My guess is the occupy movement will die when the weather turns cold.
that will be the test of how dedicated these protestors are.
It's amusing how some of the Occupy Calgary dummies are threatening a "last stand" when the city moves to end it at the end of the month. I say the city shouldn't bother. Just let nature do the work for them.
We’ve seen a decreasing middle class in America over the last three decades, meanwhile in countries like China, India, and Brazil a middle class is beginning to emerge, do you think that is a coincidence? The people of occupy wall street talk about income equality, where is the equality when two workers with similar skills can perform the same job but one gets paid $25/hr and the other gets paid $2/hr, and the only difference is one lives in the US and the other lives next door in Mexico?
Middle class incomes in the US have zero reason to grow beyond the rate of inflation, in fact they probably should decrease. We live in a global economy and middle class workers in the US have to compete with workers in China, India, and Brazil where the wages are substantially less. Eventually things need to balance out, and when they do there will be winners and losers, and right now the losers are the American middle class worker.
Pretty much the big reason why the Canadian model is being reconized as the best internationally is because we have a oilgopoly of a few large Schedule 1 banks that service every market everywhere in the country. That basically ensures the banks don't make as risky loans, because the marketplace doesn't force them to (Because there's less competition). When there's a problem they're big and can handle the liquidity crunch.
BS, you and I bailed out our banks to the tune of 75 billion and took a lot of their crappy loans off of their books:
I still don't think you know what you're talking about. Corporatism in its current incarnation is really just corporate lobbying, which has already been established as one of the few common nitpicks of the occupy movement. What "socialism" among corporations does this include and how does that mean "capitalism for the middle class?"
I meant socialism as in the people bear the cost, capitalism as in whoever makes the mistake bears the cost. If an individual in Canada defaults on a mortgage, they lose the house. If the bank makes many crappy loans to people, the government (ie the good tax paying people of Canada) will step in and take those crappy loans they made off of their hands as per the links above I posted.
I was writing a long opinion piece but i realized, admittedly, I'm no guru on the subject, but did you even read the links you posted, because they don't back up your opinion here at all.
The Canadian "bailout", as you refer to it, was significantly different then in the US. Restoring liquidity to banks otherwise on solid foundations vs bailing out banks that deserved to go under for their greed/stupidity. Just a wee bit different IMO.
I was writing a long opinion piece but i realized, admittedly, I'm no guru on the subject, but did you even read the links you posted, because they don't back up your opinion here at all.
The Canadian "bailout", as you refer to it, was significantly different then in the US. Restoring liquidity to banks otherwise on solid foundations vs bailing out banks that deserved to go under for their greed/stupidity. Just a wee bit different IMO.
We bought bad mortgages from them paid for by an increased deficit that we all owe. What part did I miss?
We bought bad mortgages from them paid for by an increased deficit that we all owe. What part did I miss?
the part where both links you posted specifically state they didn't buy bad mortgages.
Quote:
the securities the government is buying will generate more money than it costs the government to borrow the funds to buy.
Quote:
We are not going in and buying bad assets. What we're doing is simply exchanging assets that we already hold the insurance on and the reason we're doing this is to get out in front. The issue here is not protecting the banks
...when the protesters marched to the first precinct, the whole of Erickson Street was cordoned off – "frozen" they were told, "by Homeland Security". Obviously if DHS now has powers to simply take over a New York City street because of an arrest for peaceable conduct by a middle-aged writer in an evening gown, we have entered a stage of the closing of America, which is a serious departure from our days as a free republic in which municipalities are governed by police forces.
