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It is time for the White House and Congress to admit that Obama/Bush approach of showering money on Wall Street has failed. Decades of hard-won experience – plus basic economic theory – show that government spending is essential in a recession to stimulate demand and put people back to work. Both major parties, as well as Obama, instead have used the recession caused by Wall Street abuse, costly wars, and bogus trickle-down economics as an excuse to slash funding for vital programs. As a result, seniors, working families and the poor are footing the bill for tax giveaways to the wealthy and large corporations. This is not only wrong it’s also guaranteed to destroy jobs and weaken the economy.
via Jobs for All with a Green New Deal «.
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Filed under: economy, grassroots democracy, green, Green Party, News, politics, US Politics Tagged: | Green New Deal, wall street
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