Obama Says Wall St. Protests Voice Widespread Frustrations

Mr. President – completely right on the financial industrial and on Congress. The GOP response (eg, Rep.Braun)will again display essentially flatliner brain activity.

Amazing….. how observant of our commander in chief is……I thought the protestors were just staging a play revolution.
Go Ron Paul…. Ron Paul or Revolution!

It’s becoming ludicrous. Every day I see the president out there pushing jobs, which is the main concern of the American people. Every day I see the republicans using the deficit to delay and obstruct. Cutting spending in the middle of a recession is crazy. No wonder the American people are frustrated. No wonder the people are so p—–ed off at Congress.

“The protesters are giving voice to a more broad-based frustration about how our financial system works.”

Yes! . People are fed up with the corruption of their elected officials by malignant agents in the corporate community.

“Don’t let the noise of others’ opinions drown out your own inner voice” — Steve Jobs

Impeach all the GOP & Tea-PArty Terrorists and start anew. Vote like your life depends on it…..because it does. POSTED BY: RAYSZ28_2009 | OCTOBER 6, 2011, 12:42 PM 12:42 PM. So what do you call the protesters on wall street who break the laws and are funded and organized by George Soros and Moveon.org. 90% of them are there just for the freebies.

CHINA: “And once solar energy becomes competitive . . .”

If not overburdened by government and pushed out by government-sponsored companies, American entrepreneurs will enter the market naturally. That solar energy isn’t competitive is the reason government should have never made such gambles as the failed Solyndra to begin with. It’s a waste of the people’s money when they need it most.

Some people here are trying the usual Swiftboat sliming approach of what is clearly a movement of concerned citizens with entirely reasonable points they’re unhappy about. Tough to Swiftboat such a large and growing phenomenon successfully – but you keep on trying, this gives one a warm feeling that extremists will not win in 2012.

“verge of revolution” with 10% unemployment we are on the verge of revolution? really. so the plan is to create anarchy and scare people so they can be extorted? that must be the plan because the dams cant run on their own record so lets create anarchy and marshall law or even not have an election as some dems are espousing. kind of hard to have a revolution when only less than one percent are out in the streets.

when the govt spends money you are taking other peoples money and spending it for them. when you are out of money as the government is how can you have more spending? thats the new math biden is teaching 5th graders.

“American entrepreneurs will enter the market naturally”

We couldn’t be happier with that plan. With our heavy government subsidies we’ll have cornered the market by then.

Posted by: Kimberly | October 6, 2011, 1:39 pm 1:39 pm

Are you dense? An Occupy Wall Street protester assaulted a cop in NY yesterday. When has a tea partier ever done that? When have hundreds of tea partiers ever been arrested? You lefties sound so clueless.

J.R. – thought you were gone…how’s Miss Ellie? You’re right, nor only Wall Street – mainly, it’s money in politics. Lizzie, you still there, or off to your second job (the one not involving the Koch brothers, etc.)?

Posted by: libertyjustice33 | October 6, 2011, 2:08 pm 2:08 pm

Subversive communists, anarchists, and anti-Semitic morons don’t represent mainstream America. Sorry. At the rate they’re going, many Occupy Wall Streeters won’t be at the polls next year. They’ll be spending time in prison for committing violent crimes.

What a joke! Obama says, “The protesters demonstrating against Wall Street and the country’s financial system are expressing the widespread frustrations shared by the U.S. public, President Obama said today. That is an out an out lie! He created the class warfare angle by continually saying that the successful well paid people in America don’t pay their fair share. Another lie! Here are the facts:
Yes, income in America is skewed toward the rich. But taxes are skewed far, far more. The top 5 percent pay well over half the income taxes. That’s not fair! The rich are already paying more than their fair share. The latest data show that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes.
In my opinion its the poor that need to pay more because they are not contributing at all. This is nothing but class warfare. Obama and the Devilcrats should be ashamed of themselves. They are using the power of the government to steal from the successful and give to the lazy moocher class.

CHINA: “And once solar energy becomes competitive . . .”

If not overburdened by government and pushed out by government-sponsored companies, American entrepreneurs will enter the market naturally. That solar energy isn’t competitive is the reason government should have never made such gambles as the failed Solyndra to begin with. It’s a waste of the people’s money when they need it most.

Posted by: Anonymous | October 6, 2011, 1:29 pm 1:29 pm

China’s solar industry has major government participation and funding. Perhaps we should just let China beat us in all aspects of business and manufacturing.

