THIS is what OccupyWallStreet is about... not what Fox News says it's about

[nation-x]

[Harmon]

Good video

[MaxCandy]

Originally Posted by nation-x

great video

[halfpint]

Its sure spreading across the US now its coming over here to the UK as well http://worldblog.msnbc.msn.com/_news...ead-to-britain

[pornguy]

they better be careful.

I recall an entire war started with just 1 single shot.

[halfpint]

Originally Posted by pornguy

they better be careful.

I recall an entire war started with just 1 single shot.

Not being funny but maybe thats what we need across the world, a population cull

[halfpint]

http://www.facebook.com/occupylondon

[nation-x]

The Tea Party should be joining with this movement rather than criticizing it.

[devilspost]

Originally Posted by halfpint

Not being funny but maybe thats what we need across the world, a population cull

I think the cull should start at the top!

[SuckOnThis]

[Robbie]

SuckOnThis...does that chart take into consideration what people are making these days?

I'm not sure it's telling the whole story. At least what I've seen with my own two eyes in my lifetime, people were making a lot more money and had much nicer homes and possessions over the last few decades (especially the 1990's and most of the 2000's until the crash).

I guess what I'm trying to say is...if most people were doing better and making pretty good money through the 80's, 90's and 2000's...but rich people made even MORE than they used to as well....then the rich's money grew exponentially (look how the stock market grew for instance since 1980).
So that chart would look like everybody in the U.S. was dirt poor except for a few rich folks.

But that isn't what happened. The 80's, 90's, and 2000's (up until 2008) were huge money making decades for everybody that had a bit of intelligence and work ethic.

I have a feeling that a lot of the people protesting on Wall Street now are the same people who were enriched either directly or indirectly the previous 30 years (which is why they weren't protesting then)

Not saying that they don't have reasons to protest. Just saying that "yes" it makes sense that during 3 decades of economic growth like never before in history...it doesn't surprise me that the "rich" people who had the money to invest and make the economic wheels turn would profit exponentially over "middle class" people who were making $50,000 a year salaries and buying their new car and paying the mortgage with only modest investments.

EDIT: I notice that chart doesn't show the salaries on the left hand side. lol I'd like to see that listed in 2011 dollars

[BFT3K]

Douche Bag Cantor then...



https://youtube.com/watch?v=sQ9XzWyTR7Q

Douche Bag Cantor now...



https://youtube.com/watch?v=_vNZeLKy-jg

Wake up to the hypocrisy!

[Matt 26z]

Originally Posted by nation-x

The Tea Party should be joining with this movement rather than criticizing it.

+1
If they move a little to the center they will fit in, but that won't happen. Tea Partiers are senior citizens and dumb rednecks out to protest the death of modern conservatism in general. The seriousness of the OWS movement is also too intimidating for them. Tea Partiers like to sit in a park with their bingo pals waving little flags.

[Robbie]

Originally Posted by Matt 26z

+1
If they move a little to the center they will fit in, but that won't happen. Tea Partiers are senior citizens and dumb rednecks out to protest the death of modern conservatism in general. The seriousness of the OWS movement is also too intimidating for them. Tea Partiers like to sit in a park with their bingo pals waving little flags.

Aren't you painting with a big brush there? I doubt very seriously that every Tea Party person is an old person and/or a dumb redneck. Just like I doubt that every person in the OWS is "serious"

My guess is that both movements have a handful of leaders...and a LOT of sheep.

[96ukssob]

all this is going to do is piss off the super rich and they will punch the other 99% even more.

[porno jew]

reinstall Glass–Steagall .... fuck their talking points and demands are retarded. who is coming up with this shit? like joe midwest will be inspired by that?

how about "jail the bankers?"

"jail the politicians who gave billions to them?"

"debt and forclosure relief now?"

[GregE]

Excellent video !

[greg80]

god damn hippies

[porno jew]

audit the fed? reverse 8-205?

fucking lol ... people are supposed to rally around that? terrible fucking video and exactly what is wrong with the protests.

problems: jobs, crushing debt, corporate and political criminality

that shit is mere details to be worked out later. who will be motivated by that?

