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Forum Post: Hey OWS idiots, We the (working) people owe you nothing! no entitlements, no handouts, nothing.

Posted 11 years ago on May 29, 2012, 2:22 p.m. EST by ilovewallstreet (-27)
This content is user submitted and not an official statement

why dont all you OWS idiots go to Quebec and stay there. then you and the smelly socialist Frenches can all sit in cafes, drink your espresso while waiting for your Friday entitlement welfare checks, food stamps, etc which goes on financed by all us "bad guys" working every day and paying 36% tax rates (plus State tax, City tax, and too many other taxes to count). Quit being a loser and quit your whining, complaining and bitching. improve your skills (beyond that worthless 4 year degree in communications or history) and make your own mark in the world. The USA is a free country, meaning we are free to succeed or to fail. Our founding fathers and our Constitution ensured these freedoms, not entitlements or handouts, if you want the latter than go to France, Spain, Portugal ....oh wait...socialistic democracies and excessive entitlements have rendered these economies insolvent. So go to Quebec. and stay there. please.

18 Comments

18 Comments


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[-] 5 points by villru (4) 11 years ago

I have earned a BBA. I am an accountant. In the 50's, a head of household could support a family fine with a bachelors degree. They could have the hopes of paying off a mortgage, buying a new car, going on vacation, etc. Not now, and why? I get no government assistance. I can't afford insurance for my children, unless I don't want to feed them. I drive a 98 pontiac. I owe what my house is worth. I own one computer. I don't own one flat screen tv. I don't have a lap top. I shop at Save a Lot. We don't go on vacations. Why such a difference? I pay too much for commodities because of Wall Street gambling. I can't get good affordable healthcare because of the insurance companies and pharmaceutical company profits. I pray to God that my children or I do not get sick. And I have health insurance through work, but the group policy to cover my children is more than my mortgage payment per month. Something is wrong with that. Thank God my family is health. I work 40 hours per week at a position that fits my degree. What am I doing wrong? What did I do wrong? I never had any family money to fall back on. I did get to where I am all on my own. I do have a student loan. Didn't I do what I was supposed to do for the American dream? So, where is it.

[-] 2 points by gnomunny (6819) from St Louis, MO 11 years ago

Great post. You should consider making this the subject of its own thread to generate discussion.

In the 50's, a blue-collar worker could support a family on a single income. My dad never made more than $7 an hour in the late-60's and early-70's and supported a wife and three kids. We didn't have much in the way of material goods, but never worried where our next meal was coming from, the bills were always paid on time, and we took a vacation every summer.

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[-] 4 points by VQkag (930) 11 years ago

We don't want anything for free. Just want our money back from the 1% criminals who crashed the world economy and took bail out money from us.! From the 1% criminals who perpetrated fraudulent sub prime mortgages, bundled them without disclosing the poor quality then blamed the homeowner victims From the 1% criminals who charge us loan shark level cr card interest rates while borrowing from our govt at less than 1%!, From the 1% criminals who have stolen the govt of the people by excessive donations, lobbying, ridiculous corp personhood. From the 1% criminals who have rigged the tax and regulation system against the 99% and in favor of the 1%. Thats all. We just wan't to reverse the largest redistribution of wealth (from the 99% to the 1%) in human history. The courageous people you call names are working hard for you! Sacrificing for you and all the 99%. While you are advocating for the criminal 1% who have stolen your future. You are speaking for the criminal 1% who have armies of lawyers, lobbyists,accountants and who own the politicians! And still they have convinced half the 99% including you to speak and vote their interests! Vote YOUR interests!. Support OWS. Vote out pro citizens united politicians.

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[-] 2 points by 4TheHumanSocietyProject (504) 11 years ago

Yea because you Wall streeters are such great guys and gals... We just love how you got us in 16 trillion dollars in debt... We do not know what we are doing because OBVIOUSLY you know what you are doing.

