View Poll Results: Is the OWS Movement against Capitalism?

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    50 52.08%
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Thread: Is the OWS against Capitalism?

  1. #281
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Mycroft View Post
    LOL!!!

    Yeah right.

    They also want school loans forgiven. They want a tax on all financial transactions. They even want to cut off the heads of the rich.

    Dude, these useful idiots don't know WHAT they want.
    Why not? Wall st gets bailed out. Why not main st?
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    Why not? Wall st gets bailed out. Why not main st?
    I don't think Wall St. should have been bailed out. Or Main St.

    The Federal Government has no business bailing anyone out.


    btw, Main St. DID get bailed out...it was called the Stimulus Plan. Problem is...the money was misspent and wasted. By Obama and his Democratic buddies.
    Last edited by Mycroft; 12-15-11 at 08:31 AM.
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  3. #283
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Mycroft View Post
    I don't think Wall St. should have been bailed out. Or Main St.

    The Federal Government has no business bailing anyone out.


    btw, Main St. DID get bailed out...it was called the Stimulus Plan. Problem is...the money was misspent and wasted. By Obama and his Democratic buddies.
    The stimulus didnt bail out main st. Quit spewing lies. All it did was give money to corrupt bureaucrats.
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    The stimulus didnt bail out main st. Quit spewing lies. All it did was give money to corrupt bureaucrats.
    Yeah, and if those "corrupt bureaucrats" weren't saved, JP Morgan, BOA, Ford, and most of the corporate structure in the US would have failed, leading into a depression.
    Instead of railing against Wall Street like an idiot, why don't you actually think about the consequences if Wall Street wasn't saved?
    They might be corrupt, but they're necessary. Kind of how you hate tigers if they kill a family member, but they're necessary to the environment.
    "The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all" - Joan Robinson
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  5. #285
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Proud South Korean View Post
    Yeah, and if those "corrupt bureaucrats" weren't saved, JP Morgan, BOA, Ford, and most of the corporate structure in the US would have failed, leading into a depression.
    Instead of railing against Wall Street like an idiot, why don't you actually think about the consequences if Wall Street wasn't saved?
    They might be corrupt, but they're necessary. Kind of how you hate tigers if they kill a family member, but they're necessary to the environment.
    Ford didnt get any money and i supported the GM bailout. Im not against people making money. Im however against the govt subsidizing losses for the wealthy. The problem with the stimulus was that it was more tax cuts than spending and money was giving to the states instead of federal govt directly spending it. That just adds a level of unneeded bureaucracy and liberal economists like krugman opposed it. And your tiger analogy makes no sense.
    Last edited by 99percenter; 12-15-11 at 09:22 AM.
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Proud South Korean View Post
    Yeah, and if those "corrupt bureaucrats" weren't saved, JP Morgan, BOA, Ford, and most of the corporate structure in the US would have failed, leading into a depression.
    Instead of railing against Wall Street like an idiot, why don't you actually think about the consequences if Wall Street wasn't saved?
    They might be corrupt, but they're necessary. Kind of how you hate tigers if they kill a family member, but they're necessary to the environment.
    I completely agree, but there was an option.

    The government could have nationalized the banks, and given out small loans to the ones who have better liquidity. In this way, the bad banks would have been punished for their behavior. And the government could have sold the banks afterwards to the highest bidder.

    However they banks were saved to save Americans. That is no reason to forgive student debt because of that. And that the students in OWS support it, show me that this protest has a lot to do with greed. The greed of bankers, and the greed of the students.

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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    The stimulus didnt bail out main st. Quit spewing lies. All it did was give money to corrupt bureaucrats.
    Your right. The stimulus DIDN'T bail out Main St...but it was supposed to. You can thank Obama for that one.
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    Ford didnt get any money and i supported the GM bailout. Im not against people making money. Im however against the govt subsidizing losses for the wealthy. The problem with the stimulus was that it was more tax cuts than spending and money was giving to the states instead of federal govt directly spending it. That just adds a level of unneeded bureaucracy and liberal economists like krugman opposed it. And your tiger analogy makes no sense.
    Sorry, mistaken Ford for GM.
    My point is that the poor needs the wealthy to live. I'm not inciting class warfare, I said numerous times how both sides need each other.
    Just imagine a US without its major corporations, banks, companies, partnerships, etc... Millions will be unemployed, foreign governments and corporations will gobble up the US like never before, and there will be chaos.
    Sorry about that analogy. I need to work on something more. Its basic point is how no matter how much you hate it, you shouldn't destroy it because it's necessary. A better one would be how anarchists hate government, but can't survive without one.
    Tolerate it
    "The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all" - Joan Robinson
    "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries" - Winston Churchill

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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    The problem with the stimulus was that it was more tax cuts than spending and money was giving to the states instead of federal govt directly spending it. That just adds a level of unneeded bureaucracy and liberal economists like krugman opposed it. And your tiger analogy makes no sense.
    Actually a lot of the money was directly spend by the government. Just think about Solyndra, and the big banks that got bailed out.

    Why shouldn't states spend some of the stimulus, do you think federal government always knows what is best for the states?

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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Mycroft View Post
    Your right. The stimulus DIDN'T bail out Main St...but it was supposed to. You can thank Obama for that one.
    I am sorry. Obama may have parts of the blame, but Bush created TARP, and those hidden bank bailouts that are 10 times the size of Tarp.

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