published Wednesday, October 12th, 2011

The Fat Cat

about Clay Bennett...

The son of a career army officer, Bennett led a nomadic life, attending ten different schools before graduating in 1980 from the University of North Alabama with degrees in Art and History. After brief stints as a staff artist at the Pittsburgh Post-Gazette and the Fayetteville (NC) Times, he went on to serve as the editorial cartoonist for the St. Petersburg Times (1981-1994) and The Christian Science Monitor (1997-2007), before joining the staff of the ...

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fairmon said...

Get on board the Cain train, no rats, cats or snakes allowed.

October 12, 2011 at 12:42 a.m.
NoMyth said...

As long as we continue to allow high frequency trading (using innumerable computer algorithms), then the fat cat will continue to get fatter, even without long-term market appreciation. High frequency trading has been here for almost ten years. So, what is the average rate of return on your 401k over the last 10 years? Don't you ever wonder how the investments of the uber-wealthy provide high returns and your investments do no? Please wake up America!

October 12, 2011 at 12:55 a.m.
blackwater48 said...

YOU'RE FAT, BUT THERE ARE MORE OF US

Wall Street wrecked our economy and got away with it. Not only did the fat cats get away with it, they were bailed out - rewarded actually- for their crimes in the form of billions of our tax dollars.

Wall Street took a healthy economy and gave us 10% unemployment. From the summer of 2007 to the end of 2008 they destroyed 20% of our national wealth and nobody’s been prosecuted for it. Nobody’s been indicted and nobody’s been convicted.

Wall Street created a system that is enormously unequal which resulted in millions of people struggling to find a job, to pay their bills, to see a doctor, or to pay their mortgage.

According to Wikipedia, there are only five nations on earth that are more unequal in the distribution of wealth than the United States of America.

It is a system Wall Street created, Wall Street maintains, and Wall Street enforces.

It is able to enforce our skewered economic policy because Wall Street controls our political system. One party is a wholly owned subsidiary of Wall Street and the other party caters to Wall Street all too much.

In fact, politicians have been ignoring working families for decades. Big Oil is running our energy policy, the military-industrial complex is running our foreign policy, and Wall Street is running our economic policy.

Meanwhile, millions of people are slipping deeper and deeper into debt and misery while the economy remains completely unresponsive.

24 million people in this country cannot find full time work.

50 million people in this country cannot see a doctor when they are sick.

15 million families owe more on their mortgage than their house is worth. Where’s THEIR government bailout?

The ‘Occupy Wall Street’ people played by the rules while Wall Street was moving the goal posts.

What if every cop was a criminal and all the sinners saints?

October 12, 2011 at 1:12 a.m.
Rickaroo said...

All the words have been spoken

that can be spoken,

the arguments made that can be made.

The 99 percenters,

the distressed and downtrodden,

are marching in lock-step,

out of the shade.

The lines are drawn, the differences clear.

The revolution

is close at hand.

Let the fat cats fear.

October 12, 2011 at 3:58 a.m.
fairmon said...

bw48 said... Big Oil is running our energy policy, the military-industrial complex is running our foreign policy, and Wall Street is running our economic policy.

There is the possibility we may be better off if they were instead of their often ineffective attempts to influence those holding political positions with their various views and an agenda of being elected again.

Big oil could meet reasonable regulatory requirements and environmental protection and achieve the goal of energy independence if allowed to do so. Oil experts know better how to do both than a life long politician lawyer which is the majority of congress. A move toward energy independence with maximum utilization of clean burning natural gas would employ millions. Think of all the products people buy, other than food which requires energy to produce and transport, that are petroleum based. Plastics, containers, bags, auto parts, flooring, plumbing, Vinyl, imitation wood, roofing, fixtures, fertilizers, chemicals etc. etc. the list is endless. Energy independence and lower gas prices would be like the largest tax reduction for middle and lower incomes in the history of the country which would increase demand and even more jobs.

The combat arm of the military only engages in wars and conflicts as directed by the commander and chief while preferring not being involved in combat. The producers of military equipment and support functions are an unnecessary huge drain on the treasury with the help of some key members of congress.

How many members of congress are independently wealthy? How did they get that way and how much has their wealth increased while in congress? Check out where most of them are highly invested. Congress has generated over 11,000,000 words of tax codes in a manual about 4ft. high that favors the financial sector and the wealthy under the pretense of helping the economy by intervening in the markets, manipulating and showing favor. Congress, both parties, consistently show favor to the white collar financial sector at the expense of the middle class blue collar manufacturing sector.

October 12, 2011 at 5:03 a.m.
fairmon said...

bw48...

There are around 4 million non technical jobs employers cannot find qualified applicants for. The education system, industry and government have collectively failed. These entities should be working together to assist people in getting the training to fill those jobs. It would seem industry would be willing to support an education and training system that taught welders, machinist, carpenters and other productive skills. It does seem government should protect American workers from low wage immigrants, both legal and illegal. The education system assumes every student should pursue a college degree in engineering, science, arts or legal. Many of those that don't become drop outs or unemployable adults that can read, write, cipher and talk intelligently but cannot fill a job that requires any unique knowledge, skill or ability.

October 12, 2011 at 5:27 a.m.
AndrewLohr said...

The fat cat is D.C., the biggest and most powerful corporation on the planet, eh? Bureaucratic aristocrats are just as selfish as the rest of us, eh?

An uninsured illegal alien injured while committing murder can go to an emergency room an get treatment, right? So b48's 50 million equals zero.

