Occupy Wall Street Needs to get it’s Mojo Back!

I have noticed lately the Occupy Wall Street movement has been getting no media coverage. This is tragic because this movement was on the right track and should become very powerful. To help the cause I will list some suggestions for a new ultimatum.

Demand Number One: A national health care plan for every citizen of the United States. It’s been done in Canada successfully according to my cousins who actually live there. The issue in the United States is insurance lobbyists putting profits before health care. This practice should be outlawed. Obamacare to use the popular term, has gaps where it leaves some citizens with no care. In addition certain evil republican governors have refused medicaid expansion which exacerbates this situation. These governors do this simply to show that they hate President Obama and refuse to cooperate with him! This type of politics is petty and needs to be disposed of.

Two: Government funded education for everyone. We need an educated society if we are to compete in this age of technology and communication. The system of paying for education with real estate tax is outmoded and needs an overhaul. Everyone deserves the opportunity to learn. Furthermore it’s outrageous that the huge banks get to borrow money for little or no interest while student loans are gouging the pockets of young graduates! Senator Warren of Massachusetts put a bill before the Senate simply to let students refinance their loans with more reasonable terms and, you guessed it, the Republican legislators blocked it to illustrate once again their intractable attitudes.

Three: Strict controls on wall street. Junk mortgage derivatives and their disastrous consequences were the reason for the movement to begin with. We can’t let shady bankers and brokers control the destiny of the country let alone the world. Elliot Spitzer was on the right track his libido just made a wrong turn. It’s an enormous injustice that the very legislative bodies that should be enacting legislation for tighter controls on wall street regularly profit from blatant insider trading! We are already heading once again into a “too big to fail” system of regulatory loopholes leading to another redistribution of wealth where the middle class is screwed and eventually eliminated entirely.

Four: Regulations that protect our environment. If you think climate change isn’t real please visit the Northwest Territories and talk to some native Americans. Before we strip mine Canada for oil sands let’s shift our energy needs to renewable resources. We have bowed to the oil companies at our own peril. Look at the never ending debacle in the middle east. Imagine all the good that might have been done if instead of spending four trillion dollars on the war in Iraq we had concentrated that money on the betterment of life for all Americans! Instead we made a huge mess. We now have a religious civil war on our hands. What a shame that George W. Bush and Dick Cheney had not read Prince Machiavelli before sending our own sons and daughters off to protect corporate oil. Notice they were both draft dodgers and none of their sons or daughters served in the Armed Forces.

Humans are social creatures by nature. Some socialism is necessary for our own basic survival. What does it profit anyone to pillage the planet and leave little for the next generation? This is not the direction of any sane theology or philosophy I know.  Whether you believe in a higher power is beside the point. Think rationally of the big picture then you’ll get it.

Quite frankly I’d like to give my children’s children an existence where people sojourn in the stars together as opposed to their subsisting on Soylent Green, and worrying about finding water that’s uncontaminated by fracking!

“If I have seen more it is because I have stood on the shoulders of giants”.                               —Sir Isaac Newton

“Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States belongs to Japanese and German investors. The fear of getting into such a predicament is so strong today that fantasy often outstrips reality. The reality is that inequality with respect to capital is a far greater domestic issue than it is an international one.”
― Thomas Piketty, Capital in the Twenty-First Century

Get off the cell phone and DRIVE!  —Jake Shween

Facebook Fiasco; Wall Street Strikes Again!

Once again Wall Street has proven it is quite alright to rip off the common investor. The old “hot dog on a string” routine has succeeded in ripping off thousands of small time investors while the big underwriters of the IPO for Facebook have walked off scot-free, for now! Morgan Stanley brilliantly decided to set the price for Facebook’s initial public offering at a lofty $38.00 per share. Now this decision is under question as Facebook shares closed at $32.00 per share on closing Wednesday. Well it seems like business as usual except for the fact that this was such a highly publicized IPO there may be a slight chance that an investigation may yield some form of stilted justice. What a field day for lawyers and regulators alike!

We anxiously await the legal morass and numerous loopholes that will most likely avail the public of little or no justice as usual. The lawyers are certain to make piles of money! Brace yourself for the ridiculous arguments that will proceed from such a clear cut case of the great American rip off. Imagine that! Bankers who are underwriters ripping off the public! As Yogi Berra would say: “It’s deja vu all over again!” How long can this obvious failure of our system of regulation continue? Will the Security and Exchange Commission show their compliance?  What will the fines, if any, be? A few million? What the heck another slap on the wrist to an industry that is rife with corruption. We like to think that China is corrupt and we are clean but please reserve that judgement. Let us see how this plays out. Nice to see it on such a grand scale! Bravo Facebook! Touche!

Thank goodness for the Occupy Wall Street movement. It is high time the American Public payed much closer attention to what goes on in the great world of finance. What will it take for true justice for the American Public? Will we ever really know how much insider trading and tip offs actually go on every single day? Alas, time will tell. Thankfully this has happened on such a grand scale maybe, just maybe the American Public will pay attention, particularly after our collective appetite has been whetted by the mortgage derivative disaster that threatened the banking system of the entire world. Beware of any politician who calls for less regulation! Their Superpacs are most likely being funded by faceless suspect entities with a vested interest in the great American rip off. The time has come for more people like Elizabeth Warren to enter politics. It’s time for honesty and integrity to become the new morality. This nation needs a healing.

“Be a terror to the butchers, that they may be fair in their weight; and keep hucksters and fraudulent dealers in awe, for the same reason.” — Cervantes

Get off the cell phone and Drive! — Jake Shween