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Michael Moore supports the public banking option

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Michael Moore just came out with a 15-point "Action Plan" in response to the number 1 question he gets after people see "Capitalism -- A Love Story":

"OK -- so NOW what can I DO?!"


Number 4 on the list is my favorite:

"Each of the 50 states must create a state-owned public bank like they have in North Dakota."

Here is the whole Action Plan:

"Michael Moore's Action Plan: 15 Things Every American Can Do Right Now" You've Seen the Movie -- Now It's Time to ACT!

Friends,

It's the #1 question I'm constantly asked after people see my movie: "OK -- so NOW what can I DO?!"

You want something to do? Well, you've come to the right place! 'Cause I got 15 things you and I can do right now to fight back and try to fix this very broken system.

Here they are:

FIVE THINGS WE DEMAND THE PRESIDENT AND CONGRESS DO IMMEDIATELY:

1. Declare a moratorium on all home evictions. Not one more family should be thrown out of their home. The banks must adjust their monthly mortgage payments to be in line with what people's homes are now truly worth -- and what they can afford. Also, it must be stated by law: If you lose your job, you cannot be tossed out of your home.

2. Congress must join the civilized world and expand Medicare For All Americans. A single, nonprofit source must run a universal health care system that covers everyone. Medical bills are now the #1 cause of bankruptcies and evictions in this country. Medicare For All will end this misery. The bill to make this happen is H.R. 3200 -- but this bill is worthless without the amendment from Rep. Anthony Weiner that will bring us closer to the real bill that should be passed: H.R. 676. You must call AND write your members of Congress and demand that they support this amendment, no compromises allowed.

3. Demand publicly-funded elections and a prohibition on elected officials leaving office and becoming lobbyists. Yes, those very members of Congress who solicit and receive millions of dollars from wealthy interests must vote to remove ALL money from our electoral and legislative process. Tell your members of Congress they must support campaign finance bill H.R.1826.

4. Each of the 50 states must create a state-owned public bank like they have in North Dakota. Then congress MUST reinstate all the strict pre-Reagan regulations on all commercial banks, investment firms, insurance companies -- and all the other industries that have been savaged by deregulation: Airlines, the food industry, pharmaceutical companies -- you name it. If a company's primary motive to exist is to make a profit, then it needs a set of stringent rules to live by -- and the first rule is "Do no harm." The second rule: The question must always be asked -- "Is this for the common good?" (Click here for some info about the state-owned Bank of North Dakota.)

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Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling WEB OF DEBT. In THE PUBLIC BANK SOLUTION, her latest book, she explores successful public banking models historically and (more...)
 

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I posted also.... by George Washington on Friday, Oct 23, 2009 at 6:22:01 PM
Ithink this list would have much broader appeal if... by Dick Thomson on Saturday, Oct 24, 2009 at 7:23:47 AM
I just forwarded this article to my state represen... by wraft on Saturday, Oct 24, 2009 at 9:19:34 AM
Be sure and read her book - Web Of Debt - essentia... by Kent Welton on Saturday, Oct 24, 2009 at 1:07:18 PM
Elizabeth Warren, Ellen H. Brown, Michael Moore, A... by Robbrian on Tuesday, Oct 27, 2009 at 9:46:17 PM
Thanks Robbrian!... by Ellen Brown on Wednesday, Oct 28, 2009 at 6:28:38 PM
Ms Brown, I like what you've written.  But wh... by Robert James on Wednesday, Aug 24, 2011 at 6:37:42 PM