Preparing the March On Wall Street
by
Danny Schechter

When you read about Jesse Jackson, it's often in the context of an appearance here or there or as a high profile individual, controversial or not, depending on your point of view.
He's thought of as a "black leader" but its rarely made clear who or what he is leading. So when you read that he is organizing a March at noon today on Wall Street against the foreclosures of millions of homeowners, some shrug dismissively, ' there he goes again," as if he's just a professional protester.
You'd lose that contemptuous stereotype fast if you had been with me this past Saturday, on his home turf in Chicago where he founded and runs the Rainbow Push Coalition out of a former synagogue turned church, community center, school, and TV station on Chicago's South Side.
This is the Reverend's base, an organization that goes back
42 years from when he as a young man joined Martin Luther King Jr.
crusade for freedom. King appointed him to head up "Operation
Breadbasket," an economic empowerment arm of the civil rights movement.
After
King was murdered, and he was there with him in Memphis-he left the
Southern Christian Leadership Council (SCLC) to form Operation Push
(People United To Save Humanity.) When he later ran as a presidential
candidate with the multi-cultural Rainbow theme, The pressure tactics
of PUSH fused with the the non-racial mroe expansive Rainbow spirit.
On
Saturdays, a day chosen not to conflict with Sunday church services,
Jackson holds forth in the huge building on Drexell and East 50th
Street on the South Side. He invited me out to speak and show a clip of
my film IN DEBT WE TRUST.
The
day started at 6 AM, which is when he gets cranking, with the taping of
his TV show, an hour-long discussion program that airs at 9 Saturday
Nights worldwide on the WORD network, a globally distributed religious
broadcasting outlet. He wanted me on to explain the predatory lending
and subprime menace which I explore in my film and new book, SQUEEZED:
America As The Bubble Bursts (ColdType.Net).
The program was not
rhetorical but analytical with an emphasis on context and solutions. It
has no sponsors perhaps because it is a freewheeling exchange of views.
Jackson is not just
talking to his base or the victims of predatory lending, On Friday, he
had an op-ed in the Wall Street Journal with proposals for what can be
done. He called for a Marshall Plan and an agency like the
Reconstruction Finance Corporation used in the depression or like the
Resolution Trust Corporation set up to resolve the Savings and Loan
(S&L) scandal to provide relief to people who lost homes and
savings. He told me that Sandy Weil, the former Wall Street CEO and
mogul called him at 5 in the morning to discuss it with him.
After
the show broadcast from the basement ended, I went upstairs to the
community hall for a breakfast of eggs, grits and a biscuit and a
conversation with folks waiting for a panel of the "Entrepreneurs
University," an empowerment and educational program for small
businessmen which meets there. Foreclosure lawyers and lenders,
including representatives of state agencies, were in another oom
discussing ways to restructure mortgages with troubled homeowners.
(Chicago has an almost 30% foreclosure rate.)
(Nearby Detroit is
harder hit. Yesterday, residents of the Detroit area who opened their
paper were greeted with 122 pages of the 2008 Tax Foreclosure list for
Wayne County. The current figure for Wayne county reports that a
staggering 1/4 homeowners are in default on their mortgage.) This is
worse than Katrina, a disaster in the making. Motown may soon be notown.
At
ten A.M, the service begins. It is also broadcast live on WORD and a
local outlet. The place was a beehive of activity, packed, energized,
maybe even sanctified. This was a weekend to remember the civil rights
struggle. There was a fabulous gospel choir,a band and amazing soloists
including some local pastors who dropped in to sing and testify. He has
built an important and internationally respected institution which
carrying on the momentum of the civil rights struggle from protest to
politics to economic survival. He is, as we said in the Civil Rights
days, "keeping on, keeping on."
And I say this as someone who is
mindful of all the criticisms of Jesse's flaws, failings and
disappointments. Who among us is perfect? But who among us has his
stature and history?
The room was rocking and I thought of my
lanzmen who used to live in this onetime Jewish neighborhood and who
once worshiped in this very building and how they would feel about the
energy and love so visible in a hall, filled with passionate and
classic church ladies but with a sprinkling of younger people. Jesse's
son, Jonathan, now a businessman and Rainbow Push spokesman talked about
ongoing police abuse in Chicago and appealed for people to sign a
petition to stop it.. There were also educators present who described
their efforts to improve the education of black boys and young men.
And
then, it was my turn. Jessie brought me up to the platform and I was so
electrified that I did some preaching of my own about the white collar
crime wave behind the subprime crisis. I as on fire. I think he was as
amazed as I was.There was a call and response from the crowd, people
applauded and I felt real good after so many months of writing about
all this and feeling like I was on my own planet with few listening or
realizing the extent of the calamity. He showed a clip of the film and
the response to that was enthusiastic too. Many bought DVDs afterwards
and I have a feeling it will be shown again all around town. (To order
a copy visit InDebtWeTrust.com)
I realized that what a novice I
was as a preacher when Jackson did his signature thing. I would like to
think I inspired him to go higher, because he went from speaking to
sermonizing with eloquent and electrified, teaching, getting the
congregation to repeat his wordsâ€â€"restructure, don't repossess." They
all later sang GO TELL IT ON THE MOUNTAIN and they meant it.
I
flashed back to the churches I visited during the civil rights movement
back in the South in the 60's where politics and religion became one in
a blend of inspiration and resistance. It seemed like that movement may
be on the verge of being reignited, This will be a movement for
economic justice, not just civil rights. (Although remember that the
March on Washington in 963 was for JOBS and justice and Dr. King was
supporting a strike by garbagemen when he was struck down.)
We'll
see what happens in New York later today (There is also a March on the
Federal Reserve Bank on LaSalle Street in Chicago.) Both will probably
be small because there wasn't much time to organize. Think of it as a
start of an ongoing campaign, a way to put the issue on the larger
agenda.
Watch Out Wall Street: the Samaritans are coming to confront the Scrooges.