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[-] 2 points by RevolutionCA (33) 11 years ago

This post is just an epic fail. Horrible trolling. No one should even seriously respond to this.

[-] 2 points by geo (2638) from Concord, NC 11 years ago

if you want the latter than go to France, Spain, Portugal ....oh wait...socialistic democracies and excessive entitlements have rendered these economies insolvent.

Really? Or was it the failure of the EU? Check your facts.

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[-] 2 points by jph (2652) 11 years ago

Yes, you own us nothing, and we own you even less.., only here in reality we live in a society!

Why do all you knuckle dragging free-marketeers see the world as a vacuum, of rugged free individuals,. when we can clearly see society is an interconnected web of interdependent people benefiting from our mutual connections?

If you don't want to work with the rest of us, then go live on the woods, alone, and with nothing from society,. and stop involving yourself in the conversation of society, as you are apart from it.

[-] 1 points by JIFFYSQUID92 (-994) from Portland, OR 11 years ago

Owe

[-] 1 points by JackHall (413) 11 years ago

"There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy."

http://www.youtube.com/watch?v=c2PsTgqdiDI&feature=related

Fascist Coupe vs Franklin Roosevelt

http://www.youtube.com/watch?v=TRw-OQYDe2M&list=PLAABD0339940FC76A&feature=plpp_play_all [right click]

The Bailouts

http://www.youtube.com/watch?v=MvBwZcmgZwI&list=PL93AE62BCCCBB692F&feature=view_all [right click]

[-] 1 points by arturo (3169) from Shanghai, Shanghai 11 years ago

We don't want anything from you! Where the heck did you get that crazy idea? Most of the people who use this site are working, probably harder than you, because we do our jobs and are politically active also.

All that we want is for Wall Street to stop committing its financial crimes. That's what we're fighting against. If you haven't got the guts to stand up and fight, at least stay out of the way of the people who do.

[-] 1 points by MattLHolck (16833) from San Diego, CA 11 years ago

money is a means of circulating services and resources

[-] 1 points by Neuwurldodr (744) 11 years ago

I'm curious to know what (Wall Street) business you represent, since your post seems to be full of fear and loathing. Obviously you have been bought out and you can do the additional manipulating by buying others out as well. Any one can see that yours is the ranting of someone who has a lot to lose, while the majority of those who are protesting have already lost the gains this country promised its people by virtue of the Constitution and the Bill of Rights and now they realize that you and your kind have no intention of honoring those documents. So, why not do yourself a favor? Just stop YOUR whining and take YOUR ass and those of YOUR constituents, and GO BACK to the land of YOUR forefathers who started this mythological oppressive mess in the first damn place? I believe that would be.......Europe?

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[-] 1 points by JackHall (413) 11 years ago

“The USA is a free country, meaning we are free to succeed or to fail. Our founding fathers and our Constitution ensured these freedoms, not entitlements or handouts”

A little history is nice to know. Who are the real idiots here? How many times has the economy crashed? You’d expect people in the financial sector could learn from their mistakes instead of making the same ones over and over with increasing severity, or finding new ways to screw things up!. Each a worse debacle than the earlier one.

Panic of 1873

http://en.wikipedia.org/wiki/Panic_of_1873

The Panic of 1873 triggered a severe international economic depression in both Europe and the United States that lasted until 1879, and even longer in some countries. The depression was known as the Great Depression until the 1930s, but is now known as the Long Depression.[1] The panic was caused by the fall in demand for silver internationally, which followed Germany's decision to abandon the silver standard in the wake of the Franco-Prussian war.[2]

In 1871, Otto von Bismarck extracted a large indemnity in gold from France and ceased minting silver thaler coins. The first symptoms of the crisis were financial failures in the Austro-Hungarian capital, Vienna, which spread to most of Europe and North America by 1873. It was one of a series of economic crises in the 19th and early 20th centuries. In Britain, the result was two decades of stagnation known as the "Long Depression", which weakened Britain's economic leadership in the world.[3]

