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#176 | |
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Ring of Famer
Join Date: Sep 2002
Location: In the Tetons!
Posts: 19,313
Adopt-a-Bronco: WorrellWilliams |
Quote:
2. You got any proof of this? Please do a search of all my posts and the word greed. See what you find. I'm pretty darn sure I've been extremely critical of Wall Street. Extremely critical. 3. Really? Got any proof of this? No you don't. What I've said in the past is that we should expand the middle class and in turn raise taxes on the super wealthy. I've also said that you should not punish those who are successful with a huge tax burden. I've never said you shouldn't raise taxes on the ultra wealthy. What I've argued against is redistribution of wealth. 4. Once again, you are making a general statement which you have absolutely no proof to support. Last edited by Tombstone RJ; 10-09-2011 at 11:44 AM.. |
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#177 |
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Ring of Famer
Join Date: Aug 2007
Posts: 8,269
Adopt-a-Bronco: None |
Hopefully you wrote the same thing when the same was done to the Tea Party.
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#178 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,921
Adopt-a-Bronco: Buy My Book |
Quote:
What once was a Libertarian movement the Tea Party has been taken over by so called conservatives but in fact it is now more closely related (used by) the neo-con faction of the Republican Party Last edited by baja; 10-09-2011 at 09:30 AM.. |
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#179 |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,921
Adopt-a-Bronco: Buy My Book |
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#180 | |
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Ring of Famer
Join Date: Sep 2002
Location: In the Tetons!
Posts: 19,313
Adopt-a-Bronco: WorrellWilliams |
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#181 |
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~~~
Join Date: Feb 2006
Location: Earth Division
Posts: 19,606
Adopt-a-Bronco: Gilgamesh |
Care to tell us who some of the Tea Parties biggest financial backers are?
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#182 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
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#183 | |
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Ring of Famer
Join Date: Sep 2002
Location: In the Tetons!
Posts: 19,313
Adopt-a-Bronco: WorrellWilliams |
Quote:
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#184 |
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Ring of Famer
Join Date: Sep 2002
Location: In the Tetons!
Posts: 19,313
Adopt-a-Bronco: WorrellWilliams |
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#185 | |
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Tebowing the long haul
Join Date: Apr 2004
Location: TX, USA
Posts: 37,072
Adopt-a-Bronco: Champ Bailey |
Quote:
But its funny that you criticize the Tea Party in light of these protests, which are far fewer in number and strength than the Tea Party protests and which are obviously organized beforehand by the same groups who organized that crazy One Nation far leftist get-together. There are literally far leftist groups bussing these people in and feeding them when they get there. |
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#186 |
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Mo' holla fo' yo' dolla!
Join Date: Dec 2002
Location: In a bunker in an undisclosed location
Posts: 52,694
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Rein in Wall Street and rescue the middle class
It's time for us to end the financial oligarchy so destructive to our economy. If a bank is too big to fail, it is too big to exist By Bernie Sanders The protest movement called Occupy Wall Street has struck a nerve. The demonstrators' goals may be vague but their grievances are very real. If our country is to break out of this horrendous recession and create the millions of jobs we desperately need, if we are going to create a financially-stable future, we must take a hard look at Wall Street and demand fundamental reforms. I hope the protesters provide the spark that ignites that process. The truth is that millions of Americans lost their jobs, their homes and their life savings because of the greed, recklessness and illegal behavior of Wall Street. Even Federal Reserve Chairman Ben Bernanke agreed when I questioned him this week at a joint economic committee hearing that that there was "excessive risk-taking" by Wall Street. Bernanke also said the protesters "with some justification" hold the financial sector responsible for "getting us into this mess", and added, "I can't blame them." The demonstrators and millions of sympathetic Americans understand that odds are stacked in Wall Street's favor because of the extraordinary economic and political clout of the big banks. Believe it or not, the country's six largest financial institutions (Bank of America, CitiGroup, JP Morgan Chase, Wells Fargo, Morgan Stanley and Goldman Sachs) now have amassed assets equal to more than 60% of our gross domestic product. The four largest banks issue two-thirds of all credit cards, half of all mortgages, and hold nearly 40% of all bank deposits. Incredibly, after we bailed out the behemoth banks that were "too big to fail", three out of the four are now even bigger than they were before the financial crisis. Not only do these financial institutions have enormous economic clout, their wealth makes them an extremely potent political force. From 1998 through 2008, in order to achieve their goal of repealing Glass-Steagall and other financial regulations, they spent more than $5bn on lobbying and campaign contributions. They also spent hundreds of millions to water down last year's Dodd-Frank reform bill. After the law was passed, hundreds of millions more were spent to repeal provisions and weaken regulations. They never give up. Where do we go from here? How do we convert the protesters' enthusiasm into concrete results? For starters, we should break up the giant financial institutions. Left to their own selfish devices, Wall Street bankers will continue to gamble with other people's money. Sooner or later, when their bets go wrong, they will come back to Congress asking to be bailed out again. Why not nip that in the bud? There also