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HomeOff Topics News & Politics › !! Occupy Wall St !! Anybody Going?
10-16-2011 04:03 PM  7 years agoPost 121
Dennis (RIP)

rrApprentice

Oregon

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Listen up everyone- Dennis is receiving ENTITLEMENTS. Yet I seem to recall him saying how 'bad and evil' they were.
SS is an entitlement only for those that don't pay into it, but receive benefits from it.

Who did I say was 'bad and evil' ????????

Those are your words. Not mine.

Lazy and a 'give me' attitude is more like it.

Once again, and predictably;

Wrong Target. Wrong Message.

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10-16-2011 05:36 PM  7 years agoPost 122
Havoc

rrElite Veteran

Ky.

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I love it when the Bush NutJob supporters say the banks worked for and payed all the bailout funds back to the taxpayers. Can someone please explain this to me?
You probably never got an answer because anyone who would answer it dismisses the question after the first insult. But there were gimmicks used to accomplish this and those were largely political also. The biggest being that Paulson forced some banks to take the money despite not needing it. Thus strong and risk adverse banks had to take the money. Failure to take it while threats of more regulation dangled above their heads made them fear they would be targeted or stigmatized (as they were anyway). But those healthy banks did what they always do an made wise investments which allowed them to return it with interest. This helped offset the losses of the troubled banks. The troubled banks also were able to dump their government induced crap onto Fannie and Freddie who was bailed out with another program. Sure TARP should have never happened but then neither should government-sponsored enterprises have happened. Government can't create markets as they don't comprehend the risks since they use other people's money. They only comprehend political fallout. When they fail at market creation, as they most always do, they should take responsibility. But there is no incentive to do that either as they are worried about votes. So they point at the instruments they used and blame them. Those OWS protestors want Obama re-elected. Yet Obama’s top campaign contributors include some of Wall Street’s biggest investment banks. Which makes the protestors look that much more naive and used. They blame capitalism for the failure of crony capitalism and want the institutions that fester the crony capitalism to have even more power for more cronyism which will thus demonize capitalism further. They want to pretend that the cronyism started with the 'fix' and wasn't the cause. At least among the percentage of them that aren't just there to live out their 1960s fantasy. We still aren't clear what that percentage is.

Sorry this doesn't fit on a street sign.

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10-16-2011 05:57 PM  7 years agoPost 123
Dragon2115

rrKey Veteran

New England

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I love it when the Bush NutJob supporters say the banks worked for and payed all the bailout funds back to the taxpayers. Can someone please explain this to me?
Ok, I'll take a swing at it. It's like this, we work on a fractional banking system meaning the bank doesn't physically have on hand all of the money necessary to cover all of the deposits of it's customers shoudl they all line up at the door demanding their money. In the fall of 2008 everyone was in a panic that there would be a run on the banks ala 1929 crashing the banking system. So they came up with the $700 billion TARP law. This provided capital to the banks so that they wouldn't fail. But as it turned out there wasn't any run on the banks and the money was largely unnecessary. So the banks paid it back. IIRC all but around $20 billion to date.

Now, if you want to talk about executives and their board of directors sapping money out of the corporations by paying themselves grotesque salaries and bonuses that's a whole different topic. Unfortunately people try to simplify things and mash the two together which isn't right. The reason I say that is because it's not just a "bankster" problem. On the contrary, it's everywhere. Why do we pay people millions of dollars a year to play games (sports stars) or to play make believe (actors) when there are literally thousands of people waiting in line to take their place? We bitch about jobs going overseas but at the same time union bosses are pricing their members right out of the market, even compared to their domestic non-union counterparts. So it's not just a problem with business executives, it's a problem throughout our society and as long as we don't want to address it then the worse it's going to get. The problem is we don't want to have government step in and decide what each job should pay either. That would be worse than the original problem in the long run.

Oh and btw, I'm no fan of Bush.

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10-16-2011 05:58 PM  7 years agoPost 124
Dennis (RIP)

rrApprentice

Oregon

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Well said Havoc.

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10-17-2011 02:10 AM  7 years agoPost 125
Metalizer

rrApprentice

Canton, Ohio

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Sorry this doesn't fit on a street sign.

No it doesn't, but thanks for the time to explain. The only thing i don't agree with is all the protesters supporting Obama. Maybe at one time they did. Now they want their change back. Also, when the banksters received the bailout funds, did they not just create more digital funds to repay the loan? Hardly seems like they worked to hard to repay such a huge amount so quickly.
Oh and btw, I'm no fan of Bush.