The economy went south after Mrs Pelosi became Speaker and Mr Reid took the Senate.

The Wall Street bailouts were government actions; obviously corporations and government are in cahoots far too much, instead of government refereeing and companies competing, but the bailouts are D.C.'s fault.

Jesus is libertarian; repent or perish.

October 12, 2011 at 6:31 a.m.
sandyonsignal said...

Is there a new Willard movie about Wall Street out now?

Loved this in today's paper from Paul Krugman "The Panic of the Plutocrats": What’s going on here? The answer, surely, is that Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is. They’re not John Galt; they’re not even Steve Jobs. They’re people who got rich by peddling complex financial schemes that, far from delivering clear benefits to the American people, helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens.

Just noticed Luckovich's cartoon on the bottom of the page. Another one showing the hatred of the 1% towards the 99% of their countrymen. What a great day for the left side of the paper. Trifecta!

October 12, 2011 at 6:47 a.m.
patriot1 said...

What could the leftists and "Occupy Wall Street" protestors be unhappy about now? They wanted heavy handed, government regulation and they got it...they wanted Obamacare, stimulus and job killing government intervetion....so, what's the problem?

October 12, 2011 at 7:04 a.m.
moon4kat said...

P1, are you really that clueless? If so, perhaps you spend too much time listening to truth-challenged bloviators and/or watching Faux "news."

And, what specific "heavy handed government regulation" do you mean, exactly? Food safety? Drug purity? Water quality? Breathable air? Consumer protection? Broadcast signal interference? Worker safety?

There are, undoubtedly, some regulations that should be revised or dropped, but let's have a list to discuss. Many government regulations are reasonable and necessary.

October 12, 2011 at 7:23 a.m.

Sometimes it seems like it's mostly religious people who are guilty of self-righteous demagoguery. Then I read or hear the class warrior rhetoric, and I realize that the sideshow is under a very big tent indeed.

“If there is a core theme to the Occupy Wall Street movement, it is that the virtuous 99 percent of society is being cheated by the richest and greediest 1 percent.

“This is a theme that allows the people in the 99 percent to think very highly of themselves. All their problems are caused by the nefarious elite.

“Unfortunately, almost no problem can be productively conceived in this way. A group that divides the world between the pure 99 percent and the evil 1 percent will have nothing to say about education reform, Medicare reform, tax reform, wage stagnation or polarization. They will have nothing to say about the way Americans have overconsumed and overborrowed. These are problems that implicate a much broader swath of society than the top 1 percent.

“They will have no realistic proposal to reduce the debt or sustain the welfare state. Even if you tax away 50 percent of the income of those making between $1 million and $10 million, you only reduce the national debt by 1 percent, according to the Tax Foundation. If you confiscate all the income of those making more than $10 million, you reduce the debt by 2 percent. You would still be nibbling only meekly around the edges.

“The 99-versus-1 frame is also extremely self-limiting. If you think all problems flow from a small sliver of American society, then all your solutions are going to be small, too. The policy proposals that have been floating around the Occupy Wall Street movement — a financial transfer tax, forgiveness for student loans — are marginal.”

(“The Milquetoast Radicals” by David Brooks, The New York Times, October 10, 2011)

October 12, 2011 at 7:31 a.m.
EaTn said...

The question is not why the 99 percent are taking to the streets, the question is why they haven't done it sooner? Even the gullible will soon realize they have been duped by the fat cats.

October 12, 2011 at 7:38 a.m.

Good point, Patriot. The Occupy bunch, which are mostly composed of the lazy, greedy and entitlement minded, have their fat cat, big government guy in place, Obama, yet they're just mad as can be that he's not allowed to have his run of the place. Darn that pesky Constitution and our representative government.

What's happening on Wall Street and other places are the lazy and greedy protesting against those who work and earn their money. They want them to not only work hard, but cough up what they make to them.

They're protesting against anyone who has worked hard and has been rewarded for their hard work.

Maybe Roseann Barr will be their Joan of Arc!

You'll find the fattest and most spoiled cats working for the Fed. government or dependent on the government.

Oh, Sandy, I've read Paul Krugman, he's a mean little socialist. Which I guess you like. If Krugman likes Steve Jobs, it's probably because the Democratic Party has squeezed lots of money out of him.

October 12, 2011 at 7:39 a.m.
alprova said...

Harp3339 wrote: "There are around 4 million non technical jobs employers cannot find qualified applicants for. The education system, industry and government have collectively failed. "

This is about the fifth time that you have written these statements. You offer them as if they have significance. They don't. Those "non-technical jobs" that go unfilled are unfilled for a reason. A lack of education is not the problem.

The jobs that go unfilled are menial, labor intensive in nature, or are due to a weakening of union representation in the United States and corresponding wages that used to come with such jobs, so they now pay insulting wages.

When it comes to skilled trades, and depending on where one lives, electricians, plumbers, carpenters, IT professionals, and engineers are in high demand. In other areas, qualified applicants who are trained to do such jobs can find no work in those fields. It's a crap shoot.

When it comes to lines of work in fields like sales, which have transformed into risky commission only based pay, general laborers, secretaries, personal assistants, and truck drivers, the jobs are not worth pursuing because of the diminished pay being offered these days to applicants.

The health care industry offers decent paying jobs, and many people obtain the education necessary to enter into it, but find the door closed in their faces much of the time, due to a lack of on-the-job experience, which is most often a die-hard requirement set forth by health care providers.

