Originally Posted by 12clicks

The really amazing thing here is that lots of otherwise intelligent people really, really believe that its someone else's fault that they have huge credit card debt, huge student loan debt, and an upside down mortgage.

THEY chose all of it, lived beyond their means, and now want a bail out.

at the end of the day, NOTHING will come of it.
The producer class is not going to give up what they EARNED to help out a bunch of whiners.

Originally Posted by 12clicks

The really amazing thing here is that lots of otherwise intelligent people really, really believe that its someone else's fault that they have huge credit card debt, huge student loan debt, and an upside down mortgage.

THEY chose all of it, lived beyond their means, and now want a bail out.

at the end of the day, NOTHING will come of it.
The producer class is not going to give up what they EARNED to help out a bunch of whiners.

Originally Posted by 12clicks

The really amazing thing here is that lots of otherwise intelligent people really, really believe that its someone else's fault that they have huge credit card debt, huge student loan debt, and an upside down mortgage.

THEY chose all of it, lived beyond their means, and now want a bail out.

at the end of the day, NOTHING will come of it.
The producer class is not going to give up what they EARNED to help out a bunch of whiners.

Originally Posted by BFT3K

I support this movement (at least so far) and here's a little info about me.

You may want to sit down, as this may confuse you...

* I am not a welfare recipient.

* I've had student loans in the past, and have since paid them off.

* I am self-employed. In fact, I own a corporation (albeit very small).

* I haven't collected 10 cents from unemployment since I was in my early 20's, and even then, it was for a very short period of time.

* There have been periods in my life where I was working 2 and 3 jobs at once. Real jobs like landscaping, loading trucks, stocking shelves, you name it.

* I don't have nearly ANY credit card debt.

* I am not getting foreclosed upon.

* I don't live on the dole, in any way.

* When I don't make enough money, I blame myself for not working hard enough.

* I have friends who support the 99% movement, and their demographic is very close to mine.

Crazy, right?

Go figure!

Originally Posted by 12clicks

so you're for paying higher taxes to help them out?

Originally Posted by vdbucks

Yes, let's blame the people for all the corporate/government greed, corruption, etc....

Originally Posted by vdbucks

EVERYONE wants a part of the dream. You, me, everyone in the world. Everyon wants a little more. And what do you think happens when banks come along and essentially make people believe they can afford something they actually can't... people jump on it without reading the fine print.. and eventually cause themselves to get screwed in the end. Allthewhile the govermnent allows these practices to continue because the politicians are getting their cut somewhere along the line.

And then shit hits the fan...

People lose jobs.. they lose their houses, they lose everything.

And instead of holding the banks responsible like they should be, we dumpb billions of backless money into them. And where does that money go? Does it go to helping the economy? No, it gets used as bonus money for CEO's and share holders.

Originally Posted by vdbucks

And the above is just one small slice of the whole problem... And to be completely honest, all I've seen so far is governments doing nothing but putting bandais on a severed artery; while making sure the top 1% keep making more money while the rest of the population suffers big time.

Originally Posted by BFT3K

To help WHO out? Fellow Americans? Wow, what a horrible cause!

Imagine if everyone was afforded more opportunity and wealth, on a level playing field?

More people with the means to join our sites, and make us more money?

What a horrible concept!

As I've said before, I would rather be a prince in a wealthy country, than a king in the land of squaller.

Would you rather win the lottery and pay half in taxes, or not play at all, because you don't want to pay any more taxes?

Originally Posted by 12clicks

please save the silliness and just answer the question.
Do you want your own taxes to go up to pay for the protesters problems?

Originally Posted by _Richard_

Originally Posted by vdbucks

Yes, let's blame the people for all the corporate/government greed, corruption, etc....

Yes, people should be more responsible for themselves and with their money...

But consider this...

EVERYONE wants a part of the dream. You, me, everyone in the world. Everyon wants a little more. And what do you think happens when banks come along and essentially make people believe they can afford something they actually can't... people jump on it without reading the fine print.. and eventually cause themselves to get screwed in the end. Allthewhile the govermnent allows these practices to continue because the politicians are getting their cut somewhere along the line.

Originally Posted by 12clicks

richard@sextronix?
did I miss another firing?

