Forum Post: The Carrot on a Stick!

The people suggesting that members of this movement are just a bunch of whining crybabies looking for a government handout or socialists who do not want to work but rather just take from the rich are stuck in the carrot on a stick mentality i.e. “The American Dream”. The American dream is the proverbial carrot on a stick, being dangled in front of us. All you need to do is work hard; buy a bunch of useless stuff and play by the rules and you’ll be on your way to economical freedom. What they forget to tell is that they write the rules, the corporations and the banks, and just when you think you are on economical sound ground they will pull the rug out from under you. I’ve seen many people on here and other posts about this movement deride this movement saying taking on the economical injustice in this country will only cause a lot of good people to lose their 401ks, their savings and retirement. All you need to do is look at what happen to the Paulson & Co. over the last year. Paulson & Co. is one of the world’s five biggest hedge funds. How many 401ks and other retirement plans do you think are invested in this hedge fund? Paulson & Co. tumbled 19.35 percent in September and is down 46.73 percent for the year because of ill-timed bets on economic recovery. The manager of this hedge fund John Paulson rose to fame and fortune due to his savvy bets against the subprime housing bubble. Savvy bets, more like simple street hustles and cons with his partners in crime Goldman Sachs. Your 401ks and other retirement investments would probably be safer in the hands of the local drug dealer, at least the local drug dealer understands supply and demand economics. So for those who believe our economic system is sound, keep following that carrot on a stick. I’m sure the bankers and corporations have your best interest first and foremost on their minds. They would surely accept lower profit margins as long as you their loyal customer was happy. Bank of America so loves its loyal customers they decided that those customers would love to pay an additional $5 a month fee for access to their own money, just to help BOA get out the mess it created for itself by overleveraging itself. And yes the people who signed mortgages they couldn’t afford need to shoulder some of the blame but it takes two to tango. If those banks who made these bad loans had to hold the paper on those loans, instead of bundling them up and selling them to some sucker with a triple a rating slapped on them, do you honestly think they would have made such risky loans?