Superrich versus America's future
But to truly understand how this class war is predicting what lies ahead, know that class war is not just between the superrich and the 99%. It is more a generational war between America's youth and a wealthy, entrenched establishment. The young helped elect the president and expected "change we can believe in." Unfortunately things got worse, and they're mad as hell.
Investors, especially, had better watch out: This pent-up energy in America's youth is building to a critical mass (as happened in Europe and the Arab world, and now in China and Russia), and it will explode across the economic and political landscape in 2012.
In the final analysis, however, you sense that in spite of their accelerating rage against the establishment, America's youth, our next great generation, also had a sudden epiphany and learned a crucial lesson. Oh yes. Because their enemies didn't just give them a great gift, but also inadvertently trained them in using a more aggressive special-ops, guerrilla, quick-strike strategy. Listen and you'll see what they learned in one night raid against them:
"Why can't the American power elite engage with the nation's young?
"Instead, they stayed aloof, ignored us and wished us away," then "attacked us in Zuccotti Park in the dead of the night.
"Bloomberg's raid was carried out with military precision. The surprise attack began at 1 a.m. with a media blackout. The encampment was surrounded by riot police, credentialed mainstream journalists who tried to enter were pushed back or arrested, and the airspace was closed to news helicopters. What happened next was a blur of tear gas; a bulldozer; confiscation or destruction of everything in the park, including 5,000 books; upward of 150 arrests; and the deployment of a Long Range Acoustic Device, the infamous 'sound cannon' best known for its military use in Iraq. . . .
"This kind of military mindset and violent response to nonviolent protesters makes no sense. It did not work in the Middle East, and it's not going to work in America either. This is the bottom line . . . you cannot attack your young and get away with it."
Repeat that "bottom line . . . you cannot attack your young and get away with it." And yet, that's exactly what Wall Street, America's superrich, their lobbyists and all their bought politicians are doing: "attacking our young." Attacking our next generation. Attacking America's future.
Our leaders are ideologically blind to the need to invest and invest big in jobs before this accelerating rage reaches a critical mass and ignites, triggering another American Revolution and the Second Great Depression.
VIDEO ON MSN MONEY
To add to my previous posts, I submit the following copy/paste from another thread (I take no credit for this, it was someone else who researched and posted it, but I think it says a lot):
Princeton political scientist Larry Bartels studied the voting behavior of US senators in the early '90s and discovered that they respond far more to the desires of high-income groups than to anyone else. By itself, that's not a surprise. He also found that Republicans don't respond at all to the desires of voters with modest incomes. Maybe that's not a surprise, either. But this should be: Bartels found that Democratic senators don't respond to the desires of these voters, either. At all!
It doesn't take a multivariate correlation to conclude that these two things are tightly related: If politicians care almost exclusively about the concerns of the rich, it makes sense that over the past decades they've enacted policies that have ended up benefiting the rich. And if you're not rich yourself, this is a problem. First and foremost, it's an economic problem because it's siphoned vast sums of money from the pockets of most Americans into those of the ultrawealthy. At the same time, relentless concentration of wealth and power among the rich is deeply corrosive in a democracy, and this makes it a profoundly political problem as well.
Bottom line, it's not one party, or the other, at fault, it's both, so quit the finger pointing and bickering at each other. I am neither DEM nor GOPer (used to be, they lost me). I am neither totally conservative, nor totally liberal, I consider myself a moderate. My ideology: Middle Class and Main Street. Now there are those of you who will refuse to believe me and/or hate me for what I say. Frankly my dears.......I don't give a damn!
The American people sent a message to Congress about the payroll tax, and yes they will keep sending messages, especially in the 2012 elections.
The morons are the people in Congress, and all their special interests groups who are the ones from keeping this economy growing, and creating jobs, to those so called job creators with all those tax breaks, where are the JOBS????
The American people are fed up and our voices will be heard!
You know, there's a nice park right across the street where you could set up tents, within view of the White House, too....
Politicians acting like they have no connection to their super pac, what a joke!
Reenact the "Glass Steegal Act" Time to regulate the banks just as was done in 1933 to avert any possible chance of another "Great Depression", the banks lobbied hard in 1998 to have the Act Repealed by Clinton and both the House and Senate in full Bi-partisan agreement pressured the President on behalf of the Banks.
