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Old 10-05-2011, 02:24 PM   #106
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Now some people are wondering if this is an indication of some sort of liberal Tea Party, this whole Wall Street moving across America protest thing.

NOOOOOOOOOOOOOO
that's actually not a bad thing...

if we can finally split the two parties in half, extracting the extreme fringe elements from each side... well, perhaps we can finally get down to business and accomplish something in this country.
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Old 10-05-2011, 02:49 PM   #107
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You kind of ignored the first part of his post
I didn't consider it worth responding to. He seemed to be implying that I revel in the murders of policeman which is utterly false. I condemn all forms of violence.
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Old 10-05-2011, 03:58 PM   #108
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By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — Memo to the Super Rich, your high-paid lobbyists and your no-compromise political puppets whose sole mission is destroying the presidency: Yes, you are succeeding. You’re also killing the economy.

Thanks to your self-destructive ideology, America is now in the second of back-to-back Lost Decades. A new one on the heels of the 2000-2010 Lost Decade where Wall Street lost more than 20% inflation-adjusted. Get it? You guys launched America’s second Lost Decade of 21st century.

Demonstrators from the Occupy Wall Street campaign march into the courtyard of New York Police Department headquarters in New York last week. Yes, two consecutive job-killing Lost Decades. The first created by Wall Street’s obsessive greed. The new one triggered by the widening wealth gap that’s feeding endless partisan political wars powered by Super Rich conservatives hell-bent on re-establishing the same free-market, trickle-down Reaganomics policies that have been sabotaging America for the last generation.

Unfortunately, the new one gets worse: Why? The coming Lost Decade is a backdrop for a wave of class warfare destined to trigger a historic revolution in American politics, bigger than the ‘29 Crash and Great Depression.

Initially inspired by the Arab Spring, Occupy Wall Street is a virus spreading rapidly as Occupy Everything, a reform movement that will overshadow the GOP/Tea Party as the voice of the people, leading to an Occupy America. Read more about the origins of Occupy Wall Street.

Investors, listen closely: First, we’ll summarize five major signs of America’s new Lost Decade 2011-2021. Then, we summarize seven diverse examples of rebellions across the world adding fuel to America’s accelerating Occupy Wall Street revolution.

Why is this crucial for investors? Because these class wars are guaranteed to deepen America’s market and economic problems during the coming Lost Decade. So listen closely investors:

1. Decade of debt stagnation till 2021
Barron’s Gene Epstein warns that Obama’s latest is “Too Little, Too Late.” Even if the president “gets everything he asked for in his new proposals, it won’t reduce our growing public debt. And he won’t get it all.”

So America’s debt will remain around 80% of GDP for a decade, levels not seen since the 1940s. That’s right, debt will remain dangerously high at least through 2021. And it won’t matter who is president. Class warfare will accelerate this job-killing debt cycle.

2. Investors lose faith, bailing out
Over at the Wall Street Journal Tom Lauricella warns “Investors lose faith in stocks … in a historic retreat, investors world-wide during the three months through August pulled some $92 billion out of stock funds in the developed markets,” more than reversing the total “put into those funds since stocks bottomed in 2009.”

Worse, there’s a “widening belief that the mess left behind by the housing bubble and financial crisis will be a morass to contend with for years.” Yes, many years.

3. Fed surrenders, cannot fix economy
In a Cleveland speech last week Fed Chairman Ben Bernanke warned that with 45% of the unemployed out more than six months, long-term unemployment is now a “national crisis” the Fed cannot fix. “Unheard of … this has never happened in the post-war period.” They’re “losing the skills they had, they are losing their connections, their attachment to the labor force.” But a job-killing Congress won’t act.

4. Wall Street still doesn’t get it
In a recent Foreign Policy article, William Cohan, a former J. P. Morgan Chase managing director and author of “Money and Power: How Goldman Sachs Came to Rule the World,” warns Wall Street not only learned nothing after the 2008 meltdown, they’re aggressively lobbying to kill all reforms that might “break this dangerous cycle in which bankers and traders get very rich while the rest of us suffer from their mistakes.”

Wall Street is deaf, blind and myopic, wants no limits on “all manner of bets on the market,” even at the “risk of a U.S. recession.” Only a catastrophe will wake Wall Street.

