track this down for more information. Obviously it won’t pass, but it may reframe some of the discussion, especially with most of the “no” voting Republicans back home running for re-election.
Addendum: I couldn’t find any mention of the story on CNN’s front page, but the page did contain this story about a woman in a cow suit chasing kids and urinating on her neighbor’s front porch. Yeah, that’s national news.
Second addendum: It doesn’t look like it’s in bill form yet, but the Nation reports on the Progressive Caucus proposal. It incorporates Obama’s proposal of an increase in the FDIC insurance limit from 100 grand to 250, which could save small businesses if the banks fail. Looks like they’re willing to let the banks fail. And basically, the FDIC, not the Treasury Department, would become equity owners in return for promissory note loans to banks who qualify. The proposal also requires some increased SEC regulations, which I don’t understand with a quick reading. For instance, I’m not really sure what they mean by an “economic value standard” to determine the value of the institution’s assets. I don’t know what the “up-tick” rule is that they would restore. And I don’t know what a “naked short sale” is, but it certainly sounds like something that should be prohibited.
Third addendum: Here’s yet another bailout plan!
Expropriate the Bourgeoisie Through Workers Revolution!
No to the Bailout of the Capitalist Speculators!
Down with the Dictatorship of Finance Capital!
How goes the grammar of slogans? The first is fine declarative grammar. The second one is horrible grammar. But we take for granted the third. I’m not sure it’s grammatically correct.
From the KEET site:
In preparation for the November 4, 2008 election, KEET-TV Channel 13 is teaming up with the League of Women Voters of Humboldt County to produce and broadcast eight live candidate forums in the month of October. During the forums, each candidate will present their views on important issues and field questions from viewers and/or local journalists, who may call in with a number provided during the program.
On Wednesday, October 1, 7:00 to 8:00 p.m., Channel 13 will present a candidate forum for Supervisor, County of Humboldt, District Two. The participating candidates are Clif Clendenen, Estelle Fennell, *Johanna Rodoni, incumbent (*pending qualification as write-in candidate.)
Passing along a message from Chip Roberson of Sonoma County Campaign Office – read below – Northern California is being asked to focus calls to New Mexico:
It’s been a couple of weeks since I last sent out a big update and now looked like a good time to fill you in on what I know as of right now. As usual, this is always subject to change so please remain flexible.
Phone a Battleground State
First, I want to thank everyone who has been working in support of our efforts to phone Nevada. I don’t have the exact numbers but the last two weekends we made between 175,000 and 200,000 calls to battleground states from California. In our Region which includes CDs 1-6 and 18-22, we made 30,331 calls this past weekend which was right on target. A significant percentage of that came from our two CDS: 1 and 6. Thank you!
That said, our goal this week will be 30,000 again but each week after that it will increase by 10,000 EACH WEEK until we get to 70,000 calls the weekend before the election. That’s a big “ask” and it’s why the CA Supporter calls from our phonebanks have been and will continue to be so important. We will never reach our goals without more phonebanks and more people attending them.
California phones three states
As many of you know, California has been effectively swamping Nevada’s resources with our phonebank efforts. We are a much bigger state and the targeted population of voters in Nevada is just not large enough to split up across CA on a daily basis. Nevada was working around the clock and it just became apparent that we needed to repartition our efforts. &nbs p;Counter-intuitive as it may sound, its actually more efficient to have a smaller number of people making the calls into Nevada.
So, the campaign has split CA up into three parts and Regions 1 and 7 have taken over New Mexico while SoCal keeps Nevada and the other regions get Colorado. This means a few things:
1) If you are using MyBo’s Neighbor to Neighbor, you should be selecting “Call a battleground: New Mexico”.
2) If you are hosting or attending a phonebank, you will most likely be calling New Mexico.
3) If you have a VoteBuilder account for data entry, you should soon have access to New Mexico when you log in.