There are plenty of accountants in the United States, but the demand involves those who have expertise in troubled debt restructuring, which takes years and years to amass the experience necessary to know what one is doing.

Do you know what the biggest problem people have when it comes to meeting the needs of employers? Too many applicants have personality disorders. Americans are finding it difficult to establish records of being team players. Everyone wants to be a leader. There are not enough followers.

While qualified people are reluctant to relocate, they are more reluctant than ever these days to do so because many of them cannot sell their existing homes for a reasonable price.

Employers are also at fault because they are opting to wait for the "perfect match" instead of investing in and training employees and new hires.

"It does seem government should protect American workers from low wage immigrants, both legal and illegal."

The kind of jobs that legal and illegal immigrants take, for the most part, are jobs rejected by mainstream Americans. Not many Americans these days aspire to toil in fields all day long, picking fruit and vegetables, or desire to work on their feet all day, doing repetitive tasks like stacking heavy boxes on pallets that come down a line in a never-ending procession.

October 12, 2011 at 7:47 a.m.
dude_abides said...

liar alert

October 12, 2011 at 7:48 a.m.
MTJohn said...

AndrewLohr said... The fat cat is D.C., the biggest and most powerful corporation on the planet, eh? Bureaucratic aristocrats are just as selfish as the rest of us, eh?

Correct. But, think K Street, not Pennsylvania Avenue.

Jesus is not libertarian and there is nothing Christian about the libertarian philosophy. Atlas Shrugged is not in the canon and you will not find salvation there.

October 12, 2011 at 7:56 a.m.
alprova said...

Andrew Lohr wrote: "The economy went south after Mrs Pelosi became Speaker and Mr Reid took the Senate."

Not defending either one of them, that is merely coincidence. The snowball that landed at the bottom of the hill started rolling downhill long before they assumed leadership positions.

"Jesus is libertarian; repent or perish"

You go first, you warbling kook.

October 12, 2011 at 8:01 a.m.
sandyonsignal said...

Dude?? You are such a big Patriot. Love your new profile photo.

October 12, 2011 at 8:04 a.m.
Dumbledore403 said...

You know something...the economy went south after we went into debt paying for two wars of which only one was justified...I keep hearing Jesus was a Libertarian my dear brother Andy , when the Bible condemns the very lack of mercy that I see in most of the Republican candidates for the presidency. I have put out the Scriptures before on this point. I keep hearing name calling from both sides...when the facts will do.

October 12, 2011 at 8:12 a.m.
riverman said...

Generally don't agree with Professional Protestors on either side but even though they are not smart enough to realize it they have some valid points. However as someone mentioned D.C. is just as culpable as Wall Street. If they want to look credible they should be occupying Fannie Mae, Freddie Mac and SEC HQs in Washington also.

October 12, 2011 at 8:20 a.m.
BigRidgePatriot said...

Bennett is one of the rats. If he could do something more productive than airbrush third rate cartoons maybe he would not need to join a mob to take what he would like but did not earn.

October 12, 2011 at 8:24 a.m.
BigRidgePatriot said...

Another take on the rats.

http://townhall.com/political-cartoons/2011/10/12/92592

Now THAT is funny!

October 12, 2011 at 8:26 a.m.
potcat said...

Lohr,if you get any nuttier, someone should be observing you for your own well being. You are Wacked and off the Charts Man.

If anyone is interested and wants the TRUTH about the Fat Cats and why we have a Democratic Party President "Obama" who consistently appoints Fat Cats like General Electrics CEO Jeffrey Immelt to RUN Americas Economical Institutions.

Go to CBS and watch the 60 min. interview with Immelt that aired Sun. night.

Immelt said Obama would get a lot of Flack from the American people for appointing him,( in which i seriously Doubt). The reason Obama might get some Flack is GEs CEO Immelt is shipping JOBS out of this Country daily and has made it their policy to continue to do so, and has been doing it for YEARS. Brazil is big right now for Immelt for some reason,The manufacturing of Americas goods and most every product we purchase in the US made by another Country and the JOBs we lose to those so many Countries making Every thing we consume and buy. Needless to say we have to get America back to big Manufacturing and make our own products. Thats the answer not small business.

Why would Obama Appoint such a person as this? Obama knows how he operates as a CEO and he brings him on board to head Americas Finacial Instituions, Obama Brazenly does this and it pisses me off. Obama must think we are some Dumb down ignorant class of people, that he pretends to be working for the normal every day person thats trying to make it, and he then does this.I don't get it and i am so disappointed and feel Duped, i don't want to partisipate in politics any longer.

One more thing, read David Plouffe book, he ran Obama's Campaign. He writes that Obama and Axelrod at the end of 2006 had a Meet and Greet with all the BIG Boys on Wall Street, in a closed door secret meeting,Wall Street would supply the MoNEY and make him President..Obama had to do their bidding of course and bring along the ones who brought us THE Great Bank Hiest to run Washington, he did and the Gamblers got their Bailout and he will be President another 4 yrs.and the CROOKs are still running things!

Have a good day.

He kept his word to the Gamblersand made it were they can't lose, on the American Taxpayers dime.

October 12, 2011 at 8:27 a.m.
moon4kat said...

blondebut . . . you speak with such authority about the protestors on wall street. gosh, you must have met and interviewed a lot of them. Please tell us how many of those protestors you have met and gotten to know so well that you feel comfortable calling them names.

