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SF Labor Council Demands No Bailout Of Bad Debts of the Financial Industry"NO BLANK CHECK
The SF Labor Council has demanded that there be no bailout of bad debts by the market speculators. The question is why they continue to support the chief proponent of the bailout Congresswoman Nancy Pelosi who supports the bailout and was personally responsible for supporting the Glass-Steagall Act which deregulated the stocks and bank industry. She has taken millions from these same corporate crooks and raiders and her husband is one of these stock manipulators.
The following resolution was adopted by the San Francisco Labor Council at its delegates' meeting on Monday, September 22, 2008.]
RESOLUTION TO US CONGRESS DEMANDING THEIR OPPOSITION
TO THE BAILOUT OF THE BAD DEBTS OF THE FINANCIAL INDUSTRY
"NO BLANK CHECK FOR WALL STREET"
Whereas, the Bush Administration has proposed that the federal government provide $700 billion to bail out the financial entities which are facing huge losses dues to their market manipulation and speculation; and
Whereas, this proposed bailout will fall on the shoulders of the working class, some $2,000.00 for every man, woman and child in America -- on top of the $3 trillion debt imposed on us by the two unending wars; and
Whereas thus the proposed bailout will result in the same market manipulators profiting from the taxpayer-financed bailout while millions of everyday Americans continue to face bankruptcy and foreclosure -- loss of jobs, income and habitat; and
Whereas, the people don't run Wall Street, but indeed Wall Street runs much of the world, and has created this crisis; and
Whereas, the leaders of this economy oppose even minimal government assistance for the people, but demand it by the billions for themselves when they run into trouble caused by their own greed;
Therefore Be It Resolved that the San Francisco Labor Council -- representing the members of the 150 local and regional unions, and thus representing 150,000 union members and their households---stands opposed to any taxpayer-financed bailout of the shareholders and executives of the financial giants who have created this crisis and of the speculators who have put all of us at risk; and
Further Be It Resolved that we demand of our Congressional representatives that there be a strict prohibition on profiting from this crisis at taxpayer expense, and
Further Be It Resolved, that the government provide long-term relief for unemployed and underemployed workers, provide government-controlled public investment in rebuilding America's infrastructure and disaster areas to put people to work and restore our communities, impose a moratorium on home foreclosures for homeowners, and require of Wall Street firms that they suffer the losses they are so eager for the taxpayers to assume, and impose strict regulations on Wall Street businesses that finance our economy.
Finally Be It Resolved, that this resolution be communicated in its substance and content to the Congressional representatives from San Francisco and
Be it finally resolved that this resolution be copied to regional CLC's, and the California Labor Federation, and to the national AFL-CIO.
Fraternally submitted,
Denis Mosgofian, GCC-IBT 4N
Tom Edminster, UESF, for identification only
RESOLUTION TO US CONGRESS DEMANDING THEIR OPPOSITION
TO THE BAILOUT OF THE BAD DEBTS OF THE FINANCIAL INDUSTRY
"NO BLANK CHECK FOR WALL STREET"
Whereas, the Bush Administration has proposed that the federal government provide $700 billion to bail out the financial entities which are facing huge losses dues to their market manipulation and speculation; and
Whereas, this proposed bailout will fall on the shoulders of the working class, some $2,000.00 for every man, woman and child in America -- on top of the $3 trillion debt imposed on us by the two unending wars; and
Whereas thus the proposed bailout will result in the same market manipulators profiting from the taxpayer-financed bailout while millions of everyday Americans continue to face bankruptcy and foreclosure -- loss of jobs, income and habitat; and
Whereas, the people don't run Wall Street, but indeed Wall Street runs much of the world, and has created this crisis; and
Whereas, the leaders of this economy oppose even minimal government assistance for the people, but demand it by the billions for themselves when they run into trouble caused by their own greed;
Therefore Be It Resolved that the San Francisco Labor Council -- representing the members of the 150 local and regional unions, and thus representing 150,000 union members and their households---stands opposed to any taxpayer-financed bailout of the shareholders and executives of the financial giants who have created this crisis and of the speculators who have put all of us at risk; and
Further Be It Resolved that we demand of our Congressional representatives that there be a strict prohibition on profiting from this crisis at taxpayer expense, and
Further Be It Resolved, that the government provide long-term relief for unemployed and underemployed workers, provide government-controlled public investment in rebuilding America's infrastructure and disaster areas to put people to work and restore our communities, impose a moratorium on home foreclosures for homeowners, and require of Wall Street firms that they suffer the losses they are so eager for the taxpayers to assume, and impose strict regulations on Wall Street businesses that finance our economy.
Finally Be It Resolved, that this resolution be communicated in its substance and content to the Congressional representatives from San Francisco and
Be it finally resolved that this resolution be copied to regional CLC's, and the California Labor Federation, and to the national AFL-CIO.
Fraternally submitted,
Denis Mosgofian, GCC-IBT 4N
Tom Edminster, UESF, for identification only
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AUTHOR
DATE
Nancy Pelosi-Multi-millionaire Speculator and Labor Endorsed Demo
Fri, Sep 26, 2008 5:48PM
NYC Labor Council Calls Protest Against Blank Check
Thu, Sep 25, 2008 4:59PM
The Biggest Piece Of Garbage Ever-
Thu, Sep 25, 2008 3:32PM
Another toothless resolution from labor
Thu, Sep 25, 2008 3:02PM
Your Urgent Help Needed
Thu, Sep 25, 2008 2:04PM
Where Is Our Bailout: Rally9/25 4PM At SF Federal Reserve To Stop Bailout Of Pelosi & pals
Thu, Sep 25, 2008 11:52AM
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