Panic of 1884

http://en.wikipedia.org/wiki/Panic_of_1884

The Panic of 1884 was a panic during the Recession of 1882-85. Gold reserves of Europe were depleted and the New York City national banks, with tacit approval of the United States Treasury Department, halted investments in the rest of the United States and called in outstanding loans. A larger crisis was averted when New York Clearing House bailed out banks in risk of failure. Nevertheless, the investment firm Grant & Ward, Marine Bank of New York, and Penn Bank of Pittsburgh along with more than 10,000 small firms failed.

The Depression of 1882-85 or Recession of 1882-85 was a recession in the United States that lasted from March 1882 to May 1885, according to the National Bureau of Economic Research. At 38 months in length this is the third-longest recession in the NBER's chronology of business cycles from 1854 to present. Only the Great Depression and Long Depression of 1873?79 are longer.[1]

Panic of 1893

http://en.wikipedia.org/wiki/Panic_of_1893

The Panic of 1893 was a serious economic depression in the United States and began in 1893. This panic was an extension of the Panic of 1873, and like that earlier crash, was caused by railroad overbuilding and shaky railroad financing which set off a series of bank failures. Compounding market overbuilding and a railroad bubble was a run on the gold supply and a policy of using both gold and silver metals as a peg for the US Dollar value. The Panic of 1893 was the worst economic crisis to hit the nation in its history to that point and, some argue, as bad as the Great Depression of the 1930s.

Panic of 1907

http://en.wikipedia.org/wiki/Panic_of_1907

The Panic of 1907, also known as the 1907 Bankers' Panic, was a financial crisis in the United States. The stock market fell nearly 50% from its peak in 1906, the economy was in recession, and there were numerous runs on banks and trust companies. Its primary cause was a retraction of loans by some banks that began in New York and soon spread across the nation, leading to the closings of banks and businesses. The 1907 panic was the fourth panic in 34 years.

Great Depression

http://en.wikipedia.org/wiki/Great_Depression

The Great Depression was a dramatic, worldwide economic downturn beginning in some countries as early as 1928.[1] The beginning of the Great Depression in the United States is associated with the stock market crash on October 29, 1929, known as Black Tuesday and the end is associated with the onset of the war economy of World War II, beginning around 1939.

The Bush family and the S&L Scandal of 1989

http://rationalrevolution.net/war/bush_family_and_the_s.htm

What is important to note about the S&L scandal is that it was the largest theft in the history of the world and US tax payers are who was robbed.

The problems occurred in the Savings and Loan industry as they relate to theft because the industry was deregulated under the Reagan/Bush administration and restrictions were eased on the industry so much that abuse and misuse of funds became easy, rampant, and went unchecked.

There are several ways in which the Bush family plays into the Savings and Loan scandal, which involves not only many members of the Bush family but also many other politicians that are still in office and still part of the Bush Jr. administration today. Jeb Bush, George Bush Sr., and his son Neil Bush have all been implicated in the Savings and Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars (note that this is about one quarter of our national debt).

http://www.youtube.com/watch?v=pwjeRVZG1CY

Real estate bubble

http://en.wikipedia.org/wiki/Housing_bubble

A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets. It is characterized by rapid increases in valuations of real property such as housing until they reach unsustainable levels relative to incomes and other economic elements.

As of 2007, real estate bubbles have existed in the recent past or are widely believed to still exist in many parts of the world, especially in the United States, Britain, the Netherlands, Italy, Australia, New Zealand, Ireland, Spain, France, Poland, South Africa, Israel, Greece, Bulgaria, Croatia, Canada, Norway, Singapore, South Korea , Sweden, Baltic states, India, Romania, South Korea, Russia, Ukraine and China.

