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"irresponsible decisions" is quite a funny term for the tea party. the tea party is pushing the exact opposite of that. i guess we choose to ignore the predicament of europe where spending has put them in a situation of near collapse.
the message is communism. you say its "to address the blah blah" but the way they wish to address the blah blah is with communism. so thats it.
the people in the street protesting are just that. they will never "go away." as long as you have dirty pot smoking college kids, loser high school kids and various hippy adults; you will have protesters. but they wont cause any mainstream issues, because they arent a mainstream group. the tea party is.
i don't know where in god's name you've made the leap to communism. i mean, now you've stopped saying socialism, and have taken to the term communism. you really watch entirely too much FOX and listen to too much Rush.
i love how when it's a liberal leaning idea, the protestors are dirty pot smoking college kids, loser high school kids, and hippy adults. but when it's something that lines up with your conservative views, it's highly educated individuals who are pushing responsible decisions (like the U.S. defaulting on it's debt, raising the cost of borrowing for us, further crippling our economy).
but ignore how the financial world works, and keep thinking in that head of yours that the "Tea Party" is fighting the good fight. Who's the flavor of the day now that Christie has announced for the 20th time he's not running? you guys are hilarious.
i'll take the intelligent person who likely went on to succeed in life or the dumb jock who couldn't finish college any day. i think that's an accurate depiction of the tea party. good job!
they dont have to hold a gun to people's heads to force someone to do something. this is the government and the other side is businesses. all government needs to do is convince businesses that the cost of additional regulation, oversight, investigations, subpoenas, bad press, etc. will hurt their bottom lines more than following through with what the government wants.
the government can also offer an implied guarantee of protection so that the banks can make lots of money and if things go sour, they can turn to the government for a bailout.
really, how do you convince banks to take on excessively risky loans? you protect them from the losses. government got us into this mess. also, fannie may not have had more than half of the subprime debt, but that had a huge chunk. when private entities see a government entity getting away with it, its basically giving the private entities a green light.
so the general mantra from your people is that if an individual got into a mess, it's their own fault, and they should get out of it on their own. but when a company gets into a mess, they surely only got into it because the government forced them to, either by bullying them with the threat of future imaginary regulations or by hanging some sort of "implied" guarantee in front of their faces. yeah - that sounds like the argument of a dumb jock. good job!
yes, an article written by a man who hates any environmental movement, is a vocal critic of Islam, and also of global warming. surely, that's a solid piece of journalism. especially when he starts off by admitting he's paid little attention to it, but then characterizes all of the protestors as a class of people, when he hasn't really followed it. thanks for that fantastically useless read!
You do realize that the Wall Street protestors are prob college kids or people who are unemployed. Not mommy's from Chatham looking for an afternoon off from their kids.
BTW...The older generation you're talking about gave you the freedom to protest. Never forget that.
"are probably". based on the expert opinions of the people on here who have not seen them, constantly post hard-line conservative ideals, and are clearly never biased.
we'll take your word for it i guess! we'll just ignore what our eyes have told us.
Nope, talking about what's known as the Greatest Generation....WWII.
the greatest generation saddled us with a bunch of unpaid for entitlement spending that they've reaped the benefits from their entire lives. the constitution gave us the right to protest, not WWII. they helped defend that right. thanks for the non-history lesson though.
Read up on the Community Reinvestment Act, banks were forced to give loans to low income risky people.
For starters look at the EPA and it's war on the Coal Industry.
As for the unemployment rate? 6 months before Bush left office it was 5%, after the crash and Bush left office a few months later it was 7%, under Obama the conservative rate is 9.1% and underemployment about 16%, but no doubt the real numbers are over 10% and 20% respectively, and the crash was caused by sub-prime mortgages.
Massachusetts Healthcare isn't doing fine at all, Medicaid has increased in Massachusetts, who do you think bears the burden of that? costs have increased, 5 years ago Medicaid spending was around 1 billion dollars, today it's almost 2 billion dollars, again, who's paying for that? and look at the subsidies that the State is paying, and of course as we see now with Obamacare, Employers are dropping coverage for their Employees, in effect people are becoming more dependent on Government.
a majority of subprime loans linked to the 2008 financial crisis were originated by lenders which are not regulated by the CRA, so no, that's not how it happened. Banks were forced to not discriminate in lending, and give fair terms. as another example, in 2009 55% of commercial loans were underwater, and these loans have no association to CRA at all. virtually all legal and financial experts have spoken, and have indicated that the CRA loans tend to be safe and profitable, while the non-CRA loans are often of the subprime stature. but keep buying into that garbage. i have a bridge to sell you, give me a call.
and the unemployment rate? come on. if you think that Obama taking office caused the bleeding of enough jobs within 2 months to increase it to 7%, without having been effected in any way by the prior 8 years of policy decision, 6 of which was a republican controlled congress, then you're either ignorant or biased.
mass. healthcare costs have risen 1%, and virtually everyone in the state is covered. i'd say that's pretty damn good.
