The Massachusetts Senate Race: A Populist Protest Vote Against Wall Street Puppets

Any Democrat now wishing to survive must immediately carry out a sharp anti-Wall Street, economic populist turn. A few ideas in that regard, to be supplemented by the detailed economic recovery program displayed on my website: make Wall Street pay for the depression by enacting a 1% Tobin tax on all Wall Street financial transactions and turnover, including stocks, bonds, and above all financial derivatives.

Claw back any remaining money of the bailout or TARP. Reimpose the Glass-Steagall law to separate commercial banking, insurance, and stock brokerage. Outlaw credit default swaps and adjustable rate mortgages. Enact a 10% federal usury law to limit interest rates on credit cards and payday loans. Stop all home foreclosures for five years or for the duration of the present economic emergency, whichever lasts longer.

Seize the Federal Reserve and make it a bureau of the Treasury, passing to issue 0% federal credit for industry and agriculture, not speculation and financial services; stop federal borrowing and start federal lending. Launch a massive program of infrastructure in the spirit of the Tennessee Valley Authority, featuring 100 nuclear reactors of the most modern type, 1,000 modern hospitals, and 50,000 miles of maglev and high-speed rail, while rebuilding the entire interstate highway system in the water systems of every American city.

This is the kind of program which can create 30 million new jobs over just a few years, creating full employment in this country for the first time since 1945. The only interests that need to be sacrificed in order to get out of the depression in this way are Wall Street interests, and it is time for politicians desirous of survival to begin taking the struggle to Wall Street. Otherwise, we appear to be heading for for a seizure of power by a bonapartist regime of General Petraeus and Mitt Romney, the notorious Wall Street asset stripper and hedge fund hyena who was much in evidence at the Scott Brown rally tonight.'

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Massachusetts Senate Passes Draconian Flu Pandemic Bill

S2028 will be used as a template for legislation in other states. The bill imposes a virtual police state and martial law on Massachusetts at the behest of the governor in the event of a flu pandemic this autumn. It gives the state health commissioner, law enforcement, and medical personnel wide authority to mobilize forces, vaccinate the population, enter private property with no warrants, and even quarantine people against their will in violation of the Constitution. The bill allows the state to enter property without a search warrant and destroy the property without a court order. It would force in-state health care providers to assist in the performance of vaccination.

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Swine Flu Martial Law Bill Passes Massachusetts Senate

It took corporate media swine flu hysteria to ram through a martial law bill in Massachusetts. S18 gives the Governor the power to authorize the deployment and use of force to distribute supplies and materials and local authorities will be allowed to enter private residences for investigation and to quarantine individuals.

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