Unions give Wall Street protesters some oomph

[freeatlast]

A diverse group of powerful unions joined demonstrations near Wall Street on Wednesday, lending focus, credibility and potentially hundreds of participants to a group that started out with a few college students camping out in lower Manhattan....
http://news.yahoo.com/unions-wall-street-protesters-oomph-160657181.html

 

[targus]

As an unofficial arm of the Democrat party, by the unions getting involved the Democrat party has co-opted and taken over the Wall Street Protest.

It is not a grass roots movement now, if it ever was, and is just another re-elect Obama campaign tool that will be supported by the mainstream media as if it were something real.

 

[freeatlast]

As an unofficial arm of the Democrat party, by the unions getting involved the Democrat party has co-opted and taken over the Wall Street Protest.

It is not a grass roots movement now, if it ever was, and is just another re-elect Obama campaign tool that will be supported by the mainstream media as if it were something real.

OH, Please!

 

[targus]

OH, Please!

Touche.

You can see that what's important in this is taking the focus off of Obama's share of responsibilty for the economy and putting it on the evil greedy rich, right?

 

[freeatlast]

Touche.

You can see that what's important in this is taking the focus off of Obama's share of responsibilty for the economy and putting it on the evil greedy rich, right?

I am not sure how others see this but I see this President as holding great responsibility because of how he has been irresponsible with the greedy. He will not deal with them so now the people are rising up in protest.

 

[Mexdeaf]

It's just another bunch of ignorant and idealistic college students and ne'er-do-wells who have no idea what they are doing.

 

[billwald]

Someone please explain . . . when the top 1% owns 99% of everything why will they care if anyone in the old middle class has a job?

 

[Havensdad]

I am not sure how others see this but I see this President as holding great responsibility because of how he has been irresponsible with the greedy. He will not deal with them so now the people are rising up in protest.

How is the president (as much as I dislike that man), supposed to "deal" with people being greedy with their own stuff? They have a RIGHT to be greedy with their own stuff. Its theirs. Not saying it is morally right, but its none of the government's business.

 

[carpro]

Someone please explain . . . when the top 1% owns 99% of everything why will they care if anyone in the old middle class has a job?

I can't.

Wealth envy is not in my makeup.

 

[freeatlast]

How is the president (as much as I dislike that man), supposed to "deal" with people being greedy with their own stuff? They have a RIGHT to be greedy with their own stuff. Its theirs. Not saying it is morally right, but its none of the government's business.

I am not talking about what is theirs. I am talking about taking government money intended to be used to keep the economy strong and use it to add to ones already riches with bonuses. I could care less what they do with money that have honestly and legally earned.

 

[targus]

I am not talking about what is theirs. I am talking about taking government money intended to be used to keep the economy strong and use it to add to ones already riches with bonuses. I could care less what they do with money that have honestly and legally earned.

If the government money was intended to be used to keep the economy strong then the loan agreement between the banks and the government should have been specific in how it was to be used.

Instead, as usual, the government just ran out throwing money around willey nilley.

BTW how do you know that the bonuses did not come out of honest and legal profits?

 

[freeatlast]

If the government money was intended to be used to keep the economy strong then the loan agreement between the banks and the government should have been specific in how it was to be used.

Instead, as usual, the government just ran out throwing money around willey nilley.

BTW how do you know that the bonuses did not come out of honest and legal profits?

This is where the President and congress failed in not spelling out conditions, but just because the government was lacking in their responsibility does not justify what these greedy banks and wall street did. They knew what it was intended for and miss-used it because they knew they could get away with it. All involved are guilty. The President and the congress all need to be booted out and replaced.

 

[targus]

This is where the President and congress failed in not spelling out conditions, but just because the government was lacking in their responsibility does not justify what these greedy banks and wall street did. They knew what it was intended for and miss-used it because they knew they could get away with it. All involved are guilty. The President and the congress all need to be booted out and replaced.

Misused the money?

How was the money misused?

 

[mandym]

do not let the word "bonuses" fool you. The CEO's did not get a large salary plus a bonus. the Bonus was was their main compensation package. It is the way the industry incentives results.

 

[freeatlast]

Misused the money?

How was the money misused?

Read post #10

 

[targus]

Read post #10

So you think that the money that went to the banks was used to pay bonuses?

If so, you are incorrect.

Any bonuses came out of profits.

The money that you are concerned about was simply reinvested rather than loaned out to bowwers.

Can't say as I blame the banks too much for that decision considering that it was reckless loaning at the insistence of the Democrats that caused the housing bubble, toxic mortgages, and the eventual crash in the economy.

Look at the Democrats most recent loan deal - Solyndra.

How did that work out?

And Obama is still defending it !!! :laugh:

 

[freeatlast]

So you think that the money that went to the banks was used to pay bonuses?

If so, you are incorrect.

Any bonuses came out of profits.

The money that you are concerned about was simply reinvested rather than loaned out to bowwers.

Can't say as I blame the banks too much for that decision considering that it was reckless loaning at the insistence of the Democrats that caused the housing bubble, toxic mortgages, and the eventual crash in the economy.

Look at the Democrats most recent loan deal - Solyndra.

How did that work out?

And Obama is still defending it !!! :laugh:

86% of Bailout Money Used for Executive Bonuses

Banks Using Taxpayer Bailout Money to Pay Bonuses http://www.thetrumpet.com/?q=5625.3950.0.0

 

[targus]

86% of Bailout Money Used for Executive Bonuses

Banks Using Taxpayer Bailout Money to Pay Bonuses http://www.thetrumpet.com/?q=5625.3950.0.0

Your link makes my point.

The bonuses were paid out of other funds - ie. profits.

They were not paid out of the government funds.

 

[mandym]

Why corporate 'bonuses,' though huge, are more like paychecks

 

[Salty]

Someone please explain . . . when the top 1% owns 99% of everything why will they care if anyone in the old middle class has a job?

I will be more than glad to explain it when you provide me a link to a credible source that indicates your stats are valid.