Posts

Showing posts with the label Wall Street protests

What the Biden economy is doing to your 401K

Image
  Freedom  @freedomspeech50 Update: so far under Biden the stock market has wiped out $9 trillion in American wealth. Quote Tweet Freedom  @freedomspeech50 · Sep 14 Under Joe Biden, the stock market lost $1.6 trillion yesterday. 10:00 PM · Sep 27, 2022 · Twitter for iPhone 16 Retweets 33 Likes This is bad news whether you are in or out of the market. It can be devastating for retirement accounts and for investors.  All the trillions Biden spent that created inflation and destroyed wealth have been worse than worthless.

Wall Street execs keep backing liberals that kill economy

 Charles Gasparino: Oops, they did it again. Wall Street has a notoriously horrible record in recent years of backing presidential candidates who sound good on paper but ultimately turn out to be duds. Add Joe Biden to the list. Not only are C-suite executives at the big investment houses and banks conceding this in private, they worry this misstep could be costlier for the country and possibly their business models than those in the past. First, a little recent history on banks and their bad White House bets. They backed Barack Obama in 2008, convinced his transnational worldview would fit their agenda of globalism and free trade. As public mood shifted against the financial sector following the 2008 crash, Obama suddenly became a populist and went on to screw the banks with post-financial crisis regs that squeezed profits for years. That’s why they did a 180 in 2012 by backing Mitt Romney, which further inflamed their relationship with ­Obama when he won a second term. A hyp...

Now those could be clues to intent

AP: A Manhattan couple was facing weapons charges Monday after authorities said they found a substance used to make bombs and papers titled "The Terrorist Encyclopedia" in their Greenwich Village apartment. ...  At least one of them has been associated with the Occupy Wall Street Movement.   It is hard to find an innocent explanation for the material found.

Exposing the occupy movement and those behind it

Image
The Democrats should be ashamed of their support for this movement of thugs.  What an embarrassment to a political movement.

Do Democrats still embrace these people?

Washington Post: A year later, Occupy movement struggles for relevance I think they should be embarrassed by them at this point.  They seem to embody all that most people find objectionable about liberals and more.  Those of us not in the one percent at the top find this one percent at the bottom composed of people we do not want to be associated with.  The rich are nicer and much more likely to present people with an opportunity. The rich are also less likely to engage in random acts of rape and murder and public defecation.

Exposing those behind the Occupy fiasco

Fox News: The Occupy Wall Street movement’s dark underbelly is on full display in an explosive new documentary set for release later this month.  "Occupy Unmasked," produced by the non-profit group Citizens United and the late Andrew Breitbart, in one of his last projects before his death last March, examines the movement and its possible links to organized labor and leftist groups. Its premiere in theaters on Sept. 21 follows the release of the documentary "2016: Obama's America," providing more cinematic fodder for the president’s critics ahead of the Nov. 6 election. FoxNews.com was given an advanced screening of the 70-plus minute film in which Breitbart presents the case against the Occupy Movement, suggesting it was not a spontaneous event that sprouted up in downtown Manhattan, but a methodically planned uprising carefully organized by unions, left-wing activists and even members of the mainstream media. “Whenever we screened this, the people’s reacti...

Austin Police infiltrate Occupy Movement

Austin American-Statesman: Soon after Occupy Austin protesters began their months-long demonstration at City Hall last fall, Austin police officials assigned at least three undercover officers to infiltrate the group to gather intelligence on any plans that might break the law.  The officers camped with other participants in the movement, marched in rallies and attended strategy meetings with Occupy Austin members. The officers also may have crossed a fine line in undercover police work: They helped plan and manufacture devices - often called "lockboxes" - that allowed Occupy members to tie themselves together during a protest in Houston, according to interviews and court records. The use of the devices, which makes it harder for police to break up human chains, resulted in Houston police filing felony charges against seven protesters who had attempted to block a port entrance in Houston on Dec. 12. The revelations include behind-the-scenes details of the lengths the Pol...

Anarchist thugs attack Obama California campaign office

San Francisco Chronicle: Protesters smashed a large window at President Obama's re-election campaign office in downtown Oakland late Friday night, tore down a nearby fence and vandalized cars , according to police, witnesses and video footage.  Staffers and volunteers were inside the Organizing for America office at 1714 Telegraph Ave. when it was vandalized after 9 p.m., but no one was hurt, said a staffer who declined to be identified. The office is a joint effort of the Obama campaign and the Democratic National Committee .  When the window was broken, well over 100 people had joined what began as a rally against the city's handling of growing crowds at the first-Friday-of-the-month event called Art Murmur, a gallery crawl centered in the Uptown arts district from 6 to 9 p.m.  Protesters - who included Occupy Oakland activists - said the city was cracking down on vendors and performers who came into the neighborhood during the gallery crawl without permits. U...