[Bladewire]

Excellent video! I've posted this to one of my FB profiles, should get mega hits soon ;)

Originally Posted by Robbie

I notice that chart doesn't show the salaries on the left hand side. lol I'd like to see that listed in 2011 dollars!

Then find the answer yourself and post it.

If you read the little writing under the chart you'd know.

Not a good defense to say "find me more information"

[BFT3K]

A nice FB group, for those who hate the baggers...

http://www.facebook.com/groups/150314231715511/

[Robbie]

Originally Posted by Squirtit

If you read the little writing under the chart you'd know.
Not a good defense to say "find me more information"

No, it just says in "2007 dollars" It doesn't give the actual income of all those groups.
And I wasn't looking to defend anything. Just pointing out that stats and graphs can be skewed to make things look "worse" or "better" than they really are.

I do know that the 80's, 90's, and 2000's were decades of prosperity in the U.S. that are unparalleled in history. That's what I was pointing out. That chart does not show the whole truth.

Most working people with real jobs were making a living better than ever before for the last 30 years. Unemployment was low. The dollar had many years that it was pretty damn strong too.

This country had a helluva run. And as I said...people that made a great salary were able to buy nice cars and homes and even invest just a bit. But nothing on the scale of the people who PAID them.
Those people had a lot more income to invest over the last few decades. And that money has grown exponentially.

Of course...another thing those charts don't show...is the fact that those "rich" people LOST trillions of dollars when the market and world economy took a dive. Not saying that it bankrupted them. Just saying that all of the wealthy people who had a lot of money invested in the stock market, took a pretty hard beating. Yeah, they're still rich (if they were smart). But what's wrong with that?

[Bladewire]

Originally Posted by Robbie

No, it just says in "2007 dollars" It doesn't give the actual income of all those groups.
And I wasn't looking to defend anything. Just pointing out that stats and graphs can be skewed to make things look "worse" or "better" than they really are.

I do know that the 80's, 90's, and 2000's were decades of prosperity in the U.S. that are unparalleled in history. That's what I was pointing out. That chart does not show the whole truth.

Most working people with real jobs were making a living better than ever before for the last 30 years. Unemployment was low. The dollar had many years that it was pretty damn strong too.

This country had a helluva run. And as I said...people that made a great salary were able to buy nice cars and homes and even invest just a bit. But nothing on the scale of the people who PAID them.
Those people had a lot more income to invest over the last few decades. And that money has grown exponentially.

Of course...another thing those charts don't show...is the fact that those "rich" people LOST trillions of dollars when the market and world economy took a dive. Not saying that it bankrupted them. Just saying that all of the wealthy people who had a lot of money invested in the stock market, took a pretty hard beating. Yeah, they're still rich (if they were smart). But what's wrong with that?

Please post links to that data thank you

[Thomas007]

Good video. Seems like Twitter is good for communication for large groups.

[kane]

Originally Posted by Robbie

No, it just says in "2007 dollars" It doesn't give the actual income of all those groups.
And I wasn't looking to defend anything. Just pointing out that stats and graphs can be skewed to make things look "worse" or "better" than they really are.

I do know that the 80's, 90's, and 2000's were decades of prosperity in the U.S. that are unparalleled in history. That's what I was pointing out. That chart does not show the whole truth.

Most working people with real jobs were making a living better than ever before for the last 30 years. Unemployment was low. The dollar had many years that it was pretty damn strong too.

This country had a helluva run. And as I said...people that made a great salary were able to buy nice cars and homes and even invest just a bit. But nothing on the scale of the people who PAID them.
Those people had a lot more income to invest over the last few decades. And that money has grown exponentially.

Of course...another thing those charts don't show...is the fact that those "rich" people LOST trillions of dollars when the market and world economy took a dive. Not saying that it bankrupted them. Just saying that all of the wealthy people who had a lot of money invested in the stock market, took a pretty hard beating. Yeah, they're still rich (if they were smart). But what's wrong with that?

