Footy from Occupy Wall Street

I dont know what kind of background you have, but you seem to fit in line with those people he was arguing with in NYC. Schiff is for the movement, but believes it should be deflected towards Washington, not wall st.

It was Washingtons Idea to bailout these banks with the US citizens tax money, it was there decision to bailout the automotive industry (which i believe is still a dying industry anyway here in the US), it was there decision to overtake Fannie Mae and Freddie Mac who guaranteed half of the $12 trillion dollar mortgage market.

Of course the US govt did all of this to dodge the impending systemic risk the housing market and credit bubble bursting would have on the world, but by bailing out these companies and industries it was somewhat avoided. What possibly should have happened was the govt should have stood back and let the market decide its own condition. Instead of supporting an overvalued economy, the market would have determined the true value of itself. This is not always a good thing, but neither is supporting a lie, .... the truth hurts sometimes.

I guess my stance is more of a laissez faire stance, and am anti-socialism and anti-Communism. It makes me sad when i here people want the govt to forgive student loans, I am lucky enough that my parents paid for my college education, but when i here students want a free handout it makes me sick. Why did you takes out loans in the first place? What did you think when you were given money to get an education, that you dont need to pay it back with interest?, thats how capitalism works. Not only this, but the govt cant afford to forgive these loans when they are running on a deficit themselves. They keep spending more while the middle class tax base keeps disappearing. From that video i posted, half those people felt they were obliged to Schiff's $200 million+ income. Schiff doesn't even work for a big bank, he owns a brokerage firm in conn. and has earned ever single penny hes maid. How do you think investments work anyway? I guess one guy in the video says "you put your money somewhere and sit on your ass and make huge bucks.' Not really, you actually work your ass of researching a sector and find undervalued investments you believe will payout in the future. Every risky investment come with a return, sometimes positive or negative. If you want a 'risk-free' investment go buy t-bills which are backed by your taxes anyways.

Also to the people complaining about no jobs, you can blame globalization on that. Because labor is cheaper overseas, companies will obviously produce there products there. It is a cost savings to them and a cost saving to consumers in return. I know that FirstDrop produces there outerwear in China and although i have never purchases from them and dont know how much they charge, I can guarantee there product would cost a whole lot more if they made it in the US, and no one would probably buy it and they would have run out of business already.

When the govt decides to spend money to create jobs, they do a very inefficient job of doing it and most likely the job will last for just one year. The solution for job creation is in private business and entrepreneurship. Entrepreneurship in the Technology sector is obviously growing and providing jobs here in the US but at a small scale. However the quality of science and math education seems to be lacking in US high schools. American high schoolers are not competitive in these areas compared to there developing country counterparts, mainly because we grew up wealthy and never experienced being at the bottom. While many students and teachers alike here in the US are motivated, many aren't at the same time due to the teachers union concern on pay and benefits rather than a merit based compensation. A merit only pay increase system will increase a science and math motivation among high schoolers, building a larger US native pool of potential engineers. With technology a major component of entrepreneurial business, this change in the education system will result in an increase in employment in the US. A workforce better trained in science and technology tends to be more productive than other types of workforces. Internationally, US workers are less competitive on a compensation- productivity adjusted basis. To end outsourcing in America we have to focus on the idea of instilling science and tech in the younger generations, with a focus on renewable energy being the first.

Sorry for the 5 page paragraph but just needed to get that out.
 
sorry man but i think youre misinformed. no ones complaining about the "lack" of education. people are upset because they have too much education.

when you get out of college with a degree, and a large monkey on your back (student loans), and can only find a job selling tall T's at Footlocker, it can be a little depressing for some people.

America has put too much emphasis on "getting everyone in college". You dont learn shit in college. Its all a scam. You just get a piece of paper, good grades, and a mountain of debt.

We need to support innovation and creativity, that is what drives economies.
 
And you haven't read this whole thread. Get a degree in something useful and you'll get a job sooner than you can take a shit after you graduate.
 
I'm more educated than you are, brah. But you're right I stopped reading the thread once I got to your misinformed statement.
 
I agree with you so much. It has turned into a socialistic movement against capitalism. Originally I thought this movement was to point out the Crony Capitalism we live under and to demand to capitalism but it has been taken over by a bunch of un-patriotic socialists.
 
And yet your stupidity still amazes me even though you're "more

educated" than me. Read the post that I was quoting, he was saying that

not everybody has equal opportunity, like a kid that lives in an inner city school. Saying his statement was ignorant was probably a little harsh. Anyway, I was referring to high school, and then you brought up college while bashing on my opinion and calling me misinformed. I'm assuming that you're older than me and you're either in college or have gone through it, but you're opinions on college are off if you ask me. You think college is a sham? Please explain.
 
I agree with you to an extent, but by no means is it impossible (or I think, as difficult) as some make it seem to be successful.