The protesters are young, naive fools. It would serve this country right if all the corporations just pulled their assets and jobs out of the country leaving the rest us us really poor. Not Obama poor where you still have a flat screen TV and a new car in the driveway and still be classified as poor. This liberal class needs a reality check. If Obama gets his way we are all going to be poor. Then we will have loads of envious Devilcrats running around. Maybe that’s why Obama keeps doing things to mess up the corporations. Drive them into bankruptcy or out of the country and then blame it on the conservatives. There are plenty of liberals out there ready to believe anything a Demoncrat says.

LIBERTYJUSTICE33: “Some people here are trying the usual Swiftboat sliming approach of what is clearly a movement of concerned citizens with entirely reasonable points they’re unhappy about.”

In a free country, like America, it is not reasonable to blame the successful for your failure.

And, the union-back, liberal Obama supporters protesting Wall Street and our free market economy do not represent anywhere near 99% of us — liberals only account for a small 20% of Americans.

Posted by: Kimberly | October 6, 2011, 2:55 pm 2:55 pm

Your post highlights why communists coined the term “useful idiot” to describe liberals.

Anonymous | October 6, 2011, 3:54 pm…for what it’s worth I’ve been pretty successful (hint: I know big corporations including Wall Street ones well, and retired from a senior full-time position in my 40s) – I consider myself a better capitalist than most, maybe even you. So let me rephrase your point, in a free country, where big business has done an LBO on our politicians, causing them to repeatedly PRIVATIZE huge profits while SOCIALIZING huge losses, it is unreasonable not to blame both of these unpatriotic, serial failures for the middle-class’ lack of success.

LIBERTYJUSTICE33: “. . . where big business has done an LBO on our politicians . . .”

Not that I agree, but if politicians didn’t over-regulate, overburden, and manipulate the market, big business would have much less interest in politics. The government playing favorites is a big part of our problem. Although, the solution to that isn’t more government, it’s less.

At the end of the day, the people vote in our representatives, not big business — and the people need to start voting in representation that better respects the people’s free market.

GERMANY: “Well before enacting spending cuts and ‘fiscal responsibility’, which drove away investment, our economic growth and employment rates were way better than yours.”

No, the US GDP has been and continues to be well above that of Germany. If you like Germany so much, just move their. In America, we built our success on freedom and free markets — and to the degree we didn’t, we pay the price.

GERMANY: “GDP is not the same thing as economic growth.”

GDP is what we’ve used to measure economic growth for many decades now. How do you measure it? The amount on government welfare? This is getting silly . . .

Silly indeed.

GDP = private consumption + gross investment + government spending + (exports − imports)

Funny, no mention at all of any delta or rate of change, which would be the case with measuring any growth…..and notice how government spending adds to GDP

AS USUAL: “. . . and notice how government spending adds to GDP”

GDP = private consumption + gross investment + government spending + (exports − imports)

Yeah, I notice how government could easily be removed or reduced from the equation. Regardless, year in and year out Germany’s GDP doesn’t come close to that of US. Again, if you like Germany so much, just move there. In the US, our economic growth is primarily based on the people and the free market.

What do the protesters “ACTUALLY” want? I don’t get it? I own stock in UPS which has done VERY. VERY well. Does that make me a bad guy too? What is preventing the protesters from investing in UPS also? I don’t understand what they want – turns out that I am not the ONLY one asking that question.

From the SF Chronicle:

(10-06) 13:01 PDT SAN FRANCISCO — San Francisco police and Public Works crews dismantled a Financial District encampment early today that had been occupied by activists protesting economic inequality.

About 80 officers wearing riot helmets confronted some 200 campers and their supporters at about 12:45 a.m. at the Occupy SF camp in front of the Federal Reserve Bank’s building at 101 Market St. near Main Street. The officers guarded city workers who removed tents, sleeping bags and other belongings.

One protester was arrested for allegedly assaulting an officer.

The camp was taken down hours after several hundred people marched through the Financial District in an Occupy SF-organized protest. The group formed in solidarity with the Occupy Wall Street movement, which has been staging protests in New York over the past month over what it calls corporate greed and the excessive concentration of wealth and power among 1 percent of the nation’s population.

—-

Wow, even San Francisco is bringing the hammer down on communites, anarchists, and hippies. Why hasn’t Nancy Pelosi offered these poor souls her home as a refuge? Why are progressives so hateful toward their supporters?

