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The bailouts are coming. In this pivotal moment, we want to suggest one simple rule to Congress: No corporate welfare or bailouts for corporate CEOs. Give direct support to the American people! Sign on here.
Elizabeth Warren has called for a "grassroots stimulus." Instead of bailing out big corporations and banks, workers need paid leave and suspension of rent and mortgage payments so they can care for themselves and their families without putting others at risk.
Young people and adults need student debt cancellation to free them from this burden so they can meet their basic needs -- which will also pump more money into the economy. Seniors need expansion of Social Security benefits so they don't have to choose between paying for food and medicine.
If you or a loved one is in particular need of support right now, please share your story on the petition page. We will update elected officials and the media.
With school closures, restaurants and bars shutting down, entire cities moving toward lockdown, the absence of a social safety net is clearer than ever. The harsh reality is, we’ve been here before.
Just 12 years ago, the 2008 financial crisis hit. And when it did, the federal government responded with a bankers’ bailout. The rich and powerful got richer and more powerful, while an entire generation of Americans struggled.
Jon Stewart proposed at the time:
I have a plan, let me run it by you. They’re bailing out these gigantic corporations...instead of giving billions and billions of dollars to the banks, basically rewarding their poor performance, why not get something tangible for those billions, and give it to the consumer? Take all the consumer debt, give us the money...give it to the consumers who have the debt, pay off their debt, the money goes right back into the bank anyway...it's a “trickle up” theory of economics.
There's a right way of doing this and a wrong way.
Thanks for being a bold progressive.
— The PCCC Team
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