Do You Support The "Occupy"Protests?

POUND TOWN said:

things ARE irreparably damaged. In order for our economy to get better we need to crash and quit prolonging it as this will only worsen the blow
the longer we wait the worse this is going to be WHEN it happens

and bozos? really? I think the name calling can stop
labeling tens of thousands of people as "bozos" seems kind of bias
this guy might as well be on the fox news payroll!! lol

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In the long run, things could get better on their own but "in the long run, we are all dead"... Just sitting here and allowing the economy to contract for years on end is irresponsible.

The proper response in the liquidity trap is to boost aggregate demand. What's the easiest way to do that? In the form of government spending - whether direct spending or demand side tax cuts. Really, whatever boosts spending will work but the ultimate goal is to close the output gap and thusly reach full employment once again.

Besides the fact that inaction is an economic and human tragedy in terms of employment and national output and competitiveness - inaction is the worse action policymakers can take in respect to our fiscal prospects as well. The longer workers are without jobs and are not paying taxes, the more money the government is forced to borrow in order to meet it's obligations and commitments dictated by current law. A prolonged slump ala Japan will only put us exactly in Japan's shoes - an over 200% debt to GDP burden. Is that really what you want? All current projections of the US debt load show that the short term deficit can be closed primarily just by reaching full employment, but that requires policymakers actually do something about unemployment.

mrboots said:

If all the Tea Party people who were out protesting a few months ago could occupy Washington DC at the same time we would really be getting somewhere.

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I firmly beleive if the occupy movement had started 3 years ago the Tea Party would have been all over it. When the tea party started they were all about; Ending the Federal Reserve private for profit, monopilistic, counterfieting, criminal banking cartel. They were also for returning power to the individual states, getting money out of politics and increasing government transperancy.

Now they have become a legitimate, organized movement sponsored and directly funded by the very corporations who benefit from all the monopolistic, un-capitalistic practices mentioned above, thus they do not support because their masters will withdraw funding.

fdd2blk said:

how much was YOUR bail-out check?

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I also helped bail them out, don't forget that. In fact, I probably did so more than you. But, shit, I'm not complaining

Johnny Retro said:

I also helped bail them out, don't forget that. In fact, I probably did so more than you. But, shit, I'm not complaining

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You should be complaining. It would have cost under 50 billion dollars to restructure every bad loan in the country and end the housing crisis. Instead we handed them nearly a trillion dollars and they didn't fix the problem.

If you're not complaining about that, you're a fool.

Dan Kone said:

You should be complaining. It would have cost under 50 billion dollars to restructure every bad loan in the country and end the housing crisis. Instead we handed them nearly a trillion dollars and they didn't fix the problem.

If you're not complaining about that, you're a fool.

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Yes and have thousands of banks fail and mortgages be auctioned off to other banks and have that 401k your sitting on deplete down to nothing. That would have been MUCH better than paying some more taxes..

Johnny Retro said:

Yes and have thousands of banks fail and mortgages be auctioned off to other banks and have that 401k your sitting on deplete down to nothing. That would have been MUCH better than paying some more taxes..

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So you're going to give in to the demands of terrorists? That sounds like exactly what you're doing. They might as well have a gun and say "give us your money or your 401k dies".

I've moved my corporate accounts already, this friday/saturday I'm moving all my personal accounts to a non-profit customer owned credit union that actually cares more about it's customers than paying out the wealthy elites.

Brick Top said:

.....Frankly, if you knew anything about economics and tax policy as you seem to be claiming you'd know this. You know what else you'd know?

Maybe if you worked with accurate figures and not believe the leftist propaganda and revisionist history you might be better able to understand the results of taxation and as a result be correct rather than incorrect.

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oh no he didnt!

haha, welcome to the board. you will find that mame gets his brainwashing from the little communist troll named krugman. a dispicaple lying POS. not mame, he is ok, just brainwashed and condescending. i was refering to the troll krugman

Holding steady at 66% supporting.

mame said:

In the long run, things could get better on their own but "in the long run, we are all dead"... Just sitting here and allowing the economy to contract for years on end is irresponsible.

The proper response in the liquidity trap is to boost aggregate demand. What's the easiest way to do that? In the form of government spending - whether direct spending or demand side tax cuts. Really, whatever boosts spending will work but the ultimate goal is to close the output gap and thusly reach full employment once again.

Besides the fact that inaction is an economic and human tragedy in terms of employment and national output and competitiveness - inaction is the worse action policymakers can take in respect to our fiscal prospects as well. The longer workers are without jobs and are not paying taxes, the more money the government is forced to borrow in order to meet it's obligations and commitments dictated by current law. A prolonged slump ala Japan will only put us exactly in Japan's shoes - an over 200% debt to GDP burden. Is that really what you want? All current projections of the US debt load show that the short term deficit can be closed primarily just by reaching full employment, but that requires policymakers actually do something about unemployment.

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I have two questions.
1) About the proper response: Stimulus is the classic Keynesian response. Does Keynesian theory have a plan B for situations where the available stimulus cannot deflect large-scale economic failure? Once all the money is spent, is stimulus still the proper response? What's a broke Keynesian to do?

2) How can policy makers conjure millions of jobs in the private sector? Is that even a proper role for government? cn

Tales said:

Holding steady at 66% supporting.

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68% supporting now..

31.7% Brainwashed my the lame stream media/In love with consumerism/ Cold blooded / Part of the System

Fuck yes!!!!

