The news this week has been dominated almost completely with what is going on in the financial markets and with if and how the government is going to bail out Wall Street. It was striking how often President Bush, as he sounded the alarm, used the words “I” and “my administration” as though he had ownership for it. What was fascinating, however, was that he never took any ownership for his part in creating the mess. His administration has cut taxes for the rich, worshiped at the altar of corporate profits, and been utterly devoted to the miraculous cures that a free market would provide. President Bush and his administration have created a culture in which greed is a sacrament and the über-wealthy are the saints.
Almost every one of us can cite examples of corporations that made decisions that clearly were not good for the company in the long run, and certainly didn’t benefit the country, consumer or employee. Their leadership was designed to run up the stock price however artificially, and, when it peaked, a small group at the top jumped out using golden parachutes to float off to ravage another firm. Offshore 20,000 jobs, putting American mothers and fathers out of work, and you will be rewarded with higher stock prices and executives’ portfolios soaring in value. Just last week, Hewlett-Packard, which bought Dallas-based EDS, announced that the first thing it would do is lay off 24,600 employees. The equivalent of a small town now has to figure out how to feed their children and pay their mortgages. However, the stock price soared that day, and the CEO’s compensation package added millions.
Now they want to use our tax money to bail these folks out. The very people who allowed, even encouraged, this culture of greed and deception want to be given nearly a trillion dollars to ensure that their donors and patrons don’t lose their money. Unfortunately, it appears that, if we do not do this, the poor and middle class may be made to suffer most. So it may be the only choice we have. I pray to God that we will not give this administration another blank check like the one the spineless congress wrote to take us to war.
The figures they are throwing around are so great that it is impossible to comprehend. What might help is to go to the funeral home in Dallas. There you will find a ten-year-old boy crying his eyes out because he misses his father. His is gone because he didn’t have health insurance, and, after waiting for 19 hours at Parkland hospital, when they finally called his name he stood up, collapsed and died. Look that little boy in the eye and explain to him that we have $700 billion to rescue the greedy of Wall Street, so now we don’t have money to provide health insurance for the working poor.
H4PJ Day @ the Cathedral
Last Sunday was a great day at the Cathedral of Hope. Sister Helen Prejean, the author of Dead Man Walking, led the congregation in a struggle over the issues surrounding capital punishment. Nearly 1,000 people signed a petition calling on the Texas legislature to suspend the practice, at least until it can be done justly. This is especially important in light of the fact that Dallas County alone now has exonerated 19 people who had been wrongly imprisoned. If you have not signed the petition, it will be available this Sunday, and H4PJ will continue collecting signatures until the legislature convenes.
Also, Art for Peace & Justice unveiled the unique piece of art that we commissioned for 2008. It is a great work by Bill Looney, and Repliques® can be purchased by contacting the office. One hundred percent of the profits from the sale of this art goes to fund the work of the organization.
Speaking of funding, Peace Makes Cents, our membership drive, continues, and we are within $36,000 of having the budget under written by our partners. If you have not signed up to be a part of the work of H4PJ, please do that today. It doesn’t take a lot of money. Just $5 a week from the people getting this email would underwrite all our work. Please join today! |