My dad grew up in a family that was frequently on food stamps they were so poor. When he graduated high school he worked a number of jobs, from construction to car sales. Eventually he got a job working in the manufacturing plant of a cabinet manufacturer. Through persistence he convinced one of the managers to give him a shot in sales. He then moved his way up to outside sales. He is now the national product manager for a competing company, and makes approximately $60+k a year. He has told me about his past, and there were times when he was working shitty ass jobs, living in a trailer and couldn't even afford to own a small television. He worked his way up and has been able to be a solid provider for our family with NO college degree.

I acknowledge that his success has given me opportunities in life that I otherwise wouldn't have been able to achieve, and I am extremely thankful for that. I go to an out-of-state university, and while the majority of it is going to loans that I will have to pay off in the future, he has been able to provide me with some aid. BUT, most importantly, he has taught me the importance of hard work and perseverance. I've seen my dad go through some very rough times, jobless, and our family struggled for a while on occasion. But he always worked hard, didn't let himself get down, and did what he could.

My father is definitely opposed to what these people are doing, many of them are just asking for hand-outs. They are absolutely shitting on the hard work and success that people like my dad have achieved and what my dad has achieved is something I'm extremely proud of him for.
 
The unfortunate reality is seems, is two pronged. There are a significant portion of college graduates who can't integrate into the US economy at the standard that they've assumed they've earned with their college degree. But there's also a significant quantity of people who are criticising the barriers to entry for university education due to tuition prices.

Ironically the public education system destroys creativity. There's a really good TED talk on this.
 
Read the thread, I explain exactly why. And when is "misinformed"=bashing? You judged the crux of the OWS movement support as people who are unemployed, and did not go to college. You stated that if members of the lower echelons of the socio economin spectrum realized their situation early on they would be able to attend college like the rest of us (which I agree with), and better their situation. At thins point the only conclusion a reader can come up when analyzing your argument is that "the occupy wall street movement is mostly grumbling socialist-leaning poor people who did not go to college."

That makes you misinformed. Which is not really a diss. It just means you should open your eyes to the reality which is that the Occupy Wall Street movement, whether you agree with it or not, exists not because there are 400 people living in a tent city in the financial district of new york city, or in a hundred other cities in this country, it exists because so many Americans actually do have college degrees, do have decent paying jobs, but see some problems. Some people see more problems, some see only a few. But those problems are real to a lot of people, maybe even people you are close with.

I don't mean any hate man, because when I was your age I would have reacted the same way to this. You sound like a smart kid and I encourage all debate, its ALL good in my book. I like how NS is talking about it all, the talk is what makes it real. People are getting involved from the right all the way to the left, regardless of what party they identify with. Look at the Republicans presidential candidates, they are talking about flat taxes at like 10-15 percent across the board. Both conservative and liberal leaning people are feelin the pain of this economy and both are legit trying to shake things up. Its gravy.
 
Yeah you're right, I read over your posts and you weren't bashing me, I overreacted. But really my anger comes from the fact that a lot of people in this Occupy Wallstreet movement are blaming the wrong things. I got on the subject of college when I was saying that it's possible for anyone to get there, and it's bad for someone to be discouraged at a young age.

And I understand that a lot of the people in OWS are educated, many of them have degrees, and I'm sorry if I came off as an arrogant guy. I'm only 16 and I try and soak up as much as I can, and sometimes I get a little too heated and opinionated over something, but I don't always have the knowledge and experience to back it up. Sorry I called you stupid haha.
 
Its all good shit. Like I said, this discourse is what makes America the greatest country on Earth. And you are absolutely right, the OWS movement, despite what I had said about the undercurrent of support it gets from everyday Americans, is still facially represented by people who absolutely do NOT represent even a slice of everyday America. I've been down there at least 4 or 5 times in the last 2 months (i live in brooklyn), and I can't even begin to describe to you the BO. The BO is real. Like a fucking cloud when you get within 30 yards of that place. Whether or not the wooks of OWS hurt the progressive political atmosphere they themselves have spawned remains to be seen. But in the mean time, we are all doing are part by having a hand in where we all go from here.
 


My only

complaint with this system is that the Gov't, gets their money for pennies on

the dollar, look at the rates the fed lend out on. They then turn around and

charge me 5-7 percent on my fedloans. I understand capitalism, I don't

understand the government profiting 5 percent on my education.

Im the

furthest right conservative you can be (not a fox neocon) I'm almost left. I

believe everyone should be entitles to a free college education and free health

care. How bought we cut down the MIC that runs our country and do something

positive instead of invading and killing innocent people.-just a thought



 
Just because the population of permanent occupants are representationally "fringe", doesn't mean they aren't representative of American concerns. Think about the Vietnam war; it was the vocal minority of University students who had sufficient free time and lack of concern about social norms and being complacent within their social structures that created anti-war social movement protests, but the majority was royally pissed with the government's decision making. These vocal minorities only have the ability to survive when they can sustain themselves off the sentiments of the collective unconscious, and that's exactly what is happening now with the occupy movement.
 
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