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Thank-you, Herbert:Progressive economic policies fail every time, no matter the size or scope of the city, state or nation that applies them
"President Hoover steadfastly refused to entertain federal aid, fearing national responsibility more than he feared national unemployment and destitution.
"In a nationwide radio address on October 18, 1931, he said: 'No governmental action, no economic doctrine, no economic plan or project can replace that God-imposed responsibility of the individual man and woman to their neighbors.'"
Bevis Longstreth: Works Progress Administration II
Stop being afraid.
Did Bankers earn their 16 Trillion in bailouts by hard work ethic, no laziness and good morals?
I don't think so.
The Fed Audit - Newsroom: Bernie Sanders - U.S. Senator for Vermont
Did Bankers earn their 16 Trillion in bailouts by hard work ethic, no laziness and good morals?
I don't think so.
The Fed Audit - Newsroom: Bernie Sanders - U.S. Senator for Vermont
Remind me again where in the Constitution does it say the US Government is supposed to guarantee deposits?
Remind me again why it's "class war" for middle and lower class people to throw a fit about funnelling 16 trillion to all the fat cats
Remind me again why it's "class war" for middle and lower class people to throw a fit about funnelling 16 trillion to all the fat cats
In all fairness, the claims of "class war" are not so much levied at those that are upset about bailouts. It is however against those that want MORE bailouts and MORE tax dollars directed towards their income class.
Here's a partial list of 1% suspects and an opportunity for you to cast a vote for your favorite parasite:
"In just the last generation, the richest 1% almost quadrupled their incomes.
"The average wealth of the 1% is 225 times bigger than the wealth of the typical household the highest its ever been..."
"Last year, half of Americans earned less than $26,000 while CEOs at top 500 companies raked in an average of $11 million.
"Over the past decade, earnings for middle-class Americans actually fell. In fact, working Americans wages are now a lower percentage of our economy than theyve ever been..."
"The 1% is not an accident it is the result of policies our government chose to pursue."
Who Are The 1%? Vote on it now.
False choices. The answer is crony politicians.
Regarding differences in wealth among Americans, tell us, specifically please, how has a guy that makes enough to put him in the top 1% (around $350,000) done anything to cause someone else to make less? Did he take his income from poor and middle class people or are you pissed simply because he hasn't had enough of his wealth taken away and given to others? It's a big difference.
Did Bankers earn their 16 Trillion in bailouts by hard work ethic, no laziness and good morals?
I don't think so.
The Fed Audit - Newsroom: Bernie Sanders - U.S. Senator for Vermont
Remind me again where in the Constitution does it say the US Government is supposed to guarantee deposits?
Did Bankers earn their 16 Trillion in bailouts by hard work ethic, no laziness and good morals?
I don't think so.
The Fed Audit - Newsroom: Bernie Sanders - U.S. Senator for Vermont
Remind me again where in the Constitution does it say the US Government is supposed to guarantee deposits?
Remind me again why it's "class war" for middle and lower class people to throw a fit about funnelling 16 trillion to all the fat cats
Here's a partial list of 1% suspects and an opportunity for you to cast a vote for your favorite parasite:
"In just the last generation, the richest 1% almost quadrupled their incomes.
"The average wealth of the 1% is 225 times bigger than the wealth of the typical household the highest its ever been..."
"Last year, half of Americans earned less than $26,000 while CEOs at top 500 companies raked in an average of $11 million.
"Over the past decade, earnings for middle-class Americans actually fell. In fact, working Americans wages are now a lower percentage of our economy than theyve ever been..."
"The 1% is not an accident it is the result of policies our government chose to pursue."
Who Are The 1%? Vote on it now.
False choices. The answer is crony politicians.
Regarding differences in wealth among Americans, tell us, specifically please, how has a guy that makes enough to put him in the top 1% (around $350,000) done anything to cause someone else to make less? Did he take his income from poor and middle class people or are you pissed simply because he hasn't had enough of his wealth taken away and given to others? It's a big difference.Ah, yes.....let's talk about fair-compensation, fuckin'-up....and, it's impact on the bottom-line.
Unless we vote a variety of different third party choices in 2012Right now I would say Congress. I just heard about at book called Throw them all out.
The author discussed all of the insider trading representatives of Congress has done. Including Nancey Pelosi with the VISA scandel and John Benner with similar stock purchase to unjustly enrich themselve. Futhermore, there is a chapter in the book about Soylindra and Obama giving the company a half of a billion dollars because they donated to his election fund back in 2008.
I am so disgusted congress right now. I feel like they just stabbed me in the back again!
They say there is no money for schools, hospitals, and redevolopment public works jobs, when actually they are sitting in communites with corporate owners who pay them off by allowing them to buy shares at a cut rate deals (unlike the rest of us) then turn around not pass any reform law and make huge profits---they call this a democracy?
OWS is trying to make a difference---bring awareness to the peole. What other options do the people have. Vote? Vote for the same liars the theives that got us here in the first place by not representing the people and lining their pockets with big money while our schools are closing. This is BS!
Were dammed if we do and were dammed if we don't!
I'm guessing most of those who earn $350,000 a year do it by working 80+ hours a week.Here's a partial list of 1% suspects and an opportunity for you to cast a vote for your favorite parasite:
"In just the last generation, the richest 1% almost quadrupled their incomes.