October 12, 2011 at 8:36 a.m.
BigRidgePatriot said...

What have you bought recently that was made in America? Here is one example of great products at a good price, custom fit bed linens. Delivery is not fast as sheets are custom sewn, they match your mattress height for a perfect fit.

http://www.cozytownlinens.com/

If we all made a conscious effort to find a great American made product to buy every week it would make a big difference.

October 12, 2011 at 8:49 a.m.
fairmon said...

Alprova..

The trades other than electrical are full of immigrants willing to work for less than even the typical non-union rate. The carpenter trade may be the hardest hit. Two of the companies being interviewed paid well and needed machinist and welders but didn't have enough applicants to fill their jobs.

Relocation may be necessary but when unemployed. Reluctant to sell a home that one can't keep up or will lose due to no work? Housing is in the tank so if sold at what is viewed as an unreasonable price then another can be bought for a low price.

Alprova says....

Not many Americans these days aspire to toil in fields all day long, picking fruit and vegetables, or desire to work on their feet all day, doing repetitive tasks like stacking heavy boxes on pallets that come down a line in a never-ending procession.

Typically the unavailability of cheap labor, including immigrants, will drive wages up to a point of attracting people willing to do that work. A significant number of those dependent on others to keep them up don't have anything to offer an employer to hire them other than the ability to do menial task.

Alprova is of the opinion that..... Employers are also at fault because they are opting to wait for the "perfect match" instead of investing in and training employees and new hires.

Some may be at fault but many only require some demonstrated basic knowledge, skill and ability and make a substantial investment in training for their specific job. VW and others are local examples.

7-8% unemployment is a heck of a lot better than 9.1% and the U-6 number of 16.5%. I don't see either party in office proposing anything that will actually make a difference in unemployment levels which is the only way to improve the economic dilemma. The only candidate, Cain, offering anything that might work cannot be elected with both parties attacking him out of fear he may gain some traction and disturb their play ground. His proposed 9-9-9 plan as a transition step to the fair tax proposal is resisted by the wealthy (fat cats) and congress.

October 12, 2011 at 9:06 a.m.
whatsnottaken said...

I have $5,000 in my life savings, work 60 hours a week at three jobs, pay a $1,300 monthly mortage, support a family of 5 and don't ask for, or get, any handouts from the government. And though we live paycheck to paycheck, I am what the deadbeats Wall Street Wankers (protestors) call a fat cat. Wonder how much money sympathizer Clay makes, wwere he lives, what kind of investments he has. Betcha he's a fat cat too.

October 12, 2011 at 9:40 a.m.
MTJohn said...

whatsnottaken said...And though we live paycheck to paycheck, I am what the deadbeats Wall Street Wankers (protestors) call a fat cat.

No, you aren't. You are the kind of person who has been used by the "fat cats" and the kind of person whom the protesters are trying to defend.

October 12, 2011 at 9:44 a.m.
XGSBoss said...

YES!! BRP has a beautiful point!! Please buy American!! It won't solve all the problems, but it's a damn good start to getting back on track. I won't thank you for most all your other posts, but I do for your last one. In all seriousness, we could all learn from it.

October 12, 2011 at 9:48 a.m.
EaTn said...

whatsnottaken....do you realize you are about two or three paychecks from being one of the 20 percent unemployed, living on government subsidies and looking for a very cheap place to live since you will be foreclosed and evicted? Don't think I would be riding in the elephant parade.

October 12, 2011 at 10:01 a.m.
MTJohn said...

If we are concerned about buying American, we should also insist that every product that carries the label, "Made in America", is, in fact, made in America and not just assembled in America (or sewn in the Mariana Islands by prostitute slaves).

October 12, 2011 at 10:08 a.m.
EaTn said...

Buy America? We don't have the capabilities, facilities nor skills left in this country to produce most goods since our govt waved bye-bye to the fat cats as they moved out of the country with no repercussions.

October 12, 2011 at 10:10 a.m.
whatsnottaken said...

Oh, I'm riding the elephant. If I weren't, the donkey would empty what's left of my pockets and give to all those marching around rather than working, cause that's what socialism is. Give from those who have to those who don't cause they don't want to have to work for it. They want to march for it.

October 12, 2011 at 10:14 a.m.
XGSBoss said...

EaTn, I agree fully, but we can try our best to buy American. Dare I say stop helping corporations from shipping plants and jobs overseas? Even further, PENALIZE companies that do so? Too socialist an idea for some? Or just what we need?

And MTJohn, the penalty for lying like that needs to REALLY hurt the offenders. That is NOT to be accepted, and why we need inspectors. Wait, that calls for MORE govt, dog forbid!

October 12, 2011 at 10:26 a.m.
potcat said...

Whatnot, you are not even close to being a Fat Cat.

I do buy American, very hard to find.

big, i wouldn't pay $65 for a set of sheets, made in America or not. Last Sat. was half off day at Goodwill on all items, and i got a Laura Ashley Comforter for $10.It is Beautiful and 100% cotton and looks brand new. Also got a pair of Doc Marten boots,like new for $5. Its hiking time of year for me and i got a good pair of boots that will take me years to wear out. My old boots were wore out, but i lucked up this trip Goodwilling.

First Sat. of every month is half off day at Goodwill, Sister and i have made it a ritual of sorts and theres nothing like a good buy!!

