But as I was driving to work tonight, I started thinkin' of how it's too bad the bull market's so old. And about Jesse, who seems to have been getting some speaking fees from Wall St. gatherings (Bob Dylan too, makes me sick), and ya know-if I wanted to get my hand on all those Social Security privatization brokerage commissions, and I wanted to stifle some of the voices that should naturally be raised against my coming feast, I believe one of the things I'd do is get Jesse Jackson or someone to put out the word that, yeh, market can make you rich. You can invest some of your Social Security money and get some of that same gravy the rich slurp.
Why NOW? Jackson should have long known that these are the very people who needed this the most. This stuff is very intimidating, especially if you never read the business pages, and don't have enough money to get marketed too. No high school deals with it. Jackson comes up with this idea NOW, why now? Could it be----Social Security privatization?
Maybe a little bird's been chirping these ideas in Jesse's ear, ey?
At 02:15 PM 2/9/99 -0500, you wrote:
>Dear Enrique,
>
>This may not be as bad as it sounds on the surface, and, it presents the
>opportunity to give working people a basic economic education. It all
>depends on who teaches the courses and what guidelines are set!
>
>Your email pal,
>
>Tom L.
>
>
>
>
>
>Enrique Diaz-Alvarez wrote:
>
>> The Rev. Jesse Jackson says religious leaders must help teach
>> the poor about stocks, bonds and mutual funds so they can catch
>> a ride on Wall Street and not take a chance on the lottery or a
>> roll of the dice.
>>
>> "We expect to see ministers in the ministry and the marketplace," the
>> civil rights leader said this week.
>>
>> Jackson, president of the Chicago-based Rainbow/PUSH Coalition,
>> detailed his initiative during a news conference at the United
>> Theological Seminary.
>>
>> Jackson said he would like to see 1,000 churches organize investment
>> clubs, tapping into the knowledge of bankers and others in their
>> congregations to educate people in debt about the "capital
>> finance culture" and the language of the market.
>>
>> The poorest people spend the most on chance because they feel they do
>> not have
>> a choice," he said. "At the time of a bull market, they
>> choose a bear lottery."
>>
>> Jackson said the investment clubs would teach people "to read the
>> stock page, not just the sports page."
>>
>> --
>> Enrique Diaz-Alvarez Office # (607) 255 5034
>> Electrical Engineering Home # (607) 272 4808
>> 112 Phillips Hall Fax # (607) 255 4565
>> Cornell University mailto:enrique at ee.cornell.edu
>> Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique
>
>