A Study Shows That America's Biggest Banks Would Need Another $500 Billion Bailout Should Our Economy Fail Again, and More

Friday, 08 June 2012 15:14  
By Thom Hartmann, The Thom Hartmann Program | News Report 

TRANSCRIPT:

Thom Hartmann here – on the news...

You need to know this. Wisconsin Governor Scott Walker's recall victory this week is reverberating around the country – and helping other controversial right-wing Governors keep their jobs. In Michigan – a petition drive to recall Governor Rick Snyder – the man behind the controversial "financial managers" law – was dropped. As a spokesman for the group Michigan Rising, which was spearheading the recall effort said, "The results of Wisconsin crystallized how difficult a task it is to recall a sitting governor, even when the unions and the Democratic Party play a significant role in the effort." Recalls are made even more difficult when the Governor has the full-support of America's oligarchs like the Koch brothers – who are willing to spend whatever it takes to keep their guy in the Governor's Mansion. Now is the time for progressives around the nation to continue building a new movement to reverse thirty years of damage done to this nation, its democracy and its economy. Progressives have done this before – building a movement to push back against the Robber Barons of the late 1800's and the Economic Royalists of the 1920's. Time to do it again today to push back against the 1%ers.