Articles by: americansystemnow
June 6, 2019—Rep. Michael J. Skindell, a long-time Democratic representative from Ohio’s Cuyahoga County, has introduced a memorial resolution into the Ohio state legislature calling on Congress to pass a new Glass-Steagall law. The substance of House Concurrent Resolution 9 reads as follows: RESOLVED, That we, the members of the […]
Alabama House Passes Bank Resolution June 4, 2019—This spring Alabama became the third state where a memorial resolution in favor of a National Infrastructure Bank has been passed. The resolution, introduced by Rep. Thomas Jackson, was voted up in the legislature in early April. The resolution also calls for reinstatement […]
May 25, 2019—The state of Pennsylvania will lose one of its five nuclear power plants in September, according to an announcement by its owner, Exelon, on May 5. Slated for the chopping block is the remaining plant at Three Mile Island—not because it represents any danger or is malfunctioning, but […]
May 20, 2019—The following resolution was passed unanimously on May 6 by the Alexandria, Virginia Democratic Committee. Similar resolutions are being debated, and passed, in Democratic committees, city councils, and state legislatures nationwide. The full text follows: Whereas, the United States faces a widely acknowledged infrastructure crisis, estimated to be […]
April 11, 2019—The state of Pennsylvania is currently the front line in a critical battle to save the nuclear power industry in the United States. In the face of the potential shutdown of plants at Three Mile Island and Beaver Creek, some legislators are fighting to save them by adding […]
April 10, 2019—The following press release was issued by Rep. Marcy Kaptur (D-Ohio) yesterday. It puts back on the Congressional agenda one of the urgent actions required to curb Wall Street speculation, and put the United States back on the path of the American System. The Bill number is HR […]
April 8, 2019—On April 2, the General Assembly of the state of Illinois passed HR0014, a resolution memorializing Congress to establish a New National Infrastructure Bank. The resolution was introduced by Rep. Mary Flowers (D-31) in late December. It passed the Financial Institutions Committee on March 19. The resolution now […]
By Alphecca Muttardy, macro-economist March 31, 2019–In his written and spoken testimony before the House Ways and Means Committee on March 6, Rep. Peter DeFazio, Chairman of the House Transportation Committee, correctly described what would happen to our economy if our nation’s critical infrastructure needs are not addressed. Citing the […]
April 5, 2019—Rep. Thomas Jackson has introduced House Joint Resolution 60 to the Alabama House of Representatives, in pursuit of “urging Congress to support efforts to reinstate the separation of commercial and investment banking functions and to return to national banking policies.” The Resolution was sent to the Alabama State […]
By Nancy Spannaus June 16, 2019—Today, this blog turns two years old. Over the past two years, we have published 333 posts, ranging from reprints of key historic documents, to in-depth analyses of FDR’s New Deal and war mobilization, to more pithy analyses of current economic developments from the standpoint […]
by Nancy Spannaus June 15, 2019–In their June 12 column in Wall Street on Parade, Pam and Russ Martens reviewed the scandal of the century—the fact that the Federal Reserve has bailed out Wall Street to the tune of $27 trillion since the crash of 2008-9. They concluded, appropriately, with […]
An Unhealthy Economy Makes Unhappy Americans
By Angela Vullo April 17, 2019–The U.S. Declaration of Independence states that Americans are committed to achieving “life, liberty, and the pursuit of happiness.” Somewhere along the line that commitment has been lost. As the horrific increase in deaths of despair dramatizes, a large segment of Americans today are, frankly, […]