5. Yes, America’s second Lost Decade just began
In a Money interview, “Are We the Next Japan?” Nomura Research economist Richard Koo sees “striking similarities between our current malaise” and Japan’s Lost Decade. Their stimulus did work, but then “the Japanese made a horrendous mistake in 1997.”

The IMF told Japan “you’re running a huge fiscal deficit with an aging population … reduce your deficit.” So Japan “cut spending and raised taxes” and “the whole economy came crashing down.” Sure sounds familiar.

Warning: to Wall Street CEOs, the Super Rich, the top 1% who think they own our government … the party’s over. No matter who gets elected in 2012 and 2016, the new Lost Decade 2011-2021 will make life miserable for the president and Congress, as with Japan earlier.

Worse, this Lost Decade will make life miserable for everybody: corporations, investors, consumers, workers, small businesses and all our families, with the kind of economic suffering experienced in the painfully long Great Depression era.
A new Lost Decade is leading to revolution - Paul B. Farrell - MarketWatch
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Old 10-05-2011, 04:47 PM   #109
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The Hill, Oct. 5
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Democrats are rallying behind the “Occupy Wall Street” movement, with several lawmakers endorsing the protests in New York City that have begun to spread to other cities. Several liberal House lawmakers endorsed the protests Wednesday, and the leaders of the Congressional Progressive Caucus said they had been inspired by demonstrators who have been arrested and pepper sprayed during altercations with police...House Democratic Caucus Chairman John Larson (CT) released a statement Wednesday saying, “The silent masses aren't so silent anymore. They are fighting to give voice to the struggles that everyday Americans are going through...While I don't condone their every action, I applaud their standing up for what they believe in."

Rep. Louise Slaughter (D-NY) and Rep. Dennis Kucinich (D-OH) also released statements sympathizing with protesters...Kucinich used the movement as an opportunity to criticize the Federal Reserve....Rep. Barbara Lee (D-CA), a leader in both the Congressional Black and Congressional Progressive caucuses, also gave voice to the protesters this week. "All of us should join that movement," Lee told a liberal crowd gathered in Washington on Tuesday for the Take Back the American Dream conference. Speaking at the same event, Sen. Bernie Sanders (I-VT) endorsed the movement as well. “We have the crooks on Wall Street, and I use that word advisedly--don't misquote me, the word is crooks--whose greed, whose recklessness, whose illegal behavior caused this terrible recession with so much suffering,” Sanders said Tuesday...Still, Sanders warned that the protesters need to adopt a more unified message if they hope to be effective.
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Rep. Ron Paul (R-TX), an outspoken critic across the aisle of the Federal Reserve, also indicated this week that he sympathized with the protesters. “If they were demonstrating peacefully, and making a point, and arguing our case, and drawing attention to the Fed--I would say, good!” Paul said following a town-hall meeting in New Hampshire.
The Hill, Oct. 5
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Herman Cain, another challenger for the Republican nomination, said that he believed the ongoing Occupy Wall Street protests were "orchestrated" to help President Obama, and denounced the protesters during an interview published by the Wall Street Journal. "I don’t have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration," Cain said.
National Journal, Oct. 4
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“I think it’s dangerous, this class warfare,” [Mitt] Romney said to an audience of about 50 people in response to a question about the protests over such issues as high unemployment, home foreclosures and the 2008 corporate bailouts.
New York Magazine, Oct. 5
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The Federal Reserve Chairman hinted at some solidarity with the ongoing Occupy Wall Street demonstration yesterday when he told the Joint Economic Committee that he understands the protesters' frustrations. "I would just say very generally, I think people are quite unhappy with the state of the economy and what’s happening," Bernanke said. "They blame, with some justification, the problems in the financial sector for getting us into this mess, and they’re dissatisfied with the policy response here in Washington. And at some level, I can’t blame them."
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Old 10-05-2011, 05:23 PM   #110
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"I don’t have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration," Cain said.



kind of like you don't know the facts about sexual orientation?

thankfully, the GOP base has never worried much about facts.

it's all about what you believe. do i want to trust a thought in my head? or do i want to trust a feeling in my gut?

Vote Cain '12.
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Old 10-05-2011, 05:30 PM   #111
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The US has been a corporatist oligarchy since the 1970s at least and quite possibly before then. What we've seen in the last few years from the likes of Goldman Sachs, Halliburton and Blackwater is a gradual dropping of the veil. Corporations even get to use private mercenaries to open fire on civilians now when on contract to the US military abroad.

