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Gop And The Wall Street Protests
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Gop And the Wall Street Protests

Boston Globe AP Article October 16, 2011

An interesting article published in the newspaper above had me chuckling. Mr. Axelrod one of President Obama's advisors stated in an interview on ABC's "This Week," "The GOP doesn't understand the Wall Street's protests show that American wants a fair shake".

They Understand This Very Well

What they understand is that the work horses have left the barn, too burdened by the loads on their back, the price they pay for hay and water, plus the fear everyday of losing their stalls. We all know the old saying about once the horse is out of the barn. Well now their "blinders" are off and the stampede is just beginning. The protests are happening all over the country from New York to Philadelphia, and San Francisco. By next week I predict they will hit other big cities as well. Even internationally protests are being held as bad economies and unemployment are affecting everyone. Here in Washington, the politicians are shaking in their four hundred dollar wingtips on which way to go since their big corporate "good old boys' are not about to part with their loads of huge stash.

Did They Really Say That?

According to Mr. Axelrod on "This Week," statements made by Mr. Romney and other GOP candidates were that "the first thing they would do is roll back Wall Street reforms and go back to where we were before the crisis and let Wall Street write it's own rules". That should really pump them up at the polls; you have got to be kidding me! Are these folks trying to fire up these protests or are they absolutely clueless? A reporter, Alan Bjerga wrote an article about a study done by a Nobel Prize winning economist, Joseph Sliglity. The study revealed the top one percent of Americans control 40 percent of the United States wealth, seems a little off balance to me. Now I am all for the "American Dream" and capitalism since I myself in midlife am trying out a career change, please visit my site "aprilslifepage", in the internet marketing field.

Interesting Election Year 2012

This will be an interesting election year 2012 coming up. Which GOP or Democratic candidate will be doing the "flip flop dance". These protests are just the beginning, trust me with the stress of the holidays coming up, the extra expense of keeping your home warm in the cold weather, people stressed out and getting more colds and flu, it's not going to be pretty. What is the answer? I don't really have them for you but these rich greedy CEO's and the failure of our government to stop kissing their feet has got to end before there is a revolution in this country. Let's not let violence be in our hearts and souls however it never solves the problem and we destory our own homes and businesses, people get hurt and getting arrested, well nothing good comes out of it.

Maybe These Solutions Can Help

Let's lower these loan sharking credit card interest rates so American's can pay off these debts. Twenty five to twenty nine percent even to people with good credit, come on that's crazy! Stop lying about these "mortgage stimulas packages" to help people lower their payments, they help a tiny percent of people and foreclosures are still at a all time high. Stop playing with these banks and force them to start loaning more money to small business owners with better payment options, what happenend to all the money they were given? What happened to the transparent government promises? I will leave you with this an interesting lady who may have some answers and a disconcerning but truthful article, if you have a chance read this month's Vanity Fairs piece on Elizabeth Warren "The Woman That Knew Too Much".


Street Talk

So, do you really think if government will lower loan sharking credit card interest rates, this will solve the problems?

Reply
  about 1 decade ago

Hello Aleksey, of course this will not solve all the problems. However many American are in debt and 25 to 29% interest on a credit card is very hard to pay off. People received these cards with an orginal 10 to 14%. When the banks started to go under they raised the rates even for customers who faithfully paid their bills. If people could paid off their debts they would have more to spend which would help the economy.

Reply
  about 1 decade ago

We are now expected to pay interest rates so high they used to be illegal. It's never been my idea of putting loan sharks out of business!

Reply
  about 1 decade ago

Hello Adrienne, first of all thank you for reading my article. It's time we did, they are getting away with and keeping us deeper and deeper in debt. Scary!

Reply
  about 1 decade ago
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