Is this movement gaining steam? 70%

Tales said:

Is this movement gaining steam? 70%

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no, its just that most people here aren't fooled by fox news and friends.

Yes, I support the protesters. And I am actively participating.

I encourage all those who support the occupy movement to have your voice heard. Get out there! Support and participate - any way you can.

Sara Saw It said:

Yes, I support the protesters. And I am actively participating.

I encourage all those who support the occupy movement to have your voice heard. Get out there! Support and participate - any way you can.

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What is your take on the movement, as you have "boots on the ground" so to speak?

Johnny Retro said:

Yes and have thousands of banks fail and mortgages be auctioned off to other banks and have that 401k your sitting on deplete down to nothing.

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If there had to be a bailout taxpayer dollars should have been given to those whose loans were in jeopardy of foreclosure so they could be paid off. Lenders would have still received the money they needed, just not directly, and they would not have been in danger of failing. The housing market would not have ended up flooded with foreclosed houses further driving down the value of home due to supply grossly overwhelming demand and by doing so causing home values to plummet resulting in other homeowners then owing more on their homes than they were worth which then put the lenders in even more peril of failing due to possibly ending up with a large number of houses that were no longer worth what was owed on them.

The whole thing was poorly thought out.

That would have been MUCH better than paying some more taxes..

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What was really insane about it is the homeowners who owed money to the lenders were forced to come to the aid of the lenders they owed money to and bail them out, but in the end the homeowners ended up still owing as much as they previously owed while the lender big-wigs were paid bonuses and got together in Vegas and did other wasteful things with the homeowners tax dollars while some of those taxpayers lost their homes. Doesn't that just seem fundamentally wrong to anyone other than me?

Let the dirty hippys hang out in the street.
You want to change things change it at the ballot box. Vote out the incumbents from both parties then maybe we will start to see some fiscal sanity MAYBE. Power corrupts no matter what your political leanings are.
The problems do not stem from Wall street. Its our Goverment that is the problem. Its gotten so damn rotten. They are pissing our tax money away on special interest and keeping themselves in power.
Imagine what we could have done with the 528 billion that was pissed away on Solyndra a company that "SHOCKINGLY" has ties to democratic fund raisers. That is just the tip of the corruption iceberg.

Put that in your pipe and smoke it.

My 2 cents.

our government takes its cues from corporations. a lot of this stems from the FED and wall street. so to say the ballot box is the most effective means to change things isn't entirely true. these "dirty hippies" are creating an open forum for people to actually be heard.

Tales said:

What is your take on the movement, as you have "boots on the ground" so to speak?

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I think the movement is gaining steam. Last Saturday was a day of international protest. The Occupy movement had protests take place all over the world (e.g., London, Rome, Berlin, Hong Kong, New York, Chicago - to name a few).

I think most Americans can identify with the protester's sentiment because most Americans make up the 99%. So many people identify with the movement because they know something is wrong. We are all going through the same struggles and its because of the system that the elite have created and continue to abuse.

Those that denounce the movement are blind and ignorant about the issues and are hurting themselves and those trying to help them. I know that statement will raise people's defenses - but I don't know how to express that thought more kindly.

I think the movement could make some improvements - not everyone is educated about the issues in the same way. People are outraged - which is a start - but many don't understand why.

I applaud those that get out there everyday to be heard. We all have so much to learn and we can all help each other.

I have to admit that I am hesitant to reveal my opinion because of the expected onslaught of negativity from RIU members. It's sad for me because I would expect more of my comrades, especially those that belong to this forum (a forum of more open minded thinkers) to support my perspective. This could be an example of what we're up against if we really want to change things.

Sara Saw It said:

I think the movement is gaining steam. Last Saturday was a day of international protest. The Occupy movement had protests take place all over the world (e.g., London, Rome, Berlin, Hong Kong, New York, Chicago - to name a few).

I think most Americans can identify with the protester's sentiment because most Americans make up the 99%. So many people identify with the movement because they know something is wrong. We are all going through the same struggles and its because of the system that the elite have created and continue to abuse.

Those that denounce the movement are blind and ignorant about the issues and are hurting themselves and those trying to help them. I know that statement will raise people's defenses - but I don't know how to express that thought more kindly.

I think the movement could make some improvements - not everyone is educated about the issues in the same way. People are outraged - which is a start - but many don't understand why.

I applaud those that get out there everyday to be heard. We all have so much to learn and we can all help each other.

I have to admit that I am hesitant to reveal my opinion because of the expected onslaught of negativity from RIU members. It's sad for me because I would expect more of my comrades, especially those that belong to this forum (a forum of more open minded thinkers) to support my perspective. This could be an example of what we're up against if we really want to change things.

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I agree with your statement about the neg here on RUI. It is good to have a diverse group of people here with differing opinions, I support differing opinions, even when those opinions are..... ummm wack, lets say.

I definitely expected to have more support though, but this clearly shows that even in a forum like this one, people will not always agree.

I am glad that people are activating and taking a stand. The fact that people are waking up all over the place is inspiring.

For the longest time I have been talking to folks and spreading my POV's on many issues. Although I have been resigned to simply telling folks that spreading the word is all we can do collectively. It seems that the word is out and people are taking stands, on both sides of the issues.

Knowledge is power, and spreading the knowledge is spreading the power. Power that is being controlled by a few and needs to be in the hands of an intelligent and focused "People". Power to the people. ohhh no I sound so cliche!!!!

Anyways, thanks for your contributing and for keeping this thread alive. Peace.