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- #41
I hardly think anything backed by Unions, George Soros or the like is hardly a grassroots effort.
All you say may be true but last time I borrowed money nobody made me sign but me. We need to back up to that pivotal point and examine that factor before we blame anyone else, clean your own house first before you call another's dirty.
If there was a coherent message it has been lost in the shuffle by the crowds that these policies seem to attract which in and of itself tells me that it is not good for America. Why did these people not come out for the Tea Party? maybe because the Tea Party says pull up your boots America and get to work and this crowd says gimme gimme or at least that is what I have seen.
I was 28 years old before I could afford a home and I worked my butt off to get it and have been working my butt off to keep it. As long as I make my payments it is mine. Some people for a host of reasons cannot afford a home and somehow that is the bank's fault I just do not see that being the case. Banks and lenders did do some shady things and under the watchful eye of the Government I would agree but loaning money or rather borrowing money (they always say lending but in reality the emphasis is on borrowing) the responsibility is on the borrower not the lender, do we not have a choice?
There is another word for a movement that has no leadership or organization and that is a mob or riot anmd that is exactly what it would be if not for our law enforcement.
All you say may be true but last time I borrowed money nobody made me sign but me. We need to back up to that pivotal point and examine that factor before we blame anyone else, clean your own house first before you call another's dirty.
If there was a coherent message it has been lost in the shuffle by the crowds that these policies seem to attract which in and of itself tells me that it is not good for America. Why did these people not come out for the Tea Party? maybe because the Tea Party says pull up your boots America and get to work and this crowd says gimme gimme or at least that is what I have seen.
I was 28 years old before I could afford a home and I worked my butt off to get it and have been working my butt off to keep it. As long as I make my payments it is mine. Some people for a host of reasons cannot afford a home and somehow that is the bank's fault I just do not see that being the case. Banks and lenders did do some shady things and under the watchful eye of the Government I would agree but loaning money or rather borrowing money (they always say lending but in reality the emphasis is on borrowing) the responsibility is on the borrower not the lender, do we not have a choice?
There is another word for a movement that has no leadership or organization and that is a mob or riot anmd that is exactly what it would be if not for our law enforcement.
mom'sfolly :
Occupy is a grass roots activity, and as such has bottom up organization. This means that while the message seems incoherent, it is coming together a consensus builds. I have seen news stations say that the movement is "incoherent", "has no clear message" and then to extrapolate that they "want nothing less than the end of capitalism". Which is silliness in the extreme.
Unfortunately, much of the current recession is directly tied to corporate greed, deregulation and bailout money NOT being returned to the economy. Banks willingly loaned money on mortgages that were interest only and zero down payment, gambling on a market that any rational person could tell was not sustainable. They bundled high risked loans and sold them as highly rated securities. Banks lied to investors, lied to regulators and lied to the public. The same year they got government bailouts they were giving bonuses to the people who got them into this mess. To help matters along the government repealed Glass Steagall, removing the separation of investment banking and commercial banking. Our tax system also favors corporations moving money out of the country and provides many loopholes for corporations. The end result is that many major American companies effectively pay no income tax at all, and that corporate income taxes are at the lowest rate since the 1950s (as a percentage of GDP). Banks are also not loaning money. These means that the money they are sitting on is not being used in the economy.
There are three foreclosed homes on my block. One turns out to have been illegal; the original foreclosure, over a year ago, was done by a bank that didn't actually own the loan. The owners could have challenged the foreclosure and won; but they couldn't afford a lawyer. One foreclosure was on a house that the sellers knew the buyers couldn't afford, but the bank loaned the money to the buyers anyway. If the sellers could tell they couldn't afford it, why couldn't the bank? And in the case of the third; the primary bread winner lost his job, and has a wife with chronic health issues who couldn't work, and a small child. Ten years of equity down the toilet.
My friends who have participated in the Occupy movement include a rabbi with a family and a congregation, a school teacher, a working soccer mom who run the biggest PTA fundraiser at our school, and a modern hippie who is gainfully employed in an organic food farm.
I think the whole movement scares people. Because it is a truly grassroots movement, because it has no clear leadership, and because it is asking for accountability, and a playing field that isn't weighted to the rich.
http://www.nytimes.com/2011/05/03/business/economy/03rates.html
Occupy is a grass roots activity, and as such has bottom up organization. This means that while the message seems incoherent, it is coming together a consensus builds. I have seen news stations say that the movement is "incoherent", "has no clear message" and then to extrapolate that they "want nothing less than the end of capitalism". Which is silliness in the extreme.
Unfortunately, much of the current recession is directly tied to corporate greed, deregulation and bailout money NOT being returned to the economy. Banks willingly loaned money on mortgages that were interest only and zero down payment, gambling on a market that any rational person could tell was not sustainable. They bundled high risked loans and sold them as highly rated securities. Banks lied to investors, lied to regulators and lied to the public. The same year they got government bailouts they were giving bonuses to the people who got them into this mess. To help matters along the government repealed Glass Steagall, removing the separation of investment banking and commercial banking. Our tax system also favors corporations moving money out of the country and provides many loopholes for corporations. The end result is that many major American companies effectively pay no income tax at all, and that corporate income taxes are at the lowest rate since the 1950s (as a percentage of GDP). Banks are also not loaning money. These means that the money they are sitting on is not being used in the economy.
There are three foreclosed homes on my block. One turns out to have been illegal; the original foreclosure, over a year ago, was done by a bank that didn't actually own the loan. The owners could have challenged the foreclosure and won; but they couldn't afford a lawyer. One foreclosure was on a house that the sellers knew the buyers couldn't afford, but the bank loaned the money to the buyers anyway. If the sellers could tell they couldn't afford it, why couldn't the bank? And in the case of the third; the primary bread winner lost his job, and has a wife with chronic health issues who couldn't work, and a small child. Ten years of equity down the toilet.
My friends who have participated in the Occupy movement include a rabbi with a family and a congregation, a school teacher, a working soccer mom who run the biggest PTA fundraiser at our school, and a modern hippie who is gainfully employed in an organic food farm.
I think the whole movement scares people. Because it is a truly grassroots movement, because it has no clear leadership, and because it is asking for accountability, and a playing field that isn't weighted to the rich.
http://www.nytimes.com/2011/05/03/business/economy/03rates.html
