The Populist Revolt Begins

On April 11, all across the USA, there will be demonstrations by ordinary citizens demanding that our financial system be reined in, and nationalized, where necessary. We support this effort, and urge you to join the one in your city or organize one. It is way past time for the monsters of Wall St. to be locked up, instead of being appointed to positions in the Obama Treasury Department. For more information, visit: http://anewwayforward.org/the_idea/

Heist production crew in DC

We had the privilege of interviewing the President of the United Steelworkers, Leo Gerard, one of the most progressive labor leaders in the US, who really explains the class war unleashed by the Right Wing when Ronald Reagan took power in 1981. Pres. Gerard told us how they attacked labor unions, and sytematically dismantled key parts of the New Deal which is key to understanding why the financial sector has collapsed and why so much wealth has been stolen from the working and middle classes. Pres. Gerard told us about his union's efforts to create a blue-green alliance as part of the emerging new economy, and his support of President Obama's game plan. Stay tuned for more interviews with psychologist Drew Westen, Senator Bernie Sanders, political economist Robert Kuttner and economist Jeff Faux.

Wall Street in Control

Following the events of September 2008, it is evident that Wall St. is still in control of our government. The Obama appointments are to say the least disappointing. We do not expect this economy to revive any time soon. Best to hunker down, buy lots of beans and grains, and work like hell for progressive political change.

Many people have just lost a good deal of their retirement $$, as well as part of the value in their homes, which were over-inflated due to the housing bubble created by Wall St. Now they are wondering what can they do with their remaining money.

As in the 1920s, for the past 25 years the stock market was allowed to become a casino, made inevitable by the deregulation ideology of the free market fundamentalists, beginning with Ronald Reagan’s regime, and continuing to the present. Ask your financial planner if s/he knew this meltdown was coming, and if not, why not, because I knew in 2005, as did Robert Shiller, a Yale economist, who predicted the crashes of 2000 and 2008. His web site is www.irrationalexuberance.com