Jobless people go on strike

Charles Payne: OWS Holds General Strike Despite not Having Jobs This is what is known as a futile gesture.  Does anyone care if these guys are "on strike"?  It is hardly an inconvenience to anyone.

Occupy Movement implodes in Cleveland plot

Kevin O'Brian: What a lucky, lucky week this has been for Greater Cleveland -- especially for whichever unsuspecting souls were driving across the Ohio 82 bridge across the Cuyahoga Valley while five petty criminals associated with Occupy Cleveland were trying to community organize it. The Occupiers, authorities tell us, thought they had  rigged the span with plastic explosives  that would detonate when they punched a code into a cellphone. The only thing that went up in smoke, though, was their plot. They were working with dummy devices -- fitting -- sold to them by an FBI informant whom they failed to recognize as  the Man . I'm sorry. Your call to anarchist glory cannot be completed as dialed.   Please check the number and dial again. And again. And again. General Electric was lucky, too. Its lighting plant was to have been the site of an Occupy Cleveland protest about taxbreakssinglepayerAfghanistanenvironmentaldestructioncorporategreedCitizensUnitedjo...

Protest politics to backfire on Democrats

NY Times: Occupy Movement Looks Toward Political Conventions Members of the Occupy movement in Charlotte, N.C., are preparing for the Democratic National Convention in September, but they have been beset by troubles. The romance has long out of this "movement" which seems to be a paid mob sponsored by organized labor in an attempt to embarrass Romney.   They have become more associated with crime and vermin of late.  They will remind voters what they do not like about the left in this country.

Because there is more of them?

NY Times: Why Obama Will Embrace the 99 Percent I think the slogan has always been presumptuous.  I am certainly a long way from being in the top one percent, but I think the Occupy Wall Street crowd has gotten most things wrong including their concerns about income disparity as they call it. I have known several people who were in the top one percent of earners and thought they were people who achieved their success through working hard and being smart.  That is not something that I would ever say about the OWS movement. So if Obama wants to embrace me, he will not earn my vote by using his class warfare rhetoric and his false sense of fairness.

Its a job

Hot Air: ‘Turf-tastic: “Occupy” protester says he was paid $60 to protest CPAC

Consumption equality

Andy Kessler: It used to be so cool to be wealthy—an elite education, exclusive mobile communications, a private screening room, a table at Annabel's on London's Berkeley Square. Now it's hard to swing a cat without hitting yet another diatribe against income inequality. People sleep in tents to protest that others are too damn wealthy. Yes, some people have more than others. Yet as far as millionaires and billionaires are concerned, they're experiencing a horrifying revolution: consumption equality. For the most part, the wealthy bust their tail, work 60-80 hour weeks building some game-changing product for the mass market, but at the end of the day they can't enjoy much that the middle class doesn't also enjoy. Where's the fairness? What does Google founder Larry Page have that you don't have? Luxury suite at the Super Bowl? Why bother? You can recline at home in your massaging lounger and flip on the ultra-thin, high-def, 55-inch LCD TV you got...

It is always a mistake to heckle Gov. Christie

Image
He does a nice job of turning it around on the "occupy" taunts.  You can tell why this guy was good at prosecuting cases.

Top 1% took biggest hit from recession

Alan Reynolds: A recent report from the Congressional Budget Office (CB0) says, "The share of income received by the top 1% grew from about 8% in 1979 to over 17% in 2007." This news caused quite a stir, feeding the left's obsession with inequality. Washington Post columnist Eugene Robinson, for example, said this "jaw-dropping report" shows "why the Occupy Wall Street protests have struck such a nerve." The New York Times opined that the study is "likely to have a major impact on the debate in Congress over the fairness of federal tax and spending policies." But here's a question: Why did the report stop at 2007? The CBO didn't say, although its report briefly acknowledged—in a footnote—that "high income taxpayers had especially large declines in adjusted gross income between 2007 and 2009." No kidding. Once these two years are brought into the picture, the share of after-tax income of the top 1% by my estimate fel...

The case for the 1%

Bradley Schiller: What's so awful about the 1%? Over 70 percent of the countries billionaires are self made.  He list several of them including Steve Jobs.  Most of these people became wealthy by providing products or services other people were willing to pay for. It is wrong to envy their wealth.  We should look instead at emulating their success.