This is from the Progressive Policy Institute’s Moving Up Blog:
The House voted against the economic bailout with 226 members voting against and 207 for it, causing the Dow to drop as much as 700 points. No one knows exactly how the next few days will play out, but we will see one of three things: Congress will renew negotiations and pass a slightly altered version, they will go back to the drawing board and pass a completely different version, or they will do nothing.
What does this mean for low-income Americans? If Congress somehow passes a new package, we know one thing for certain: money will be tight at the federal, state, local and individual level and we can’t count on a big boost in spending for anti-poverty programs. That means that over the next few years poverty advocates are going to have to be opportunistic and creative in identifying strategies to assist low-income workers in the context of other policy areas.
For example, we know that the next president and Congress will have a significant debate next year over taxes. While tax policy isn’t always at the top of our minds when looking to reduce poverty, this is the perfect time to insist that any tax cut not only help those in the middle class but increase the size of the middle class by expanding the Earned Income Tax Credit.
In addition, while we also saw crude oil drop below $100 per barrel today due to economic anxiety, both presidential candidates have made energy independence a key priority. Creating a new energy economy will have a significant impact on the lives of low-income Americans. While there may not be as much money for subsidies and tax credits when Congress finally takes up this issue, the government must play a key role in facilitating the expansion of alternative energies. As they expand, so will the green collar job opportunities – such as retrofitting buildings – that will benefit many individuals who are struggling to find a high-wage job. These are just two examples. There will be more, but we will have to be very creative in what are likely to be some very lean years.
You do have a choice: Poverty or Prosperity today, tomorrow, and forever!
Wake up non-republican Americans! Here’s some “Straight Talk” on profiting, prosperity, and thriving in the next 4 years.
Join the Republican Party, support our policies, activities, and agenda, (especially our dominance in local and national government) elect Senator McCain & Governor Palin (She WILL become the 45th President of the USA) and you & your family can benefit, profit, and prosper, as we have as Republicans, the past 8 years in this country.
Deliberate manipulation of the Global Free Market Economy Financial Markets and designed global orchestration of corporate rescues and bailouts have been designed and implemented to shift more wealth to us, maximize profits & prosperity for American citizens that are active Republican Party members nationally, and our like minded allies globally, before and after our planned coming war with Iran.
This activity is purposely designed to benefit active American Republican Party members nationally and our like minded, New World Order allies globally ONLY.
It will consolidate and secure our global financial power and hegemony once and for all, within the next 4 years.
If you and your family want to benefit, profit, and prosper too, you need to join us in the Republican Party and elect Senator John McCain, the 44th President of the United States and Governor Sarah Palin, the 45th President of the United States of America. Thank you.
CHRI$T–thanx for the comment….but I do not agree…maybe in your part of the country has the last 8 yrs been good, but in my part it has been a disaster. McCain is an opportunist and has always been so….Palin is an oddity that everyone has to see and then leave as they did in Florida before McCain spoke.
Before I get the inevitable Obama bashing…I am NOT an Obama supporter…I have written about him the way I do McCain….My concern is for the American people and their future…politicians are nothing but ego freaks trying to convince the people of something that even they do not believe.