Skip to comments.Editorial: What's Behind The Bank Protests?
Posted on 10/06/2011 4:15:28 PM PDT by Kaslin
Socialism: The mob assaults against our banking system by unemployed leftists and their political allies are part of a larger strategy to control the commanding heights of our economy. And we'll all be much poorer for it.
The White House has thrown in with the anticapitalism crowd, and banks had better watch out. You only had to hear President Obama's cynical, politicized expressions of sympathy for the unwashed legions "occupying" Wall Street this week to be worried.
"Not only did the financial sector, with the Republican Party in Congress, fight us every step of the way," Obama said at his news conference Thursday. "But now you've got these same folks arguing we should roll back all those reforms and go back to the way it was."
But no criticism of the demonstrators.
In fact, added Treasury Secretary Tim Geithner, "We are going to push back harder," making what sounds like a fairly explicit threat against the banks.
Welcome to class warfare, 2011-style. Obama's ratings have never been lower, and administration policies leading to a dead-in-the-water economy with 9%-plus unemployment are incredibly unpopular.
So he must think his only hope for re-election is to somehow tie the GOP to fat-cat bankers on Wall Street and then convince voters that the banks are to blame for all their ills.
Sound cynical? It is. But this is what Obama and the Democrats are doing. They've even put out a video: "Republicans: On the Side of Wall Street, not Consumers."
(Excerpt) Read more at investors.com ...
Anarchists, Communists, Idiots.
These little twat's want it handed to them on a silver platter.
Funny thing is, for how educated they supposedly are, their damn stupid to history as well as current events; and they will KEEP voting Democrat.
No pity for them what so ever.
This lackless loser is trying to sling diahherea against a teflon lined wall and use it as white wash.
Crap keeps falling to the ground and he is going to develop bursitis throwing all that Shiite around.
“This is happening due to leftist causes.”
This is happening because the American Dream is dead, and our way of life has been sold to the highest bidder. Call it what you want, you ignore these people, and more importantly the mood, at your own peril. I live very close to this area, but wouldn’t join the protests; while there are individuals present that disgust me, I know many of these people are not my enemies. As I said in another post, many of them are the Americans that used to work the jobs in those office building that are currently being done by imported foreigners.
I see Viking Kitties in your future.
So far I’ve learned that even revolutionaries have to go to the bathroom.
O’bummer is just looking for a way...not...to let a serious crisis go to waste. Just as others are trying to spin the protest to their liking.
If it weren’t for such a mix (different types) of protestors it would be easier to make claims i.e. radicals, socialists and marxists, nut jobs. When the soccer moms show up and the CEOs of companies then that will be a real problem.
“Maybe we wouldnt have all these problems if more people hit the books instead of going into debt in order to major in some politically correct bogus degree. Chinese moms are math moms, not soccer moms. Thats why they have a future and we are left with all the crumbs.”
You know many of these people have financial backgrounds; education is no defense against having Asian slaves brought in to do your work for a fraction of the cost. Chinese moms are robots only permitted to breed once; without Western intervention and sell-out governments they’d still be working as beasts of burden trying to feed a billion people with inefficient farming methods.
Red China has no future; that is why the slaves are more than happy to come here (even locked in a shipping container).
No major is “in fashion”; when American workers can command a decent salary, every effort is made to dump them in favor of a cheap alternative. When it takes years to get a degree or certificate, there is simply no way to stay ahead of the steamroller.
I guess you’re right; they had it coming, and should be ignored. That reminds me of John McCain...
“I see Viking Kitties in your future.”
Nice adult discussion.
There isn't one problem that you have described that cannot be laid at the feet of leftist policies yet you spout the dem meme of blaming on the Corporations. (Who in many cases are run by leftist)
I'll take your advice and call it what it is....troll.
You spout their talking points all too well.
They will support him now because he is in office, if the GOP can mount a big enough threat, the money will dry up. They are donating to him now, because they think he may win again.
American dream is dead?? What in the f&ck are you talking about you communist idiot? The American dream is alive and well, the American worker just needs the federal government to get it’s boot off of their collective necks.
Go peddle your Marxism elsewhere.
