华盛顿特区——今天,国会进步核心小组主席Rep. Greg Casar(TX-35)和众议院金融服务委员会(CA-43)共同领导通过了一项决议,警告与情报有关的人为资产泡沫造成的经济风险,反对对受A.I.泡沫崩溃影响的公司或其企业主管进行救助,并申明他们支持积极的联邦行动,以保护将受到经济衰退伤害的工人、退休人员和低收入社区。
他们的代表包括丹尼·戴维斯(IL-07)、克里斯·德卢齐奥(PA-17)、瓦莱丽·Foushee(NC-04)、杰苏斯·“丘伊”·加西亚(IL-04)、普拉米拉·贾亚帕尔(WA-07)、阿纳利利亚·梅贾(NJ-11)、德利娅·拉米雷斯(IL-03)、安德烈·卡森(IN-07)、扬·沙考夫斯基(IL-09)、布拉德·谢尔曼(CA-32)和拉希达·特拉布(MI-12)。
“大技术亿万富翁正在对A.I.进行越来越鲁莽的赌注。 他们从特朗普的放松管制和共和党的减税中得到了更多的好处。 现在他们希望纳税人们能保释他们如果这些赌注出问题的话称CP主席Casar, "A.I. 失败的公司应当破产,实施欺诈的管理人员应当承担责任。 联邦应帮助工人和退休人员。”
称 Ranking Member Waters。 “尽管危险泡沫的警告迹象越来越多,如果一切崩溃,他们不应该指望纳税人来营救他们,“我们看到2008年发生的情况,当时鲁莽的华尔街做法使我们的经济崩溃。 当数百万勤劳的美国人失去工作、家园和退休储蓄时,银行得到了保释。 我们不能让历史重演。 美国人民不应该再被迫为亿万富翁的鲁莽赌注买单。
民主党立法者在决议中指出,“与情报有关的人工公司持有数万亿美元的债务,其中大部分是在不透明和不受管制的私人信贷市场上的融资 ”,以及“股票市场的价格与收益之比目前几乎与1990年代技术泡沫高峰期一样高。 ”
民主立法者还指出,“联邦监管者避免对人工智能公司所使用的极其复杂的债务和股本计划实施严格的审查和监督”,并强调了川普白宫的放松监管重点和与A.I.有关的利益冲突。
决议的共同提案国承诺避免采取类似于2008年金融危机期间的联邦对策,当时金融部门获得了数万亿美元的流动性,而没有追究参与非法和欺诈行为的高级主管的责任。 与此同时,1 000万房主失去了房屋,数千万工人年复一年没有足够就业,而大到破产的银行则享有大规模的救助。
决议敦促联邦政府,包括国会和联邦主要机构反对:
- 任何旨在拯救与人工情报有关的破产公司或保护其高级主管不因鲁莽行为而承担责任的措施;
- 提供特别援助,例如紧急贷款或直接注入资本,以支持破产的A.I.公司的业务或阻止它们通过普通的破产程序有秩序地解决问题;
- " 黄金降落伞 ",指那些参与导致其公司破产的风险或非法行为的公司管理人员,而要求根据民法和刑法追究他们的全部责任,并有义务归还非法所得,如豪宅、度假屋、私人飞机和游艇以及其他资产。
决议还呼吁联邦政府支持:
- 采取积极、直接的联邦行动,通过联邦支出支持普通美国人,以创造就业机会,保护州和地方政府服务,并提供有力的失业保险、营养支助和住房援助;
- 保护养恤金和退休基金持有人,如果他们在人工智能泡沫破灭时可能面临毁灭性损失;
- 进行意义深远的改革,以防止未来的投机泡沫,包括增加透明度和问责制要求;
- 自动经济稳定器——在经济下滑时立即开始流动的人的投资——当金融危机、资产泡沫和其他损害造成衰退和衰退时支持工人和消费者。
该决议得到了美国教师联合会、美国经济自由项目、美国金融改革组织、负责任的借贷中心、需求进步行动、未来生活研究所、守护者行动、隐形组织、企业责任宗教间中心、人权投资者联盟、正义工作、P街和社会保障工程的认可。
称 Morgan Harper是美国经济自由政策和宣传项目主任。 他们不应该用救赎付第二次。 当华尔街的赌注在金融危机期间变得糟糕时,银行得到了救赎,普通人得到了取消赎回权的通知。 国会成员应事先拒绝大赦国际的救赎,并承诺为那些被扣留的人
“技术亿万富翁及其华尔街支持者正在使用危险的策略来回忆2008年的金融危机,“这一决议为捍卫人们的经济安全不受泡沫爆炸半径的影响、反对亿万富翁的救助以及追究公司高管的责任指明了一条至关重要的道路。 这是对付日益增加的金融风险和摆脱AI泡沫后出现的经济更加公平和稳定所必须采取的办法。”
“2008年,当住房市场崩溃时,金融业准备采取行动,确保有一个使他们受益的拯救计划。” “国会进步核心小组必须挺身而出,确保任何从AI泡沫倒闭中拯救出来的援助都是为了造福整个国家,而不是首先制造问题的亿万富翁AI男孩。”
“Casar主席、Ranking Member Waters和进步核心小组应因这项决议而受到赞扬,并被确认为是确保大赦国际政策注重工人阶级影响的关键,而不只是任由国会少数亿万富翁及其贵宾称 Maya Handa,守护者行动高级顾问。 “AI产业正试图购买我们的选举,并制订自己的条例,而其最大的参与者则在创纪录的估价中排队。 如果这变成了泡沫,工人阶级的美国人决不能被迫为大科技首席执行官的鲁莽和贪婪付出代价。 简而言之:不可能为大型AI执行官或其财务支持者提供救助。”
“AI公司及其亿万富翁高管不应该赌我们的经济和民主,“2008年,我们了解到,当政府把对公司腐败的有罪不罚现象置于工作家庭之前时,会发生什么。 决议写明:立法者会保护AI技术兄弟还是他们应该代表的人?
在这里读读决议。
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国会进步核心小组由近100名成员组成,在华盛顿和全国支持进步理想。 自1991年以来,CPC一直主张采取渐进政策,将美国工人置于企业利益之上。 CPC倡导的政策包括全面移民改革、高薪工作、公平贸易、全民保健、无债务大学、气候行动和公正外交政策。 核心小组是要求大胆和全面解决美国面临的紧急危机的主要代表,这些危机包括结束美国以营利为目的的医疗保健系统,提高美国工资,消除政治腐败,支持劳工运动,以及采取行动为子孙后代保护地球。