is a sound economic argument against too few owning far too much. The idea that six giant financial institutions can exert such enormous control over the economy should frighten anyone who believes in a competitive free-market system. Good Republican presidents like William Howard Taft and Teddy Roosevelt broke up Standard Oil, the railroad trusts and other huge monopolies a century ago. Now is the time for us to end the financial oligarchy that has been so destructive to our economy. If a bank is too big to fail, it is too big to exist. Wall Street reform also must address the powerful and secretive Federal Reserve. A Government Accountability Office audit that I requested found that the central bank provided $16tn in revolving, low-interest loans to every major financial institution in this country, multinational corporations and some of the wealthiest people in the world. The Fed even helped bail out other central banks around the world. When Wall Street was on the verge of collapse, the Fed acted boldly. Today, with the middle class collapsing, the Fed must act with equal vigor. Real unemployment is more than 16%. Median family income has declined by $3,600 over the last decade. A record 46 million Americans live in poverty. The gap between the very rich and everyone else, the widest of any major country, is growing wider. Under emergency provisions already in law, the Fed has the authority to provide low-interest loans to small businesses that are starving for capital so that they can create the millions of jobs our economy needs. It should do so. The Fed also has authority to make credit card issuers stop bilking consumers with sky-high fees and interest rates of 30% or more. Especially in a recession, working people use credit cards to stretch their paychecks for basic needs. Usury is already regarded as a sin in the eyes of every major religion. It should be a crime. The Fed has the authority to limit interest rates and fees. It should do so. The Occupy Wall Street demonstrators are shining a light on one of the most serious problems facing the United States: the greed, recklessness and power of Wall Street. Now is the time for the president and Congress to follow that light – and act. The future of our economy is at stake. |
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#187 |
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STOP!
Join Date: Dec 2002
Location: In a van down by the river
Posts: 10,983
Adopt-a-Bronco: Von Miller |
Farce.
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#188 |
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STOP!
Join Date: Dec 2002
Location: In a van down by the river
Posts: 10,983
Adopt-a-Bronco: Von Miller |
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#189 |
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Mo' holla fo' yo' dolla!
Join Date: Dec 2002
Location: In a bunker in an undisclosed location
Posts: 52,694
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^
Nice straw man. |
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#190 | |
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"Whoa Nellie"
Join Date: Mar 2009
Posts: 6,315
Adopt-a-Bronco: mellon head |
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#191 |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,921
Adopt-a-Bronco: Buy My Book |
You miss the point. These people may not have a well formed plan but they are pissed off at what has happened to their lifestyle and they have millions of other Americans right behind them. They now know the culprit is big wall street banks and those banks will not stand the light of day once you start opening this can of worms things will change. This movement is a good thing and long overdue.
When enough people get pissed enough and get off their ass and organize a sustained protest and use their buying power to selective shop things will change. |
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#192 | |
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Yes...swooping is bad...
Join Date: Jan 2005
Location: Florence, Colorado
Posts: 20,681
Adopt-a-Bronco: All of them. |
Quote:
1. So in response they demand nearly everything of value for free? 2. They have Soros and the SEIU behind them. 3. Oddly the banks are always viewed as the bad guy in rough economic times. Much easier to blame the bank/big corp then blame the people actually responsible. 4. I'm sure those freedom/equality loving members who kicked off the French Revolution thought it was a good idea too...until they were killed by the "people" for being enemies of the state. ![]() |
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#193 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,852
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What I have discovered is that in this day of the internet, cameras everywhere, multiple media all over the globe, and so many talking heads if you put them all together they would reach to the moon - I still can't get any reliable reportage on what's going on.
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#194 | |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,852
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Quote:
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#195 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,852
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#196 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,921
Adopt-a-Bronco: Buy My Book |
Quote:
This will come to a head.... |
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#197 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,921
Adopt-a-Bronco: Buy My Book |
Quote:
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#198 | |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,852
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Quote:
Last edited by Rohirrim; 10-10-2011 at 11:24 AM.. |
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#199 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,921
Adopt-a-Bronco: Buy My Book |
Quote:
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#200 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,921
Adopt-a-Bronco: Buy My Book |
Quote:
There is only two ways this will go down. People take back their countries from the outlaw Banksters People roll over and become subjects of the One World Order ( all 500,000,000 left on earth to become subjects that is). |
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