Ironic that many of these “kids” are talking on their latest communicators that were paid for by their daddies with capitalist bucks.

List of countries by real GDP growth rate [latest]

US: #116 2.834
Germany #100 3.504

Oops! ideology fails again, Is anybody surprised? BTW China is #6 at 10.3

The way austerity is killing economic growth in Europe……more spending cuts anyone?

AS USUAL/GERMANY/SKIP: “Government provides certain services much more efficiently and with less overhead than the private sector.”

That’s impossible, as government doesn’t actually produce anything. It just moves money from one group to another, wasting the people’s money in the process. That’s why the government should only do what it must. And, providing welfare services to the public is not one of those things.

The question people should ask themselves is this: Why do liberals insist on growing our economy the most inefficient way possible through government? The answer is obvious — to take your money and, therefore, your freedom — and our economy pays the price.

Again, more hope and change anyone?

The question people should ask themselves is THIS: Why does the GOP (and all of its mouthpieces, paid or perpetually duped) insist on justifying inequities caused by the financial machine which has bought politicians, written legislation that the GOP pushes, is crushing the economy and sucks life from the middle class for its own careless gain?

The answer is obvious– to take your money, and therefore, your freedom. To turn the 99% into serfs.

Stand up to the corporate machine. The rich have been getting richer and corporate America is sitting on trillions in cash reserves while the rest of us deal with the consequences of a shabby, jobless recovery in the early 00′s and poor decisions by the administration, followed by a credit bubble, followed by a crash in which the 99% had to bail out Wall Street, followed by the worst economy in generations.

America’s resources must be invested in ways that meet the human needs of the COMMON good including security, infrastructure, health, a social safety net, alternate energy and environmental protection (versus war and continued exploitation)

Most Americans know better than to believe government services have no value. That’s why nonsense peddlers like Bachmann and Perry and their fringe anti-government diatribe are being rejected by diverse groups in the Republican party, like retirees in Florida did. They’re more likely to believe a fast-food salesman like Herman Cain. Read it and weep.

ANONYMOUS | OCTOBER 7, 2011, 11:26 AM posted: “The American people’s money has value alright, just much less once filtered through the middle-man that is government.”

Yeah, those “middle-men” like the people who are teachers, courthouse janitors, county construction crews, and military veterans. What a waste of money. Much better to privatize everything such as the evil union-controlled Post Office. Give old people with dementia the “liberty” to invest their lives’ savings with trust-worthy Wall Street for retirement! The Invisible Hand of the Free Market is always working in the nation’s best interest.

Do you think there is a reason why no country in the world has embraced the fantasy of Libertarianism?

“I’m describe is Conservatism,”

Buckley wept.

@ CHLOE, GOBAMA ’12 – I doubt anybody would weap over a typo. It should have read as follows for the unimaginative:

That’s a strawman, as I’m not describing Libertarianism, I’m describing Conservatism, the most popular political ideology in America.

WE’RE THE 99 PERCENT: “The question people should ask themselves is THIS: Why does the GOP (and all of its mouthpieces, paid or perpetually duped) insist on justifying inequities caused by the financial machine . . .”

In America, all are created equal and all are free to rise and fall at their own will. That’s the beauty of our country. Liberals blame their lack of talent and ambition on those who possess talent and ambition. It’s nothing more than apathy and envy dressed in victim-hood. America knows better.

WE’RE THE 99 PERCENT: “. . . a credit bubble, followed by a crash in which the 99% had to bail out Wall Street, followed by the worst economy in generations.”

Since the rich pay most of the taxes (top 50% wage earners, pay 95% of all income taxes), the top 50% are who bailed out Wall Street. Nice try, though.

And, had your precious government stayed out of the mortgage market, the bubble and crash would have never happened.

WE’RE THE 99 PERCENT: “America’s resources must be invested in ways that meet the human needs of the COMMON good . . .”

Wrong. America’s resources should be invested by the people that earn them, not by the government on behalf of those who didn’t. That’s called S o c i a l i s m, which is an unfair system that has failed wherever it’s been tried. America’s free market system on the other hand, is the most fair and successful in history.

By the way, liberals only make up 20% of the country, so you need to start calling yourself WE’RE THE 20 PERCENT. You aren’t fooling anyone.

CHLOE, you can worry about simple typos, while the adults will worry about more pressing and substantive issues like our faltering economy brought about by an overbearing government.