Thank goodness. BTW, I'm no Obama Fan despite what some may say for rag-ing on the Sellout Bush Bastards.

Its no mistake that just before the SHTF in 08, fuel prices tripled.Not just gas, but all means to heat the house. Then to add to that the banksters nearly doubled mortgage rates to those that could not get a fixed rate. Yes i know, they where dumb for going that route and get what they deserve

The Protesters are barking up the right tree since Wall Street controls energy...Or is it government?

Wait till the UN-employment runs out for the millions on a three year paid vacation. Do you think they will be looney liberal Protesters?

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10-17-2011 02:22 AM  7 years agoPost 126
Dennis (RIP)

rrApprentice

Oregon

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Its no mistake that just before the SHTF in 08, fuel prices tripled.
Please explain.

Fuel prices at the pump did not double until after the gulf of mex oil spill. Then, the Obummer shut down production in the gulf of mex. Then, he started it up again later with tons of regulations. It still is not nowhere near where is was before the big spill because of the new regulations. Thats why fuel prices at the pump have doubled.

Now, fuel prices at the pump are 80% higher than when the Obummer took office.
The Protesters are barking up the right tree since Wall Street controls energy...
Please explain how Wall Street controls energy ????????

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10-17-2011 02:28 AM  7 years agoPost 127
Metalizer

rrApprentice

Canton, Ohio

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Dennis
I don't know what you was doing, but fuel prices skyrocketed when Bush was running the show. Way before the golf oil spill.

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10-17-2011 02:32 AM  7 years agoPost 128
Yeehaanow

rrApprentice

Vermont

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waste

-Tim

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10-17-2011 02:34 AM  7 years agoPost 129
Metalizer

rrApprentice

Canton, Ohio

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Please explain how Wall Street controls energy ????????
One way is by speculators. Please tell me why my electric company is on the stock exchange in the first place?

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10-17-2011 02:36 AM  7 years agoPost 130
Metalizer

rrApprentice

Canton, Ohio

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Tell me exactly how many people have never paid into it that are receiving benefits?
I would guess millions.

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10-17-2011 02:42 AM  7 years agoPost 131
Metalizer

rrApprentice

Canton, Ohio

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Tell me exactly how many people have never paid into it that are receiving benefits?
Dennis! When you come up with that figure, please tell me "(exactly)" how you came up with that number.

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10-17-2011 02:45 AM  7 years agoPost 132
Yeehaanow

rrApprentice

Vermont

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Only facts have any meaning.

-Tim

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10-17-2011 03:08 AM  7 years agoPost 133
flustercluck

rrVeteran

Newnan Ga (Just S. of ATL)

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Please explain how Wall Street controls energy ????????
One way is by speculators.
Attendant Question: is financial speculation legal, or not?
Please tell me why my electric company is on the stock exchange in the first place?
Hmmm...this is a tough one......how about.... it's a PUBLIC CORPRATION??

Oh wait!!! I get it!!!!

Let's nationalize the utilities, so we can get stuff for free!!!

Quick! make a sign & join the mob!!

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10-17-2011 03:10 AM  7 years agoPost 134
baby uh1

rrVeteran

St. James, Mo.

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Isn't it common knowledge that millions of illegals are on SS of some sort?

Anything is possible if you don't know what you are talking about!

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10-17-2011 03:11 AM  7 years agoPost 135
flustercluck

rrVeteran

Newnan Ga (Just S. of ATL)

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Look, people- can we have some freakin LOGIC and REASON here, please??!!

Are the Occupiers alleging laws have been broken by for-profit entities, like banks?

Yes, or no?

If YES, bring the indictments.

If NO, then change whatever friggin laws you don't like or agree with!!!

But if ya wanna change the freakin laws, tax the rich, redistribute the wealth, etc etc ad nauseum, then march on WASHINGTON DC and present a redress of your grieveances!!!! Be specific, rather than just freakin whining!!!

But get the crap off Wall Steet!

ps- a protest without a coherent message is a MOB.

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10-17-2011 03:14 AM  7 years agoPost 136
Metalizer

rrApprentice

Canton, Ohio

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Let's nationalize the utilities, so we can get stuff for free!!!
Was this not part of the New Deal that the Tax Payers payed for and our fathers labored for. (hint) Hover Dam

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10-17-2011 03:32 AM  7 years agoPost 137
Dennis (RIP)

rrApprentice

Oregon

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Tell me exactly how many people have never paid into it that are receiving benefits?
I don't have that number. That number can only be produced by the government.

