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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Metacomet who wrote (81140)10/10/2011 11:30:28 AM
From: Brian Sullivan2 Recommendations  Respond to of 217620
 
Old & Busted: Hoovervilles.
New Hotness: Krugmanvilles!

http://nyti.ms/ruFnsg



To: Metacomet who wrote (81140)10/10/2011 5:45:41 PM
From: Maurice Winn2 Recommendations  Read Replies (2) | Respond to of 217620
 
MC, the OWC mob is on the wrong street. Their complaint is rightly with the politicians who doled out public money to their favoured friends on "Wall Street". It is silly to blame those supplicants willing to receive said loot. It's a good bet that you are a recipient of public money too. Very few recipients of such loot say "Oh, don't give me so much public money, I get more than enough pay already." On the contrary, they try every trick in the book to get their share of the loot higher. For example, working very long hours in the last year and doing shenanigans with holiday pay to get the pension bigger [based on the last year's pay].

It's a good bet that "public servants" are getting mountains more loot than the Wall Streeters ever have.

The OWC should go and gather on the White House lawn to protest their hard-earned money [the few of them who earn money] being doshed out to Wall Street. Or on camp on the steps of Congress. There is a lot more campground space in downtown Washington too.

I'm with you and OWC that public money should not be doled out to umpty$millionaire bankers. But the place to stop it is where the money comes from, not where it goes to.

It seems that the main motivating force of OWC is good old-fashioned green-eyed envy. Greed and envy, the root of all evil.

Mqurice

PS: Feel free to recommend this post. I have recommended yours. Thank you to my normal team of recommenders. You are heroes!! Go team.



To: Metacomet who wrote (81140)10/10/2011 6:52:25 PM
From: average joe  Respond to of 217620
 
Here are four excerpts from the Regina Manifesto dated July 1933. The only difference between this and the Occupy Wall Street crowd is at least these people had at one time worked for a living. I have no sympathy for a 50 something with an archeology degree and $120,000 in student loan debt that thinks the world owes him something just because he can inflate his lungs and go to the potty by himself.

"The exploitation of both primary producers and consumers by monopolistic corporations who absorb a great proportion of the selling price of farm products. (This last is true, for example, of the distribution of milk and dairy products, the packing industry, and milling.)"

"Insurance Companies, which provide one of the main channels for the investment of individual savings and which, under their present competitive organization, charge needlessly high premiums for the social services that they render, must also be socialized."

"With the advance of medical science the maintenance of a healthy population has become a function for which every civilized community should undertake responsibility. Health services should be made at least as freely available as are educational services today. But under a system which is still mainly one of private enterprise the costs of proper medical care, such as the wealthier members of society can easily afford, are at present prohibitive for great masses of the people. A properly organized system of public health services including medical and dental care, which would stress the prevention rather than the cure of illness should be extended to all our people in both rural and urban areas. This is an enterprise in which Dominion, Provincial and Municipal authorities, as well as the medical and dental professions can cooperate."

"The welfare of the community must take supremacy over the claims of private wealth. In times of war, human life has been conscripted. Should economic circumstances call for it, conscription of wealth would be more justifiable. We recognize the need for compensation in the case of individuals and institutions which must receive adequate maintenance during the transitional period before the planned economy becomes fully operative."

economics.uwaterloo.ca