I have a feeling most of those people who have the nice houses and cars and toys got them on credit not because they made a lot of money. According to Wikipedia the average household income in america grew $7,500 per year between 1980 and 2008. $5K of that came during the Clinton years.

I won't argue that we had a good run. We did. But we also saw credit become so easy to get that people started abusing it and relying on it. We also saw mortgages and auto loans as well as many other versions of credit extend their payback times.

When I was a kid my mom bought the house I grew up in. She paid $33K for it. It was a four bedroom (although the 4th room was tiny) and she had to jump through a ton of hoops to show she brought home enough money to make the payments etc. Her mortgage was for 20 years. It wasn't too long ago that many mortgages were for 15 years. My mom bought that house in 1981. In 1996 she sold it for $65K. In 2007 it sold again for almost $300K. The reason is that all around it these bigger nicer houses were built and it jacked the price of the house up. Banks realized that if they extended mortgages out to 30 years they could sell people bigger, nicer, more expensive houses. The The same with cars. A person can't afford a $40K car in a 2 year loan, but they can on a 5 year.

So I think a lot of people did get a lot of nice stuff, but they only have it because of credit, not increased income.

[Robbie]

Originally Posted by kane

I have a feeling most of those people who have the nice houses and cars and toys got them on credit not because they made a lot of money. According to Wikipedia the average household income in america grew $7,500 per year between 1980 and 2008. $5K of that came during the Clinton years.

Average income takes into account EVERYBODY in the country.
And it doesn't take into account different costs of living.

I lived in Fla. throughout the 1980's and lived like a king on $500 a week playing in bands.

I lived in South Carolina and Georgia through the 90's up until 2008 and lived like a oil sultan. lol

But I bet if I'd lived in New York City I wouldn't have.

I'm in total agreement with you on the costs of things. But it isn't just "nice houses" and "nice cars" that require bank loans these days...it's ALL cars and houses.

The first house I lived in as a child was 5 bedrooms/3 baths on a half acre of land in central Florida in the 1960's. It was $12,000 and my dad bought it outright. No bank loan.

Our first "fancy" car was a 1972 Delta Royal 88 Oldsmobile. My dad paid for that in cash too...it was a little over $5,000 and everybody in our town thought we were out of our minds for paying that much.

It almost seems like you can't buy ANYTHING these days without taking out a loan. You can't go to the doctor without insurance. Hell, I even see on the bottom of my energy bill that they have a way for people to set up PAYMENTS!!! WTF? You have to pay it every month already! lol

[digitalfantasies]

@Robbie, that is way how it should be IMO

call me old-fashion, but I don't have credit... I pay for what I buy...and I pay direct

[crockett]

The problem with OccupyWallStreet is they don't have a focus.. TBH OccupyWallStreet & the Tea Baggers kinda want the same thing but they allow their self's to be pandered to and divided by Right & Left.

If both groups ditch the whole I hate Liberals or I hate Conservatives bullshit and focused on the big issues as 1 group which is US citizens, then maybe they could be something more than crying meat puppets.

If both groups focused on the single issue of big money business running our govt via lobbyist then maybe this country would get somewhere. Instead both groups will end up just being divided and played by both the Right & Left and will end up being nothing more than a group politicians pander to during elections like Soccer moms or Nascar dads.

[BFT3K]

Originally Posted by crockett

The problem with OccupyWallStreet is they don't have a focus.. TBH OccupyWallStreet & the Tea Baggers kinda want the same thing but they allow their self's to be pandered to and divided by Right & Left.

If both groups ditch the whole I hate Liberals or I hate Conservatives bullshit and focused on the big issues as 1 group which is US citizens, then maybe they could be something more than crying meat puppets.

If both groups focused on the single issue of big money business running our govt via lobbyist then maybe this country would get somewhere. Instead both groups will end up just being divided and played by both the Right & Left and will end up being nothing more than a group politicians pander to during elections like Soccer moms or Nascar dads.

