Across the country, more working people are losing our jobs and our homes. Each week, the ranks of those running out of our unemployment benefits grow. In every state, public schools and programs that serve poor and working people are being cut. Health care is in crisis and congress is debating another bailout for the insurance companies. Oppressed nationality – Black, Chicano, Latino, Asians and Native Americans – are hit the hardest by the economic crisis.
Some in government, the media and a few economists say the economic crisis is over and that “we have turned a corner.” This is a joke that’s not funny. More money flowing into the stock market does not change the fact that life is getting worse for the people of the United States. Bailouts for the banks let the bankers maintain the standard of living they are accustomed to – the best mansions, vacations, cars and luxuries money can buy. The rest of us get what is left, which is less than we had before.