Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,452,480 times
Reputation: 6670
Advertisements
Quote:
Originally Posted by Don9
The protests in NY and starting next week has very little to do with right wingers or the Tea Party. This is all about the "change" in society and government that the progressive liberals have been moving towards over the past few decades. We are getting to the final phases of the transition.
If it has so little to do with them, then why are they working so hard at standing in the way?
The unions, movie stars, and other progressive organizations have joined the fray because by Day 11 the protesters got the eye of the MSM.
http://www.crainsnewyork.com/article...NOMY/310029971
All of that has enabled them not just to sustain the action but also to build momentum, with celebrities Michael Moore, Susan Sarandon, Russell Simmons and Cornel West joining the action. The protest's growth essentially compelled the city's traditional rabble-rousers to follow the crowd.
Some of the biggest players in organized labor are involved in planning for Wednesday's demonstration, either directly or through coalitions. The United Federation of Teachers, 32BJ SEIU, 1199 SEIU, Workers United, Transport Workers Union Local 100 and the Communications Workers of America are all expected to participate. The Working Families Party is helping to organize the march, and MoveOn.org is expected to mobilize its extensive online regional networks to drum up support.
And I suppose that taxes are the only issue, right?
I'm sure that these people would love the opportunity to work and pay taxes as would the millions of people currently unemployed and looking for work in this country.
And I have disagree that all of the TEA folks are in 'tune' with what's actually the problem. From what I've seen, the majority of them are long retired and are more concerned with keeping government out of their medicare than they are with the current state of employment in this country.
And conveniently many of those allegedly 'in tune', like so many in this thread, forget that the major bailouts occurred during the last administration.
Of course, the current administration has continued those policies, and that is what many are protesting.
Now, I can see how some would find it illogical that people would protest the policies of the guy they voted for, but, some of us are not so blind as to lay the blame at the feet of only one party or one administration.
As for what they've 'won' - only those with the narrowest of perceptions regarding how much (read 'how little') Obama has actually done to fullfill his campaign promises would consider any of those things listed above a 'win.'
No one is saying the Bush administrating was not part of the problem. The last election kicked out incumbent democrats and republicans. The Bush administration waited too long to try and stop the housing bubble and when they did try they got pounded by the democrats protecting Freddie and Fannie. Also, the bank bailouts under Bush were done after Obama was elected but before he took office and it was Obama's people like Tim Geithner who masterminded the bailouts.
Actually, it was Fannie & Freddie and the Community Reinvestment Act.
Actually it was people not paying their mortgages that caused the crash.
Interest rates went up..ARMs could not be refinanced, higher payments kicked in for the masses and people stopped paying.
The banks had no liability for the loans they gave out. It was a money making machine for them to sell bad assets. This is the reason why they gave money willingly.
Huh? If I am a bank lender why would I give a loan to someone who is at risk of defaulting? Perhaps, it was due to the fact that the Community Reinvestment Act and Fannie/Freddie mandated that banks allocate a certain portion of their loans to subprime borrowers. Also, who stepped in and volunteered to absorb those "bad assets" that you mentioned? Thats right... Fannie and Freddie
Actually, it was Fannie & Freddie and the Community Reinvestment Act.
Yep but they just played a part ... it also included the big investment banks and Wall Street that created mortgage backed securities out of the loans and sold them as AAA investments around the world. Don't forget the credit default swaps that insured the bad investments.
Another point is this huge scandal of corruption that sucked the money out of tax payers was not limited to the USA. This same scandal occurred throughout the world and the cause behind the EU collapse.
Huh? If I am a bank lender why would I give a loan to someone who is at risk of defaulting? Perhaps, it was due to the fact that the Community Reinvestment Act and Fannie/Freddie mandated that banks allocate a certain portion of their loans to subprime borrowers. Also, who stepped in and volunteered to absorb those "bad assets" that you mentioned? Thats right... Fannie and Freddie
Who really absorbs the bad loans through FHA, Freddie and Fannie ... the TAX PAYERS.
Liberals love nothing more than a good protest. I wonder if any of them know what the protest is about? Think about how happy they will be when we have a republican president in 2013. They can put the tie-dye back on, dust off the placards, and get back to raising hell. Do any of these people actually work?
Hell yeah! Why can't they just be obedient sucka$$ses like the Righties! Shut up and do as they're told.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