October 12, 2011 at 10:26 a.m.
mtngrl said...

whatsnottaken said... "I have $5,000 in my life savings, work 60 hours a week at three jobs, pay a $1,300 monthly mortage, support a family of 5 and don't ask for, or get, any handouts from the government. And though we live paycheck to paycheck, I am what the deadbeats Wall Street Wankers (protestors) call a fat cat...."

What are you even basing the statement that the protesters consider you a fat cat? How many millions do you make while sending jobs overseas and avoiding taxes through loopholes?

October 12, 2011 at 10:47 a.m.
BigRidgePatriot said...

potcat said... "I wouldn't pay $65 for a set of sheets"

We cannot beat up on American companies for moving manufacturing overseas and then not be willing to pay for American labor rates.

Those of us shopping at Wal-Mart for Chinese goods are guiltier than anyone for the exodus of American manufacturing jobs. American manufactures are just giving us what we are demanding. Let that soak in and then do a little self-examination with respect to your attitudes towards American businesses.

October 12, 2011 at 11:24 a.m.
whatsnottaken said...

Protesters obviously don't have to be at work, or they would be. Was all their jobs outsourced? That would suck. Maybe mommy and daddy are giving them an allowance, paying for their cell phones and cameras and the cool clothes they're wearing to the daily protests. Maybe they don't need jobs, maybe they're just sticking it to the man.

October 12, 2011 at 11:30 a.m.
MTJohn said...

Whatsnottaken - I think you should spend a little more time fact-checking your information sources.

October 12, 2011 at 12:08 p.m.
potcat said...

Let this sink into your pea brain assumptions on my Linen buying habits. I don't have $65 to buy a set of sheets. Therefore Wallmarts Chinese goods would never get a Dime from me.

If the American wages i earn were higher and i could find goods made in the US, i would go out of my way to buy American. I shop Thrift Stores and Yard sales for every thing but food and cleaning products.I also grow a lot of my food, self- examination indeed, as to respect to my attitudes towards Business or any thing else, it is my perogative and i sure as hell don't need the likes of you to straighten me out on how i come to an opinion or express my self in doing so.

Examinate yourself,i have a feeling that would be a full time job!! I suggest you work on getting your "big" EGO out of the way.

October 12, 2011 at 12:15 p.m.
limric said...

Some here posit we must let the oligarchy (job creators) rob you, cheat you, rape you or kill you. Lest you be accused of class envy.

Nothing could be further from the truth.

Having recently returned from NYC, I can say with steadfast conviction that Occupy Wall Street gives me renewed faith in the wisdom of the founders.

Every moment of OWS is factually finite, yet potentially having unknowable future impacts. How are any of us to know what we truly deserve? We know what we’ve gotten.

Are not the ramifications and reflections of this movement as yet uncountable? How many seeds are in an apple is easy to count, but how many trees are in a single seed, is often unknowable.

Have we not worked for and deserve much more than we imagined possible? This is the land of liberty and opportunity -- isn’t it?

However, let us not be distracted by false claims of the deceitful prophets of the status quo.

OWS is not an example of citizens becoming active in politics, it's an outpouring of disgust for the political system. A genuine rebellion. It is America at its finest !

By contrast,

The "Tea Party" is not an example of citizens becoming active in politics, it's a ruse cooked up by corporate money and their Fox news propaganda machine. A refuge for the masses of addled rubes.

The contrast could not be more vivid.

The corporate and political elites are beginning to hear a rising roar from the people, they are starting to sweat. Now is time to turn up the heat without pausing.

The Revolution will be televised

October 12, 2011 at 12:19 p.m.
MTJohn said...

Limric - I agree with your analysis, as far as it goes. What concerns me, however, is that the Tea Party stands firmly on the second amendment and is armed. I don't think OWS shares either of those attributes.

October 12, 2011 at 12:49 p.m.
sandyonsignal said...

Dear Whats not taken,
Many of the protesters don't have work,so they can do it. Others are Veterans, who came back home after service and training, only to deliver pizzas. They simply can't find a job that will provide adequate pay. Plus, others are Pilots who stand against the corporate greed which has exploited their industry.

Please don't consider any of them or yourself a fat cat. You aren't. You are one of us, the 99%. Your life savings is about the amount the average a 1% makes in a day each year. I hate to be the one to bring you the bad news, but you need to be in coach with the rest of us.

Please don't be duped into handing over your social security to the big man either. Their greed knows no bounds. Your social security is yours, not theirs for the taking. You paid through a special tax at the bottom of your pay check. You can keep your SS if you vote Democratic; otherwise, if you want to hand it over to the fat cats, vote Republican.

October 12, 2011 at 1:30 p.m.
BigRidgePatriot said...

Potcat, Sorry if I came across as critical of any specific person's buying habits. I was trying to make a generalized point. American workers are having to compete in a global marketplace with much cheaper Chinese labor. This putting downward pressure on. labor rates, especially in manufacturing. I am just say'n, If we all made an effort to buy American when we have can it would help keep manufacturing in the US more than anything Washington could do about it.

October 12, 2011 at 2:17 p.m.
alprova said...

Harp3339 wrote: "Typically the unavailability of cheap labor, including immigrants, will drive wages up to a point of attracting people willing to do that work."

Who's kidding who? Americans these days wouldn't work picking agriculture if it paid $20.00 an hour.

"A significant number of those dependent on others to keep them up don't have anything to offer an employer to hire them other than the ability to do menial task."

If so, then who's fault is it? It's certainly not the fault of educators.