what's happening in Greece and very few parts of Europe is happening to economies that do not have diverse industries and do not have reliable exports. If you want to compare the U.S. economy to a Eurozone, compare it to Germany, which is doing well even while they are shouldering the burden of some of the poorly managed Eurzone countries.
greece's retirement age is almost a decade sooner than ours. their pension benefits from the government are exponentially larger than our social security program and medicaid program. and they have huge issues with collecting tax revenues.
no it doesn't sound familiar, because we still have money to fund social security, and fixing the future issues of the program are relatively minor financial moves or tax moves. our property taxes are high because NJ has gone down a road of very high level of service, in both public schooling, county services, and state services. we haven't funded pension payments in over a decade, so don't kid yourself into thinking that's part of our high property taxes.
i personally don't know anyone who believes they are owed a job or owed a college education. but feel free to introduce me to one. i live in west orange, and would be happy to travel to meet your real life examples.
i think you'll be shocked i guess, as you watch this movement spreading to other cities, big and small, across the country. people are fed up. middle class people are tired of being told that we need to be at historically low tax rates, and go even lower, or otherwise, the great "job creators" won't do anything for us. well, that class of people is going to start losing power. and they'll cling to anything from calling people communists to criticizing people that can afford an ipod (less than $100) and dismissing them as hypocrites.
Guess what? We can buy products and still believe that the country is not headed in the right direction when large corporations and wealthy individuals control virtually all of the politicians. that includes powerful lobbyist groups such as the UAW and Teamsters.
a majority of americans don't believe that you're using the term class warfare appropriately. asking people to roll back to the tax rates that existed during the prosperous 90s is not class warfare. but asking people to give up many of the services that have helped build our country into one of the greatest in the world is.
again - amazing that you guys don't realize, just because some of us are of good means doesn't mean we've tossed our morals out the window.
a majority of americans don't believe that you're using the term class warfare appropriately. asking people to roll back to the tax rates that existed during the prosperous 90s is not class warfare. but asking people to give up many of the services that have helped build our country into one of the greatest in the world is.
I do not want these services. I want lower taxes. I want less or no regulation in most areas of life. I do not want any form of government health care. I do not want social security, I'll take care of it myself. I do not want redistribution of wealth in any way, shape, or form. It is not a crime to be competent. And it should not be penalized.
There are no classes. Only individuals. And the individuals "protesting" on Wall St are simply misguided and looking for answers in the wrong place. The correct place? Look inward and figure out how to solve your individual problem. Do not go to Wall St demanding new forms of statism and new forms of collectivism. Collectivist tyranny got us into this mess in the first place. The only way out is removal of government from all the roles it has no business fulfilling, and a return to emphasis on the rights and responsibilities of the individual.
Lower taxes. Less regulation. Individuals thinking for themselves and solving their own problems.
You want to protest? Protest your own incompetence. And do something to change it that does not involve sacrificing your fellow man.
so the general mantra from your people is that if an individual got into a mess, it's their own fault, and they should get out of it on their own. but when a company gets into a mess, they surely only got into it because the government forced them to, either by bullying them with the threat of future imaginary regulations or by hanging some sort of "implied" guarantee in front of their faces. yeah - that sounds like the argument of a dumb jock. good job!
what mess did the companies get themselves into? they gave loands, were protected by the government, when things went south, the government came through with their guarantee. the big banks have paid back the money they were loaned through TARP.
i dont support the idea of the government's guarantee because that created a situation where banks could make money without the risk. banks shouldnt have loaned those people the money to begin with. but thats not the banks fault, they were protected.
I do not want these services. I want lower taxes. I want less or no regulation in most areas of life. I do not want any form of government health care. I do not want social security, I'll take care of it myself. I do not want redistribution of wealth in any way, shape, or form. It is not a crime to be competent. And it should not be penalized.
There are no classes. Only individuals. And the individuals "protesting" on Wall St are simply misguided and looking for answers in the wrong place. The correct place? Look inward and figure out how to solve your individual problem. Do not go to Wall St demanding new forms of statism and new forms of collectivism. Collectivist tyranny got us into this mess in the first place. The only way out is removal of government from all the roles it has no business fulfilling, and a return to emphasis on the rights and responsibilities of the individual.
Lower taxes. Less regulation. Individuals thinking for themselves and solving their own problems.
You want to protest? Protest your own incompetence. And do something to change it that does not involve sacrificing your fellow man.
I don't even know where to begin. It is not always as simple as "get a job". I had a job working in a warehouse that barely made ends meet. Went to state college, and I took out government backed student loans to do so. My earnings increased $15,000 a year right off the bat after graduating. Total cost of the loans to me is $23,000.
Government is going to be making money off the loans they gave me (6.8% interest rate), and beyond that, I am gonna be paying more taxes every year due to my higher earning capacity. I am happy to pay because i successfully improved my situation and in the long run, it is not much. Win win situation.
The resources need to be out there for people to improve themselves. not saying it is perfect, and a lot of it is a waste of money, but a lot of it is very good, useful stuff at the same time.
Last edited by GiantRutgersfan; 10-05-2011 at 08:20 AM..
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