Dear Working Families e-Activist:
We hope you saw Saturday's headlines announcing that after
hearing from you, brokerage firm Edward Jones dropped out of a
business coalition backing President Bush's plan to privatize Social
The Washington Post said Edward Jones resigned from the
Alliance for Worker Retirement Security (AWRS) "after the AFL-CIO
staged protests at two of the firm's offices and attacked it on the
Internet....The labor federation staged rallies on Tuesday near the
firm's St. Louis headquarters and outside its office in downtown
Lincoln, Neb. It also instigated thousands of e-mails to the
firm protesting its role in aiding the president's plan."
Good job! Now let's do it again.
Charles Schwab is another Wall Street money manager supporting
Bush's Social Security privatization—and Schwab has not backed down.
Although privatization would slash clients' guaranteed benefits,
Wall Street firms "could reap billions of dollars in management fees
and commissions over the long term" if Social Security is
privatized, according to the Jan. 18 Los Angeles Times.
That's a conflict of interest.
Tell Charles Schwab: Don't support Social Security
privatization. Step down from the front groups pushing
privatization. Click the link below:
Charles Schwab also is a member of the AWRS and of the Financial
Services Roundtable. These and other front groups are raising
millions for ad campaigns to sell Social Security privatization to
the American public. Charles Schwab's corporate philosophy
description says the company's goal is to offer individual investors
"useful, ethical services at a fair price." The most ethical service
Schwab could provide for working families is to withdraw from the
front groups trying to privatize Social Security.
You convinced Edward Jones to leave the main Social Security
front group. Now convince Charles Schwab to do the same. Click
Social Security is America's best-run, most successful family
insurance program. Millions of retirees, survivors and people with
disabilities rely on Social Security. President Bush's plan to move
Social Security funds into private accounts may be good for Schwab's
business—but it would hurt working families terribly, forcing
devastating cuts in benefits and replacing retirement security with
Please contact Schwab CEO Charles "Chuck" Schwab. Urge his
company to drop its support for Social Security privatization and to
step down from the pro-privatization front groups. Click here:
And when you've sent your message, please ask others concerned
about retirement security to send their messages as well. Click link
Thanks for all you do for working families—and congratulations on
Thanks for all that you do.
Working Families e-Activist Network
Feb. 15, 2005