As Wall Street Posts Record Profits and US Hunger Rate Grows, “Where Is the Community Organizer?"

[KoKo]

The video is a good watch...Robert Sheer has a long history of "asking questions" from people in power and there's a transcript there...for folks who don't do the Video's because of Dial Up restrictions.

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As Wall Street Posts Record Profits and US Hunger Rate Grows, Robert Scheer Asks: “Where Is the Community Organizer We Elected?”

A pair of new government reports released this week paint a startling picture more than a year after the economic meltdown. On Tuesday, the New York Comptroller Office said Wall Street profits are set to exceed the record set three years ago. The four largest firms took in $22.5 billion in profits through September. Meanwhile, far more people are going hungry in the United States than previously thought. The Department of Agriculture estimates 50 million Americans, including a quarter of all children, struggled to get enough to eat last year. We speak to veteran journalist Robert Scheer.

http://www.democracynow.org/2009/11/19/as_wall_street_posts_record_profits

[Tansy_Gold]

1. 50 million recs on the week-end before Thanksgiving.

Thanks.. . . .for what.





TG

[KoKo]

2. Didn't understand your post, Tansy....

Who got 50MIL Rec's?

[msongs]

3. playing golf with the guys from Goldman Sachs? nt

[ProSense]

4. Before using hunger as a cheap political football, please read

The U.S. Department of Agriculture reported that 1 in 4 children suffered hunger in the U.S. last year. The hunger body count is staggering: 17 million children in 2008 or an increase of 4.3 million more children than in 2007. While some link current hunger rates to our recessionary widespread unemployment, child hunger was a "problem before the recession." If sustainable solutions are not implemented, then children will continue to suffer hunger after the economy recovers. Indeed, research shows that most families suffering from hunger have "at least one adult with a full-time job," suggesting root causes include wages, not just unemployment.

link

[rollingrock]

5. No one accuses Obama

of causing the hunger problem. the question is, what is he doing to address this very serious and growing problem? if anything? his trickle-down, conservative economic policies seems to be making it worse.

[ProSense]

6. "the question is, what is he doing to address " He pledged to end child hunger by 2015

details


"his trickle-down, conservative economic policies..."

Nothing trickle down here:

BIGGEST. TAX CUT. EVER...:

Chris Hayes had a similar observation.

On the politics side of the ledger, Ben Smith notes Obama's emphasis on the tax cuts in the bill. I'm not necessarily a fan, though politically it's true that every single Republican member of congress can now be accused of "Voting against the biggest tax cut in history" come next election." Clearly, this hasn't escaped the White House's notice.

The ARRA:

The American Recovery and Reinvestment Act of 2009, abbreviated ARRA (Pub.L. 111-5), is an economic stimulus package enacted by the 111th United States Congress in February 2009. The Act of Congress was based largely on proposals made by President Barack Obama and was intended to provide a stimulus to the U.S. economy in the wake of the economic downturn. The measures are nominally worth $787 billion. The Act includes federal tax cuts, expansion of unemployment benefits and other social welfare provisions, and domestic spending in education, health care, and infrastructure, including the energy sector. The Act also includes numerous non-economic recovery related items that were either part of longer-term plans (e.g. a study of the effectiveness of medical treatments) or desired by Congress (e.g. a limitation on executive compensation in federally aided banks added by Senator Dodd and Rep. Frank). The government action is much larger than the Economic Stimulus Act of 2008, which consisted primarily of tax rebate checks.

Add to that the home buyers credit, cash for clunkers and student financial aid.

[rollingrock]

7. Thanks for the info

it seems to be a good start. let's hope it will be enough.

[Skittles]

8. he is in office now