bailout

The New Bottom Line organization projects that the nation's 7 largest banks will have bonuses equal to $156 billion. Meanwhile, there are currently 1.6 million homeless children in America (or 1 in 45 children). In the 2008 bailout, taxpayers dished out $116 to these banks. Instead of using their excess to bail out the 99% or allow their benefits to "trickle-down," these banksters have simply pocketed that much and more.

"It seems that when you flip the switch too late you actually promote the revolutions in your country. What would've happened if Egypt hadn't flipped the switch? If people are home blogging their discontent they're a lot more controllable, a lot less dangerous," says Doug Rushkoff, author of Program or Be Programmed, of the role of the Internet in the recent revolutions. Doug joins us via Skype to discuss corporate control over our communications, the fight for Net Neutrality, the AT&T and T-Mobile merger, the attempts to defund NPR, and more. Bradley Manning, the accused leaker of many of the documents posted on the website WikiLeaks, remains in jail under increasingly harsh conditions. This weekend, protesters, including regular GRITtv guest Col. Ann Wright and Pentagon Papers leaker Daniel Ellsberg, were arrested at Quantico Marine Corps base, rallying in support and demanding better treatment for Manning. This Saturday, protests are planned in the UK, the US, and Canada against corporate tax avoiders and government austerity cuts. The UK Uncut movement has been going strong, occupying retail outlets as diverse as Vodafone and TopShop, and its solidarity movement in the US is just getting started. Using street theater and organizing largely on the web, the direct action movements aim to make tax dodging a whole lot less profitable for big banks like Bank of America and corporations like Verizon and FedEx. Allison Kilkenny has been covering the US Uncut movement for The Nation, and she joins us along with J.A. Myerson, a "tax avoidance consultant", to discuss the new resistance to paying for corporate welfare. Finally, Republicans have declared war on Elizabeth Warren. But what will it take to get Warren some real power, enough to really put some fear into banksters and their allies in Congress? Distributed by Tubemogul.

James Mumm of National People's Action discusses the need for people to hold Wall Street responsible for their actions. Distributed by Tubemogul.

Members of Congress talking about shutting the government down until they can extend tax cuts for the wealthy are "in denial, blinded by their greed," says Constance Kaplan, "They're not concerned with us." Connie is a law librarian who's worked for JP Morgan Chase, among other companies, and is a '99er'--she's been unemployed for over 99 weeks and has thus lost all government unemployment benefits. Connie joins us in studio to discuss the government's inattention to job creation, and Edrie Irvine joins us via Skype--a legal secretary, she is also unemployed and is nearing the expiration on her own benefits. They fill us in on what it's like on the job hunt after over a year, and what unemployed workers are doing to get organized.