"The only candidate, Cain, offering anything that might work cannot be elected with both parties attacking him out of fear he may gain some traction and disturb their play ground. His proposed 9-9-9 plan as a transition step to the fair tax proposal is resisted by the wealthy (fat cats) and congress."

Cain's proposal is not the answer. It reduces the amount the Government is currently taking in by approximately $380 billion per year. It rewards those at the top even more than they are rewarded now. It shifts the tax burden onto the shoulders of the middle and lower income classes, which is something you agree with, I suppose.

The Fair Tax, as it was proposed by John Linder some years ago, is a proposal I can support, because at least it offered "prebate" checks on a monthly basis to those who are barely getting by.

October 12, 2011 at 2:18 p.m.
alprova said...

BRP wrote: "We cannot beat up on American companies for moving manufacturing overseas and then not be willing to pay for American labor rates."

Be careful. You're making an argument in favor often used when defending union wages.

October 12, 2011 at 2:23 p.m.
hambone said...

folks you are giving Whatsnottaken too much credit.

He works 3 jobs 60 hrs a week?

One at Hardees, one at McDonalds and one at Burger King?

And he has managed to save $5,000?

And he pays a $1,300 a month house payment?

He is just a troll trying to get your response!!

October 12, 2011 at 2:43 p.m.
limric said...

MTJohn,

In the informal interviews I conducted, the second amendment wasn’t a concern whatsoever. And this is something I take seriously. I don’t think you should worry about it.

The overlying theme is a seething anger over the huge Wall Street & financial industry theft, corporate and political corruption, greed and power that are impoverishing millions, with nary a concern about our own country’s hungry children or the millions without health care. Everyone I talked to, from pizza thrower to Madison Av. executives felt certain solidarity with the message. Even some of the less militaristic police officers know it’s the banks. ”The banks are taking all of us for a ride. And they’re getting away with it, because Congress is backing them.” President Obama was also a prime target for being a Wall Street lackey and his continued morphing into a Republican.

What’s really needed is for the Tea Party to come to grips with the manipulation they have unwittingly endured - and join the Occupy Wall Street movement. THAT would produce the real change we so desperately need.

It’s certainly is fun though to watch the media keep guessing about their “real agenda.”

October 12, 2011 at 3:18 p.m.
BigRidgePatriot said...

The morphisis from a socialist to a progressive Republican is an easy one to make indeed.

October 12, 2011 at 3:51 p.m.
LaughingBoy said...

Darned evil rich. How dare they make it big, most of the time on their own hard work over years?

October 12, 2011 at 4:25 p.m.
riverman said...

Sandy, you are such an airhead twit. If you live on Signal Mtn you are not a part of the 99%.

October 12, 2011 at 5:02 p.m.
mountainlaurel said...

BlondeButNotDumb said: “What's happening on Wall Street and other places are the lazy and greedy protesting against those who work and earn their money.”

You must be living in some sort of bubble, BBND. As a recent NYT’s editorial pointed out, many of these protesters are young people who can’t find jobs:

“On one level, the protesters, most of them young, are giving voice to a generation of lost opportunity.

The jobless rate for college graduates under age 25 has averaged 9.6 percent over the past year; for young high school graduates, the average is 21.6 percent. Those figures do not reflect graduates who are working but in low-paying jobs that do not even require diplomas. Such poor prospects in the early years of a career portend a lifetime of diminished prospects and lower earnings — the very definition of downward mobility.

The protests, though, are more than a youth uprising. . . They are exactly right when they say that the financial sector, with regulators and elected officials in collusion, inflated and profited from a credit bubble that burst, costing millions of Americans their jobs, incomes, savings and home equity. . .

The initial outrage has been compounded by bailouts and by elected officials’ hunger for campaign cash from Wall Street, a toxic combination that has reaffirmed the economic and political power of banks and bankers, while ordinary Americans suffer.

Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment.

When the protesters say they represent 99 percent of Americans, they are referring to the concentration of income in today’s deeply unequal society. Before the recession, the share of income held by those in the top 1 percent of households was 23.5 percent, the highest since 1928 and more than double the 10 percent level of the late 1970s.

That share declined slightly as financial markets tanked in 2008, and updated data is not yet available, but inequality has almost certainly resurged. In the last few years, for instance, corporate profits (which flow largely to the wealthy) have reached their highest level as a share of the economy since 1950, while worker pay as a share of the economy is at its lowest point since the mid-1950s.

http://www.nytimes.com/2011/10/09/opinion/sunday/protesters-against-wall-street.html?_r=1

October 12, 2011 at 7:08 p.m.
fairmon said...

Alprova...

The initial 9-9-9 plan is only a transition step to the fair tax proposal in H.R. 25 I think is the bill. I don't think your numbers are right based on the information on his web site. I really thing the fair tax is the best option with stringent penalties and safe guards against black marketing. It is the only tax where if you play you pay regardless of where your money come from.

October 12, 2011 at 7:14 p.m.
XGSBoss said...

River, you are such a santorum (google it). Just be thankful that we 99%ers are fighting for you. If you think the actual 1% give a flying piece of santorum about your welfare cheating, no-child support-paying, 5th grade educated, meth head, cat piss smelling, car repo'd, shanty foreclosed on, waste of air ass then you are as deluded as we all think you are.

I know this will be removed, I may be banned too. But I feel good and I will sleep oh so well tonight. The truth really does set you free!!

October 12, 2011 at 7:15 p.m.
fairmon said...

