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Yes, really. More sickening greed for you from the Kravisization of Wall Street via the AFL-CIO:
While executives at the top five Wall Street firms are getting a record $38 billion in bonuses this Christmas season, millions of working families are worrying whether they will lose their homes in the New Year-in the wake of the nation's mortgage crisis.
The AFL-CIO called today for major mortgage lenders to impose a one-year moratorium on subprime mortgage foreclosures. AFL-CIO President John Sweeney, in a letter to the largest subprime mortgage lenders and underwriters, writes:
Wall Street seems to be giving unprecedented cash rewards to the very people whose conduct threatens to strip millions of Americans of their homes and drive our country into recession, while at the same time refusing to take the actions necessary to address the crisis.
Yes, this is the America that has been created by Bush, his Republican cronies and too many corporate Democrats. You want more holiday spirit? Well, our friend Ohdave reminded me of this in the comments:
The Bush administration has thwarted Gov. Ted Strickland's plan to expand Ohio's popular children's health insurance program to cover middle-class youngsters.
"What this means is that thousands of needy Ohio children will be deprived of access to critical health-care coverage," Strickland said.
"I am appalled at the heartless decision of the Bush administration to reject Ohio's bipartisan plan to provide health-care access to thousands of our children. Sadly, this is an indication that the president and his advisers are totally out of touch with the struggles faced by so many Ohio families."
Federal regulators denied the state's request to expand eligibility to uninsured children in families earning up to 300 percent of the federal poverty level. That's $51,510 a year for a family of three.
Yes, our fantastic populist governor in Ohio, Ted Strickland, is having his plan to help needy children rejected by our fabulist, pompous "President." Merry Christmas kids! Just avoid the outdoors, Chinese toys and meat not cooked really, really well!
Now, in comparison, take a look at what the One Campaign(people who are actually "compassionate" but thankfully not conservative) is doing. Compare the fight they are leading against global poverty (watch the video) to the perverted morality of the money changers known as the GOP.
Let's hope we can get more progressives in government this new year to empower organizations like the One Campaign that much more.
PS Just to feel that much better about money not going to give kids health care or solve global poverty issues, just look at how long the State Department has known definitively that Blackwater's been committing fraud, as it kept feeding them no-bid contracts after no-bid contracts for BILLIONS that could be going to kids in need.
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