Tag: Wall Street

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Smoking Gun Aimed at OWS

A lobbying group, Clark Lytle Geduldig & Cranford, put out a memo to one of their clients, the American Bankers Association about “constructing a negative narrative about Occupy Wall Street”.  I’m not sure it is really a smoking gun as most of this falls into the realm of “common knowledge”.  I do think that most folks believe this is how our sick system really works.  It is, however, very scary to see this in print.

From an article on CommonDreams.org gleaned from MSNBC:

 According to the memo, if Democrats embrace OWS, “This would mean more than just short-term political discomfort for Wall Street. … It has the potential to have very long-lasting political, policy and financial impacts on the companies in the center of the bullseye.” Continue reading “Smoking Gun Aimed at OWS”

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Counter the Koch Billions…Protect Social Security

Best I can figure out is that these the Koch Brothers want to totally weaken our government and the American middle class so their greed can ran rampant over the country. It is very scary to me.

This video is narrated by Senator Bernie Sanders, one of the few politician fighting for the American people and all that is good and right with this nation.

 

The Facts:

  •  Social Security belongs to you—the workers who contribute to it—not the politicians in Washington.
  •  Social Security will never go bankrupt. Its major source of income comes from the contributions of workers and employers; as long as there are workers, Social Security will have income.  Closing tax loopholes for wealthy individuals will increase the long term financial health of the program, and protect it for decades to come.
  • Raising the retirement age is a terrible idea and a large benefit cut. If you were claiming benefits as a 66 year-old retired worker and the full retirement age was changed from 66, where it is today, to 69 your benefits would be cut 20 percent. A typical benefit would drop from $14,000 a year to $11,200 a year.
  • Privatizing Social Security would be a disaster.  Social Security is so valuable because it provides a guaranteed benefit. Privatizing Social Security would remove this guarantee and have people gamble their retirement savings in the casinos of Wall Street. If the recent financial crisis taught us anything, Wall Street is the last place where our money is safe.

For more information, check out the Strengthen Social Security Campaign.

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B-A-N-A-N-A… R-E-P-U-B-L-I-C

I’m not much on conspiracy theories, but I am beginning to concoct one.  Our government is adrift.  We have not had any real leadership in the President’s office for 10 years.  What little “leadership” there has been has been counter to benefiting the vast majority of us.

The question then is who benefits from lack of leadership in this country.  My short answer would be cowboys on Wall Street and the wealthy 1 or 2 percent of Americans who seem to be setting the government’s agenda. Continue reading “B-A-N-A-N-A… R-E-P-U-B-L-I-C”