The ‘We the People Amendment’ Aims to Fix the Crisis of Corporate Rule

Because corporations are not people and big problems require bold solutions
Jaypal“The ‘We the People Amendment,’ introduced last month by Rep. Pramila Jayapal (D-Wa.), write the authors “is authentically grassroots and populist. It is honest, transparent, visionary and anti-establishment. It’s time we tear down our mental walls and act to expand the democratic space that makes possible this and so many other needed constitutional, political, economic and social structural changes.” (Image: Move to Amend)

https://www.commondreams.org/views/2019/03/08/we-people-amendment-aims-fix-crisis-corporate-rule

 

NEO AFSC January 29, 2016 Podcast

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We summarize last week’s activities; share upcoming events for next week; and provide an update on the attack on Ohio’s unemployment compensation system (and the need to take action), the signing of the Trans-Pacific Partnership (and the need to take action), why John Kasich should join the growing movement to end corporate personhood and money as speech, and what looks like the start of the next decline of the economy…and what you can do. (Length 31:27)

NEO AFSC December 4, 2015 Podcast

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We summarize last week’s activities; share upcoming events for next week; and comment on a proposed Ohio legislative bill that would cut unemployment insurance benefits, indicators of the next economic crisis, the richest 20 Americans owning more than the bottom 50%, Mark Zuckerberg’s “charity” that will be used for political influence, and several examples of corporate and anti-corporate/democratic actions at the Paris climate talks.

Response to PD OpEd, “Let’s debate getting our fiscal house in order”

Greenback.

Let’s debate getting our fiscal house in order: Sandy Cutler and Maya MacGuineas (Opinion)
http://www.cleveland.com/opinion/index.ssf/2015/08/lets_debate_getting_our_fiscal.html

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This was my posting at the end of yesterday’s opinion piece on cleveland.com…

Why is it they everyone who talks about the debt only considers spending and/or tax policies as possible alternatives?  There is an entire third arena that is constantly ignored: monetary policy. Namely, the power and authority of government to create its own debt-free and inflation-free money. This is, incidentally, what the father of the Republican Party, Abraham Lincoln, did in the 1860’s when “Greenbacks” were printed and circulated. Rather than be fleeced by bankers and their incredible interest rates, Lincoln simply encouraged what the US Constitution (Art 1, Sec 8) empowers and authorizes Congress to do: “to coin Money.” That means to print. Not banks (which create the vast quantity of our nation’s money as debt). Not the bankers bank — the Federal Reserve. But, rather, our government.

US money created for productive purposes (vs speculating — which banks are masters at doing — leading to perpetual booms and busts) is not inflationary. Many top global economists have documented this.

We need Sovereign money. Democratic money. That is exactly the plan of the National Emergency Employment Defense (NEED) Act, which was introduced in the last Congress. A political independent publicly accountable body would determine the quantity of money needing to be created and Congress, like now, would decide how to spend it. The plan is at https://www.congress.gov/bill/112th-congress/house-bill/2990

The NEED Act would make the largely private and misnamed Federal Reserve system accountable to the public, not their investors (all banking corporations); end the ability of banks to create money out of thin air and leverage their loans (called “fractional reserve lending”); and create several trillion dollars hiring millions of people to repair our nation’s infrastructure. Federal bonds, bills and notes would be redeemed when they came due with US money — thereby overtime ending the anti-democratic addiction of debt and dependency to creditors. It also could reduce overtime taxes.

Republican candidates for President in Cleveland should be asked whether they support creation of a new “Greenback” program similar to their party’s founder, Abe Lincoln, as a means to reduce the national debt, increase jobs, repair our nation’s infrastructure (mandatory for any economic expansion), reduce the economic and political power of banks (the #1 sector contributor/investor in federal elections) AND to expand democracy?

I would love to hear their responses.

NEO AFSC May 1, 2015 Podcast

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We summarize last week’s activities; announce upcoming events for next week; and comment on over 2000 groups who now oppose and are working against Fast Track and the Trans Pacific Partnership, a judge who ruled that Vermont law protecting human  rights over corporate rights is legitimate, more evidence of how money pollutes politics and elections, the just introduced We the People bill in Congress that would end corporate personhood and money as speech, and a Baltimore corporate executive who accurately reflects on the economic and political roots of the tragedies there…and what may come if we don’t readdress fundamental injustices now.

NEO AFSC April 24, 2015 Podcast

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Listen to podcast here

We summarize last week’s activities; announce upcoming events for next week; and comment on Hillary Clinton’s support of a constitutional amendment to overturn Citizens United, how to fund needed infrastructure repairs, IMF warnings of global financial instability, and the latest votes for and opposition to Fast Track and the Trans Pacific Partnership (TPP).