PETITION: President Trump—Commit to Glass-Steagall by State of the Union

 

Donald Trump at a campaign rally in Newtown, Bucks County, PA, Friday, October 21, 2016. Photo: Michael Candelori

The following petition was originally drafted by a group entitled “Our Revolution in Northwest Ohio.” With their commitment to unify the entire nation, they have issued a call to all groups, e.g. the “Tea Party, Republicans, Democrats, Labor and Business,” to rally around the necessary first step of passing Glass-Steagall legislation. Their effort is consistent with the aims of LaRouchePAC, and we are circulating this as part of a national mobilization for the immediate passage of Glass-Steagall legislation by the House and Senate, to be signed into law by President Trump.

In addition to the reinstatement of Glass-Steagall, LaRouchePAC is calling for the full implementation of LaRouche's Four Laws: 1. Reinstate FDR’s Glass-Steagall banking separation, 2. Return to a Hamiltonian System of national banking, 3. Invest federal credit for productive employment, and 4. Launch a crash program for fusion power. These four laws, as laid out in a resolution recently passed by the Illinois State House in June, 2016, are the four critical steps to rebuild the American economy.

We are asking every citizen to rally around this economic program with the greatest urgency. These four laws are the only effective way to address both the dire economic and financial crisis after decades of destructive policies, as well as activate the potential for great development, as we now see throughout Asia with China’s New Silk Road Initiative.

Sign this petition. Share it with your friends, family, and networks. Each signed copy will be hand delivered to your Congressmen and Senators. If you are the head of an organization, issue a similar challenge to President-elect Trump. If you are an elected official, introduce legislation similar to the bold call from the Illinois State House. A PDF of this petition can be found here.

As President Franklin Roosevelt stated at his first Inaugural Address, “This Nation asks for action, and action now!”

Open Letter to President Donald Trump and to all members of Congress:

January, 2017

We the undersigned strongly feel the need for protecting our economy from another unnecessary market crash and recession like the one experienced in December of 2007. As you take office, the conditions for a collapse are too similar to those of 2007: rising asset values together with a lack of separation between FDIC insured banking and risk-investment brokering.

We applaud President Trump’s campaign statement in Charlotte, North Carolina, October 26, 2016, endorsing a call for "A 21st Century version of Glass-Steagall," and reintroducing a modern day Glass-Steagall Act. We trust that you understand that stabilizing the business climate and securing the assets as separate from Wall Street speculation is a key to prosperity during your administration.

To set the tone of discourse in Congress 2017, we ask that President Trump restate his support for a Glass-Steagall Act during the State of the Union address.

Be assured in doing so, you will find common ground with both the Republicans and the Democrats since both party platforms have the support of banking legislation that separates insured accounts from Wall Street speculation in their respective platforms.

Thank you for responding to the call from citizens, businesspersons, bankers and legislators as we move forward.

WE URGE THAT THE GLASS-STEAGALL LEGISLATION BE PASSED BY BOTH THE HOUSE AND SENATE OF THE U.S. CONGRESS, AND SIGNED INTO LAW BY INCOMING PRESIDENT DONALD TRUMP. WE ALSO ASK THAT THE ENTIRE FOUR LAWS OF ECONOMIC DEVELOPMENT ALSO BE IMPLEMENTED DURING THE FIRST 100 DAYS.

*Please leave your city, state and zipcode if you want us to deliver the signatures to your Representatives.

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