So far I have yet to see many pro-Obama or pro-Democrat signs dominating the OWS movement. In fact, I haven't seen any, so far.

The preconceived notion that the OWS movement is a leftist counter to the CLEARLY right wing, anti-Obama sign waving Teatard Group, is only perpetuated by the media's talking heads... at least so far.

Once FOX and Fools, along with the right-wing-radio-retards push this story hard enough, and pit the GOP against the OWS movement, it will become what they say it is - organically, or via provocateurs.

[Robbie]

Originally Posted by crockett

If both groups focused on the single issue of big money business running our govt via lobbyist then maybe this country would get somewhere. Instead both groups will end up just being divided and played by both the Right & Left and will end up being nothing more than a group politicians pander to during elections like Soccer moms or Nascar dads.

I agree.
But one thing I don't believe is that "Big Money" owns the govt.

I think it's the other way. If you've ever tried to run a business then you know exactly what I'm talking about.

From the moment you try to get a new biz started...every facet of govt. has their hand out. And God help you if it's a bar. Then you not only are going to be paying all the licenses, fees, etc. but you will also be greasing the palm of the local sheriff and police chief too.

No, in my opinion the govt. has become a big con game and money grab.

IF the govt. did not play the "Pay me and I'll give you special status" game...then it would NOT happen.

I see it like this: A lot of rules and regs that govt. sets up to restrict business are DESIGNED to get the businesses to come with their wallets open in order to DO business.

And I don't blame a big corporation or any size business for doing what it needs to do to be successful.

I DO blame the politicians.

Last time I checked nobody voted for a big corporation to be a Senator or Congressman.

Those are the crooks. None of the "big business runs govt." theory could work if the politicians were not crooked to begin with.

VOTE THEM ALL OUT EVERY TERM if you want this to stop.

[nation-x]

Originally Posted by BFT3K

So far I have yet to see many pro-Obama or pro-Democrat signs dominating the OWS movement. In fact, I haven't seen any, so far.

The preconceived notion that the OWS movement is a leftist counter to the CLEARLY right wing, anti-Obama sign waving Teatard Group, is only perpetuated by the media's talking heads... at least so far.

Once FOX and Fools, along with the right-wing-radio-retards push this story hard enough, and pit the GOP against the OWS movement, it will become what they say it is - organically, or via provocateurs.

Alot of them are Ron Paul supporters actually...

[Robbie]

Originally Posted by nation-x

Alot of them are Ron Paul supporters actually...

I was watching a comedian the other day...can't remember which one it was. And he said that when you watch Ron Paul say shit, it sounds crazy. But if you read what he said, then it makes sense.

I tend to agree with that. He doesn't deliver the message real well, but a LOT of what he says makes sense to me.

[sweetcuties]

Fox is a joke, most of America knows it

[Robbie]

Originally Posted by sweetcuties

Fox is a joke, most of America knows it

Why does everybody make such broad statements?

The reality is that the majority of Americans who watch cable news watch Fox News.

I don't know if that means there are now more Americans who are "conservative" or if it just means that more "conservative" Americans watch cable news than do "liberal" Americans.

But I do know that I watch Fox News late at night because I LOVE the show "Red Eye" with Greg Guttfield. That shit is great!

For news, I can watch either Fox or CNN for the news updates on the half hour. Everything else on either channel is biased and opinion based. And MSNBC doesn't even seem to try and just report the news anymore. They just shill for the Democrats and openly hate on Republicans.

But pretty much Fox and CNN give you straight news every half hour...though both do bias that a bit sometimes when they choose WHAT to report and what to ignore.

[BFT3K]

I get all of my REAL news information from my magic 8 ball, because I'm not crazy...

[nation-x]

Originally Posted by Glenn Beck

Capitalists, if you think that you can play footsie with these people, you are wrong. They will come for you and drag you into the streets and kill you. They will do it. They’re not messing around. Those in the media – and I am included in this – they will drag us out into the streets and kill us. If you’re wealthy, they will kill you for what you have. You cannot tolerate this kind of stuff. You certainly do not encourage it.