"The average wealth of the 1% is 225 times bigger than the wealth of the typical household the highest its ever been..."
"Last year, half of Americans earned less than $26,000 while CEOs at top 500 companies raked in an average of $11 million.
"Over the past decade, earnings for middle-class Americans actually fell. In fact, working Americans wages are now a lower percentage of our economy than theyve ever been..."
"The 1% is not an accident it is the result of policies our government chose to pursue."
Who Are The 1%? Vote on it now.
False choices. The answer is crony politicians.
Regarding differences in wealth among Americans, tell us, specifically please, how has a guy that makes enough to put him in the top 1% (around $350,000) done anything to cause someone else to make less? Did he take his income from poor and middle class people or are you pissed simply because he hasn't had enough of his wealth taken away and given to others? It's a big difference.
"Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. 'No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president,' Sanders said."Did Bankers earn their 16 Trillion in bailouts by hard work ethic, no laziness and good morals?
I don't think so.
The Fed Audit - Newsroom: Bernie Sanders - U.S. Senator for Vermont
I'm guessing most of those who earn $350,000 a year do it by working 80+ hours a week.Here's a partial list of 1% suspects and an opportunity for you to cast a vote for your favorite parasite:
"In just the last generation, the richest 1% almost quadrupled their incomes.
"The average wealth of the 1% is 225 times bigger than the wealth of the typical household the highest its ever been..."
"Last year, half of Americans earned less than $26,000 while CEOs at top 500 companies raked in an average of $11 million.
"Over the past decade, earnings for middle-class Americans actually fell. In fact, working Americans wages are now a lower percentage of our economy than theyve ever been..."
"The 1% is not an accident it is the result of policies our government chose to pursue."
Who Are The 1%? Vote on it now.
False choices. The answer is crony politicians.
Regarding differences in wealth among Americans, tell us, specifically please, how has a guy that makes enough to put him in the top 1% (around $350,000) done anything to cause someone else to make less? Did he take his income from poor and middle class people or are you pissed simply because he hasn't had enough of his wealth taken away and given to others? It's a big difference.
I think that's why Democrats and Republicans put small business owners in the same tax bracket as those earning $35,000,000 a year of $350,000,000 a year.
Hands down, the hardest workers I met during my 45 years in the workforce were mostly owners of small businesses. There are others, however, who earn $350,000 in a month and do so by making others earn less income in the present or pay more taxes in the future.
G.T.'s link to Bernie Sander's report on the Fed audit has some relevant evidence, imho:
"The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression..."
"The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.
"For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs."
The Fed Audit - Newsroom: Bernie Sanders - U.S. Senator for Vermont
Actually, you're wrong. Again."Overly greedy people and fucking lazy bastards" don't have equal influence on the US economy:Why do you constantly try to blame people for your failure?
Why is it either the OWS or the 1% that are responsible?
Why not both?
Overly greedy people, and fucking lazy bastards... we, as a nation, would be better off without either.
"Conditions are without precedent since World War II, depicting the worst labor market crisis since the Great Depression. In October, there were 13.2 million more unemployed workers than job openings, or 6.3 seekers for each available job.
"This compares to a ratio of 1.8 to 1 at the beginning of the GR in December 2007. Some sectors, of course, are much worse. In construction, the ratio is 18 to 1. And 40 million Americans -- one in eight -- are on food stamps."
6.3 job seekers for every job can't be entirely attributed to lazy workers.
It can be partially explained by the outsourcing of millions of US jobs to China which enhanced the net worth of a few overly greedy Americans.
Bevis Longstreth: Works Progress Administration II
Actually, you're right. The lazy bastards have far more impact than the evil 1%ers. I don't have to pay for the 1% but I do for the lazy bastards.
Again, the problem with the US... people like you.
A productive capitalist earning $350,000 a year or more isn't doing anything to cause someone else to earn less. There seems to be a large divide today between productive capital and much of the US investor class.I'm guessing most of those who earn $350,000 a year do it by working 80+ hours a week.False choices. The answer is crony politicians.
Regarding differences in wealth among Americans, tell us, specifically please, how has a guy that makes enough to put him in the top 1% (around $350,000) done anything to cause someone else to make less? Did he take his income from poor and middle class people or are you pissed simply because he hasn't had enough of his wealth taken away and given to others? It's a big difference.
I think that's why Democrats and Republicans put small business owners in the same tax bracket as those earning $35,000,000 a year of $350,000,000 a year.
Hands down, the hardest workers I met during my 45 years in the workforce were mostly owners of small businesses. There are others, however, who earn $350,000 in a month and do so by making others earn less income in the present or pay more taxes in the future.
G.T.'s link to Bernie Sander's report on the Fed audit has some relevant evidence, imho:
"The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression..."
"The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.
"For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs."
The Fed Audit - Newsroom: Bernie Sanders - U.S. Senator for Vermont
Then we agree, end the bailouts. Perhaps we also agree that we should end the Fed, I'm not sure. However, you have not provided evidence to refute my question. Outside of crony government intervention (aka bailouts, favorable regulations, etc) how has a guy that makes enough to put him in the top 1% done anything to cause someone else to make less? The answer is that the rich guy did not do anything to cause someone else to make less, only a politician or regulator can do that. So again, I don't understand why your ire is directed towards Wall Street and not Congress.
