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Forums - Politics - Wall Street Protests

People are just complaining to complain. They don't even know why they're there.

People should be pissed about overspending (deficit budgets), unemployment (caused by gov't) and overtaxation. Its funny how people are mad at big business (aka the people who create jobs and keep the economy going) but not the government (who interferes with business and creates policies that cause unemployment e.g. Minimum wage, supporting unions, etc.).

The protest should be at the Whitehouse not Wall Street.



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badgenome said:
Raze said:

Well if we're going to judge maturity on words here, then you clearly show how green you are behind the ears. Apparently you know quite less about the situation going on, having not viewed the larger picture of regulation from the Ford administration onwards, nevermind the "wonderful" times of Reganomics. But it's to be expected,so many love to jump to conclusions based on a half-knowledge. Continue this, you'll be swept up in the viscious tide coming all the same. I don't know you from Adam, soit doesn't matter to me either way.  The housing fiasco is only one element of this, the  ice underneath had been cracking far longer.  But again, it's that half knowledge which brings you to a very broad over-generalization of the problem at hand. What further seals your fate of immaturity is an attempted, but lacking personal jab to wrap up your response. It simply discredits any merit your point had.

Way to offer specific examples. If I am operating on a "half-knowledge" (whatever that is), I am forced to conclude that you are operating on none whatsoever.

Ah, again, resorting to personal level insults instead of having a discussion. It's unfortunate.

Surely you're capable of doing a google search, no? Read a bit, learn the reality. This mess started nearly 40 years ago.

Deregulation under Regan - http://www.digitalhistory.uh.edu/database/article_display.cfm?HHID=406

Deregulation under Carter - http://mises.org/daily/535

Deregulation during the Ford/Carter administrations - http://www.jthtl.org/content/articles/V5I2/JTHTLv5i2_Crain.PDF

They sold your country out from underneath you before you were even a thought.



The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey

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Marks said:
People are just complaining to complain. They don't even know why they're there.

People should be pissed about overspending (deficit budgets), unemployment (caused by gov't) and overtaxation. Its funny how people are mad at big business (aka the people who create jobs and keep the economy going) but not the government (who interferes with business and creates policies that cause unemployment e.g. Minimum wage, supporting unions, etc.).

The protest should be at the Whitehouse not Wall Street.

Absolutely agreed, well minus for the whitehouse part - it should be at the US Capitol building. After all, its the congress who are mostly responsible for the gov't actions.



The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey

http://www.thecarnivalofshadows.com 


Raze said:

Ah, again, resorting to personal level insults instead of having a discussion. It's unfortunate.

Surely you're capable of doing a google search, no? Read a bit, learn the reality. This mess started nearly 40 years ago.

Deregulation under Regan - http://www.digitalhistory.uh.edu/database/article_display.cfm?HHID=406

Deregulation under Carter - http://mises.org/daily/535

Deregulation during the Ford/Carter administrations - http://www.jthtl.org/content/articles/V5I2/JTHTLv5i2_Crain.PDF

They sold your country out from underneath you before you were even a thought.

And this proves... what? That there were and are people who want less regulation? That's hardly a secret. What exactly am I supposed to even be looking at here? For fuck's sake, this is the most random collection of links I've ever seen, and only one of them even mentions financial deregulation at all and only then in passing. What I'm asking you to do is offer even the flimsiest support for your asinine assertion that deregulation, as opposed to people living beyond their means on easy credit for many years, led to where we are now.



I'm worried about this....





-edit- ow.. wrong thread...



 

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badgenome said:
Raze said:

Ah, again, resorting to personal level insults instead of having a discussion. It's unfortunate.

Surely you're capable of doing a google search, no? Read a bit, learn the reality. This mess started nearly 40 years ago.

Deregulation under Regan - http://www.digitalhistory.uh.edu/database/article_display.cfm?HHID=406

Deregulation under Carter - http://mises.org/daily/535

Deregulation during the Ford/Carter administrations - http://www.jthtl.org/content/articles/V5I2/JTHTLv5i2_Crain.PDF

They sold your country out from underneath you before you were even a thought.

And this proves... what? That there were and are people who want less regulation? That's hardly a secret. What exactly am I supposed to even be looking at here? For fuck's sake, this is the most random collection of links I've ever seen, and only one of them even mentions financial deregulation at all and only then in passing. What I'm asking you to do is offer even the flimsiest support for your asinine assertion that deregulation, as opposed to people living beyond their means on easy credit for many years, led to where we are now.

Come on, use Ctrl-F and type "deregulation" if you don't want to read the whole article. Not just financial, but for the other industries too. Look what it did for them then, and the megapowers they've become since they were let off the leash.

As for a flimsy link, here http://washingtonindependent.com/82632/clinton-faults-himself-for-financial-industry-deregulation

I don't disagree that people screwed themselves over and lived irrationally, that's not the debate. You said, and I paraphrase, that we need more deregulation to make the economy better. History has shown, as provided through the before-mentioned links, that while some deregulation makes for immediate fixes, it has horrible results down the road. In the above link, is a brief blurb, an admission by Clinton, that his financial deregulation led to the creation of megabanks like BoA, who have recently just pulled a fast one on the Fed itself that threatens the entire financial structure of the United States.

My point is simple, deregulation was the weapon that killed America, and the United States government was the one to pull the trigger.

