Occupy Movement Explained

[Bigshrimpin]

Originally Posted by fdheld34

I know understand what the occupy movement is all about....this woman is so articulate in explaining it all. I will be able to sleep better tonight now that I understand!!!...Admin please delete if this is considered inappropriate!
-Fred
http://www.youtube.com/watch?v=OW56Z...yer_detailpage

Honestly . . . I fully support these protests. It's about time people get pissed off about offshoring of jobs, Fed bailing out private companies/banks/gov, and high unemployment/ record number of foreclosures as a direct result of bad economic policy and poor regulation. That video is one person and not representative of the everyone protesting. A lot of these people have lost jobs, homes, families, etc from the economic climate . . . and for others to mock them is just really distasteful. We are all in this together.

[NoBones]

wake up!!!!

socialism is upon us!!!!!!

[DonV]

Hey Ken be careful!! OR the fourth branch of government....lawyers....will show up at your door in Area 442.

I'm wondering....I hear 16% of the working force are government employees and suppose both them and their spouses vote in a block together, that's 32%. What happens when that block of voters gets to 50%?

[McGillicuddy]

Terry, that's an excellent point from Mr Jobs, but I really doubt those engineers in China are the ones developing the i operating systems. I guess most of that is done in Cupertino. And those engineers and factory workers get paid a fraction of what US engineers or even those in Cupertino earn. And if Apple was paying those Chinese factory workers $8.75 /hr, I'm fairly sure that Apple would not be sitting on the billions in cash it holds. It would be going into the US economy and growing exponentially in other ways that benefit more than just the 1 percent at Apple

Big, good stuff. I think I'll pull all of my assets from B of A and put it in a local credit union. Too bad they hold some of my loans...

Dave, great point. One fool presented on camera is neither the the basis nor the voice for a "revolution." And indeed, the message of Occupy Wall Street is poorly presented. Their website has no mission statement that I could extrapolate, and appears little more than a schedule to incite protest.

By the way, I'm one of the 99%...what ever that means...
I bought a house in SD in '04 am $100K upside down and can't modify my loan because I pay my bills on time and I do because am not willing to break the contract on which I signed or initialed 57 pages. I can't refinance my loan because I can't show 20% equity, even though I actually put 20% down.

Regarding Ft Myers blocking these protests, the right to peaceful assembly is covered in the 1st amendment of the Bill of Rights, so why the hell a local government thinks it has the right to stop a peaceful protest on public property in the name of liability insurance or any thing else beyond the scope of my comprehension. If the cops or zealots don't beat anyone up it shouldn't be a problem.

On the other hand people should have a grip on their gripe.
Just to lighten up the mood here's a viddy that hits home while being funny. And remember gang, this is comedy not an economic-political disertation.

http://www.youtube.com/watch?v=tRmZ9zH-mYM

[bbh57]

Same Story from Business Insider, Notice that the reason given here for the 700000 jobs being in China is not the shortage of engineers as WSJ states but the ease of operating in China, Which to me means cheap labor to build plants and manufacture. Although they do say that if we could train more engineers some jobs could return here. Also interesting to me are his recommendations for our education system.

Not trying to split hairs but just wanted to point out differances.




Jobs said the Obama administration was not business-friendly and said it was impossible to build a factory in the United States due to regulations and unnecessary costs. Apple had 700,000 factory workers employed in China, where it was much easier to build and run a factory, Jobs said. He said Obama was "headed for a one-term presidency" if the administration didn't improve.
Jobs also said the American education system was "hopelessly antiquated" and crippled by teachers' unions. Apple's factories, for example, needed 30,000 skilled engineers — something the U.S. education system was not producing. He suggested the President completely overhaul the system and proposed an 11-month school year with days that lasted until 6 p.m.
"You can't find that many in America to hire," he said. "If you could educate these engineers, we could move more manufacturing plants here."

[Blue_Heron]

Originally Posted by McGillicuddy

On the other hand people should have a grip on their gripe.
Just to lighten up the mood here's a viddy that hits home while being funny. And remember gang, this is comedy not an economic-political disertation.

That's good! Maybe Felonious Monk should run for Congress. I think he's got as good a grip on the situation as Milton Friedman did. Thanks for lightening the mood.

Dave

[DonV]

I'm sure most of you have seen this, however some may have not. The interesting thing is we are $15,000,000,000,000 in the hole. WAY above my head!

http://www.slideshare.net/Ficoba/whats-a-trillion

[Bigshrimpin]

So let's continue to pay off those debts by allowing corporations to offshore jobs? and use tax havens in the cayman islands to avoid paying taxes? cut education and research funding? Maybe the plan is just to print money and devalue currency until china stops pegging their currency to the dollar? or until dollar is worthless? I think there is some strategy here that we all don't grasp.

[Islandtrader]

Originally Posted by Bigshrimpin

So let's continue to pay off those debts by allowing corporations to offshore jobs? and use tax havens in the cayman islands to avoid paying taxes? cut education and research funding? Maybe the plan is just to print money and devalue currency until china stops pegging their currency to the dollar? or until dollar is worthless? I think there is some strategy here that we all don't grasp.

Yeah the strategy is to vote for someone that will...

GIVE US HOPE AND CHANGE

[Islandtrader]

Originally Posted by Bigshrimpin

Honestly . . . I fully support these protests. It's about time people get pissed off about offshoring of jobs, Fed bailing out private companies/banks/gov, and high unemployment/ record number of foreclosures as a direct result of bad economic policy and poor regulation. That video is one person and not representative of the everyone protesting. A lot of these people have lost jobs, homes, families, etc from the economic climate . . . and for others to mock them is just really distasteful. We are all in this together.

If what you are saying is true (and it is true) I think this protest should be going on not on Wall Street, but at the White House and Capital.

Remember we only do what the Government allows us to do...we only have bail outs because the government allowed bail outs. We have the mortgage crisis because the government thought everyone should have a home.

Just my two cents.