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Washington, D.C. — Today, Congressional Progressive Caucus (CPC) Chair Rep. Greg Casar (TX-35) and House Financial Services Committee Ranking Member Rep. Maxine Waters (CA-43) co-led the introduction of a resolution warning of the economic risks posed by an artificial-intelligence-related asset bubble, opposing a bailout of corporations or their business executives impacted by the collapse of an A.I. bubble, and affirming their support for aggressive federal action to protect workers, retirees, and low-income communities who will be harmed by an economic downturn.
They were joined by Representatives Danny Davis (IL-07), Chris Deluzio (PA-17), Valerie P. Foushee (NC-04), Jesús “Chuy” García (IL-04), Pramila Jayapal (WA-07), Analilia Mejia (NJ-11), Delia Ramirez (IL-03), André Carson (IN-07), Jan Schakowsky (IL-09), Brad Sherman (CA-32), and Rashida Tlaib (MI-12).
“Big Tech billionaires are making increasingly reckless bets on A.I. They got richer off Trump’s deregulation and Republican tax breaks. Now they expect taxpayers to bail them out if those bets go bad. We won’t let them," said CPC Chair Casar. "A.I. companies that fail should go bankrupt, and executives who commit fraud should be held accountable. Federal help should go to workers and retirees.”
“Big tech and Wall Street are taking enormous risks with billions in borrowed money to fuel the AI boom, despite growing warning signs of a dangerous bubble and if it all comes crashing down they should not expect taxpayers to rescue them,” said Ranking Member Waters. “We saw what happened in 2008 when reckless Wall Street practices brought our economy to its knees. The banks got bailed out while millions of hardworking Americans lost their jobs, homes, and retirement savings. We cannot let history repeat itself. The American people should never again be forced to foot the bill for billionaires’ reckless bets.”
In the resolution, the Democratic lawmakers note that “artificial intelligence-related firms hold trillions of dollars in debt, much of which is raised in opaque and unregulated private credit markets,” and “the price-to-earnings ratio of the stock market is currently almost as high as it was at the peak of the 1990s tech bubble.”
The Democratic legislators also point out that “federal regulators have avoided applying robust scrutiny and oversight regarding enormously complicated debt and equity schemes used by artificial intelligence firms” and highlight the Trump White House’s deregulatory focus and conflicts of interest related to A.I.
The resolution’s cosponsors commit to avoiding a federal response similar to what occurred during the financial crisis of 2008, where the financial sector received trillions of dollars in liquidity without accountability for senior executives involved in illegal and fraudulent behaviors. Meanwhile, 10 million homeowners lost their houses and tens of millions of workers went years without adequate employment while too-big-to-fail banks enjoyed a massive bailout.
