Thursday, March 11, 2010

You say you want a revolution?

Well, we just want to see your plan.  As an Institutionalist, I believe in evolutionary change, but every once in a while, it's good to read the firebrands to see what they are up to.  And while revolutions maybe occasionally necessary, there still must be folks who can pick up the pieces.  We evolutionary types argue that we should just jump to the rebuilding stage and skip the revolution.
Fifteen Reasons it's Time for a US Revolution
Bill Quigley
It is time for a revolution. Government does not work for regular people. It appears to work quite well for big corporations, banks, insurance companies, military contractors, lobbyists, and for the rich and powerful. But it does not work for people.
Look at what our current system has brought us and ask if it is time for a revolution?
Over 2.8 million people lost their homes in 2009 to foreclosure or bank repossessions - nearly 8000 each day - higher numbers than the last two years when millions of others also lost their homes.
At the same time, the government bailed out Bank of America, Citigroup, AIG, Bear Stearns, Fannie Mae, Freddie Mac, the auto industry and enacted the troubled asset (TARP) program with $1.7 trillion of our money.
Wall Street then awarded itself over $20 billion in bonuses in 2009 alone, an average bonus on top of pay of $123,000. more

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