On May 6, 1935, Pres. Roosevelt signed executive order 7034 creating the largest public works program in history. The Works Progress Administration created 8.5 million jobs during the Depression of the 1930s.
Bail Out The People is organizing around a principle for which Martin Luther King, Jr. organized in the last years of his life; the notion that a job is a fundamental right.
One can argue with that principle, but it's hard to argue that the recent bailout of Wall Street wasn't a corporate welfare give-away at the expense of better uses of tax-payer money. We hear about the Treasury Department TARP money, about $700 billion, but that was the tip of the iceberg; trillions were given directly and as tax-payer-backed guarantees by the Federal Reserve without any public oversight.
You can ENDORSE the May 8 Rally to Bail out the People not the Banks. You can also Check Out More Information and consider donating to the cause if you can't make it to the rally in Washington, DC.
1. Bloomberg News, U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit, Mark Pittman and Bob Ivry, November 29, 2008.