organic movement

Home » organic movement

ET show podcast – Just a few things

Let’s cover just a few things that are on my mind today.

  • Occupy Wall Street – Why are the Republicans worried or nervous about this movement? Why aren’t they more worried about corporate influence on our political system? One of the stories currently circulating is that this organic movement was really started by George Soros. There’s actually no evidence to back this up, but since George Soros is one of the conservatives bogeymen, why not throw it out there?
  • Texas Governor and Republican presidential candidate Rick Perry has introduced his “jobs plan.” It looks as if he’d like to give away a lot of our money to big oil. No surprises here. By the way, the House Republican plan, released several months ago, is only 10 pages long and that includes large pages of what are basically cartoons. The plan is a joke.
  • Michele Bachmann has publicly stated that she would like to revert back to the Reagan tax plan. Clearly she doesn’t understand that taxes were higher under Ronald Reagan than they are today.
  • Was Herman Cain‘s tax plan (“999 plan”) based on the computer game Sim City? Doesn’t his plan place a higher tax burden on the poor and middle class? Bachmann doesn’t like the plan.
What do you think about this format? Let me know. I’m extremely open to suggestions.
By |2012-05-02T17:40:42-04:00October 14th, 2011|Party Politics, Podcasts|Comments Off on ET show podcast – Just a few things

Occupy Wall Street – A Few Comments

Photo from Occupy Wall Street taken yesterday 10-2-11

A couple of days ago, I mentioned that I like the spirit of Occupy Wall Street. I immediately got an e-mail from a friend of mine who wanted to know if I supported some of the more radical things that were written on protest signs at the rally in New York. All I can do is smile. This is the game that the left/right play in order to distract attention away from the core issues. Yes, I said the right and the left because there are those on the professional left who play the game exactly the same as those on the professional right. (James Carville comes to mind.)

So, in order to increase clarity and decrease confusion, here’s what I like about Occupy Wall Street. First of all, this is an organic movement. This was not started, like the Tea Party, by some fatcats with millions billions of dollars bulging from their pockets who wanted to protect their wallets. Instead, this was simply started by several people who were fed up with Wall Street.

Secondly, one of the major reasons for America’s economic downfall was the shenanigans that went on on Wall Street. This was illegal (and no one has been held accountable). Let me type that again – the actions which led to the 2007 crash were illegal. Illegal activity took place on multiple different levels. The machine was fascinating to watch. You have the loan originators who were encouraged to fraudulently fill out loan applications. Now, this was not one or two seedy characters who simply increased the assets on a couple of loans. This was systemwide fraud. Loan originators weren’t paid for accuracy. They were paid by volume. Next, you have Wall Street. They bought these toxic mortgages, applied some sleight-of-hand and then sold these mortgages to investors. Wall Street told the investors that these were incredibly safe investments. Thirdly, you have the rating agencies. They only got paid if Wall Street used their ratings; therefore, there was an incentive to fudge the ratings. (Fudge is really too kind a word. Perhaps we should use “fraudulently take garbage and stamp a AAA rating on it.”) These guys cranked out billions of dollars worth of these toxic mortgage derivatives. They sold them to everybody, the world, as safe investments. After all, they were home mortgages.

Almost everyone with a couple of dollars to rub together invested in this garbage. Everyone from small-time investors to cities and counties, even countries invested in this stuff. Wall Street has simply crippled the world economy by selling these toxic, malodorous securities.

Finally, the stranglehold that Wall Street has over our politics must be changed. There’s simply too much money in politics. Our politicians are bought and sold just like those toxic securities. The only way to make the system work for us, the American people, and not Wall Street is by removing the money. Somehow, someway, we have to take the money out of politics. These are the reasons that I’m supporting Occupy Wall Street.

By |2011-10-03T06:31:45-04:00October 3rd, 2011|Domestic Issues, Economy|Comments Off on Occupy Wall Street – A Few Comments
Go to Top