OBAMA STIMULUS BILL CRITICIZED AS "THE WRONG ACTION" BY SOCIALIST, ON HOUSTON RADIO STATION

Treasury Secretary Geithner's Effort to Stabilize Banks "Doomed to Fail, Also," says Socialist, Brian Moore

Tampa Bay (Spring Hill), FLORIDA, February 10, 2009

Socialist Party member Brian Moore agreed with President Obama's words that a failure to act swiftly and boldly on a massive economic recovery bill "could turn a crisis into a catastrophe." However, the former socialist presidential candidate in 2008 said that the Stimulus Bill is "the wrong action to take" and predicted that the $828 billion package approved by the U.S. Senate today, and Treasury Secretary Geithner's economic plans for the banks and investors, are both "doomed to fail."

Florida resident Brian Moore was interviewed on Houston radio station KTRH 740 AM, Tuesday morning, during the Texas city's 6:30 AM rush-hour drive. The station's hosts asked the socialist his perspective on President Obama's "socialized" bailout program and stimulus package in light of the president's visit to Indiana Monday and nationwide television speech/press conference Monday evening .

Moore told the Houston listening audience that the economic crisis in the United States is due to "a total failure of the capitalist economy," and that the socialist Party "rejects both the bail-out plan to banks and stimulus plan for the economy" as "terrible solutions." Moore said turning money back over to Wall Street and the banks, who caused the problem in the first place, and putting billions into the same failed and collapsing economic system, is like "putting the fox back into the henhouse."

Moore added, ultimately, under our present economic system and the bailout, "a small elite of people, will have access to free taxpayer money," and will once again reap any rewards, at the expense of 95% of the population.

Moore also criticized Timothy F. Geithner, new Secretary of Treasury, for his expected plan to stabilize banks by relying on a joint Treasury and Federal Reserve program, along with inviting investors, of over $500 billion initially. According to newspaper reports, Geithner opposed putting tougher conditions on financial institutions, "the very players who were guilty of this economic fiasco," Moore said.

Moore blames congress, and the President, for their naiveté and "blind faith in the free market principles," and for their "hypocrisy" in now asking the U.S. workers to take "collective responsibility." "It is the ruling class of professional speculators," not working people, who "should be held accountable," said Moore, and they should "not be given private ownership and control once again," said the civic activist and socialist party member.

Moore said that socialism's solution to the economic crisis is to "nationalize" the banks, all financial institutions, and all private corporations, and to turn over "ownership, social control and management to the workers," he said. Socialism will "de-centralize government, not rely on big government, and it will turn over control, democratically, to the workers and citizens."

Moore criticized President Obama for his "superficial tinkering with the economy," and "not involving any transformational change," as the message he campaigned on so earnestly. Moore accused the new president of "catering to the very moneyed people who supported financially a major part of his political campaign."

Moore predicted that "Sadly," Obama's legacy will be one of "leading the country from populism into social anarchy," something the Socialist Party "expects, but does not desire nor embrace"

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