What happens if all the financial folks move to the man made island in the middle east that wants to be the financial capital of the world and just let those folks have Wall St.

What did they do and what are they doing that is illegal? How do we stop a company from moving to another country like Google did because they are treated better by the government and people there?

How could we stop GE from building a light bulb factory in China instead of the U.S.? How do we keep any company from building or moving in another country without causing that country and others to retaliate making things worse here.

October 12, 2011 at 7:21 p.m.
MTJohn said...

limric said...

MTJohn,

In the informal interviews I conducted, the second amendment wasn’t a concern whatsoever. And this is something I take seriously. I don’t think you should worry about it.

I'm not worried about the folks who are part of OWS. The post was about how the Tea Party folks might respond.

October 12, 2011 at 7:53 p.m.
MTJohn said...

harp3339 said...

What happens if all the financial folks move to the man made island in the middle east that wants to be the financial capital of the world and just let those folks have Wall St.

They are doing variations of that already and it says something about their commitment to this country!

October 12, 2011 at 7:54 p.m.
dude_abides said...

sandyonsignal... thanks for noticing. I only hope that I can live up to the responsibility of bearing these colors. I know it hasn't been accomplished thus far. I'm going to try to be a kinder, gentler eagle. I am in the process of defining a new direction for our country... something I call "A Thousand Points of Flight."

October 12, 2011 at 7:59 p.m.
SCOTTYM said...

"Who did Wall Street buy in 2008? Who would have been more hurt by restrictions on corporate donors? Which party has corporate interests at heart?

The numbers say it all. Class dismissed."

http://townhall.com/tipsheet/katehicks/2011/10/12/by_the_numbers_who_did_wall_street_buy_in_2008

I find it absolutely hilarious that many of the people who rail against the "Fat Cats" on Wall Street are the very same ones who absolutely ADORE the incompetent moron those "Fat Cats" bankrolled into the White House.

October 12, 2011 at 8:07 p.m.
Oz said...

Blame Wall Street it's easy. They do share the blame of the mortgage mess but what about Main Street? Real Estate appraisers were inflating appraisals. Realtors were coming up with very creative financing plans such as bogus 2nd mortgages. Sellers and buyers were creative with financing. They were inflating prices to take cash out of the deal at closing. Chattanooga had a high profile weather man busted in that scam. I'm sure many other sellers and buyers participated too. Homebuilders participated in the mortgage mess. They adjusted numbers to get people into a home. People lied about their income to qualify for a home. How many infomercials were on TV for purchasing real estate with no money down and walking away with cash at closing? Buyers were urged to make upgrades to the properties with credit cards and flip the property. Wall Street made plenty of mistakes but they were mislead by Main Street too. All lending common sense was thrown out the window.

October 12, 2011 at 8:12 p.m.
mountainlaurel said...

ScotttyM said: ""Who did Wall Street buy in 2008? Who would have been more hurt by restrictions on corporate donors? Which party has corporate interests at heart?"

Where have you been, ScottyM? Wall Street has been unhappy with Obama ever since the Dodd-Frank financial reform bill was passed. Why do you think so many Republicans are opposed to finance reform? Indeed, Republican politicians like Cantor and Boehner wasted no time after Dodd-Frank in stepping their efforts to win donations from Wall Street:

“Republicans are stepping up their campaign to win donations from Wall Street, trying to capitalize on an increasing sense of regret among executives at big financial institutions for backing Democrats in 2008.

In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.

GOP strategists hope to benefit from the reaction to the White House's populist rhetoric and proposals, which range from sharp critiques of bonuses to a tax on big Wall Street banks, caps on executive pay and curbs on business practices deemed too risky. . .

. . . House Minority Leader John Boehner of Ohio made a pitch to Democratic contributor James Dimon, the chairman and chief executive of J.P. Morgan, over drinks at a Capitol Hill restaurant, according to people familiar with the matter.

Mr. Boehner told Mr. Dimon congressional Republicans had stood up to Mr. Obama's efforts to curb pay and impose new regulations. The Republican leader also said he was disappointed many on Wall Street continue to donate their money to Democrats, according to the people familiar with the matter.

A spokeswoman for J.P. Morgan declined to comment Wednesday.

"I sense a lot of dissatisfaction and a lot of buyer's remorse on Wall Street," said Rep. Eric Cantor (R., Va.), the second-ranking House Republican and a top Wall Street fund-raiser for his party.”

http://online.wsj.com/article/SB10001424052748703575004575043612216461790.html?mod=e2tw

October 12, 2011 at 10:26 p.m.
NoMyth said...

harp3339 stated "Big oil could....achieve the goal of energy independence if allowed to do so." This is not a credible statement so please do not comment on what big oil can and cannot do. The U.S. has a tiny fraction of the world's oil reserves and is the largest consumer. We cannot achieve energy independence any time in the next 30 years. Anyone who says otherwise knows very little about this topic.

October 12, 2011 at 10:40 p.m.
SCOTTYM said...

mtnlrl,

How, exactly, does that article refute the fact that Odumdum was bought and paid for by those same "Fat Cats"?

Before you start believing the class warfare rhetoric Odumbdum has been spouting, please do keep in mind the vast amounts of taxpayer dollars payback he has been shoveling out the door of the White House and into the pockets of those "Fat Cats" the entire time he's been in office.

The class warfare bit is just a cynical way of diverting attention away from the highway robbery that .gov has instituted against tax payers at every level, as well as the center piece of a divide and conquer strategy for the 2012 elections.