What some of these people will not admit, is most private sector wages have been totally stagnate for a decade...If they still have jobs...College educations mean little anymore when they can get foreign college educated for much less.
Wages for the past decade are simply sad joke, totally stagnate, not keeping up with skyrocketing prices....
Phony employer incentives, fraudulent unobtainable commissions, and prizes in lieu of deserved raises. Millions others lost their careers, and all medical benefits...
They've been laid to waste.
When you said most workers today are screwed, you're not joking....Today's workplace is a meat grinder, where good employees are just dumped in mass like yesterdays trash.
Those how think these are all some kind of Communist, are not paying attention or are totally detached from reality.
You're very knowledgeable about this stuff, wideawake. Anything to add?
“Red China has no future; that is why the slaves are more than happy to come here”
I’m talking about all kinds of Asians. Japan, Singapore, Chinese in America, etc. Most non-Asian Americans just don’t care about education, especially math and science, and that has to change.
Now, here’s a guy who grew up in the segregated south, majored in math and computer science and worked his way up by cleaning toilets and flipping burgers. He wasn’t looking for excuses.
You obviously don’t live in the northeast; it gets worse here every day, with nobody proposing any solutions. I detest communists, but am not so ignorant as to underestimate them and their appeal to desperate people.
Do you think that the root cause is greed? Liberal entitlement mentality? What?
I believe that we’ve lost our way due to liberal ideology and I have a hard time feeling sorry for folks who bring consequences like this on themselves.
I’m self sufficient with or without money. I make my own way. Why should I feel an obligation to a group that has been too dumb to understand the consequences of their own selfish actions? Consequences they’ve been warned about.
Did people really think that a society that allows the murder of babies would succeed? Did they really think that accepting homosexuality would make things better? That open borders is a good idea? That religion could be discarded without consequence? Fools. What did they expect?
It’s class warfare... we fight their hysteria with facts. They’ll hate that...
“Those how think these are all some kind of Communist, are not paying attention or are totally detached from reality.”
You’re right, but I’m getting flamed for even suggesting something’s wrong. I live in northern NJ, and things are bad here; they haven’t even repaired many roads after last winter’s damage, and we’re getting ready for another winter...
Oh come now..
Ya think fatcorps taking tens of hundreds of thousands of jobs to Mexico and Communist countries are honorable and are doing so for their efficiency? No, it's because they work for dirt cheap, they pay little taxes, get around the regs and their new workers think company benefits mean at 10 minute break...
“Most non-Asian Americans just dont care about education, especially math and science, and that has to change.
Now, heres a guy who grew up in the segregated south, majored in math and computer science and worked his way up by cleaning toilets and flipping burgers. He wasnt looking for excuses.”
Couldn’t agree with you more in terms of Americans and their education; I also think a second language (any language, as long as it has a practical application) doesn’t hurt. I was a janitor for years in high school & college; it certainly kept me focused & doing my homework. I just think a lot of people who worked just as hard have been unemployed for some time now; the jobs math just doesn’t work out in terms of positions available and qualified applicants.
A hundred years of creeping socialism eventually turns in to equal misery for all.
Here, go read this and you’ll see what is really happening:
Flood the GD country with 30 million low wage illegal aliens how have driving down the wages in entire industries...
He has lost independents... he has lost women... he has lost much of his white guilt support... pain is more powerful than PC... and Americans just do not like him any longer. He will get the black vote and the gay vote and the leftist of all flavors vote... but it will not be enough for him to even show... unless... the republican blue blood elite get their man romney in the catbird seat... then many sit out the election and obama wins in a landslide. That is what you should be concerned about IMHO.
Greed is the root cause of most misery; entitlement mentalities make it worse. You don’t have to feel any obligation to anyone; you just can’t pretend that they’re not there (or that they don’t vote) - that was McCain’s lesson in 2008. As far as warnings, nobody plainly stated the fact that no matter what you study or skills you obtain, forces are constantly at work to have this done by someone who will live 10 to an apartment eating meat once a week. I’m still working, and keeping current on my bills; I can’t pretend that others are so lucky (and yes, luck has plenty to do with it).