The resolution urges the Federal Government, including Congress and key Federal agencies to oppose:
- Any measure to rescue insolvent artificial intelligence-related firms or to shield their senior executives from accountability for reckless conduct;
- Special assistance like emergency lending or direct capital infusions to prop up insolvent A.I. companies’ operations or prevent their orderly resolutions through ordinary bankruptcy processes;
- “Golden parachutes” for corporate executives involved in risky or illegal behaviors that lead to their firms’ insolvency, instead requiring them to be held fully accountable under civil and criminal law and be obligated to return ill-gotten gains like mansions, vacation homes, private planes and yachts, and other assets.
The resolution also calls on the Federal Government to support:
- Aggressive, direct federal action to support ordinary Americans through federal spending to create jobs, protect state and local government services, and robust unemployment insurance, nutrition support, and housing assistance;
- The protection of pension and retirement fund holders who may face devastating losses in the event of a collapse of an A.I. bubble;
- Far-reaching reforms to prevent future speculative bubbles, including additional transparency and accountability requirements;
- Automatic economic stabilizers—investments in people that start to flow immediately in the event of an economic downturn—that support workers and consumers when financial crises, asset bubbles and other harms create downturns and recessions.
The resolution was endorsed by American Federation of Teachers, American Economic Liberties Project, Americans for Financial Reform, the Center for Responsible Lending, Demand Progress Action, Future of Life Institute, Guardrails Action, Indivisible, Interfaith Centre on Corporate Responsibility, Investor Alliance for Human Rights, Jobs With Justice, P Street, and Social Security Works.
“Americans are already paying for the AI build-out through higher power bills and a stock market propped up by a handful of companies,” said Morgan Harper, Director of Policy & Advocacy for American Economic Liberties Project. They should not pay a second time with a bailout. When Wall Street’s bets went bad during the financial crisis, the banks got rescued and ordinary people got foreclosure notices. Congressional members are right to reject AI bailouts in advance, and commit to saving real help for those who will be left holding the bag—the American people.”
“Tech billionaires and their Wall Street backers are using dangerous tactics reminiscent of the 2008 financial crisis to make trillion dollar bets on AI—and they are putting working people’s money at risk,” said Maya Jenkins, a senior policy analyst at Americans for Financial Reform. “This resolution charts a critically important path for defending people’s economic security from the bubble’s blast radius, opposing billionaire bailouts, and holding corporate executives to account. This is the kind of approach needed to confront mounting financial risks and emerge from the aftermath of the AI bubble with an economy that is fairer and more stable.”
“When the housing market collapsed in 2008, the financial industry was prepared to act to ensure that there was a bailout that benefited them,” said Dean Baker, senior economist at the Center for Economic and Policy Research. “It is important that the Congressional Progressive Caucus is stepping forward to make sure that any bailout from the collapse of the AI bubble is designed to benefit the country as whole, rather than the billionaire AI boys who created the problem in the first place.”
“Chair Casar, Ranking Member Waters, and the Progressive Caucus should be praised for this resolution and recognized as being at the tip of the spear in ensuring that AI policy focuses on working-class impacts and isn’t simply left to the desires of the handful of billionaires and their courtesans in Congress, said Maya Handa, Senior Advisor, Guardrails Action. “The AI industry is trying to buy our elections and write their own regulations while its biggest players line up IPOs at record valuations. If this turns into a bubble, working-class Americans must not be forced to pay the tab for big tech CEOs’ recklessness and greed. Simply put: there can be no bailout for big AI execs or their financial enablers.”
“AI companies and their billionaire executives shouldn’t get to gamble with our economy and democracy, then expect working people to bail them out when their bets on AI go bust,” said Andrew O’Neill, National Advocacy Director of Indivisible. “We learned in 2008 what happens when the government puts impunity for corporate corruption ahead of working families. This resolution draws a clear line: will lawmakers protect AI tech bros or the people they’re supposed to represent?”
Read the resolution here.
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The Congressional Progressive Caucus (CPC) is made up of nearly 100 members standing up for progressive ideals in Washington and throughout the country. Since 1991, the CPC has advocated for progressive policies that prioritize working Americans over corporate interests. The CPC champions policies including comprehensive immigration reform, good-paying jobs, fair trade, universal health care, debt-free college, climate action, and a just foreign policy. The caucus is the leading voice calling for bold and sweeping solutions to the urgent crises facing this nation, including ending America’s broken for-profit health care system, raising American wages, eliminating political corruption, supporting the labor movement, and taking action to protect the planet for generations to come.
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