think big thoughts

The Remarkable Political Stupidity of the Street

From Robert Reich:

“…when it comes to the regulation of Wall Street, one overriding cost doesn’t make it into any individual weighing: The public’s mounting distrust of the entire economic system, generated by the Street’s repeated abuse of the public’s trust.”

How Wall Street occupied the Fed

From Salon:

The outrage, they all agree, is that the same determination and all-in blitzkrieg wasn’t aimed at unemployment and the foreclosure mess and the myriad woes affecting the rest of America. The 1 percent got a gift-wrapped bonanza, while the 99 percent got the shaft. As soon as the financial panic subsided and stock prices started to rise, policymakers started worrying far more about inflation and deficits than actual human suffering. And that’s unacceptable.

Occupy Wall St: It is All About Fairness, and that is the Strength of It

“The information that is coming out from the OWS movement and its repetition has made it clear that there is a major lack of fairness in economic terms. It is hard to know if we would have addressed this if it had not become so stark, and there were not so many people out of work or underemployed. However now that we are talking about it, the time has come to stand up for fairness.”

“If we take this essential meme and really push it, focus on the fact that most of us, Republican and Democrat, Liberal and Conservative, Hippy and Square alike are mostly being treated unfair, then there is a chance to actually move the nation in the direction we need to go.”