Originally Posted by Jesus H Christ

Fuck you and your Limbaugh parrot shit. He's a clown. The true reality is we are all at fault, so let me clue you in.

The SEC, Congress, Fed Reserve, and The People created this problem. In the beginning poor regulation and lack of enforcement initially created this problem.

The SEC - knew AIG was insuring toxic loans and also turned a blind eye to unregulated credit default swaps. The system was so corrupt the SEC, a government agency, destroyed 1000's of complaints from private watchdog groups. Government agency are strictly forbidden to destroy any records of anything. To date, nothing has been done about it.

Congress - Instead of practicing our true capitalistic system and letting these banks fail, Congress voted in favor for the Fed to flood massive amounts of money into the system attributing more to our large debt, not once, but three times now. Now when the markets/business even get a bit shaky, they want a QE3. In short, business/markets transformed to socialist who feel they are entitled for the FED to step in and calm the markets.

Fed Reserve- Like Congress the FR refuse to let the markets/business correct itself and let business and banks fail. Now FR is pumping (QE) trillions in low/no interest loans to keep the system afloat preventing true capitalism, creating an entitlement socialistic business arena that will eventually fail. Meaning, why should I work hard when my competitor can simply expand/carve out a larger market share with endless ZERO interest FR capital?

The People- who bought into the fact a $35k-$45k yearly income could buy a $275k home or more insuring their stupidity not understanding a variable mortgage loan application. They simply bought a home they could not afford out of ignorance and learned the hard way the number one rule of investing? Don't invest in something you don't understand. Now they feel suckered by the banks, when in truth, their own ignorance was at fault.

The true victims are homeowners who can afford our mortgages that now suffer from property devaluation because others were too stupid to understand their loan condition/terms as these homes now sit empty on our streets.

It's truly hard to feel sorry for them because they're completely oblivious that they're also to blame for this massive problem. Although, it's easy to see why they're so upset when they watch these very same banks get flooded with zero interest capital as they're being foreclosed on as they still refuse to take responsibility for themselves. It's truly pathetic.

Originally Posted by BFT3K

In a nutshell, I think the MAIN message that resounds via the OWS movement is anger with political corruption and financial imbalance.

It is unfortunate that they are not very clear, and their agenda is not very focused, but I am hopeful that the pieces will eventually fall into place.

I like this idea...

http://www.getmoneyout.com/

Originally Posted by _Richard_

i believe you miss a lot

Originally Posted by 12clicks

corporate greed is NOT the problem. the problem is the government interfering with our economic system.
If the government wasn't backing mortgages or student loans, how different do you think things would look?

Yes, people should be more responsible for themselves and with their money...

But consider this...


see, this is the myth that a lot of people have fallen for.
It wasn't the banks tricking people into believing they could afford something they couldn't. It was the PEOPLE and their mortgage broker LYING to the banks about their incomes. The banks aren't at fault (except in very rare occasions). The government allowed for very loose proof of income and the PEOPLE took advantage of it. The banks went along with the GOVERNMENT guidelines.
Now of course there is more to this economy than just mortgages but again, what is the goal of the protests?
what EXACTLY do they want and what EXACTLY will it accomplish?



no, this is simply a lie. The 1% are better at protecting themselves. Please name one thing the government has done to help just the 1%

Originally Posted by epitome

As for the last question, Bush tax cuts. Yeah they say they helped a lot of people, but they mostly benefitted certain people.

Originally Posted by 12clicks

only the things of little or no importance.

Originally Posted by 12clicks

The really amazing thing here is that lots of otherwise intelligent people really, really believe that its someone else's fault that they have huge credit card debt, huge student loan debt, and an upside down mortgage.

THEY chose all of it, lived beyond their means, and now want a bail out.

at the end of the day, NOTHING will come of it.
The producer class is not going to give up what they EARNED to help out a bunch of whiners.

Originally Posted by GregE

Actually my post was a bit more limited in scope.

I was specifically addressing the unemployment numbers.

If, as some here insist, those folks are all a bunch of lazy, shiftless, work adverse freeloaders, why is that there are so many more of those types amongst us now then as recently as five or six years ago?

Must be something in the water, right?

Or maybe the guy from Kenya made them that way?