Rich Wall Street 1%'er Screws Us Again
 

Here we go again. Another titan of the financial industry runs his company into the ground, screws his employees out their jobs, all while raking in $14.2 Million a year in salary.

Jon Corzine's company MF Global just imploded because Corzine decided to invest in European debt. Stupid, arrogant SOB, who now walks away with millions while leaving financial ruin and unemployed workers in his wake.

Ooops, he a Democrat. Well, then he must have had a good reason for letting his company fail. It must have been Bush's fault after all.

The narrative on the merits must really be going bad to spend all of this energy finding individual Democrats to hold up for scorn. I don't know the underlying facts, but if Corzine's MF company (;)) screwed up, it screwed up. Golden parachutes are no more attractive on Democrats than Republicans. As far as I know, Bill Gates is a Democrat, but that doesn't mean that I like his monopolistic practices. BTW, wasn't it a democratic administration that pursued the antitrust claims against Gates?

One of the issues that has been highlighted by the OWS demonstrations is the cozy relationship between money and the political establishment - which can include both Democrats and Republicans. I am inclined, however, to believe that the GOP is unlikely to ever initiate lobbying reforms. On the other hand, the activism we are seeing might push the Democratic establishment, even if kicking and screaming, into some meaningful lobbying reform.

Regards,

D-Ray

GE and Jeffry is the worst "big" corporation IMHO. They were the last ones to stop doing business with Iran, and then only after getting smacked around some. It really saddens me to see these once great, and ethical, American companies turned into slaves of the penny. When did we Americans decide more cheap crappy stuff was better than a few quality items that served our needs for years (Until needing an overhaul).:( Whenever it was, it was a terrible day for the good old USA.

We're preaching from the same Bible there, brother.

Regards,

D-Ray

No shit, the OWS bunch invented the wheel.

The John Birch Society has been bitching about the exact same thing for years. Even the Tea Party beat 'em to the draw.

I used to say I've never seen so many people so proud of nothing whenever I talked about Texas.

But that was before the OWS crowd showed up.

Chas

Here ya go Chas

"If I ever meet me a Texican that ain't drank from a muddy hoof print, I'm gonna buy him a Daniel Webster Ceegar". :D

I think that happens more than either of us knows. The big difference is, I think the government will turn into (like it hasn't already) the same kind of huge entity. I think it is "We the People" who have to get ourselves out of this mess. The problem with that though, is the majority of Americans just don't give two shits. As long as they have the "Pay Less, Live Better" Wal Mart down the road, and a job that allows them to afford a 1200 dollar TV, they are happy as hogs in chit. Don't think for a second that I think the Republican Party of politics has the answers, I don't. I'm a self educated, common sense type of thinker, and socialism has sucked every time it has been tried. I'm genuinely worried about America, and believe that her best hope is to be able to compete with the rest of the world. That means de-regulation, etc......... If I had a son, I'd rather leave him a little dirtier air, than speaking Chinese, ya know? I truly believe with all my heart that organisations like the EPA are as corrupt as the day is long. It's just one more way the government can pick the winners and losers, thus turning the thumb screws at will. That's not the kind of Freedom our for-fathers had in mind is it?

For better or worse, I know the inner workings of several of the more hated government regulatory agencies (EPA, OSHA). I don't think they're corrupt. I think the problem is that the people who work there are narrowly trained/experienced only in the science of what they're regulating, not in the practical application of that science in the real world in a cost-effectiveness manner. Many of the staff of these agencies have an attitude of us against the world (of corporations and those in the public who don't understand the science, they believe).

Part of the problem is also the formative legislation for both agencies which set up an adversarial relationship between the regulators and the regulated. Regulations and fines are pretty much the only tools these agencies were given under the law. FWIW, EPA and OSHA were created under Nixon.

I hope that my sons and eventually my grandchildren experience a society that is less and less about what they own and more and more about what they are doing with their life. We are still in a society where the greatest measure of success is how much money people make. This emphasis on material wealth skews priorities and IMHO results in greater inequalities in the availability of goods and services that should be available to all - health care, for example.

Regards,

D-Ray

Of course there have always been concerns about how much control money has in Washington and beyond. Now more and more people seem to be paying attention to the concern.

Regards,

D-Ray