McCain on US economic crisis and Iraq, cartoon


McCain,US economic crisis and Iraq war, cartoon

This is a new cartoon from Internet Weekly in the USA.

It is about Republican presidential candidate John McCain, who predicts 100 years of United States war in Iraq.

Internet Weekly comments:

GOPers Like McCain Bailed Out Bear Stearns, But Will Let Joe Lunchbox Eat Cake.

See also on the US economic crisis here. And here.

“Let them eat cake” was claimed to have been said about poor people who didn’t have bread, by French Queen Marie Antoinette, not long before the French revolution.

Also on McCain: here.

McCain and Iraq war: here.

McCain under fire over environment record: here.

Sometimes Honor Is Wrong — The Problem With John McCain, by an ex-McCain supporter: here.

13 thoughts on “McCain on US economic crisis and Iraq, cartoon

  1. Save homeowners instead, protesters urge from Bear’s lobby

    Reuters

    March 27, 2008

    About 60 protesters opposed to the U.S. Federal Reserve’s help in bailing out Bear Stearns entered the lobby of the investment bank’s Manhattan headquarters yesterday, demanding assistance for struggling homeowners.

    Demonstrators organized by the Neighborhood Assistance Corporation of America chanted “Help Main Street, not Wall Street” and entered the lobby without an invitation for around half an hour before being escorted out by police.

    “There are no provisions for homeowners in this deal. There are people out there struggling who need help,” said Detria Austin, an organizer at NACA, an advocacy group for home ownership.

    Bear Stearns employees were alternatively amused and perplexed, taking pictures on their cellphones.

    The Globe and Mail

    “Homeowners, that’s more than $1-trillion (in mortgage debt), you’re crazy,” one man in a suit screamed at a protester on the street.

    On March 16, JPMorgan Chase & Co said it would acquire its rival the Bear Stearns Co Inc. for $2 (U.S.) per share, in a deal brokered by the Federal Reserve aimed at heading off a bankruptcy and a spreading crisis of confidence in the global financial system.

    On Monday, JPMorgan raised its offer to about $10 a share to appease angry stockholders who vowed to fight the original deal.

    As part of the deal, the Fed agreed to guarantee up to $29-billion of Bear Stearns assets.

    The agreement has raised concerns that the U.S. government is prepared to help rescue a failing Wall Street bank while declining to bail out millions of home owners facing the possibility of foreclosure.

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  2. A CALL TO THE ANTIWAR MOVEMENT:

    Protest the Mortgage Bankers Association Annual Conference
    Foreclose the War, Not Peoples’ Homes!
    Moratorium Now!

    Attention antiwar activists–dust off your protest signs and bring them to a national demonstration against home foreclosures and evictions in Washington DC, on Wednesday, April 16.

    Join the Ad Hoc National Network Against Home Foreclosures and Evictions in front of the Mortgage Bankers Association Annual Conference, the biggest assembly of mortgage bankers in the country, to demand a moratorium on home foreclosures and evictions. Almost everyone hates the war in Iraq, but until now many have seemed resigned to leaving it up to politicians to end it. That¢s because most people have felt that the war didn¢t affect them personally. That mindset is coming to an end.

    Mass anger over home foreclosures, rising unemployment, rising gas and food prices etc. is starting to transform passive opposition to the war into urgent and active mass anger at the war. More people are viewing the war¢s cost as one of the main reasons for economic hard times. People tend to pay a lot more attention to the money wasted on the war plus the fact that banks are being bailed out by the government when their losing their homes and jobs.

    Finally, there is the potential for forging the movement that can force an end to the war. We can give meaning to the 5th anniversary of this criminal war by making it the moment that antiwar activists, at the grass roots level, employ the strategy that the war makers have always feared–merging the fight against the war abroad with the struggle of working and poor people right here. Come to D.C. on April 16, and start giving the war- makers the nightmare that they hoped they could avoid. Foreclose the war, not peoples¢ homes!

    View endorsers from around the country (list in formation) at: http://www.stopforeclosuresandevictions.org/index.html#citiesandendorsers

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