“The President has subverted the progressive ideals of the New Deal. He’s imposing his vision of a ‘grand bargain’ that represents the effective philosophical merger of the Democratic and Republican parties. “

“The President presented a rosy picture of the current state of the economy by tossing out a few anecdotes and cherry-picked statistics. He seemed almost oblivious to recent news that 48% of Americans are living in poverty or near poverty, the greatest number in 50 years of record keeping. If he thinks things are going so well, maybe that’s why he sees no reason to change course.”

“America needs to go in a new direction. We are calling for a Green New Deal that would decisively end high unemployment and make a massive investment in solar, wind, energy efficiency and mass transit. We reject the President’s assertion that “all of the above” is the right answer when it comes to energy. We need to wean ourselves from the fossil fuels that pollute our land and water, motivate wars for oil, and which are pushing us to a climate catastrophe.”

“An honest analysis shows that most of the president’s proposed solutions are just band-aids on the status quo and do not represent a serious attempt to end the crises we face. His mortgage foreclosure reforms will reach only a tiny fraction of homeowners in crisis. And his proposed commission to investigate bank fraud is hamstrung from the outset by the packing of the commission with big bank-friendly regulators. Furthermore it ignores the enormous inequity and economic damage that Wall Street does without committing prosecutable fraud. Contrast that with the Green New Deal that would impose an immediate moratorium on home foreclosures, would write down the principals of inflated mortgages to market rates, and would break up the big banks that caused this crisis and replace them with decentralized and democratized financial institutions.”

Regarding education, Stein noted that “Obama’s plan for the student loan crisis basically preserves the status quo. His solution is to keep interest rates the same and to cut Federal funding to colleges that are in financial crisis. The Green New Deal would end the crisis by taking over the student debt and implementing tuition-free higher education.”

“America needs decisive action to get us out of the current economic slump. Most of all we need jobs — tens of millions of them — not the puny numbers that will result from President Obama’s attempts at top-down stimulus. The unemployment office needs to become the employment office. The bold actions that worked to end the Great Depression can work again. The tax giveaways and corporate welfare that the President advocates are inefficient, take too long, and don’t create the right type of jobs in the places where they are most needed. We can and must do better.” 

“This election is a turning point. We can continue with the failing corporate-serving philosophy represented by Barack Obama, Mitt Romney, and the other establishment politicians. Or we can stand up for a rededication of our nation to the public interest. As I have traveled around the nation in the past two months, I’ve found that people are hungry for real change and are excited to see something like the Green New Deal put on the table.”