Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

snot

(11,543 posts)
45. This looks good. That said, I'd like more info.
Sun Feb 9, 2025, 04:00 PM
Feb 2025

The "union"'s website includes a bio of the founder and a mission I like but that is only vaguely stated. Are there any officers or employees besides the founder? Is there a Board of Directors or other advisors? How has the organization been funded so far?

I do believe that work strikes and the like are probably one of the more effective strategies left to us; but don't we need more specific goals? Are there any specific demands associated with the proposed "blackout," or are its goals even vaguer than those of the 2011 Occupy Wall Street movement?

E.g., w.r.t. Wall St. regulation, I'd propose we should push to outlaw or much more severely restrict and police:

Leveraged Buy-Outs or LBO’s
Speculative credit derivatives (CDO’s, CLO’s, et al.) (i.e., derivatives purchased not to hedge against a substantive risk intrinsic to the purchaser's business but merely as speculative bets on someone else's business. Dodd-Frank tried to help here but I'm not sure how far it got.)
Depositary and speculative investment banking in the same institution (i.e., we need to restore Glass-Steagall for real).
High frequency trading
Stock buybacks
Executive compensation in the form of options exercisable within less than ten years
Manipulation of paper markets for metals and other commodities
The power of the Fed to buy securities of unsound companies
The various devices used by the Fed to indirectly set negative real interest rates
The elimination of the broker "fiduciary" rule
Revolving door between Wall St. and its regulators
And of course the self-dealing by Congress in securities of the companies they have inside knowledge of

--among other things.

Similar programmes of specific reforms in other areas (e.g., our health care system!) need to be formulated.

I realize the site calls for union members to choose agendas, but the procedures for that along with almost everything else seem vague.

