The Wall Street Occupation
- Thread starter Ubereil
- Start date
From a both symbolical and cynical perspective, the ... putting away of the "Occupiers" sends out one imple message :
Money is King !
The state, the government will protect trading and commerce so much as if it was more important than the will of human beings.
The "meta-being" called commerce has managed to get its "cells" together in order to protect it. It could be a hive mind of let's say an ant colony calling it's "soldiers" to put away everything that endangers the colony's queen.
Money is King !
The state, the government will protect trading and commerce so much as if it was more important than the will of human beings.
The "meta-being" called commerce has managed to get its "cells" together in order to protect it. It could be a hive mind of let's say an ant colony calling it's "soldiers" to put away everything that endangers the colony's queen.
GothicGothicness
SasqWatch
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I think this movie explains a lot http://www.youtube.com/watch?gl=SE&v=u6XAPnuFjJc
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Speaking of Wall Street, it's getting hammered again today. The Dow is down by more than 300 points right now.
Not good…
Not good…
dteowner
Shoegazer
Funny that you'd post that after defending the OWS stance against reporting sexual assault to police. From your source:
No mention of getting the rapists counselling there, let alone making it the sole action to be taken.
zahratustra
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I think that's the result of "Super Congress" gridlock. Apparently your lawmakers (on both sides) are completely incapable of reaching any sort of conclusions on anything...
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Thrasher
Wheeee!
Inability of Republicans to compromise after pledging to Grover Norquist that they won't raise taxes is a big part of the problem. Why is the GOP beholden to this idiot?
blatantninja
Resident Redneck Facist
I don't think it really has anything to do with that so much as it does with their pledge to their constituents not to increase taxes. We could turn it around though, why are Democrats so unwilling to cut spending?
zahratustra
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Because spending cuts will mainly affect poor and middle class which are already hit heavily by the crisis?
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Thrasher
Wheeee!
On the contrary, Democrats HAVE compromised to make spending cuts, but Republicans have not compromised to raise taxes, or cut spending on defense. I see no compromise coming from Republicans at all.
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blatantninja
Resident Redneck Facist
Unfortunately, that can't be helped if we want to actually fix the problems of our debt rather than just kick the can down the road a bit.
On some yes, but not nearly as much as is needed. The cuts they have a greed too would barely reduce the expected deficit and it would still be well above what it was at the end of Bush's term, and we were all freaking out during Bush's term about high high the deficit was!
Look, while I am a conservative, I have no real love for the Republican party anymore. I think both of them are a bunch of assholes that are only out to line their own pockets.
Thrasher
Wheeee!
The current set of ninnies in Congress are doing nothing to inspire people and companies to release the purse strings. Cutting the deficit won't help in that matter. Demand needs to rise, not supply.
blatantninja
Resident Redneck Facist
Agree 100% on demand. One of the problems with companies not spending their cash though is that they are extremely (and IMO correctly) concerned about how the level of government deficit and debt is going to affect them. More, or even same, government spending isn't going to fix the problems in the short term, and just make them worse in the long term. It's a bit of a catch 22 unfortunately.
It's like driving a car towards a drawbridge that is up to get to a hospital while your buddy is bleeding in the back seat. If you just hit the gas, you're both dead. If you slow down and wait for the bridge to close, you're buddy may or may not live, but you both won't go face first into the river.
Thrasher
Wheeee!
Really? I have a hard time believing that. That's just rightwing propaganda.
I think they are more concerned about not being able to pay monstrous amounts to their top execs. The large debt actually is keeping interest rates low, and more money in the pool.
blatantninja
Resident Redneck Facist
Sorry, but while I don't disagree that they want to pay their Execs a bunch, you don't hold $10s of billions of dollars in cash to payout your Execs a few hundred million.
They do like the low interest rates (mostly), as it lowers their cost of capital, but the smart companies are more worried about the long term effects of that. One of the main issues they face is that they can end up having to pay higher rates than their credit profile would imply because available funds are being soaked up by the expansion of govt credit. So they end up not benefiting as much from the lower rates as you'd think. Add in that for their cash reserves, they then either have to increase their risk profile, or accept the low rate of govt securities, and they can find themselves in a classic squeeze.
While not an exact parallel, Japan ran into a lot of the same problems in the 80's and its taken them two decades to crawl out of it. And that was WITH a strong export economy, something we no longer have.
dteowner
Shoegazer
One of our corporate muckity-mucks came down last month and stated flat out that we would not be doing any front office hiring and minimal hourly hiring until the real costs and effects of Obamacare were determined. Single data point, but conclude what you will.
That, and the situation in Europe is dragging the market down as well.
Thrasher
Wheeee!
You'd think that after a couple of years, that would be figured out by now? Sounds like an excuse...
blatantninja
Resident Redneck Facist
The full effects aren't even close to being realized yet unfortunately. We'll know more before 2014, but 2012 and 2013 should be very interesting.