From Deseret News archives:

Utahns protest $700 billion bailout plan

Published: Saturday, Oct. 4, 2008 12:52 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Nearly two dozen Utahns protested the financial industry bailout at a Friday afternoon rally at the Federal Building downtown.

They carried signs saying, "Bush's $700B Blank Check," "Say Bye-Bye Social Security," "Congress Will Be Held Accountable," "Brother, Can You Spare 700 Billion Dimes?" and "Who Would Jesus Bail Out?"

"It's definitely going to affect workers. It's going to affect all of us," said Linda Parsons, director of Utah Jobs with Justice, a coalition that organized the event. "The propaganda that was put out was that this was going to help payrolls and pensions and keep everything going and flowing. But the bailout is just to bail out the rich, Wall Street, and it will cause another recession on Main Street, on working people. ... It's nothing but to bail out the rich."

Brett Windley, organizer and director of labor relations for Iron Workers Local 27, which has about 700 members in five states, said the bailout will not help America's poor and middle class.

"The bottom-line offering to the people who are losing their homes, losing their jobs, losing their health care, losing their education and pensions are bigger and bigger budget cuts to vital social services," Windley said.

Story continues below
Companies have failed because of their leaders' "gross neglect, their greed and quite possibly their incompetence," he said. "It's not your fault. It's not my fault. Why then is it that our tax dollars (will be used) to bail out these greedheads? ... This irresponsible legislation has to be reworked to benefit all Americans and not just a small percentage of our citizens."

He called for a reworking of the legislation passed Friday so that it would contain provisions including a moratorium on home foreclosures and evictions; a freeze on job layoffs; an extension of unemployment benefits; rollbacks on prices for gasoline, food and utilities; protections for worker pensions and a moratorium on budget cuts for social programs.

"The $700 billion giveaway includes $100 billion in tax breaks for corporations, yet there is no relief for America's working people who are facing foreclosure. There is no relief for our citizens that don't have health care, and no relief for our jobless or any breaks for education," Windley said. "This is unacceptable."


E-mail: bwallace@desnews.com

Recent comments

So, all the protesters want is no layoffs, no foreclosures,...

Saudi Norm | Oct. 4, 2008 at 9:35 p.m.

It feels like our parents in Washington(president & congress) are...

Stewart | Oct. 4, 2008 at 1:52 p.m.

McCain voted for the millionaire bailout.

Obama voted for the...

Bob Barr 2008 | Oct. 4, 2008 at 11:52 a.m.

Image

Dee Wulle of Magna protests the acceptance of the $700 billion bailout for Wall Street at the Federal Building in Salt Lake Friday.

Related content
previousnext

Latest comments

Regarding whether it was really Max's statement, or one supplied for him: Of...

Raymond is not a Mormon High School. It is a public high school with some...

Letters: Left-wing AP

'Now, care to provide a SINGLE QUOTE in which Rush, Sean, or Glenn encouraged...

2 citations issued at Y.-U. game

as a BYU fan be taking pictures of the Utah players? Shouldn't you be...

I was in the north end zone with most of the ute fans. I didn't see anything...

I feel there IS a difference between the tenor of the fans from Utah and...

2 citations issued at Y.-U. game

Yeah good luck with that. Didn't you read the comments prior to yours from...

6 sons soar as Eagle Scouts

Great Family! Great Values! We need more parents who are willing to put their...

2 citations issued at Y.-U. game

So what do you have to say to the BYU fan that hit Jamie Whittingham in the...

The cellphone/camera-hating guy sounds really unstable. Someone should taze...

Advertisements