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**Willi** · October 11, 2011, 08:51 AM

Yuh read my Panic post from Krugman?

**MdmeX** · October 11, 2011, 10:13 AM

Why don't they march on the houses of the politicians, who are in Wall Street's pockets.

Such hypocrisy - I notice some multi-million $ men, showing face, they should start off by walking with the check book and just giving away some of the wealth - right on the spot.

Tell the politicos to give back every damn $ they got from the PAC fund!

**MdmeX** · October 11, 2011, 10:40 AM

Comments

Kanye West and Russell Simmons are both CORPORATIONS themselves,they are the ones the protestors are against. Both men are investors in Wall St and have affiliation and do business with companies who have outsourced jobs from America to foreign countries who abuse their workers, pay them pittance for salary and take advantage of them.Russell rips people off with some pre-paid debt card scam that charges outrageous interest fees and such. They have no business at the Occupy Wall St protest

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Who is Simmons kidding about wanting to pay more taxes...Whose stopping him? Another liberal hypocrite? write a check and sent to to the government ...not to Obama....

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Will they march to George Soros home as well, hoe about Immelt the CEO who is sending all those jobs his company GE is shipping off to China. Lets have no sacred cows; i.e., liberal elitists who disquise themselves as being for the working class Joe and Jane while profiteering on the backs of the working middle class. If the demonstrators want to point fingers they should raise both hands because there is enough blame to go around on both sides.

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**Islandman** · October 11, 2011, 10:50 AM

These people who say that the rich people who talk about paying more taxes should just write a check to the IRS are missing the wider point. This is not a lifestyle issue that you should be free to choose to do or not do. It is the tax SYSTEM that needs to be changed for the benefit of the society.

As I understand it there are a lot of different viewpoints among the Occupy Wall Street crowd. They are by no means all against corporations or business.

As to wether Simmonds or Kanye are there legitimately or as a PR stunt I can't say.

**MdmeX** · October 11, 2011, 11:06 AM

Likewise is not the "Greedy Banks" that caused all the housing foreclosures. Some of it was greed on the part of stupid folks, who forgot how to add and subtract.

**Islandman** · October 11, 2011, 11:23 AM

Absolutely. Greed comes in many flavours.

The difference is that the regular people got left holding the bag and the "greedy bankers" got bailed out and/or walked away with thier millions in guaranteed compensation. Thats what really has ********ed people off.

**Willi** · October 11, 2011, 11:25 AM

Panic of the Plutocrats
By PAUL KRUGMAN

It remains to be seen whether the Occupy Wall Street protests will change America's direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of the wealthiest hundredth of a percent.
And this reaction tells you something important - namely, that the extremists threatening American values are what F.D.R. called "economic royalists," not the people camping in Zuccotti Park.
Consider first how Republican politicians have portrayed the modest-sized if growing demonstrations, which have involved some confrontations with the police - confrontations that seem to have involved a lot of police overreaction - but nothing one could call a riot. And there has in fact been nothing so far to match the behavior of Tea Party crowds in the summer of 2009.
Nonetheless, Eric Cantor, the House majority leader, has denounced "mobs" and "the pitting of Americans against Americans." The G.O.P. presidential candidates have weighed in, with Mitt Romney accusing the protesters of waging "class warfare," while Herman Cain calls them "anti-American." My favorite, however, is Senator Rand Paul, who for some reason worries that the protesters will start seizing iPads, because they believe rich people don't deserve to have them.
Michael Bloomberg, New York's mayor and a financial-industry titan in his own right, was a bit more moderate, but still accused the protesters of trying to "take the jobs away from people working in this city," a statement that bears no resemblance to the movement's actual goals.
And if you were listening to talking heads on CNBC, you learned that the protesters "let their freak flags fly," and are "aligned with Lenin."
The way to understand all of this is to realize that it's part of a broader syndrome, in which wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.
Last year, you may recall, a number of financial-industry barons went wild over very mild criticism from President Obama. They denounced Mr. Obama as being almost a socialist for endorsing the so-called Volcker rule, which would simply prohibit banks backed by federal guarantees from engaging in risky speculation. And as for their reaction to proposals to close a loophole that lets some of them pay remarkably low taxes - well, Stephen Schwarzman, chairman of the Blackstone Group, compared it to Hitler's invasion of Poland.
And then there's the campaign of character assassination against Elizabeth Warren, the financial reformer now running for the Senate in Massachusetts. Not long ago a YouTube video of Ms. Warren making an eloquent, down-to-earth case for taxes on the rich went viral. Nothing about what she said was radical - it was no more than a modern riff on Oliver Wendell Holmes's famous dictum that "Taxes are what we pay for civilized society."
But listening to the reliable defenders of the wealthy, you'd think that Ms. Warren was the second coming of Leon Trotsky. George Will declared that she has a "collectivist agenda," that she believes that "individualism is a chimera." And Rush Limbaugh called her "a parasite who hates her host. Willing to destroy the host while she sucks the life out of it."
What's going on here? The answer, surely, is that Wall Street's Masters of the Universe realize, deep down, how morally indefensible their position is. They're not John Galt; they're not even Steve Jobs. They're people who got rich by peddling complex financial schemes that, far from delivering clear benefits to the American people, helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens.
Yet they have paid no price. Their institutions were bailed out by taxpayers, with few strings attached. They continue to benefit from explicit and implicit federal guarantees - basically, they're still in a game of heads they win, tails taxpayers lose. And they benefit from tax loopholes that in many cases have people with multimillion-dollar incomes paying lower rates than middle-class families.
This special treatment can't bear close scrutiny - and therefore, as they see it, there must be no close scrutiny. Anyone who points out the obvious, no matter how calmly and moderately, must be demonized and driven from the stage. In fact, the more reasonable and moderate a critic sounds, the more urgently he or she must be demonized, hence the frantic sliming of Elizabeth Warren.
So who's really being un-American here? Not the protesters, who are simply trying to get their voices heard. No, the real extremists here are America's oligarchs, who want to suppress any criticism of the sources of their wealth.

**MdmeX** · October 11, 2011, 12:57 PM

Originally posted by Islandman View Post

Absolutely. Greed comes in many flavours.

The difference is that the regular people got left holding the bag and the "greedy bankers" got bailed out and/or walked away with thier millions in guaranteed compensation. Thats what really has ********ed people off.

Nuff of it is millions of worthless stock

Me have value shares from Jack was a boy, dem soo expire - but nutten $$ to it

**Don1** · October 11, 2011, 07:46 PM

Originally posted by Willi View Post

Yuh read my Panic post from Krugman?

NYT with part im publish ah mi Daily Gleana

**Don1** · October 11, 2011, 07:50 PM

Originally posted by Islandman View Post

These people who say that the rich people who talk about paying more taxes should just write a check to the IRS are missing the wider point. This is not a lifestyle issue that you should be free to choose to do or not do. It is the tax SYSTEM that needs to be changed for the benefit of the society.

As I understand it there are a lot of different viewpoints among the Occupy Wall Street crowd. They are by no means all against corporations or business.

As to wether Simmonds or Kanye are there legitimately or as a PR stunt I can't say.

Very true talk.

I've been down to Zucotti Park several times and it is indeed a motley crew...but very inspiring!! They have changed the entire conversation about the USA politico-economic situation.... everywhere I go people are talking more boldly and more importantly organizing & planning some action

Wi ah plan certain upgrade to dem marketing message...it's a little too muddled and amateurish at the moment
Can't say any more dan dat

**Exile** · October 11, 2011, 08:57 PM

Politics is politics no matter where....no objectivity, no clarity....

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