When the smoke clears and history reveals itself we will find that not even 5 years after Clinton deregulated the Big Banks the "Great Recession" had already begun..........
Regan removed government regulations of the S&L's in 1982 and in 1990 we had Daddy Bush's "S&L Crisis" which saw the Federal Government shutting down Savings and Loan institutions and selling off the holdings for pennies on the dollar.....
It took until 1995 for the Clinton Admin to overcome the downturn in property values due to the Appraisal Industry using S&L Foreclosure Fire Sales controlled by the RTC (Resolution Trust), this was a situation of deregulation of S&L's allowing them to act as Big Banks without the Regulation of the Glass Steegal Act Regulation..........and the results were the EXACT SAME AS WE HAVE NOW!
Check your Party Affiliation at the Door! This is all about Logic and Common Sense Now!
The only thing the 1% have to fear from these pseudohippies is getting a cramp laughing at them.
If they want jobs and prosperity and manageable college debt, here's a little formula for them:
- Take a useful major, e.g. engineering, accounting, business, etc. if you want a job at graduation. If you take sociology or art history, good luck, but don't whine to me when you have no skills.
- Work through college. I did, and full time. Still graduated near the top of my class.
- Go to school locally, and start at branch campuses.
- If you must take out loans, understand the ramifications of doing so, and be prepared to pay them back.
- Work hard, party less.
- Expect to start at the bottom after graduation. Your first job will be $h!tty. Deal with it.
- Get raises by working hard and putting in extra effort. Try to conform. Nobody promotes freaks.
- Did I mention work hard?
BTW, for any OWS taking notes, you're getting this advice for free. You should be happy, that's the way you seem to want everything else...
Why are you angry at corporations and their managers? They are just maximizing their tax deductions and taking whatever loopholes the congress has given them. YOU DO THE SAME THING! If you want to be angry at someone....try CONGRESS! Want change....forget corporations, and vote out every incumbent politician in the next election. Wow, will you see some changes!
But these entitled, coddled, morons are to stupid to think of that. They would rather camp out and complain about corporations who fund their parents' college savings plans.....you know, the plans that paid for their college tuition.
If there are 10 jobs and 20 people, there will be 10 unemployed.
If there are 20 jobs and 20 people, there will be no unemployed.
If there are 20 jobs, and then 10 jobs are outsourced, that does not mean that 10 Americans suddenly became lazy hippies.
Statistically, the unemployment rate has very little to do with personal attributes in the workforce, it is a function of viable employment opportunities.
I graduated in 2010 with $40,000 in student debt. No financial help from my parents, who do not have college degrees but work hard. I filled out my resume and applied. I got a job and now my student loans are down to $30,000. Weird?
You don't start at the top and you have to live within your means. You may have to move to a different geographical location but you have to start somewhere. As a young adult in my 20's I'm embarrassed of OWS.
There will always be someone that is better and who makes more. Swallow your pride and go get a job. I bet all the effort you put into protesting you could have had at least ten job applications filled out and proabably a job.
I think Martini has it right. I am concerned as a small business owner (35 employees) that these people seem to paint an awful lot of us (AMERICANS) with the same brush. I am not rich. I provide jobs by hiring when there is a need and the position will make profit and sense. This group concerns me because of the undefined word of "rich"..... Most of this group has no life experience or military experience. They sure don't have enough of anything to tell me how to run my business. They also have no right to a job. They have the right to compete for jobs. Usually the winner in the job interview is at least not a subversive. This group will never get past a pissing match with the police. To be truly effective they will need to be up close and personal in a real business' parking lot. When that happens I think they will have the experience of a lifetime!!!!! The average business man feels the same about his marginal profits as Wall Street feels about their huge profits. The retribution from these small business owners will be something this group will have never anticipated as a possibility. BRING IT.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
[BRIEFING.COM] The major averages have continued their climb towards yesterday's closing levels. The Dow trades with a loss of just three points as the relative strength of Procter & Gamble (PG 81.93, +3.23) and Wal-Mart (WMT 77.08, +0.75) partially overshadows the weakness of most other components of the price-weighted index.
Although the key indices have recovered a good portion of their losses, the CBOE Volatility Index (VIX ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|