Those "Fat Cats" are just playing the game that is being sponsored (via taxpayer dollars), and officiated by the corruptocrats in D.C. to consolidate the power of fed.gov.

Instead of correctly placing the blame on the rats in D.C., ya'll are falling for the head-fake, "Oh look, it's the rich rats who took your future away!" B.S. and swallowing whole the myth that the rich get rich only by making everyone else poor.

If there is a Hell, I guarandamntee Lenin is sitting beside ole Scratch himself sharing a mighty belly laugh at how the weak minded in this country are falling for the same old lies the far left has been spouting for over a century, even though it always ends with greater suffering and a poorer, less free, existence for the masses and unlimited privilege and wealth for the political masters.

October 12, 2011 at 11:48 p.m.
fairmon said...

NoMyth said...

We cannot achieve energy independence any time in the next 30 years. Anyone who says otherwise knows very little about this topic.

Anyone that says it is not possile knows very little about this topic other than what some media writer or politician has said. Including natural gas reserves and coal the U.S. has more known reserves than anyone. Had the initiative started 30 years ago when the energy deprtment was established by Carter for that purpose we would be one hell of a lot closer than we are. If nothing is done now and natural gas and other sources are not utilized we will be worse off each year with no progress.

October 13, 2011 at 3:10 a.m.
carlB said...

If any of the people who have been affected by the concerted effort of the few "money changers," it should be obvious that they are using the free trade agreements (global economy) with the lower monetary value countries, finalized by our elected "leaders," to actually wage a war against the workers here in the USA. There are a few powerful "players" involved in this "scheme" for destroying this Republic's status as we know it and what the growth of the "middle class" did for the growth of our economy after the 1929 great depression. During the last few years, there has been a concerted effort of the powerful few to destroy the balance of the manufacturing base, destroying of the middle class, the "busting up" of the workers' representation, bargaining rights, and moving this Republic back to the pre FDR attitude toward the working people.
The arrogance of the effort of the people who are pushing the depression of the workers, really expect them to accept the old attitude without any disagreement.

October 13, 2011 at 12:09 p.m.
mountainlaurel said...

ScottyM said: "How, exactly, does that article refute the fact that Odumdum was bought and paid for by those same "Fat Cats"?"

I was just trying to bring you up to date information on the status of Wall Street political contributions, ScottyM. You were complaining about the campaign contributions that Obama had received from Wall Street during his in 2008 presidential campaign, and, as such, I assumed you would be just as concerned about Republican politicians raking in Wall Street political contributions in 2011. But I guess this is not the case.

Personally, I thought Representative Eric Cantor’s reference to “buyer’s remorse” was quite revealing and says a lot about the buyer-seller relationship between Wall Street and our elected officials: "I sense a lot of dissatisfaction and a lot of buyer's remorse on Wall Street," said Rep. Eric Cantor (R., Va.), the second-ranking House Republican and a top Wall Street fund-raiser for his party.” Of course, the question we should be asking is why do we continue to pay the salaries of men like Cantor when they are obviously working for Wall Street?

October 13, 2011 at 1:54 p.m.
SCOTTYM said...

Mtnlrl,

I wasn't "complaining" about anything. I was merely pointing out the hilarious disassociation from reality exhibited by "woe is me" crowd who hates the "Fat Cats" but love Oduma$$.

Eric Cantor was elected by the people of his district, and as such, he is entitled the same pay as every other individual in the U.S. House of Reps.

This is the same reason we continue to pay the current POTUS, incompetent as he is.

October 13, 2011 at 5:52 p.m.
NoMyth said...

@harp3339: now you have switched your statement from 'big oil' to coal and natural gas. Even so, your statements continue to be incorrect. Russia has vastly more proven energy resources than the U.S. and once China begins looking at shale gas they will have more as well. Whatever talking points you are using are not accurate. Even Qatar has vastly more oil and gas than the U.S. Regardless, the U.S. cannot achieve energy independence in the next 30 years even if we made it our #1 goal. So, 'energy independence' continues to be a silly phrase to wantonly throw around.

October 13, 2011 at 9:54 p.m.
mountainlaurel said...

ScottyM said: "I wasn't "complaining" about anything. I was merely pointing out the hilarious disassociation from reality exhibited by "woe is me" crowd who hates the "Fat Cats" but love Oduma$$.

It certainly sounded like a complaint to me, ScottyM. As for "fat cats," Steve Benen at Washington Monthly posted a joke today that I will pass along to you:

“A public union employee, a Tea Party guy, and a bank CEO are sitting at a table with a plate of a dozen cookies. The CEO takes 11 of the cookies, turns to the Tea Partier and says, “Watch out for that union guy; he wants your cookie.”

October 13, 2011 at 11:15 p.m.
stanleyyelnats said...

stanleyyelnats.com

Mr. Cain gets his advice from a game called SimCity.

Many speculated the former Godfather's Pizza CEO turned to a great delivery deal — $9.99 — for inspiration on the name. It's catchy, easy to remember.

When you look closer at the fine-print, the plan essentially abolishes Social Security and Medicare.

Long before Cain was running for president and getting attention for his 999 plan, the residents of SimCity 4 — which was released in 2003 — were living under a system where the default tax rate was 9 percent for commercial taxes, 9 percent for industrial taxes and 9 percent for residential taxes. (That is, of course, if you didn't use the cheat codes to get unlimited money and avoid taxes altogether.)

October 15, 2011 at 9:37 a.m.
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