U.S. Federal Reserve Chairman Alan Greenspan said in mid-2005 that "at a minimum, there's a little 'froth' (in the U.S. housing market) ? it's hard not to see that there are a lot of local bubbles" [1]. The Economist magazine, writing at the same time, went further, saying "the worldwide rise in house prices is the biggest bubble in history".[2] Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding negative equity (a mortgage debt higher than the current value of the property)

History of U.S. Stock Market Crashes

http://www.marketvolume.com/info/stock_market_trading/stock_market_crashes.asp

The Crash of 2000 == From 1992-2000, the markets and the economy experienced a period of record expansion. On September 1, 2000, the NASDAQ traded at 4234.33. From September 2000 to January 2, 2001, the NASDAQ dropped 45.9%. In October 2002, the NASDAQ dropped to as low as 1,108.49 - a 78.4% decline from its all-time high of 5,132.52, the level it had established in March 2000.

The cause of crashes:

  1. Corporate Corruption. Many companies fraudulently inflated their profits and used accounting loopholes to hide debt. Corporate officers enjoyed outrageous stock options that diluted company stock;

  2. Overvalued Stocks. There were numerous examples of companies making significant operating losses with no hope of turning a profit for years to come, yet sporting a market capitalization of over a billion dollars;

  3. Daytraders and Momentum Investors. The advent of the Internet enabled online trading –a new, quick, and inexpensive way to trade the markets. This revolution led to millions of new investors and traders entering the markets with little or no experience;

  4. Conflict of Interest between Research Firm Analysts and Investment Bankers. It was common practice for the research arms of investment banks to issue favorable ratings on stocks for which their client companies sought to raise capital. In some cases, companies received highly favorable ratings, even though they were actually in serious financial trouble.

More than $8 TRILLION gone

http://images.moneyandmarkets.com/1162/88139.html

Needless to say, Citigroup's nightmare spooked the entire financial sector: Goldman Sachs fell 5.7%. Wells Fargo dropped 7.7%. Morgan Stanley plunged 10.2%. Bank of America cratered 13.9%. And JP Morgan Chase crashed 17.9%.

For someone who doesn’t know what they are doing, they are being overpaid.

YouTube - Wall Street Bailout - Passing Toxic Assets to taxpayers.url

http://www.youtube.com/watch?v=MvBwZcmgZwI&feature=related

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[-] 0 points by JIFFYSQUID92 (-994) from Portland, OR 11 years ago

Please repost this on a more worthy thread or start a new one.

[-] 1 points by dan1984 (108) from Cumberland, MD 11 years ago

You don't get it, dude. We're not free. Not anymore. A lot of us are clinging to OWS as our last paradigm of hope. The America you know (or think you know), and the one villru here knew is gone.

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[-] 0 points by JIFFYSQUID92 (-994) from Portland, OR 11 years ago

That works for me!

[-] 0 points by JIFFYSQUID92 (-994) from Portland, OR 11 years ago

This is a parody of the typical, ignorant, RepubliCon, American-in-proximity-only, dumbshit. To our forefathers, about whom you haven't a clue, you are a horrifying disappointment, a willing minority (thank Darwin) haplessly readopting the tyranny of Kings that they fought and died to free us from, mindlessly defending them to the exponential expense of your own best interest, blindly attacking your fellow Americans for blatantly erroneous reasons, at the behest of your true enemy, the 1% Kings. And in your state of brainwashed misconceptions, you criticize today's equivalent of our forefathers who are protesting today's equivalent of the King of England ~ the insatiably greedy, would-be Kings of the 1%. All making you are a criminally fallacious, internationally embarrassing, joke. And you are probably proud of your pathetic self. You could be the poster child for the absolute, worldwide legalization of abortion.

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[-] 0 points by Odin (583) 11 years ago

It's amusing to me that you believe that the majority of people here have not, or continue to work hard for what they have. Isn't it true that liberals are better educated on the whole, and far more enlightened, hence I would expect their earning power is higher too.

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