The Week in Review
President
Obama made history with the nomination of the first Hispanic and only
the third woman ever selected for the Supreme Court. General Motors
headed into bankruptcy. Senator Bernie Sanders urged the appointment of
a strong leader for a panel to investigate the economic crisis and what
went wrong on Wall Street. Speculators drove up oil prices to a six
month high. Congress prepared to get down to the serious business of
reforming health care.
Health Care The
United States is the only major nation without a universal health care
system. Some 47 million Americans have no health insurance, even more
are underinsured, and we spend more per capita on health care than any
other country on earth. The debate over health care reform will be
Topic A in Washington when Congress returns from a Memorial Day
recess. Senator Bernie Sanders will set the stage at a town meeting
Monday in Burlington featuring T.R. Reid. In the "Frontline"
documentary "Sick Around the World," the award-winning correspondent
examined why the health care system in the United States lags far
behind other major democracies. For details on Monday’s town meeting,
click here. To watch the PBS program online, click here.
Supreme Court “I
very much appreciate that President Obama is attempting to address the
gender and ethnic imbalance that currently exists on the highest court
in our land,” Sanders said after President Obama nominated Judge Sonia
Sotomayor to the Supreme Court. “As the nominating process unfolds, ,”
Sanders added, “I look forward to hearing Judge Sotomayor’s views on
the most important issues that the Supreme Court will be addressing. I
am especially interested in her views on privacy rights and how, in
these times of international tension, we can preserve our civil
liberties and constitutional rights while we defend our nation against
those who would do us harm. At a time of growing corporate power, I
also want to ascertain her views as to how the courts can protect the
rights of workers and consumers against the abuses of large and
powerful corporations.”
Oil Prices As crude
oil prices jumped to the highest level in six months, Senator Bernie
Sanders urged federal regulators to stop speculators from artificially
driving up prices. Sanders said the Commodity Futures Trading
Commission should use its emergency powers - which include the
authority to impose speculation limits, increase margin requirements,
and suspend trading - in order to ensure that oil prices accurately
reflect supply and demand. "I hope you will seize this opportunity to
redefine the CFTC as a strong regulator that will do everything within
its power to benefit consumers," Sanders said in a letter to Gary
Gensler, the commission's new chairman. To read the letter, click here.
Solar Energy President
Obama on Wednesday toured a massive solar power array at Nellis Air
Force Base in Nevada, a project Sanders visited last summer, Also on
Wednesday, the senator announced that he secured $500,000 for Vermont
public schools to install solar panels, the latest development in an
ongoing campaign to transform Vermont’s energy system. “The truth is
that in Vermont solar energy can become an important part of our energy
mix and it’s vital that we begin that process as soon as possible,”
said Sanders, chairman of the Green Jobs and the New Economy
Subcommittee. The school solar grants – designed to help lower electric
bills and teach students about alternative energy – will be distributed
by the Vermont Department of Education to about 10 schools. Sanders
also announced more than $300,000 going to four state colleges for
greener campuses, including Vermont Technical College for a wood pellet
boiler, Lyndon State College for a solar array, Johnson State College
for building efficiency improvements, and Castleton State College for
an energy efficiency metering initiative. He also announced a $500,000
allotment for installation of solar hot water heaters in hundreds of
public housing units in Barre, Bennington, Brattleboro and Burlington.
To read the Rutland Herald report on the solar grants, click here.
Economy Gross
domestic product in the United States fell at a 5.7 percent annual rate
from January to March, the Commerce Department said on Friday. It
lowered an initial estimate that the economy contracted at a 6.1
percent annual rate during the quarter. Still, the economy basically
was in freefall. Just ask the millions of unemployed workers in America
looking for jobs. The Labor Department on Thursday said companies are
cutting fewer workers, but the number of people continuing to receive
unemployment benefits rose to 6.78 million — the largest total on
records dating back to 1967 and the 17th straight record week.
Wall Street Probe Sanders told Vermont Pubic Television that he called Senate Majority
Leader Harry Reid on Thursday to discuss a new independent commission
that will investigate the cause of the financial meltdown. Sanders said
he urged the Senate leader to appoint “the strongest people he can…for
a thorough investigation.” Reid and House Speaker Pelosi will appoint
six people to the 10-member panel. “I consider this to be a very
important issue,” Sanders told Thom Hartmann on his
nationally-syndicated radio. “I hope we see a very strong chairperson
and an aggressive investigation.” For more on Thom Hartmann, click here.
