Take action now to stop your money bailing out the banks

With American government on the cusp of bailing out Wall Street with taxpayers’ money, it is time for those whose money it is to make their voices heard.

Writing in the Asian Times, Otto Spengler argued that this is ‘a subsidy to private banks, administered at the whim of the Treasury Secretary, without oversight and without the possibility of legal recourse.’

President Bush and Treasury Secretary Hank Paulson say that it is necessary but the truth is that it is not in the interests of the general population.

In her latest column, author and journalist Naomi Klein calls for people to organise resistance to the current plan before it is too late. ‘I wrote ‘The Shock Doctrine’ in the hopes that it would make us all better prepared for the next big shock. Well, that shock has certainly arrived, along with gloves-off attempts to use it to push through radical pro-corporate policies.

‘If you have read the book, you know that this is precisely the kind of moment in which we stand to lose (or gain) it all. If we are slow, the radical changes will be locked in; if the Bush Administration gets its way, the actions taken this week will not be subject to repeal or to any legal challenge. So write letters to the editor, call your elected representatives, contact the Obama campaign, and let them know: the way to solve a crisis born of deregulated capitalism is not with more gifts and giveaways for Wall Street!’

To read the rest of Naomi’s column click this link:

http://www.naomiklein.org/articles/2008/09/now-time-resist-wall-streets-