Dear 5849376, Last night, with President Obama and JPMorgan Chase CEO Jamie Dimon reportedly making personal calls to members of Congress, 57 House Democrats joined Republicans to pass a spending bill that's chock full of handouts to big banks and mega wealthy political donors. Now the ball is in the Senate's court, where Democrats still hold the majority until next year. We need to act now to put pressure on Democrats in the Senate to show some spine and refuse to pass the bill until it's stripped of these outrageous provisions. Call your Senator, Tom Harkin: Don't cave to big banks. One provision, which was largely written by Citigroup, would roll back an important financial regulation preventing taxpayer-insured banks from investing in the same exotic derivative securities that tanked our economy. If that happens, it'll be the same story all over again: Big banks will crash the economy, their CEOs will make billions, and taxpayers like you and I will be forced to pick up the tab. Another outrageous provision in the bill increases tenfold caps on campaign contributions by millionaires and billionaires to political parties, further drowning out the voices of ordinary voters and making it easier for the rich to get what they want in Washington. Democrats now face a crucial test of how they will respond in the next two years to the coming onslaught of insane bills that the Republican majority is sure to pass. Progressives need to go all out to tell Democrats that we expect them to fight the Republicans at every turn, not throw in the towel before the fight is over. Call your Senator, Tom Harkin: Don't cave to big banks. Zack Malitz, Campaign Manager CREDO Action from Working Assets Click below for a sample script and the number to call: |