krebscycle

Anybody who saw how Dick Fuld, the CEO of Lehman Brothers could walk away with more than ½ billion dollars for bankrupting his company and losing tens of billions of dollars of other people’s money entrusted to his care knows that The Wall Street Economy is about one thing: insiders always win. The first step to breaking the Wall Street Economy is a bill that is sitting in Congress right now while Congress is trying its best to ignore it. The American Jobs Act:

• Adds tax breaks for working people
• Closes big corporate tax loopholes
• Hires people to fix roads and bridges and subways and abandoned buildings
• Creates an investment bank that is accountable to the public and given the job of investing in building infrastructure.
• Removes some bureaucratic barriers that keep small business from competing against big business.

There are many complicated, hard to fix, big things that are wrong with our economy, but the American Jobs Act starts us on the way to a nation where it’s just not acceptable that Hedge Fund managers get special tax breaks while ordinary working people have to endure subway stops with sewage dripping through the roof or where pensions are slashed and transit fares are raised so that oil companies get subsidized by the government. 

The Jobs Act is written, stapled, and in front of Congress. Excuses won’t find people jobs or help fix our bridges and train lines. The Jobs Act will. The Jobs Act is a first step – we need to either make Congress take that step or get a new Congress.