At least the Russians are relatively honest about their oligarchs. The US still waves its cute little constitution around as if it were believable.

It has been behaving (at the behest of its owners, the corporations) like a rogue state in the world for at least a couple of decades now and is in the process of gradually removing constitutional rights for its own citizens as we can see.

Last week a US President made it legal to assassinate US citizens on his order. Even Bush didn't go that far.
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Old 10-05-2011, 05:34 PM   #112
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kind of like you don't know the facts about sexual orientation?

thankfully, the GOP base has never worried much about facts.

it's all about what you believe. do i want to trust a thought in my head? or do i want to trust a feeling in my gut?

Vote Cain '12.

"I am Haagen-Daaz black walnut ice cream," Cain said.
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Old 10-05-2011, 07:24 PM   #113
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I didn't consider it worth responding to. He seemed to be implying that I revel in the murders of policeman which is utterly false. I condemn all forms of violence.
Actually what concerned me about your statistic was the failure to recognize that all but a few police killings are, though regrettable, justified. You also seem blind to the review and civilian oversight that occurs when weapons are discharged or allegations of misconduct are made.

This isn't to say that police officers can't make mistakes, that there aren't a few bad apples or that corruption can't occur within a force. But in the United States our police forces have the support and respect of the vast, vast majority.
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Old 10-05-2011, 07:34 PM   #114
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^ That. Thanks Indy. Headache can certainly speak for himself, but I thought that's what he was getting at too
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Old 10-05-2011, 07:39 PM   #115
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Occupy Wall Street: College Students Urged To Walk Out Today : The Two-Way : NPR
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Occupy Wall Street: College Students Urged To Walk Out Today
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As the Occupy Wall Street protests enter their 19th day and continue to spread well beyond lower Manhattan, there's word from the related "Occupy Colleges" movement that a "nationwide college student walk out" has been called for noon today.

Right now (8 a.m. ET) the website lists 75 colleges where walkouts are expected to happen. The reference to noon is to the local time at each school, the website indicates.
I can report that the student "walk out" was an overwhelming success on the campus of Indiana University today. Right at noon tens of thousands of students walked out of their classes... and went to the Student Union, Mother Bears Pizza or back to their dorms or apartments to have lunch.

I love hippies.
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Old 10-05-2011, 07:41 PM   #116
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Actually what concerned me about your statistic was the failure to recognize that all but a few police killings are, though regrettable, justified. You also seem blind to the review and civilian oversight that occurs when weapons are discharged or allegations of misconduct are made.

This isn't to say that police officers can't make mistakes, that there aren't a few bad apples or that corruption can't occur within a force. But in the United States our police forces have the support and respect of the vast, vast majority.
Points taken. I shouldn't have agreed with the poster who said police were terrorists, I regret that.
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Old 10-05-2011, 09:29 PM   #117
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Classy
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Old 10-05-2011, 09:35 PM   #118
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Points taken. I shouldn't have agreed with the poster who said police were terrorists, I regret that.
Good man. I then withdraw the rest of my hyperbole laden original post. By now I hope you realize that's just my style and should not be taken personally.
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Old 10-06-2011, 01:43 AM   #119
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Points taken. I shouldn't have agreed with the poster who said police were terrorists, I regret that.
I never said all police are terrorists, I was only referring to the ones who were physically harming, arresting, and generally abusing people who were merely exercising their First Amendment rights.

As for people who are blocking traffic, lying down in the middle of the road, do they deserve arrest? Of course they do.

But from those videos, there are a few incidents in which people got brutalized for no damn reason. And I stand by what I said about those specific police officers being terrorists.
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Old 10-06-2011, 12:34 PM   #120
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Occupy Wall Street: College Students Urged To Walk Out Today : The Two-Way : NPR


I can report that the student "walk out" was an overwhelming success on the campus of Indiana University today. Right at noon tens of thousands of students walked out of their classes... and went to the Student Union, Mother Bears Pizza or back to their dorms or apartments to have lunch.

I love hippies.
Occupy Wall Street is everything the Tea Party wishes it was: a genuinely grassroots movement that isn't backed by the likes of Koch Industries. And like the Tea Party, it wants accountability for the financial crisis and spending cuts.
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