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What was one of the first things that happened when the Bush Administration saw that the economy was in trouble? A $700 billion bailout, and who did we give the $700 billion to? To the financial institutions that caused this crisis.
This was when the Presidential campaign was still going on, and it pained me to see Obama standing there, endorsing this huge bailout to the corporations.
What Obama should have been saying was: Hey, wait a while. The banks aren't poverty stricken. The CEOs aren't poverty stricken. But there are people who are out of work. There are people who can't pay their mortgages. Let's take $700 billion and give it directly to the people who need it. Let's take $1 trillion, let's take $2 trillion.
Let's take this money and give it directly to the people who need it. Give it to the people who have to pay their mortgages. Nobody should be evicted. Nobody should be left with their belongings out on the street.
Obama wants to spend perhaps a trillion more on the banks. Like Bush, he's not giving it directly to homeowners. Unlike the Republicans, Obama also wants to spend $800 billion for his economic stimulus plan. Which is good--the idea of a stimulus is good. But if you look closely at the plan, too much of it goes through the market, through corporations.
It gives tax breaks to businesses, hoping that they'll hire people. No--if people need jobs, you don't give money to the corporations, hoping that maybe jobs will be created. You give people work immediately.
A lot of people don't know the history of the New Deal of the 1930s. The New Deal didn't go far enough, but it had some very good ideas. And the reason the New Deal came to these good ideas was because there was huge agitation in this country, and Roosevelt had to react. So what did he do? He took billions of dollars and said the government was going to hire people. You're out of work? The government has a job for you.
As a result of this, lots of very wonderful work was done all over the country. Several million young people were put into the Civilian Conservation Corps. They went around the country, building bridges and roads and playgrounds, and doing remarkable things.
The government created a federal arts program. It wasn't going to wait for the markets to decide that. The government set up a program and hired thousands of unemployed artists: playwrights, actors, musicians, painters, sculptors, writers. What was the result? The result was the production of 200,000 pieces of art. Today, around the country, there are thousands of murals painted by people in the WPA program. Plays were put on all over the country at very cheap prices, so that people who had never seen a play in their lives were able to afford to go.
And that's just a glimmer of what could be done. The government has to represent the people's needs. The government can't give the job of representing the people's needs to corporations and the banks, because they don't care about the people's needs. They only care about profit.
In the course of his campaign, Obama said something that struck me as very wise""and when people say something very wise, you have to remember it, because they may not hold to it. You may have to remind them of that wise thing they said.
Obama was talking about the war in Iraq, and he said, "It's not just that we have to get out of Iraq." He said "get out of Iraq," and we mustn't forget it. We must keep reminding him: Out of Iraq, out of Iraq, out of Iraq""not next year, not two years from now, but out of Iraq now.
But listen to the second part, too. His whole sentence was: "It's not enough to get out of Iraq; we have to get out of the mindset that led us into Iraq."
What is the mindset that got us into Iraq?
It's the mindset that says force will do the trick. Violence, war, bombers--that they will bring democracy and liberty to the people.
