“Riots Could Come to the US” and Occupy Wall Street Protests
In an article by CNN Money, they claim Mayor Bloomberg of New York is worried that the riots in Europe and North Africa will come to the United States. He states:
“You have a lot of kids graduating college, [who] can’t find jobs,” said Bloomberg, during his weekly radio show on Friday. “That’s what happened in Cairo. That’s what happened in Madrid. You don’t want those kinds of riots here.”
It makes me think about the recent Wall Street protests. Allow me to explain:
In an article in the New York Times, it tells about protests in Wall Street. The theme is being called Occupy Wall Street. It started on a social networking site, and on Twitter it is being shared by using the hashtag #Occupywallstreet.
The claimed the idea came from:
The idea, according to some organizers, was to camp out for weeks or even months to replicate the kind, if not the scale, of protests that erupted earlier this year in places as varied as Egypt, Spain and Israel.
A 68-year-old man living in Forest Hills, Queens, Bill Steyert, told a reporter, “You need a scorecard to keep track of all the things that corporations have done that are bad for this country.”
I love people like this. I mean, where are the facts? They just blatantly blame corporations for everything. Later, I’ll prove why they’re wrong, but yet again, they claim that:
Nearby, Micah Chamberlain, 23, a line cook from Columbus, Ohio, held up a sign reading “End the Oligarchy” and said he had hitchhiked to New York. “There are millions of people in this county without jobs,” he said. “And 1 percent of the people have 99 percent of the money.”
They waved signs like:
“Democracy Not Corporatization” or “Revoke Corporate Personhood.”
And “As some of the patrons laughed and raised drinks” the protestors chanted “pay your share.”
Yet in another article, the protestors say:
“Wall Street is certainly the heart of why we’re here. It’s the corporations — the big banks in this country have been destroying this country,” said Fithian. “Overfees or high mortgages, student loans, the banks are touching every aspect of our lives.”
She added that banks and the wealthy have taken money for their own interests and their own survival.
Yes, we know that you can recite bumper stickers, but do you have any facts, no.
Now, I can show you my response. Here is the first wrong:
Nearby, Micah Chamberlain, 23, a line cook from Columbus, Ohio, held up a sign reading “End the Oligarchy” and said he had hitchhiked to New York. “There are millions of people in this county without jobs,” he said. “And 1 percent of the people have 99 percent of the money.”
I invite you to watch this video. It was made by a professor at Harvard:
He points out that the myth that Capitalism creates an unfair distribution of wealth (which is what these protestors are protesting. Capitalism rewards those who are productive. He also talks about how government cannot over regulate business because it hurts the economy. Lastly, the professor shows that interfering with Capitalism causes crisises.
“Wall Street is certainly the heart of why we’re here. It’s the corporations — the big banks in this country have been destroying this country,” said Fithian. “Overfees or high mortgages, student loans, the banks are touching every aspect of our lives.”
They yet again show no data at all. Congratulations, you can recite car bumper stickers.
Lastly, I respond to the “pay your share” chanted by the protestors. I invite you to read this article:
http://www.rushlimbaugh.com/home/menu/top_50__of_wage_earners_pay_96_09__of_income_taxes.guest.html
Here is a chart from this article:
So before you say anything about your “fair share”, look at the facts.
davidbader
voodoodaddy1
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