Economy – StandUnited

April 28, 2024 Posted in Economy

Tell Congress: Get Inflation Under Control!

Inflation is absolutely devastating American workers and families. Costs for everything have gone up – energy prices like gasoline, heating prices for our homes, even food prices are skyrocketing.

Instead of doing anything about it, Democrats in Congress are raising taxes, increasing spending, and sending tens of billions of dollars in taxpayer money to other countries.

One report from July showed that the average American has lost $3,400 in income. For most of us, that’s an entire month of wages, gone.

This is unacceptable. The American people are hurting. Stop wasting money on special interest projects and start doing something to protect the American people!

Sign the petition to join the fight against out-of-control inflation!

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Dear Representative,

Americans like me are getting crushed by inflation. We are losing huge chunks of our income, thanks to increasing costs for all of life’s necessities – like gasoline, home heating, and even food.

Yet Congress is busy raising taxes even further, spending even more, and sending more of our money overseas.

Enough. Our Representatives are supposed to represent us.

Americans are hurting. My family is hurting.

Congress needs to take on inflation, not spend even more money on special interest projects.

Can I count on you to help hurting families?

March 19, 2023 Posted in Economy

Securities and Exchange Commission: Enforce Clear Rules to End Market Manipulation

When the GameStop stock controversy made headlines, a surreptitious practice came to light: market manipulation—and it’s not about trading. A cottage industry of very wealthy billionaires regularly and without any repercussions swoop in, artificially drive markets up or down, make a profit on it, and leave others holding the bag.

This practice prevents individual people from buying shares that are being offered, only allowing businesses to sell, resulting in an opportunity for big companies to manipulate the price of socks.

It is supposed to be an open market but this practice prevents it from being open to everyone. For decades we have been told how important the stock market is, and how it supports the global economy. Doesn’t it warrant some oversight to ensure that trade on Wall Street remains free and fair?

Free trade is the cornerstone of capitalism and it’s being undermined by gamification of the market.

The whole point of having a stock market is to allow people all across this great country and all around the world to invest in businesses and help create that capital accumulation so businesses have the money they need to grow and to prosper.

This capitalistic ideal is being crushed by absurdly wealthy bad actors who are using the stock market as their personal casino.

We need action now to make sure our free markets stay free markets. We are calling on the Securities and Exchange Commission (SEC) to protect our fair and free market by enforcing rules to end this shady, anti-capitalist practice. Will you join us?

Sign Now!

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SEC:

Over the last few years, we have witnessed some of the most blatant market manipulation seen on Wall Street in recent history, yet there’s been no progress toward protecting the stock market’s credibility and its users.

On the contrary, investigative efforts have only been directed at individual retailers while completely ignoring those at fault.

Clear rules must be put in place and strictly enforced in order to ensure that the stock market is available to all and fair to all. Manipulation designed to protect and reward the wealthiest while shutting everyone else out is unethical, anti-capitalist, and threatens the integrity of our free and fair market.

Not only should we impose much-needed rules to prevent this practice, but we should also be investigating companies like Robinhood Markets and Citadel LLC for blatant manipulation against individual retailers.

Please step up and help put an end to market manipulation. We need your leadership to protect our stock market.

April 22, 2020 Posted in Economy, Education

Congress: Don’t leave out millions of student loan borrowers

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Petition By: The Pew Charitable Trusts

More than 43 million Americans owe over $1.4 trillion in federal student debt. As highlighted in recent Pew focus groups, many borrowers feel deeply responsible for repaying their loans. But like the parent pictured above, they have other responsibilities to juggle as well.

Making ends meet has become harder because of the coronavirus. In March, as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress took an important step to help many borrowers by temporarily pausing payments and interest on student loans. But the legislation did not include millions of borrowers with federal student loans held by private companies under an old student loan program called the Family Federal Education Loan Program.

Let Congress know that ALL borrowers should be able to pause payments and interest if they need to. Otherwise, there will be student loan winners and losers.

To Congress:
Thank you for supporting millions of student loan borrowers in the Coronavirus Aid, Relief, and Economic Security (CARES) Act by suspending monthly payments and interest accumulation for federally held student loans. I recently learned that millions of federal student loan borrowers were left out of this temporary fix because they have commercially-held loans from the Federal Family Education Loan (FFEL) Program.
Federal student loan borrowers should not suffer if their federal student loans are held by private entities. All students who have federal student loans should have access to the same assistance during this pandemic, regardless of who holds their federal loan, which type of loan they have, or when they borrowed the money.
As Congress considers further legislation to deal with the ongoing coronavirus pandemic, please ensure that a legislative fix is included to extend coronavirus related student loan assistance to all federal student loan borrowers.
Sincerely,
[Your Name]