Right wingers are paranoid



Dude has tube traffic numbers

[crockett]

Originally Posted by Robbie

I agree.
But one thing I don't believe is that "Big Money" owns the govt.

I think it's the other way. If you've ever tried to run a business then you know exactly what I'm talking about.

From the moment you try to get a new biz started...every facet of govt. has their hand out. And God help you if it's a bar. Then you not only are going to be paying all the licenses, fees, etc. but you will also be greasing the palm of the local sheriff and police chief too.

No, in my opinion the govt. has become a big con game and money grab.

IF the govt. did not play the "Pay me and I'll give you special status" game...then it would NOT happen.

I see it like this: A lot of rules and regs that govt. sets up to restrict business are DESIGNED to get the businesses to come with their wallets open in order to DO business.

And I don't blame a big corporation or any size business for doing what it needs to do to be successful.

I DO blame the politicians.

Last time I checked nobody voted for a big corporation to be a Senator or Congressman.

Those are the crooks. None of the "big business runs govt." theory could work if the politicians were not crooked to begin with.

VOTE THEM ALL OUT EVERY TERM if you want this to stop.

There is a major difference in "Big Business" verses just being a person trying to start a business.

When I said Big Money Business I'm talking about corporate giants such as the Oil, Pharmaceutical, Insurance, Defense contracting industries, ect..ect. Pretty much any industry that is big enough to pay for large amounts of lobbying power.

We can add special interest groups into that mix as well.

The point being it's these groups and their lobbyist are what run this country and that's what "both" the tea baggers & OWS are pissed about. Both groups specially the tea baggers should toss out hate bullshit and work together on the 1 common goal which should be to end the money coming from big business & special interest.

It doesn't matter if one side is conservative or liberal.. The common goal should be to end the lobbying bull shit which is essentially legal bribes IMHO. That is what has ruined this county. Both these groups should stop being meat puppets and act on the real issue together. (granted at this point tea baggeers are the bigger meat puppet but soon enough the OWS will being gobbled up by the left and both will just end up meat puppets for either side)

[Rochard]

This "Occupy" movement is dumb. It's a bunch of unemployed college kids who have never really had a real job who want what they believe is owed to them. What they don't understand is that they are getting exactly what is owed them - nothing.

[Rochard]

Originally Posted by SuckOnThis

This chart is completely misleading.

It's comparing the top 1% from 1980-2007 to the top 20% from 1947-1979. If you compare the top 20% from 1980-2007 to the top 1% from 1947-1979, you would see the direct opposite.

It makes it look like everyone benefited evenly "then" and now only the rich benefit.

[BFT3K]

Originally Posted by Rochard

This "Occupy" movement is dumb. It's a bunch of unemployed college kids who have never really had a real job who want what they believe is owed to them. What they don't understand is that they are getting exactly what is owed them - nothing.

I get all my shit info from Fox too!

[kane]

Originally Posted by Robbie

Average income takes into account EVERYBODY in the country.
And it doesn't take into account different costs of living.

I lived in Fla. throughout the 1980's and lived like a king on $500 a week playing in bands.

I lived in South Carolina and Georgia through the 90's up until 2008 and lived like a oil sultan. lol

But I bet if I'd lived in New York City I wouldn't have.

I'm in total agreement with you on the costs of things. But it isn't just "nice houses" and "nice cars" that require bank loans these days...it's ALL cars and houses.

The first house I lived in as a child was 5 bedrooms/3 baths on a half acre of land in central Florida in the 1960's. It was $12,000 and my dad bought it outright. No bank loan.

Our first "fancy" car was a 1972 Delta Royal 88 Oldsmobile. My dad paid for that in cash too...it was a little over $5,000 and everybody in our town thought we were out of our minds for paying that much.