I also wonder about coordinating efforts with other organizations with similar goals, such as Represent.Us.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I'm all in! Will pass along! Bluethroughu Feb 2025 #1
Thanks for passing it along! I think this has merit and is in the spirit of the Montgomery Bus Boycott that sparked the LaMouffette Feb 2025 #4
I'm in too. Let's make it rolling as well. Perhaps once per week. Magoo48 Feb 2025 #34
Why wait, start now. Here's a tool to go along with this one. More tools the better. Hotler Feb 2025 #2
I'm already on board with this action! pazzyanne Feb 2025 #10
We can do both. But one specific day will provide focus. Trust_Reality Feb 2025 #15
I agree and I mentioned that. Hotler Feb 2025 #18
I'm all in. Vinca Feb 2025 #3
I'm in. c-rational Feb 2025 #5
I'm in BonnieJW Feb 2025 #25
I had planned 3/15 but will do 2/27-28 kimbutgar Feb 2025 #6
Both! Think. Again. Feb 2025 #12
Thank you UpInArms Feb 2025 #7
On it! Quanta Feb 2025 #8
I will be out of the country then RainCaster Feb 2025 #9
All in Wild blueberry Feb 2025 #11
I'm in! Think. Again. Feb 2025 #13
I'm in. Joinfortmill Feb 2025 #14
I'm in for the next FOUR YEARS if that's what it takes Bengus81 Feb 2025 #16
I'm in. LoisB Feb 2025 #17
Think it would put an exclamation point on the blackout YodaMom2 Feb 2025 #19
Well, certainly no Facebook and Twitter. Those should be on permanent blackout. Scrivener7 Feb 2025 #38
Got an email from Indivisible hermetic Feb 2025 #20
Freeze the economy. Oh, income taxes are due when? Let the 49.8% that voted for Trumpf file their taxes. C0RI0LANUS Feb 2025 #21
1st day of our vacation, can we move this out a couple weeks? V850i Feb 2025 #22
I've been seeing that it's February 28th. radical noodle Feb 2025 #23
OP should change title of post. It says the 28th in the text. Dark n Stormy Knight Feb 2025 #67
Well, yeah. That makes a difference radical noodle Feb 2025 #70
My apologies! And thanks for catching that mistake on my part!!! I have updated the title of the post. LaMouffette Feb 2025 #75
Oh good! Thanks. Dark n Stormy Knight Feb 2025 #88
it IS feb. 28. op is 1 day early. orleans Feb 2025 #71
I'm in, and spreading the word. Timeflyer Feb 2025 #24
I'm in! SheltieLover Feb 2025 #26
Just forwarded homegirl Feb 2025 #27
I am doing it for more than one day except for essentials, and those JohnSJ Feb 2025 #28
Me too. This is a no-buy year except food and fuel for me. Scrivener7 Feb 2025 #36
That is an essential. Keeping yourself healthy. JohnSJ Feb 2025 #37
Count Me In! BBbats Feb 2025 #29
I have seen so many different dates on this thinkingagain Feb 2025 #30
I am SO sorry! The one I posted about will be from midnight February 27 to midnight February 28. LaMouffette Feb 2025 #76
Not your fault if others have thinkingagain Feb 2025 #79
There is a lot to keep on top of these days, that is for sure, what with protesting Rump/Musk and opposing and LaMouffette Feb 2025 #84
I investigated orgs with this name Beck23 Feb 2025 #31
What does that even mean? Interrupt what services? The OP is calling for a no buy day. Scrivener7 Feb 2025 #32
There's also a Republican Party in Russia.... KY_EnviroGuy Feb 2025 #63
This should be our regular all-the-time thing: "If you must spend, ONLY support small, local businesses." FakeNoose Feb 2025 #33
So give the *local* MAGA's money then? durablend Feb 2025 #61
Sounds like my daily life. Easy peasy. nt allegorical oracle Feb 2025 #35
Economically, this accomplishes nothing. eggplant Feb 2025 #39
No big deal overall economically. It is a message about solidarity and potential future action. Trust_Reality Feb 2025 #69
I heard it was February 28th. I'll do both! SunSeeker Feb 2025 #40
Should be at least a week. RhapsodyFav Feb 2025 #41
I'm surprised they're not on Blue Sky. Not allowed because they have a website? Bengus81 Feb 2025 #42
I think he's just getting started w/this -- TBF Feb 2025 #47
Yeah...so that's him with his blue sky user name but only 210 followers Bengus81 Feb 2025 #48
I don't think so - I put the website link up on my page w/no difficulty & pinned it TBF Feb 2025 #51
On my calendar!! wordstroken Feb 2025 #43
I am traveling to Hawaii that day for close to 2 weeks. ProudMNDemocrat Feb 2025 #44
Well you lucky dog! Kalama beach park in Kailua. You won't be disappointed........ Bengus81 Feb 2025 #50
This looks good. That said, I'd like more info. snot Feb 2025 #45
Thanks for raising these issues. I literally found out about this organization and the Economic Blackout Day yesterday. LaMouffette Feb 2025 #77
Thanks, LaMouffette... snot Feb 2025 #91
I truly believe this will help birdographer Feb 2025 #46
My entry.......your's is so much better... a kennedy Feb 2025 #49
We're in. pandr32 Feb 2025 #52
I am in. nt doc03 Feb 2025 #53
I'm already in. Ritabert Feb 2025 #54
How about we all withdraw $1000 from our banks that day? dickthegrouch Feb 2025 #55
Not even a single rec for this??? dickthegrouch Feb 2025 #90
So, your title seems misleading. The 28th Dark n Stormy Knight Feb 2025 #56
i'm just gonna say yes. even tho i didn't write it. nt orleans Feb 2025 #72
I'll participate, but targeting one company at a time for a month would be far more effective. LT Barclay Feb 2025 #57
I will do this! Gladly! liberalla Feb 2025 #58
At first I thought you said "an electronic blackout." Jit423 Feb 2025 #59
I'll join in. SammyWinstonJack Feb 2025 #60
Oh, yes! momta Feb 2025 #62
Not only am I in... raising2moredems Feb 2025 #64
This might help initiate thrifty habits. Trust_Reality Feb 2025 #74
Thank you. barbtries Feb 2025 #65
we have little to lose bagimin Feb 2025 #66
I cut back right after the orange fat fraud liar was sworn in wolfie001 Feb 2025 #68
A few suggestions Trust_Reality Feb 2025 #73
Not really an issue with me DFW Feb 2025 #78
2/28 Blackout Pamyla Feb 2025 #80
Welcome to DU LetMyPeopleVote Feb 2025 #86
That was my New Years Resolution Mr.Bee Feb 2025 #81
The power of united consumers is not to be denied! GreenWave Feb 2025 #82
Great! Would you consider cross posting this to... littlemissmartypants Feb 2025 #83
I'm down! Dem4life1234 Feb 2025 #85
Please consider participating LetMyPeopleVote Feb 2025 #87
Sadly, I'll be on a business trip Happy Hoosier Feb 2025 #89
Economic Blackout SLT Feb 2025 #92
Welcome to DU LetMyPeopleVote Feb 2025 #93
My family will be participating LetMyPeopleVote Feb 2025 #94
Latest Discussions»General Discussion»I just found The People's...»Reply #45