"Facing a global economic disintegration, Milton Democrat William Ferguson, Jr. Said the government could create jobs easily. 'We are going to need to spend $3- to $4-trillion to improve our infrastructure, and that is going to create new jobs,' he said. People working roads, utilities and transportation projects would be proud of their accomplishments, he added".
"'. You're talking about going to a Congress, where you're one of 435 members ... How do you effect a change this massive from the position of a Congressman ... ?'
WAF
'The pressure's coming from the collapse of the current system, plus the devastating effect it's having on the population. In this country, the upper 20% income brackets have more wealth than the lower 80% households. That's just outrageous. The question is, can we moblize the citizens to demand this change; to go back to the principle of the General Welfare as Franklin Delano Roosevelt represented it? That's our big fight inside the Democratic. So that the constituence of the party is: labor, minorities, the traditional constitencey of the party.; Instead of the constituency now, which is Wall Street.'WBGH:
... "... There are people who try to mobilize those same constitutencies without taking this DRASTIC a step in the financial markets. 'What about' people's... day-to-day concerns" ...Ferguson:
"... If I'm a doctor, and someone comes to me with a brain tumor and acne -- I'm going to treat the brain tumore before I deal with the acne. The brain tumor, in this case, is the financial system that's disintegrating. Millions of people have already died because of it. . ... And it's time that it's stopped."
Ferguson foresees economic collapse
Patriot Ledger, Wednesday, September 5, 2001
"QUINCY High energy prices, skyrocketing rents and massive job layoffs are among the indicators that the national economy is on the verge of collapse, says congressional candidate William A. Ferguson, Jr."
"Back in 1963, to buy a home on average took about about 400 paychecks. Now it takes about 1,200 on average," Ferguson told the Patriot Ledger Editorial Board yesterday. "That's the kind of situation that has to be reversed. We have specific plans for how to do that, but the first step is to acknowledge the fact of the financial system being hopelessly bankrupt."
"Ferguson, a Milton resident, is one of seven Democrats in the 9th Congressional District primary race Sept 11.
The New England representative for the Lyndon LaRouche presidential campaign says he's running to advance LaRouche's theory that the world is in the end stage of an economic collapse.
"I'm running because right now the world is in the middle of a financial disintegration and an economic depression,' he said. 'We need to take bold steps to remedy that problem'.
Ferguson contends that the 1990s economic boom existed only for a wealthy few, and says government unemployment figures are overstated -- for example, by counting military personnel in the labor force and leaving out the long-term unemployed.
"'A lot of people could not exist unless they were able to have access to massive amounts of credit. Many people are getting second and third mortgages on their homes to get cash,' Ferguson said. 'These are ways people can maintain the illusion of prosperity.'
Ferguson said his top priority in Congress would be advancing LaRouche's call for the creation of a new Bretton Woods conference, the 1944 meeting attended by representatives from the world's leading countries to make financial arrangements for the postwar world.
'We pull the world's leaders together and create a new monetary system,' Ferguson said. Go back to the principles of the old Bretton Woods system that worked for 20 years. Reestablish fixed exchange rates, gold-reserved currencies, reestablish national banking rather than central banking, re-establish protectionist meaesures -- every nation should be able to protect their own economic development.
"The 9th Congressional District covers 15 communities from Boston to Taunton, including Milton, Braintree, Canton, Randolph and Stoughton.
"The winners of the Democratic and Republican primaries on Sept. 11 will meet in a special election Oct. 16."
2) Who would you set as a role model and
why?
Answer: Lyndon LaRouche. He is the Socrates of our age, and
ingenious enough to cause his enemies to drink the hemlock.
3) What is your greatest fear?
Answer: That I would have the opportunity to do something great for
humanity and not be ready.
4) Tell us something you have done that
demonstrates your
character.
Answer: I dropped out of Princeton to work with LaRouche because
I was more committed to seeking truth and fighting evil than
getting a B. S. Degree.
5) Why should you be elected?
For over 35 years, economist and statesman Lyndon LaRouche,
uniquely, has never erred in any of his long-range forecasts. We
are undergoing worldwide financial and monetary disintegration that
LaRouche accurately forecast in 1994. Can our citizens find the
wisdom and will, despite the political 'leadership,' to act with
LaRouche, to beat this Depression? If so, they should elect me
because I will implement LaRouche's solutions.