I can tell you my personal experience.

When I went down to our local SS office to apply, the waiting room was filled with young single mothers with kids and Hispanics. There was only a few of us old folks there.

I do have to say that they took care of me quite easily once they had my info at the least inconvenience to me.

But, what were all those other folks doing there? It does not take to much intelligence to figure out that the lions share of the people in that waiting room had not paid into that system. So, what were they doing there?
One way is by speculators. Please tell me why my electric company is on the stock exchange in the first place?
Bullsh#t. Fuel prices at the pump are set by supply & demand. A perfect example of that is what happened after the gulf of mex oil spill. That affected our supply. The supply went down and we still had the same demand. Thus: The price went up. Oil production has not returned since the gulf of mex oil spill. So, the price stays up.

Speculators affect the price of oil somewhat. But, no where near the same as supply & demand.
And you're STILL avoiding the whole More bank Regs vs Less bank regs.
Look, standard bank regs since the depression had been in place for home loans since the great depression. That all changed when Clinton signed into legislation changing that thinking we could have more home owners in the USA if we loosened home loan requirements. Greedy mortgage investors got into the picture and sent lobbyists to DC to get bank regs loosened even more. Over a period of time, it got worse and worse as campaign contributions got bigger and bigger. Companies like Country Wide Financial (they were the worst of all of them) were signing on anyone who breathed air and walked on 2 legs home loan applications by the hundreds with zero down payment and balloon payments down the road secretly hidden in home loan contracts. They even falsified home loan application for quick approval. Then sold those large mortgage packages to Fannie & Freddy, all with a AAA rating form S&P. It got worse and worse as large mortgage contracts were sold to Fannie & Freddy with AAA ratings form S&P. All government backed. No one individual was at risk because of the government backing and the AAA ratings from S&P that big mortgage companies were paying S&P for.

Of course, we got to the end of 2008 and the banking system could no longer support all those risky home loans, foreclosure were pacing along at record levels. The big mortgage companies like A&G no longer had funds to back up those risky loans for the banks.

You know the rest of the story. The point being is that Wall Street had nothing to do with it other than investors investing in "AAA" rated companies.

The part that is bad news about is that the leaders in Washington DC that had direct responsibility for the continued loosening of home loan regs for the banks are walking free, still in office, and have done absolutely nothing at all to prevent the same thing from happening. They have passed legislation, sure. But, that new legislation does not one thing to prevent the same thing form happening in the future.

The political clowns the were so campaign dollar greedy and totally incompetent even though Bush admin officials went to Congress and gave repeated warnings that we could not support the system as it was being run. That was done repeatedly and there are plenty of YouTube videos to prove that. Look those up yourself as I am tired of doing it.

Once again, I highly recommend you all read "Reckless Endangerment" by Gretchen Morgenson. If you read that book, you will remember dates and names, and it will all come clear to you.

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10-17-2011 04:06 AM  7 years agoPost 138
Metalizer

rrApprentice

Canton, Ohio

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Bullsh#t. Fuel prices at the pump are set by supply & demand. A perfect example of that is what happened after the gulf of mex oil spill. That affected our supply. The supply went down and we still had the same demand. Thus: The price went up. Oil production has not returned since the gulf of mex oil spill. So, the price stays up.
Speculators affect the price of oil somewhat. But, no where near the same as supply & demand.
Hmmm... I wander how we could get rid of that old pesky supply n demand thing.? Maybe build some more old gas refineries. How about just opening the old ones back up. Wam Bam Thank Ya Mam

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10-17-2011 04:12 AM  7 years agoPost 139
Dennis (RIP)

rrApprentice

Oregon

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Maybe build some more old gas refineries. How about just opening the old ones back up. Wam Bam Thank Ya Mam
More refining capabilities and go for much, much more oil on our own soil rather than someone elses.

That would do it.

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10-17-2011 04:25 AM  7 years agoPost 140
Metalizer

rrApprentice

Canton, Ohio

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More refining capabilities and go for much, much more oil on our own soil rather than someone elses.
That would do it.
I believe so also. Its working very good for China. (Cheap Energy)

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HomeOff Topics News & Politics › !! Occupy Wall St !! Anybody Going?
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