Groups Send ‘Robin Hood’ To DC To Promote New Wall St. Tax

A variety of activist, labor and other groups, banded together under the Robin Hood Tax Campaign umbrella, sent “Robin Hood” to Washington Thursday to promote passage of a new sales tax on financial transactions which is in place in more than 40 other countries. The stunt comes as Americans want Republicans to give up more ground than Democrats in the debate over the coming so-called fiscal cliff. Robin Hood attempted to deliver his resume this morning to the Treasury Department to apply for the position of “Secretary of Treasury, United States of America.” The position is currently held by Secretary Timothy Geithner, who is leaving the post as President Obama’s second term begins.  Blocked from submitting his resume, “Robin” spoke … Continue reading

Lawmakers To Housing Official: Help Homeowners — Or Else

A group of progressive lawmakers plan on Wednesday to call on an obscure-but-powerful federal housing official to help struggling homeowners — or resign instead. Members of the Congressional Progressive Caucus, including CPC co-chair Rep. Keith Ellison (D-Minn.), will join underwater homeowners from California, Colorado, Florida, Massachusetts and Washington State to demand that Federal Housing Finance Agency Acting Director Edward DeMarco commit to large-scale principal reduction for Fannie Mae and Freddie Mac mortgages or get out of the way for a FHFA director who will. DeMarco is hardly a household name, yet The Washington Post calls him “the most powerful man in housing policy.” Created during the Bush administration, the FHFA oversees Fannie Mae and Freddie Mac — and DeMarco himself … Continue reading

How Much Will $31.50 Buy?: Administration Officials, Lawmakers To Experience Food Stamps

What if you had just $31.50 to spend for a week’s worth of groceries? That’s the average allotment to those who receive federal assistance through Supplemental Nutritional Assistance Program (SNAP), the program formerly known as Food Stamps. Top Obama administration officials, including senior White House adviser Valerie Jarrett, several members of Congress, and others plan to find out on Thursday during a shopping trip to a Capitol Hill grocery store as part of the National Food Stamp Challenge. With Congress considering cutting the budget for SNAP, the religious community is leading an effort to focus the country’s attention on the realities of hunger and poverty. Poverty is at an all-time high in the United States, and more than 45 million … Continue reading