If you can look past the hippie overtones, what the protests are really saying is that we need good jobs, honest banks and fair-and-square politics. It’s hard to disagree with any of that.
http://money.msn.com/investing/what-wall-street-protesters-have-right-brush.aspx
Message No. 1: Growing income disparities threaten everyone
Message No. 2: We need real bank reform
Message No. 3: Political cronyism ruins democracy
If you look past the morons, thugs, anti semites, communists, anarchists, and the "cool factor" of fighting the man that this has attracted that want things but have others payu for it. Remember Lady Thatcher "Socialism works until you run out of other people's money" Well we are there. And these peopel want more free stuff and think they are owed it.
Fist of all the income disparities are not as large as they say. Even smaller if you illiminate the illegals from the rolls. (they are not supose to be here so they should not be counted) But you can look at any congressional act or EPA rule that has killed manufacturing, mining, processing, building, constrution, added to the costs of fuel and has killed many jobs in the country. Allowing companies to do what they do, allowing banks to act as banks and not wealth transfer stations and wages will go up, jobs will be created that looks for labor and raises wages to keep workers happy. New job creation makes upward movement possible and the only ones that are left behind are the ones that want to be victoms and not do anything. Our war on Poverty means that thousands of Government workers NEED poor people and need generations of poor to keep their jobs.
If they understood what you laid out they would not be protesting at Wall Street but at Capital hill and at 1600 Pen Ave. DC about lower taxes, fewer regulations, and less government intervention.
Everything I have heard from the OWS crowd are askingfor more regulations. My question is if these people are not in Wall Street, are not Bankers, and are not economists what makes you think that they know best how to run a company, bank, financial instutition, or governemnt. After all you would not let these people make the safety rules at a Nuke plant cause they can plug in a lamp. And yet you are allowing these people top steer congress to make rules and regulations over the whole economy and make companies do what they know is wrong. Sub Prime lending for example. We knew that the loans were not going to be repaid. And that as Money was cheap for houses that the price for houses was going to go through the roof. Barney Frank who wrote the law KNEW it. And yet no one is calling for his head but those of the bankers that made the bad loan they had to by law.
Adam Smith and the Wealth of Nations should be mandatory reading for all Congressmen. "hands off Business" . No loans, no bailouts, no sweetheart deals, and no laws counter to the opperation of the business. Lower taxes! Cut Federal spending. And we need to end the safety nets for investments. The Government safety net is what allowed Bernie Madoff to steal Billions as people did not do their part in researching the investment. They only saw an up side and bet heavy.