And once again, manage to respond without sounding so immature with the personal attacks, as you state my view as "asinine". You make yourself look foolish. Converse like an adult.



The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey

http://www.thecarnivalofshadows.com 


mrstickball said:
The biggest problem I have with the protests is that the official 14-point plan is absolutely insane, and looks to of been written by a child with no understanding of economics.

That, and everything I've seen from the movement reeks of "gimme, gimme, gimme. Its YOUR fault and I am blameless!"

You want to reform student loans so that you can let them go bankrupt? Take that up with Barak Obama and the legislature, not Wall Street.

Speaking of Obama...

http://www.washingtonpost.com/politics/obama-has-more-cash-from-financial-sector-than-gop-hopefuls-combined-data-show/2011/10/18/gIQAX4rAyL_story.html



Kasz216 said:
mrstickball said:
The biggest problem I have with the protests is that the official 14-point plan is absolutely insane, and looks to of been written by a child with no understanding of economics.

That, and everything I've seen from the movement reeks of "gimme, gimme, gimme. Its YOUR fault and I am blameless!"

You want to reform student loans so that you can let them go bankrupt? Take that up with Barak Obama and the legislature, not Wall Street.

Speaking of Obama...

http://www.washingtonpost.com/politics/obama-has-more-cash-from-financial-sector-than-gop-hopefuls-combined-data-show/2011/10/18/gIQAX4rAyL_story.html

I guess that was all the "change" he collected from them. ;)



The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey

http://www.thecarnivalofshadows.com 


Raze said:
badgenome said:
Raze said:

That's where we differentiate, I suppose.  You seem to think that violence begins with the protesters, I see it as beginning with the police. Of course, to be entirely honest, I see protesting as a giant waste of time, and believe that if they want the CEOs attention, they'll follow them to their house and get their address and post it online for the world to know. Because you never know what maniac will go vigilante and hunt the greedy bastard down. Either way, it'll seriously diminish the CEOs quality of life, making them quicker to react and more willing to listen.  >=)

I support the movement and anger of the OWS protest, but this hippie/peace-loving crap will accomplish nothing.

 

Well then, take heart, little fella. Doug Schoen polled some OWS protesters and found that one-third of them are as in favor of using violence as you are.

=D Little fella? I was born in the 70s and I'm over 6'2

Let me clarify, I'm saying that peaceful protests accomplish nothing, especially when you're yelling at a bunch of mostly-soundproofed buildings.

@Kas - Interesting article, my solution is a complete revamp of the US gov't. That's the REAL source. Without the regulations from long ago in place, the big businessmen have nothing keeping them in line. Between the worthless oil wars, massive bailouts, freely giving billions in international aid, protecting bigwigs from prosecution, I feel justified in saying that the US government has failed the people, and that it's time to start anew.

I'm not calling for people to go start killing cops or CEOs, I'm calling for people to do something significant, instead of meditating in a park.

Between active , reserved and retired military, government milita forces and local police throughout the US, the combined amount equals to less than 1% of the US population. The US unemployment rate is 9% of the population. If HALF of the unemployed revolted, all of the defensive forces would be outnumbered by over 4 to 1. Combine that with the concept that a good portion of the  military - active, reserved and retired, would not side with the governing powers in case of a revolution or civil war.

What I'm saying is - be prepared. I can see the fuse is lit, doesn't take a clairvoyant to see that.

 

 

 


1)  You said you're not caling for people to start killing cops or CEO's.... then your very next sentence is about Killing cops and CEOS.

2)  Most of the Occupy Wallstreet movement is for international Aid.  Additionally, they're against things like the new natural gas drilling that will bring tons of jobs becuase it's not alternative energy... so half your reasons don't mesh with the movement.

3)  Thirdly, there were no Oil Wars.  Or if they were oil wars they sure were shitty ones, since before the invasion of Iraq most of the oil produced their went to Europe in the corrupt oil (and kickbacks to Un officials) for food (and banned items) program.

Now the majority of Iraq Oil and newly discovered natural resoruces goes to China.  Afghanistan oil production isn't really getting anywhere.

4)  Protecting Bigwigs from prosecution... if you mean Wallstreet, then no, they aren't.  Those who actually were guilty of crimes were punished, "Wallstreet criminals" is really nothing but a false labeling.

If you mean certain officials that have been accused of warcrimes.  I don't see how this hurts the average person.

5) There is no system of government free from lobbyist involvement, actually as far as political corruption goes we're very low on the scale because we have relativly small government compaired to most of the world.

Most of the shit that's "corruption" over here isn't even considered so in other countries. 



deskpro2k3 said:
10 students went into Chase bank to close their accounts, while they was walking out the bank, the security officers pulled them back in and arrested them until cops came to take them away.


There's a bit more to this newest urban legend:

There have been no reports of arrests of people for closing their accounts at any banks.There have been arrests made at a CitiBank branch in New York after protesters staged a demonstration inside the branch and then, as part of the demonstration, demanded their accounts be closed.

CitiBank has released this statement: "A large number of protesters entered our branch at 555 La Guardia Place around 2:00 PM today. They were very disruptive and refused to leave after being repeatedly asked, causing our staff to call 911. The Police asked the branch staff to close the branch until the protesters could be removed. Only one person asked to close an account and was accommodated."