I agree with you on the morality issue, but don’t see a direct correlation; in fact, many of the most evil people can be financially successful. The punishment is due in the afterlife, though sometimes it comes a bit early.
“Ya think fatcorps taking tens of hundreds of thousands of jobs to Mexico and Communist countries are honorable and are doing so for their efficiency? “
Nope. Honor has nothing to do with it. Where, in society today, is honor instilled?
Having a baby inconvenient? Kill it.
Feel like you don’t get enough? Steal.
Don’t feel like working? Don’t, collect a check.
Don’t like the results of your own actions? Blame everyone else.
This garbage is not only common, it’s accepted.
Cause and effect.
Where? In the State-Run-Media? That's gonna get about as much air-time as all the Tea Party events, all the Clinton Impeachment events by Patriots, etc.
The Internet is the ONLY place you can find the truth, and you gotta dig it out. Those nightly "NEWS" watchers, indoctrinated youth, and the Socialist wannabe's all watch the State Run Media and listen as if it's true....that's what got us here.
Obama won’t win in a landslide if Mitty gets the R nomination.
His win will look like this:
Tea Party 21%
A Clintonian plurality like 1992.
“A hundred years of creeping socialism eventually turns in to equal misery for all. Leave NJ.”
Most of us are trying to; we can’t sell our homes. Never mind “at the right price”; nobody wants homes where you pay almost a thousand dollars a month in property taxes alone while the remaining jobs available pay $10/hour.
“The punishment is due in the afterlife, though sometimes it comes a bit early.”
Agreed. Here we are, I think.
Nope. Honor has nothing to do with it.
Of course not, their doing it to maximize their profits on the backs of Americans...Did you think free trade improved the American economy?
Ya think off shoring millions of jobs, while flooding the U.S. with tens of millions of low wage illegals is a benefit to America?
I understand there are people who would like to be seen as “leading” this, but I’m quite sure Obama is losing more votes with every passing day here (he already was anyway). I don’t doubt that there are some downright nasty un-American elements involved in this, and that number is growing steadily, but you should compare the original demonstration with what it has morphed into.
In any event, the environment in which this is happening bears examination; it shouldn’t be ignored.
I wish freepers sometimes would stop being dogmatic and step back and think. I develop much of my philosophy while I was in the military. Many of the people dynamics apply in everyday situations. Many freepers brag how they can change jobs and be so dynamic with every situation every so many years as practiced in modern labor. When you are young and have no family not so bad to have so much change. But try having a steady income, steady environment to raise a family, and all this accelerated career pathway becomes a major stress and destroys a stable environment for one to raise a family a basic unit of society. If a commander goes out of his way to stress the men in his unit needlessly, that unit will soon become useless or worst rebellious. Corporate America and their small chosen inner circle does not care. Workers, staff and etc are treated no differently then used condoms. All this will have an affect on society as workers become less and less dedicated and more resentful. Contrast the yuppy era with the off shoring of job era. At least the yuppies were willing to put 100 plus percent into their jobs because of good pay and reward. Unfortunately many became victims of off shoring of jobs and by the time they reached their fifties they made less money then a counterpart who graduated the same year and worked in the federal government (starting at a lower salary but accumulated steadily under continuous employment). That is pretty bad because in the past a side by side comparison, the private worker always had a larger salary then gov counterpart. Ever since the US embarked on free trade and globalism, gov workers now make more then private counterparts. Gov worker conditions never changed since the 1970’s, but the private workers benefits and salary increases did. Freepers keep screaming that fed workers make more then private. Fed salaries kept up with COLA and benefits formulas were the same for many decades. The fed worker did not make more then private, rather it was private workers who were deprived of raises that made them lag behind in the late 1990’s onward when free trade and globalism was the new economic model for private workers.
For people who don’t collect government pensions, the unofficial retirement age in NJ has been pushed up to 105. As for the illegals, there are much more than “12 million”; we have that many in NJ alone.
At this point we’re even educating the foreigners who will displace us...
You don't get it, it IS the un American nasty elements that organized this whole thing to begin with!
The followers are their useful idiots.
