JPMorgan Chase’s $2 billion bad bet has made it crystal clear: The Wall Street banksters are still recklessly gambling with the global economy. And the "too big to fail" banks are still too big.
Sen. Sherrod Brown and Rep. Keith Ellison are leading the fight to break up the banks. Use the form below to your representatives in Congress to support their bill: the SAFE Banking Act.
Conservatives have not stopped trying to thwart the President's push to prevent student loan rates from doubling. But on Tuesday, the Senate is expected to vote on the "Stop Student Loan Interest Rate Hike Act" that will stop the scheduled rate hike in July. Your Senators need to hear from you, immediately.
Use the form below to make your voice heard and stand up for our students!
We have a lot of work to do in America: jobs to create, infrastructure to build, clean energy to generate, homeowners to save, teachers to hire and student debt to retire.
And we can’t pay for it so long as we keep the Bush-era policy of absurdly low taxes for the 1%. As Warren Buffett, one of America’s richest men, points out, it is simply ridiculous that the multi-millionaires are paying lower tax rates than their secretaries.
On Monday, the Senate will take a vote on common sense. They will vote on the Buffett Rule — establishing a minimum tax rate of 30% on any income over $2 million.
Right-wing zealots want the Senate to filibuster it. The lobbyists of the 1% are packing the halls of Congress. We need to be heard, now.
We need to speak out to make sure AARP, the powerful lobbying group that claims to represent 40 million older Americans, doesn't sell us out by supporting cuts to Social Security.
According to a recent story in The Huffington Post, AARP's CEO is convening a small group of Washington insiders to discuss the future of Social Security. This closed meeting will be heavily stacked with "powerful Washington establishment figures who are on record favoring cuts to Social Security and Medicare."
Tell AARP: Listen to your members, not to the lobbyists and other special interests representing the 1 percent.
Two weeks ago we called on top housing regulator and Bush administration holdover Edward DeMarco to reduce mortgage principal for struggling homeowners. Move or be removed, we said. Thousands of you responded. But it's not just us. The head of the Mortgage Bankers Association, the Congressional Progressive Caucus and the Bloomberg News editorial board have all told DeMarco to quit stalling and take action to reduce principal. Yet he refuses to listen to reason. If he won't be the solution, it's time to stop letting him be the problem. Please use the form below to tell President Obama: Fire Federal Housing Finance Agency Acting Director Edward DeMarco and replace him with a recess appointment.
Close to three out of every 10 homeowners are underwater on their mortgages. They're trapped by debt — owing more than their home is worth, unable to sell and move to find new work, trapped in loans with interest rates often far higher than what's available today.
This vicious circle is driving many homeowners into default and foreclosure, and there's one bureaucrat standing in the way of relief: Edward DeMarco, a Bush holdover, still in office only because Senate Republicans blocked a vote on his replacement.
Use the form below to tell Edward DeMarco to help underwater homeowners — or be removed.
It has been two years since the Supreme Court decided in the infamous Citizens United case that corporations can spend unlimited amounts of money on political campaigns. Since then, our democracy has been drowning in a tsunami of corporate special interest money. Our government is under the thumb of the Koch brothers instead of the hands of the people.
We cannot ultimately right this wrong until we can organize the states to pass a constitutional amendment that declares what everyone except Mitt Romney seems to understand: corporations are not people and money is not speech.
But until then, we can take action right now to force corporations to make their campaign spending public. Sign the petition below and tell the SEC: No more secret political money. Make all publicly traded corporations disclose their campaign spending to the public.
Just as Republicans worked to obstruct Richard Cordray’s appointment to the Consumer Financial Protection Bureau—because they don’t want an agency that stands up to banks to protect consumers—they don’t want a functioning National Labor Relations Board that will stand up to corporations to protect workers’ rights. Today, President Obama has used his constitutional powers to appoint Cordray to head the CFPB and to appoint his three nominees to fill the empty spots on the NLRB.
Wednesday, President Obama stood up to Republican obstruction and they are already attacking him for it. Show your support for the President's bold stand by sending him a thank you email:
While the jobs crisis persists, Republicans are threatening to take away the few wisps of stimulus we have left: the payroll tax cut for middle class workers, and long-term unemployment benefits. Even more ludicrous, while Republicans are arguing against extending the payroll tax cut that provides at least some cushion to the strapped middle class, they are continuing to demand more tax cuts for millionaires and billionaires. Stop this insanity. Sign the petition below to tell the Republican leadership: stop sabotaging the economy.
10 years ago, on June 7, 2001, President George W. Bush enacted the Bush tax cuts, which led to the "worst track record on record" for jobs, according to the Wall Street Journal. But while Bush made our tax brackets more regressive, Rep. Jan Schakowsky's Fairness in Taxation Act makes them more progressive: It would create new tax brackets for annual income above $1 million, starting at 45% for income between $1 million and $10 million, inching up to 49% for income over $1 billion. It's plain common sense. Use the form below to tell your representative to support the Fairness In Taxation Act:
The President took a step out of Afghanistan last night. He's heading in the right direction, but plans to sustain the nation's longest war until at least 2014. That pace is too slow and too costly. Osama bin Laden is dead. Al Qaeda is not in Afghanistan. The government in Kabul is too corrupt to be helped. It's time to rebuild America.
Please sign the petition below and help send a message to the White House and Congress: It's time to draw down in Afghanistan, and build up America.