Electoral Disobedience Builds People Power!

“NO CORPORATE MONEY” Movement Poised to Replace Corporate Controlled Candidates.

My campaign for State Controller is growing and joining in solidarity with other no-corporate-money candidates who are also stepping up and running for office, like author/activist Luis Rodriguez for Governor, author Ellen Brown for Treasurer, David Curtis for Secretary of State, and many more. Many others are sharing our vision, giving their time and talent, and supporting us with financial contributions! 

As a State Controller who takes no corporate money, I will stand up to the Wall Street bankers — like Green Party mayor Gayle McLaughlin in Richmond, CA — and insist they gamble with their own money from now on. With a State Bank for California, we can create a bank that will partner with local banks and credit unions, and provide good loans to homeowners, students, and small businesses. We will keep the interest low, and keep it in the state, to invest in California, not Wall Street.

In the primary election on June 3, 2014 we have a very real chance to upset the status quo and create a more equal state for ALL Californians.

The way we will do this is by committing “Electoral Disobedience” to build people power by voting only for a new wave of “No Corporate Money” candidates who answer to the people, not corporations. California’s new “top two” primary has lots of problems but one big possibility: any voter can vote for any candidate regardless of political party. Be sure to cast your vote, but not for corporate-funded candidates. If they win, you won’t.

In sharp contrast to the corporate candidates, we don’t need millions. With several big donations of $1,000 or more, many smaller donations of $100 or more, and a whole bunch of encouraging $5 donations, we’ll be on our way to building that critical mass. We are grateful for ALL donations! Together we can spread the word about solutions, and stand up to those that continue to put profit before humanity and the planet.

Your financial contribution helps my campaign and lets people know that their voices and their votes can make a huge difference in the June 3 primary election.

If you would like to donate to my campaign, please click HERE.

Like my Facebook page: https://www.facebook.com/laurawellscalifornia?ref=hl

Follow me on Twitter  @WellsController

Thank you for all you do!

Laura Wells for Controller 2014


State Bank for California: Invest in California, not Wall Street

In 2011, four years after Ellen Brown wrote Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free, the Public Banking Institute, with Brown as the chair, was founded to provide support and leadership for the growing movement which she and her book engendered.

Since then, more than 20 states and many counties and cities are considering creating their own banks. Public banks partner with local, independent banks and credit unions, providing good loans to homeowners, small businesses, and students, while folding the interest back into the local economy, not Wall Street. People are asking, “Why throw money away by paying 5% interest to big banks for loans, while receiving less than 1% in interest from big banks for funds deposited?”

North Dakota is a good example. In 1919 the farmers got tired of losing their farms to out-of-state bankers; so, they created the Bank of North Dakota. Today, 93 years later, North Dakota has a budget surplus instead of a budget deficit, and more community banks per capita than any other state.

Here’s how you can get started establishing a public bank in your area. The steps include researching how public banking works, linking with allies, identifying champions, and finding potential sources of capitalization for the bank.

Research can start at http://www.publicbankinginstitute.org/. You will find a wealth of information, including FAQs and articles on public banking, a newsletter sign-up, and examples from around the world.

Allies are an important early requirement. Creating and implementing plans together provide great motivation to learn as much as possible in preparation for upcoming meetings and presentations.

Champions will come from many areas: community bankers, elected officials, candidates, and social activists from many related movements. In the process of finding allies, you will discover who is aligned with the big banks. (See related “No Corporate Money” article on reverse.)

Capitalization sources for initial bank reserves are varied and may come from a pool of public funds available for a particular purpose (see example at http://bankonsonoma.com). Use the Internet or public officials to discover funds on the balance sheets of your local jurisdictions that are going unused. Research the idea of using eminent domain in this era of foreclosures.

Keep abreast of the information and opportunities provided by the Public Banking Institute. It is inspiring to be involved with people across the country who, even when they are faced with setbacks and obstacles, are moving ahead on this solution that is both positive and possible.

North Dakota has a publicly owned bank. What city, county, or state will be next?

New Year Wishes for the California Budget

Here are my two big wishes for the California budget. The real bottom line is to create a better than ever California, with justice and peace, great schools, environment, and jobs. The challenges are huge, but the Occupy Movement has inspired real hope, and the movement will not stop. My wishes:

One: Begin to get rid of the 2/3 majority vote requirements for raising revenue. My wish is that 2012 will be a banner year for increasing people’s awareness of how the 2/3 requirement has handed a small minority veto power over taxing the rich, and has kept in place an excuse-ridden system that produces cuts-only budgeting in our wealthy state. Voters can fix this.

Two: Begin to implement publicly-owned banks in California. My big wish is for a State Bank to be established, so that it will partner with local banks and credit unions; provide good loans to homeowners, small businesses, and students; and invest in California not Wall Street.

My part in all this? By running for statewide office as a Green Party candidate I’ve become more and more expert on the process of the budget. I plan to share my expertise and insights in every way I can.

Post a Blog-a-Day on the Budget

As we enter January 2012, my goal is to blog frequently on the budget. January is the month the annual budget process (fiasco!) begins in California. The Governor is required to introduce a balanced budget proposal by January 10, and the Legislature is required to pass the annual budget bill by midnight on June 15.

Provide a Voice for Budget Solutions rather than Budget Excuses

We’re setting up speaking engagements and interviews at colleges, on radio and TV, and every other medium possible, How can you help? Post your questions and comments; provide speaking opportunities; and spread the word so people know we can have a “revolution of solutions.”

Another California is possible.

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