Sheesh, WAKE UP!
Proposing solutions? How about just getting government out of the way? That is the ONLY solution.
And then the government frauds in suits standing at podiums, tell um they'll be lucky to collect all the SS money they seized from them during the course of their work histories. What they won't tell ya, is they looted that too.
This won't end well..
If a third party is formed to challenge BOTH liberal parties... then yes... I agree.
Good points. The Yuppies just became too expensive compared to Asian labor. The government workers that still have their jobs are laughing all the way to the bank, but those that have been laid off will probably never work again; they have experience nobody wants/needs, and the decline in salary/benefits would be difficult for them (not that I care). Rather than get laid off and lose their homes and have their families on welfare, too many young Americans have simply stopped having children and buying the homes to house them. In response, the government lets in a flood of illegals to keep schools (and whole towns) open, while preventing the expected rise in wages caused by a shortage of labor.
Government workers were artificially protected from the forces at work that drove our standard of living into the toilet; now the chickens have come home to roost as the costs of those lavish benefits cause mass layoffs in government jobs. Right now NJ has thousands of unemployed policemen and untenured teachers who probably won’t find work in this state for years to come (while the surviving police and teachers are paid more than the serfs they supposedly work for).
Fascism. These protests (and others), are a reaction to hard Fascism. Here now. Any backed business associated with this regulatory government since Reagan are suspect.
Wait until these protesters face the hard fascist fines and body control of Vampire-Care to come. Along with anyone else here.
How about forced vaccines for starters? Government-”industry” sponsored forced vaccines. Hard fascism. Maybe these protesters need Vampire-Care-”industry” sponsored psycho-pharmaceutical intervention?
Wonder how many here actually OWN, not someone else holding a note, a vehicle? Think the price of a car (even used) are priced to OWN? No problem for a beltway bureaucrat.
Outright FREEDOM of OWNERSHIP (including the body) is the issue.
“Did you think free trade improved the American economy?
Ya think off shoring millions of jobs, while flooding the U.S. with tens of millions of low wage illegals is a benefit to America?”
No and no.
It’s a terrible situation we’ve gotten ourselves into. What caused it? It didn’t happen overnight. I have little interest in a short-term fix.
I lost my job when my company shifted half our business to another state and half to china. It caused some serious reflection for me.
What I’ve come up with so far is this - Belief in God, honor and integrity have been so diminished that they barely get a second thought. The result shouldn’t be a surprise to anyone.
“How about just getting government out of the way? That is the ONLY solution.”
I’m all for smaller government, but it has some use in terms of labor laws concerning wages, work conditions, etc. We can’t go back to 1900 conditions, though we’ve certainly slid back from the 1980s. Government by the people that represents the people is fine; I just don’t think we’ve had that for some time.
"These protest goes far beyond just pot smoking hippies...This is a wave anger that will clearly increase. This is a major breakdown in multiple countries all over the globe."
"What if the banks do go bankrupt? So what, so what?"
"3.5 trillion owed by just several European countries that they will *never* pay it off"
"This whole thing is collapsing, there is no way out"
Social security isn’t working well in NJ; they keep understating inflation (when not outright denying its existence, despite increases in costs of fuel, groceries, etc.) to minimize the adjustments to SS; this has led to a large number of people in NJ unable to retire. The monthly payments can’t even cover their property tax bill (even if they own the home free & clear), and they can’t sell the homes for a song because that was their retirement fund (and nobody wants the homes anyway).
I have no problem with any protester (from the left or right) demanding that the funds no longer be taken from their paychecks; they can’t tell me I myself won’t collect, while continuing to draw funds from my check to pay the current retirees. This intergenerational warfare is also taking place in Europe: younger people are being asked to provide a standard of living for older workers & retirees that they themselves will never enjoy.
The market, if left unimpeded, will take care of ‘fair’ wages. We do not need government to determine that.
“These protest goes far beyond just pot smoking hippies...This is a wave anger that will clearly increase.”
Absolutely correct, though I’m sure there are solutions.
Wall street isn’t taking the funds from your paycheck nor the protesters paychecks if they ever had a paycheck that is.