September 25, 2008

When Wall Street Goes Broke

Posted by Jamilah King at 10:00AM

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Last night, President Bush took to a primetime national television address to convince the American public that a $700 billion dollar bailout for Wall Street was absolutely, positively necessary. He also made sure to let everyone know that he's still against government intervention and loves unregulated free markets. Except when unregulated free markets fail. Like, now.

In case you missed it:

See more here.

Feel better?

No?

You're not alone. In cities across the country, people will take to the streets to say no to welfare bailouts for Wall Street.

To see an event near you, click here.

Regardless of whether you're for or against the massive bailout plan, it's important to ask about the particulars: how it works, who's responsible, and what happens if it fails. And, as Roberto Lovato remarks, what happens to the rest of the world, namely Main Street, Cesar Chavez Blvd. and Martin Luther King, Jr. Ave., if the causes of this economic nightmare aren't addressed.