To find your nearest phonebank, please go to the events page at MyBo and search:
Out of State Travel / Drive for Change – Nevada
Last weekend California sent 1000 people to Nevada to canvass — well done! — and we have over 200 more prospects thanks to the phonebank efforts from our two CDs.
If you are signed up to travel to Nevada for either a weekend or for an internship, that is still on! You should be contacted by a staffer in Nevada to confirm your travel by at least the Sunday before. No more supporter housing will be offered and everyone is encouraged to stay at a local hotel — again, Nevada should be sending you information on hotel accommodations.
If are interested in traveling to Nevada to help out on the ground, then the campaign wants you to go to the following web-page and fill out a form with your contact information and preferences. Once you do that, the information will be sent to Nevada and someone will contact you from Nevada. Here is the site:
There is also a link to a FAQ n that page and a link to join our Latino Drive for Change.
Out of State Travel – Other Battleground States
Some people are coming forward and offering that they can volunteer for 2, 3, 4, 5 weeks in other battleground states such as NM, CO, MI, MO, PA, FL, VA, etc. If you are one of these people, this is what you need to do:
1) Visit http://my.barackobama.com/p… and select the state of your choice.
2) Select the link on the right that mentions the internship. It might be called something like “Intern for Barack” or “Apply to be an Organizing Intern”. Once there fill out the form and submit it.
3) Then select the link to Find your local office and find the office nearest to where you think you could be (e.g. near your relative’s or friend’s house) and call the office to let them know personally of your availability to work for them.
For example, if you were willing to travel to CO, you would end up at the following pages:
http://my.barackobama.com/page/content/cohome
Be patient and polite and realize that the person on the other side of the phone or email is probably another Barack supporter just like you.
Vote for Change and Voter Protection Campaign
Finally, please make sure that everyone you talk to knows about these two programs: Vote for Change and the Voter Protection Campaign.
Anyone in the country should be able to go to one website, http://www.VoteForChange.com, and verify his/her voter reg istration, find a polling location, learn about early voting, etc. This is a resource we should all be using as a starting point to confirm that people are properly registered to vote. Spread the word.
The Voter Protection Campaign is our program to find and recruit attorneys to help us protect the rights of voters come election day. If you know anyone who is an attorney and willing to help, please send them to the page below and have them sign up — the VPC link is on the right side of the page:
Thanks and keep up the hard work. We can win this if we don’t give up. We’re ahead in the national polls but that doesn’t mean anything if we don’t win the battleground states.
Yes we can! Si Se Puede!
Charles “Chip” Roberson – Sonoma, CA.
Regional Field Organizer for CA CD1 and CD6 — Delegate for Senator Obama
http://www.ObamaCaFirst.org http://www.ObamaCaSixth.org
Nationwide Voter Information: h ttp://www.VoteForChange.com
Charles “Chip” Roberson – Sonoma, CA.
Regional Field Organizer for CA CD1 and CD6 — Delegate for Senator Obama
http://www.ObamaCaFirst.org http://www.ObamaCaSixth.org
Nationwide Voter Informat ion: http://www.VoteForChange.com
As the economy burns, we might as well find happiness where we can afford to find it. And what can make you happier than the biggest rage (a couple of years ago anyway) of net-Karaoke – my favorite Numa performances. Of course some of you geeks out there have probably seen all of these time and again, so have patience with those of us who live behind the times. I feel quaint enough as it is.
Here’s Gary’s original, at nearly 20 million views. What wonders will a couple of beers in your dorm room have wrought?
Brookers’ rendition is my personal favorite, just because, Fraggle Rock hair-do and all, if I was 19 when I first watched it, I’d have fallen in love within the first 30 seconds of the video. Especially attractive is her lack of self-consciousness in displaying her laundry behind her, for millions to see.
These guys put some heart into it. I think they get hit points for their looks, and all the speculation as to whether they’re a couple, but credit is due for talent – such as it is.
My second favorite though is this one performed by Reverend Ivan and Princess Wei of the Church of the Subgenius, with the lyrics altered to meet their religious needs. Definitely filled with slack!
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