There is a way to break through this corruption. We have to force our will on Congress. You can go to http://afterdowningstreet.org to find out where to Email, phone, fax, visit, and protest.
Congress must reject Paulson's Plunder and enact a plan with the progressive principles produced by the Backbone Campaign. You can find the full set of principles on my website. Here are highlights:
A. The people who caused the problem or profited most should pay for it
2. Tobin tax on all transactions in Finance, Insurance and Real Estate including currency transactions.
5. Accountability - fire executives of failed companies as done in the UK, and abrogate their severance packages.
6. Impose a five-year, 10 percent surtax on income over $1 million a year for couples and over $500,000 for single taxpayers.
B. Re-regulate to prevent this from happening again
C. Include Main Street in the bailout and invest in a new productive economy
1. Establish a moratorium on foreclosures, renegotiating mortgages or institute a rent-to-own plan to keep people in homes.
2. Create a major economic recovery package which puts Americans to work at decent wages, in productive jobs that add value to homes and communities.
3. Invest the taxes on speculation, executive compensation, and the surtax on the wealthy in clean energy, infrastructure, education, and health care.
Refusing to include any of these worthwhile things in this scam is being called a "clean" bill. I would call it a dirty bill.
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