Tag Archives: Wall Street

This is terrific!!!

Via BigGoverment.com:


Big Sloth occupiers on Wall St – Mark Steyn

If you don’t like to think of [Steve] Jobs as a corporate exec (and a famously demanding one at that), think of him as a guy who went to work, and worked hard. There’s no appetite for that among those “occupying” Zuccotti Park. In the old days, the tribunes of the masses demanded an honest wage for honest work. Today, the tribunes of America’s leisured varsity class demand a world that puts “people before profits.”

If the specifics of their “program” are somewhat contradictory, the general vibe is consistent: They wish to enjoy an advanced western lifestyle without earning an advanced western living. The pampered, elderly children of a fin de civilization over-developed world, they appear to regard life as an unending vacation whose bill never comes due. Mark Steyn


Wall St. Squatters – like the Tea Party? I don’t think so!

This is like the tea party?

Someone needs a reality check if this can be compared to the Tea Party.

There is no comparison – NONE. Tea party people don’t crap on police cars. They don’t prod and provoke the police. They don’t leave trash when they go home.  And they go home at the end of the day because they have LIVES and jobs.

Tea party people bring lawn chairs and bottled water and signs for the day and then they LEAVE. They don’t stay and make the neighbors lives miserable with drum circles and chants. They don’t stay and harm the economy of the small business people in the area.  And when they leave,  they leave it cleaner than when they arrived.

Finally, the stupid Mayor is coming to his senses. Be sure and watch the video at this site too:

NEW YORK — Mayor Michael Bloomberg on Friday accused the Wall Street demonstrators of trying to cripple New York City’s economy.

“What they’re trying to do is take the jobs away from people working in this city,” the mayor declared in his harshest criticism of the three-week-old protest that has caught the attention of the nation.

“They’re trying to take away the tax base we have because none of this is good for tourism.”

Although he expressed sympathy for “some of their complaints,” Bloomberg warned that addressing them has to be accomplished “without hurting people and making the problem worse.”

“If the jobs they are trying to get rid of in this city — the people that work in finance, which is a big part of our economy — we’re not going to have any money to pay our municipal employees or clean the blocks or anything else.”

The mayor’s comments came in response to a caller to his WOR Radio show who asked what the city intended to do about the protest headquarters in Zuccotti Park, which is near her apartment and where hundreds of people are camped out.

“What about my rights to use the park?” asked the caller, named Marsha.

“This is a little bit of greenery that we reclaimed after Sept. 11. It’s not usable. There is a general sense of incivility down there. But worst of all are the drums and the shouting. I know they’ve agreed to stop the drumming. Last night they were drumming until 10:45. Someone did a little practice drumming this morning at 7:50.”

“We couldn’t agree more,” replied the mayor.

“We are trying to deal with this in a way that doesn’t make the problem grow and protects everybody’s rights.”

He hinted that the city is hoping the protest peters out on its own.

“I think we let some of this — not play out, isn’t quite the right word, but let them express themselves,” said Bloomberg.

President Barack Obama on Thursday defended the protesters, saying they expressed “the frustrations that the American people feel. People are frustrated and the protesters are giving voice to a more broad-based frustration about how our financial system works.”


Too many of us are hearing but not listening

Imagine you can’t pay all your bills.

For the sake of simplicity, you owe $1000 this month but you only have $600. You will have to borrow $400 to make it through the month. Now imagine you have to do that every month for the next year. That’s $4800 you will need to borrow to pay your bills for the year. And you know that you’re going to have to borrow that same amount every month for the next year (and the foreseeable future.)

Now add the interest to that $400/month loan, that is if someone or some entity will loan you this money.  Interest at 13% (that’s a really good rate on your Visa card) adds $624/year to the balance or $52/month. So now you will owe $5424 for the year.

You know that you can’t pay your bills with the income you have now. You know that you can’t pay your bills without borrowing $4 for every $10 that you spend, or $40 for every $100 or $400 for every $1000. Or as in the case of the United States of America – .40 for every $1.00 that it spends.

What would you do?

You could start by calling  your banker or your credit card company and ask them to raise your borrowing limit.  Chances are real good they will laugh at you, before telling you no. And anyone with a high school education knows that raising your DEBT LIMIT will only dig your hole deeper in the long run.

So, you sit down at the kitchen table and prioritize. If you’re an average American, you start cutting out all the things you can do without so you can pay for the things that matter, like your mortgage and medicine and your personal yacht.

Then you put a lid or a cap on all your future spending.

No more dinners on Broadway or flying your favorite pizza chef in from Chicago.

No more Spanish vacations in your private jet. What? You don’t have a jet?

No more entertainment like those private Paul McCartney or Stevie Wonder concerts.

Next, you start looking around your house at the things you can live without and sell off. But remember, that’s only going to get you through a month or 2. Eventually, you’ll run out of things you can sell, unless you live in the White House and then there’s an unlimited amount of things of value to sell.

Maybe your Wall Street friends will throw fund raising parties for you. Oh please. Don’t tell me you have no Wall Street buds.

Publish a book with a well known terrorist ghost writing it for you? You don’t know any terrorists? Sucks to be you, then.

You don’t have a $10 million winery in California that you can sell? Oh, sorry. I’d mistaken you for Nancy Pelosi.

This isn’t our life. But we are shouldering the burden for these expenses and all the expenses that benefit everyone else, including and most irritating – the political class.

Most of  us would fore go our social security checks for a couple more years. Most of us would be willing to work a couple more years rather than dump these bills on our children and grandchildren. Most of us are willing to do with less or do without to balance our books and not leave unheard of debt for our kids.

And most of us would like to see the ruling class suffering just a little bit with us.


The Hindenburg Omen, Glenn Beck and Cheryl

It’s kinda funny how somethings come together. They might all turn out to be nothing or they might turn into something, as they kinda meld.

The other day I wrote about my friend in Asheville, the RN who is convinced that something bad is going to happen. In her words – “a total collapse”  and before the November elections. Completely unrelated to this, I read an article over the weekend in the Wall St. Journal about something I didn’t understand – the Hindenburg Omen. I understood even less after I read the article because I’m not an investor broker and I don’t have an MBA. Then this morning I was watching yesterday’s episode of Glenn Beck and he explained what I had read a couple days before.

And unknowingly, it was all too similar to what Cheryl and I had talked about on Saturday.

As I said, Cheryl is a liberal. I would have to bind and gag her in order to get her to watch even 10 minutes of Beck. But she and I have been able to remain friends, in spite of our very diametrically opposing political views and I sent her the clip from Fox News with Beck explaining the Hindenburg Omen. I hope she watches it.

It’s almost a goofy coincidence that all 3 of those things came together for me in just 3 days.

Watch the stock market and we’ll see what happens.


Klavan on Electile Dysfunction and the Economic Crisis


Obama To Wall Street: “I Do Think At A Certain Point You’ve Made Enough Money”

What is that point when you’ve made enough money? And it is Chairman MaoBama who will be determining that? What’s happened to the unlimited dream that was America? After he’s done limiting the amount that Wall St. execs can make, how far is he from limiting the amount that you and I make?

Questions, questions, questions… when he’s done lecturing us, we’re never left with any answers.

PRESIDENT OBAMA: “Now, what we’re doing, I want to be clear, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money.”

Vodpod videos no longer available.