Occupy Wall Street

On October 24, 2011, in Uncategorized, by Mark Hope

Millionaires are not a huge group. But if it comes down to a shooting war between them and the hippies, I’m betting on them.

The Occupy Wall Street crowd seems indignant that people expect a rational set of demands from them. Most of the participants I’ve seen interviewed have probably not put a coherent sentence together in years. Although, I’ll admit, taking a dump on a police car does make a statement. I’m just not sure what it is? Is it “I reject your authority” or “This is the cleanest place in the park to poop”?

They seem to just have a general sense that they are being screwed and should get some free stuff out of it. It’s like a rained-out Grateful Dead concert where the totally basted crowd demands a refund and free t-shirts. Well, they have been screwed.

We should all be mad as hell about the bail-out of Wall Street, GM, Chrysler, AIG, Fannie, Freddie, and so on ad ad nauseam and the resulting explosion of the national debt. But this was not a failure of free enterprise.

A truly capitalist economy would have required they all go down, with shareholders and bondholders wiped out. It happens to small businesses every day. This was a failure of government; from the Fed that caused the easy money that blew the bubble, to Congress who failed to reel in Fannie and Freddie and required that loans be made to people that can’t afford them, to the SEC that allowed rampant fraud while they were downloading midget porn, to treasury officials Hank Paulsen and Turbo Tax Timmy Geightner, to George W Bush, Mitch McConnell, Barack Obama, Harry Reid, and Nancy Pelosi who all took tons of money from Wall Street and put through the bailouts and then squandered hundreds of billions of dollars on dog crap like Solyndra.

Here’s some demands for them: We should break up the large banks, reinstate Glass-Steagull Act, blacklist the officers and directors of the bailed out entities from ever working in the financial industry, claw back any bonuses paid to employees of bailed-out entities in the last five years, and put some of these crooked bastards in jail.

We need to get the government out of the mortgage business. We need to prosecute as many of the mortgage brokers as possible who underwrote LIAR loans. We need to stop trying to keep people in houses they couldn’t afford to begin with and if they lied on their loan applications they should be punished too.

We need to end the Federal Reserve System. You can’t have free markets when the Fed intervenes in those markets to set the interest rates. Right now they are killing savers with low interest rates only to help the banks.

We need to simplify the tax code where EVERYBODY pays something. Cain’s 9-9-9 plan is better than what we have now and would definitely stimulate the economy. Free markets, property rights, and rule of law are what made our country the envy of the world. Both the Bush and Obama administrations have seriously attacked these basic tenets. But instead of protests that look like a Burning Man Festival, we need to vote the bastards responsible out of office.

Dennis Dan

 

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