Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Tuesday, October 04, 2011

"Occupy Wall Street"

Bumped to front page 10/5/11.

From the idiot Herman Cain: Courtesy of Think Progress.

CAIN: I don’t have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration. Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself! [...] It is not someone’s fault if they succeeded, it is someone’s fault if they failed.



No, Mr. Cain. It is corporate greed and Wall Street that did this to Americans. The unemployed need not apply is the current mantra for many companies that are actually hiring. Being unemployed is not a choice you stupid dirt bag. It's what has happened all across America thanks to corporations FIRING their workers and sending the jobs out of the country, along with closing down factories and FIRING the workers. All so the CEO's and shareholders can make more money by not having to pay living wages to AMERICANS. Dumb people like this is a true example of where we are going in this country, because a lot of people (with money) really believe this crap. And that is why I still feel there will be actual riots and violence in the future, by the have nots against the haves. "If you don't have a job and are not rich, blame yourself." That's a good one, Herman.


From AMERICAblog, entitled: "New York Observer: Exclusive "Occupy Wall Street" Unaired Fox Footage"



Great, articulate and spot on comments from a "protestor" filmed by Fox News that never saw the light of day on that network!

From Think Progress:

Workers Union is going to court today in hopes of blocking New York City from forcing bus drivers to transport any Occupy Wall Street protesters after the New York police department commandeered at least three buses to take many of the 700 protesters off the Brooklyn Bridge this weekend. Last week, the TWU voted to support the Occupy Wall Street movement and called the order to bus prisoners “a blatant act of political retaliation.” “TWU Local 100 supports the protesters on Wall Street and takes great offense that the mayor and NYPD have ordered operators to transport citizens who were exercising their constitutional right to protest — and shouldn’t have been arrested in the first place,” TWU President John Samuelsen said. Samuelson said that by instructing the drivers to follow the police directive, the Metropolitan Transit Authority violated its contract with the Local 100.
Earlier updates.

Credit: Ian Murphy's cell phone

LIBERTY SQUARE, NY--despite the early morning rain, morale is high. A reported 100,000 copies of The Occupied Wall Street Journal have just arrived. The young occupiers are busy handing out the four page broadsheet to curious passersby and the protest tourists, who linger on the outskirts of Zuccotti Park, snapping photos of signs and the occasional blue-haired hippie.
Again, H/T to C&L.

UPDATE 9/30/11:



Oh, and let's not forget the mantra "class warfare!" Let them eat cake (or in this case, drink champagne).



A picture is worth a thousand words.

It seems the movement is spreading; Video of Americans in Boston, courtesy of Think Progress.

The occupation of Wall Street appear to be organically spreading, as similar movements are popping up across the nation, in locations as varied as Chicago, Washington, D.C., and Los Angeles.



Donate here.

Courtesy of C&L:

Sept. 17 (Bloomberg) -- Wall Street firms will be the target of a nonviolent demonstration in which organizers say they want 20,000 people to participate with tents, kitchens and “peaceful barricades” in lower Manhattan.

Dubbed “#OccupyWallStreet,” the goal of the protest scheduled to start today is to get President Barack Obama to establish a commission to end “the influence money has over our representatives in Washington,” according to the website of Adbusters, a group promoting the demonstration. Organizers want participants to “occupy” the area for “a few months,” according to the website.

“People have a right to protest, and if they want to protest, we'll be happy to make sure they have locations to do it,” New York City Mayor Michael Bloomberg said Sept. 15 at a press conference. “As long as they do it where other people's rights are respected, this is the place where people can speak their minds, and that's what makes New York New York.”


Twitter feed.

Sunday, April 17, 2011

Why So Many Elites Are Pushing For A Depression

A very long and intellectually difficult piece to read, but it is well worth it if you wish to try to have an inkling of understanding as to why the Republicans and the corporate, financial and some private sectors are trying to purposely lower wages and keep people in America poor. H/T to Crooks and Liars.

JAY: Okay. Now, you said because they realize the game is over. Why is the game over? And which game?

HUDSON: For the time being, the ability to pay debts. They realize that a debt that can't be paid won't be. The economy is so deeply in debt one-third of American real estate has mortgages in excess of its market price. So the Federal Reserve has come right out and said what we need is a reinflation. We need to restore the bubble economy. We need to push housing prices back up so that labor has to go into a lifetime of debt in order to afford access to housing.

Now, you say, quite correctly, "But this is going to prevent labor from buying the goods and services." That's Say's law. But Alan Greenspan explained this very clearly a decade ago. He said there's something wonderful about debt: it's cured the labor problem. The workers are now one paycheck away from homelessness. If they go on strike or if they're fired because they complain about working conditions, all of a sudden their interest rate goes up on their credit card, all of a sudden they miss their mortgage payment, they re losing their home. Alan Greenspan said debt is what has created stability of wages in this country, meaning steadily falling wages.

In America, despite the amazing rise in productivity we ve had in the last 30 years, real wages have actually gone down. All of the increase in productivity has been taken by the finance, insurance, and real estate sector, called the FIRE sector, almost all of it by the financial sector. So all of this growth has been siphoned off, not taking the form of rising living standards, but taking the form of debt service, mainly interest and fees. The fees are as large as interest for the credit card companies. So it's all siphoned off financially.

Friday, November 06, 2009

Forget The Dwindling Supply Of Swine Flu Vaccine, If You Are On Wall Street Or Play Professional Sports, You Step To The Front Of The Line

WTF? There is already an uproar over the shortage of H1N1 vaccine, but now those most in need have to take a back seat to Wall Street and professional athletes??????????????

5 Nov 2009 // Washington, D.C. – Today, Citizens for Responsibility and Ethics in Washington (CREW) asked Health and Human Service (HHS) Secretary Kathleen Sebelius to investigate why the Center for Disease Control (CDC) approved the distribution of the H1NI vaccine to Wall Street firms at a time when the vaccine is unavailable to most Americans. Recent news reports indicate 13 companies, including Citigroup, Goldman Sachs, JP Morgan Chase and Time Warner, have been cleared to receive the vaccine.

TORONTO - Ontario health minister Deb Matthews vowed Thursday to investigate whether Toronto’s NBA and NHL players jumped the line for the swine flu shot while other groups are being forced to wait as the province’s supply dwindles.

What is wrong with the world?

We are truly in the time of the rich for the rich, and fuck the rest of the people. This is just too unbelievable. First off, I don't give a rat's ass if anyone on Wall Street comes down with the swine flu. And that goes for any professional athlete. Who the fuck do these people think they are, GOD?

Get in line, you mother fuckers.

Now I don't feel so bad about NOT renewing Center Ice. Screw hockey and the players. Not a dime going to them again, ever. And as for basketball, hey, I never really gave a shit about that sport either.

As for Wall Street, do I look like I am dumb? I never invested, never will, and I did not lose MY shirt when things came crashing down.

Yeah, you all laughed at my mattress for a bank theory ... who's laughing at me now?

H/T to AMERICAblog for this revelation.