It almost seems like you can't buy ANYTHING these days without taking out a loan. You can't go to the doctor without insurance. Hell, I even see on the bottom of my energy bill that they have a way for people to set up PAYMENTS!!! WTF? You have to pay it every month already! lol

Very true. Where you live has a lot to do with how far a dollar will go. I saw a story on CNN a few months ago about a couple that had just gotten married. They were from the Bay Area and he had just graduated college and was an accountant. He got offered a job making $75K per year. Not bad for right out of school with no experience, but the cost of living in that area was so high in that area that money wouldn't be going very far. They ended up moving to Austin, TX where he was offered a job for $50K a year, but the cost of living was so much cheaper they would live a much nicer life.

Also, I agree with you about any house or car needing credit. We are at a time right now where the average wage earner can't afford the average home nor the average car so if you want those things you have no choice but use credit and if you overspend on them then you end up being house broke so you use credit to then buy furniture, a TV, and just about anything else. It is a crazy cycle people can get themselves into.

[Rochard]

Originally Posted by Robbie

I'm not sure it's telling the whole story. At least what I've seen with my own two eyes in my lifetime, people were making a lot more money and had much nicer homes and possessions over the last few decades (especially the 1990's and most of the 2000's until the crash).

I agree with you.

I remember being a kid, one of my role models was my doctor, a man named Doctor Gus. He was my childhood doctor for most of my youth. He drove a big gray Mercedes. Everyone else in the parking lot drove a Chevy or a Ford. I remember to this day how that car stood out in the parking lot. I remember my mother telling me that if I went to college, one day too I could drive a Mercedes.

Now I take a look and Mercedes is everywhere - BMW too. A friend of mine lives in an apartment complex and the other day I had to pick him up and noticed that nearly every car was brand new, Mercedes, BMW, Lexus.

The middle class has never lived so well. Middle class thirty years meant every family had a TV. Now middle class means every room in the house has a flat screen TV.

[Robbie]

Originally Posted by crockett

There is a major difference in "Big Business" verses just being a person trying to start a business.

When I said Big Money Business I'm talking about corporate giants such as the Oil, Pharmaceutical, Insurance, Defense contracting industries, ect..ect. Pretty much any industry that is big enough to pay for large amounts of lobbying power.

I was only using a person trying to open a small business as an example. When you are talking major corporations then you can multiply the Government bullshit by a trillion.

Bottom line is still the same: The politicians are the criminals.

They are the ones who set up laws that make it almost impossible for a company to compete UNLESS they are putting money in the politicians pockets. And that encourages the companies to spend all that money on lobbyists and under the table deals.

IF the politicians did not play the game...then big corps wouldn't have to put money into that.

It's elected officials who are the real crooks.
Again, I can't find fault with any company doing whatever it could legally to get ahead.

But we didn't elect companies. We elected Congressmen and Senators. Vote them out. And keep voting them out. Career politicians are the real problem.

[Robbie]

Originally Posted by Rochard

The middle class has never lived so well. Middle class thirty years meant every family had a TV. Now middle class means every room in the house has a flat screen TV.

Hell...go to a trailer park. Even the people who are classified as "poor" have a couple of flat screens and everybody has a cell phone.

I don't think this country really has a grip on what "poor" really is.

[crockett]

Originally Posted by Rochard

This "Occupy" movement is dumb. It's a bunch of unemployed college kids who have never really had a real job who want what they believe is owed to them. What they don't understand is that they are getting exactly what is owed them - nothing.

You are old enough to have been able to get a decent job when you left school. Kids today do not have the same opportunity that you or I had just 10 or 15 years ago or what our parents had.

Kids today that go to college come out with maybe a decent education, but also with a 50 to 100k student loan debit hanging over their heads with not a lot of job opportunities. Do you really think they shouldn't be mad to some degree and expect more?

I think maybe they are guilty of miss guided anger to a certain degree but IMO they have a right to be a little ticked off with what this country has to offer them.

[crockett]

Originally Posted by Rochard

I agree with you.

