Occupy Movement Explained

McGillicuddy · #1 11-01-2011, 05:02 PM

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 · #2 11-01-2011, 06:26 PM

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 · #3 11-01-2011, 08:12 PM

Quote:

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 · #4 11-01-2011, 08:29 PM

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 · #5 11-01-2011, 08:37 PM

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 · #6 11-02-2011, 08:45 AM

Quote:

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

Bigshrimpin · #7 11-02-2011, 12:31 PM

Island - it's not a simple vote republican or democrat issue. Any tax changes would have to be passed by congress and we've seen how well they work together

for the people of this country.

Let's see what super important things they did yesterday . . .

http://www.cbsnews.com/8301-503544_1...e-trust-motto/

Blue_Heron · #8 11-02-2011, 01:01 PM

Quote:

Originally Posted by Bigshrimpin

...it's not a simple vote republican or democrat issue...

Too true, unfortunately. Our two entrenched political parties have been taken over by the extreme left and right. There's almost nobody left to represent a centrist viewpoint, and there's an ever decreasing chance of the two parties reaching consensus on the critical issues. I'm not optimistic that the next election will change anything regardless of the outcome.

Dave

Islandtrader · #9 11-03-2011, 10:59 AM

Quote:

Originally Posted by Bigshrimpin

Island - it's not a simple vote republican or democrat issue. Any tax changes would have to be passed by congress and we've seen how well they work together

for the people of this country.

Let's see what super important things they did yesterday . . .

http://www.cbsnews.com/8301-503544_1...e-trust-motto/

Yep we can go round and round. The point I was trying to make is it also takes a leader...Mr. Hope and Change gave a lot of people the idea he could make a difference. He had the mandate, and after 2 years Hope and Change is now the same as every other politician just worried about his job and not the country.

Another good example 2 days ago Freddie and Fannie, (who supports them?) gave themselves a big bonus. Even Harry Reid was for a loss of words, if you didn't see that you should.

It starts from the top down in any organization. If the top has a good Pres. the rest follows through.

Look at any University system, business, or sports team.

It all starts at the top.

That's my story and I'm stickin to it.

Snookerd · #10 11-02-2011, 06:27 PM

Quote:

Originally Posted by Islandtrader

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

GIVE US HOPE AND CHANGE

Great thread fellow members. My question to those that are rightfully PO'ed and support the notion of change.............

WHAT ARE YOU DOING TO CHANGE THINGS EVEN AT THE SMALLEST LEVEL?????

Ever since the media began with sound bites and anything else to sell their garbage there has been the world of "SPIN". Your "word" and a hand shake need to come back into style. Raising my kids right ranks right up there with my best contribution to society.........

As the saying goes with what you surround yourself with..........GARBAGE IN GARBAGE OUT!

If anyone is motivated to "give back" to society, A great way to start would be to DONATE your SeaCraft to me and I will contact the proper individuals to help you with the process..........