I borrowed this video clip from our Monks of Miscellaneous Musings.
Dig how well-fed and well-dressed these protestors are.
Everything they wear, everything they eat, it all owes its existence to the banks and corporations and profits they despise.
Of course that's been pointed out lots of times before, but this video clip seemed to be particularly full of chic protestors, so I thought it worth noting.
Dig how well-fed and well-dressed these protestors are.
Everything they wear, everything they eat, it all owes its existence to the banks and corporations and profits they despise.
Of course that's been pointed out lots of times before, but this video clip seemed to be particularly full of chic protestors, so I thought it worth noting.
"Bad policies. Bad process. Bad politics. Those are the three acts in a Greek tragedy that tell the tale of how, in the span of a single generation, the most prosperous and golden state in the nation became an economic basket case.
ReplyDeleteWhen my parents came to California in the 1960’s looking for a better future, they found it here. The state government consumed about half of what it does today after adjusting for both inflation and population. HALF. We had the finest highway system in the world and the finest public school system in the country. California offered a FREE university education to every Californian who wanted one. We produced water and electricity so cheaply that some communities didn’t bother to meter the stuff. Our unemployment rate consistently ran well below the national rate and our diversified economy was nearly recession-proof.
One thing – and one thing only – changed in those years: public policy. The political Left gradually gained dominance over California’s government and has imposed a disastrous agenda of radical and retrograde policies that have destroyed the quality of life that Californians once took for granted."
Rep. Tom McClintock speech to the Council for National Policy - Real Clear Politics
Wonder what #Occupiers would say to that.
The big problem with the Occupy Wall Street is an almost complete lack of selectivity: they seem to figure that everyone on Wall Street is equally evil.
ReplyDeletePersonally, I don't think even a majority of Wall Street bankers are evil. Probably not even 10% are.
The thing is, that 10% has been running essentially a counterfeiting racket ever since about mid-1995, pumping up bubbles to create fictitious money out of things like wildly overvalued stocks and loans that can never be repaid, and then dumping it onto unsuspecting suckers who end up taking the fall for it.
The pump-and-dumpers aren't doing anybody any favors except themselves. They cause inflation when they are pumping, and then wipe out savings of rich and poor alike when they are dumping. And I am willing to bet that they are, right now, casting about for the next bubble to inflate with the pot of ill-gotten and unproductive money that they essentially printed on their virtual printing presses last time.
The legitimate businessmen and honest bankers should be as opposed to these jokers as much as anybody. At least, I hope they are. Otherwise it is all going to happen again around 2020, give or take a few years.
The student loan racket, the subprime mortgage debacle, and the public employee pension scam are all, at root, creations of government. I have no illusions about the moral rectitude of bankers, but the sad truth is that government simply gave away so much money they are currently forced to borrow money to pay the interest on borrowed money.
ReplyDeleteThe only solution to these problems is less spending. The only way to make that happen is the discipline of the ballot box.
Rose, there is gluttony all over the place, but the protestors only recognize one kind.
ReplyDeleteTim, I completely agree. Te vast majority of businesses are honest and valuable. They have to be in order to remain solvent. Killing everything to punish a few is crazy.
ReplyDeleteSA, isn't it ironic that the biggest business of all is the government and that's what these people are turning to?
ReplyDelete