I remember being a kid, one of my role models was my doctor, a man named Doctor Gus. He was my childhood doctor for most of my youth. He drove a big gray Mercedes. Everyone else in the parking lot drove a Chevy or a Ford. I remember to this day how that car stood out in the parking lot. I remember my mother telling me that if I went to college, one day too I could drive a Mercedes.

Now I take a look and Mercedes is everywhere - BMW too. A friend of mine lives in an apartment complex and the other day I had to pick him up and noticed that nearly every car was brand new, Mercedes, BMW, Lexus.

The middle class has never lived so well. Middle class thirty years meant every family had a TV. Now middle class means every room in the house has a flat screen TV.

The middle class has never been so far in debit and it has been failing for some time now to do better than the generation before it. Don't mistake high debit with living well.

[Robbie]

Originally Posted by kane

you end up being house broke

"house broke" You just described me brother!

I bought my home here in Vegas in Sept. of 2008
One week later the housing market completely crashed and the economy tumbled.

I paid $720,000 for this house at 7% interest rate.

It's now worth less that $400,000 (not really, but that is a quick google calculation not taking other things into consideration).

So now I sit here with a $5,000 a month mortgage in a 5,200 sq. 2 story home with 8 bedrooms and 5 bathrooms...and I'm underwater *(I still owe a little over $510,000) so I can neither re-finance or even get a rate modification or even sell it and get the hell out! lol

So yeah...I know all about being "house broke"

[Robbie]

Originally Posted by crockett

Don't mistake high debit with living well.

You're not seeing it right.

Using credit can, has, and does allow people to live well.

As I said, go to any trailer park and look at the cars, the cell phones, the flat screens.
Without credit those people could never live that kind of lifestyle. I think it's a good thing.

Hell, you only live once. And as long as you can make those payments every month...why not live the good life?

These days damn near everybody is in debt. Shit costs too much anymore to just buy it.

We need to elect that crazy black dude who ran for office with the motto: "The rent is just too damn high!"

[kane]

Originally Posted by Robbie

"house broke" You just described me brother!

I bought my home here in Vegas in Sept. of 2008
One week later the housing market completely crashed and the economy tumbled.

I paid $720,000 for this house at 7% interest rate.

It's now worth less that $400,000 (not really, but that is a quick google calculation not taking other things into consideration).

So now I sit here with a $5,000 a month mortgage in a 5,200 sq. 2 story home with 8 bedrooms and 5 bathrooms...and I'm underwater *(I still owe a little over $510,000) so I can neither re-finance or even get a rate modification or even sell it and get the hell out! lol

So yeah...I know all about being "house broke"

I have a friend in a similar situation. He bought a house that was a new build in a new development for $405K about 5 years ago. It had no yard or fence. He put in a fence, yard, sprinkler system and heat pump so that it had AC and was offered $450K for it. He didn't want to sell. Right then he was going through a divorce and as part of the divorce it was decided that the house had about 60K in equity so he had 2 years to either sell the house and give her $30K or just buy her out for $30K. Two years later the market was in the shitter, the house was worth about $300K. He can't refinance because he is underwater and he had to drain every cent he has in savings to pay her.

[sperbonzo]

Amen Robbie. THAT is my problem with the OWS movement. It has become about sone twisted version of fairness and redistribution instead of targeting the real culprits

Originally Posted by Robbie

I was only using a person trying to open a small business as an example. When you are talking major corporations then you can multiply the Government bullshit by a trillion.

Bottom line is still the same: The politicians are the criminals.

They are the ones who set up laws that make it almost impossible for a company to compete UNLESS they are putting money in the politicians pockets. And that encourages the companies to spend all that money on lobbyists and under the table deals.

IF the politicians did not play the game...then big corps wouldn't have to put money into that.

It's elected officials who are the real crooks.
Again, I can't find fault with any company doing whatever it could legally to get ahead.

But we didn't elect companies. We elected Congressmen and Senators. Vote them out. And keep voting them out. Career politicians are the real problem.