Unions, students join Wall Street pro...

Unions, students join Wall Street protesters

There are 32 comments on the MLive.com story from Oct 5, 2011, titled Unions, students join Wall Street protesters. In it, MLive.com reports that:

Unions lent their muscle to the long-running protest against Wall Street and economic inequality Wednesday, with their members joining thousands of protesters in a lower Manhattan march as smaller demonstrations flourished across the country.

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Otis B Driftwood

Edison, NJ

#21 Oct 7, 2011
Where's the city health department during all this? NYC has a bed-bug problem which these filthy hippie protestors are helping to spread. Fumagate them with DDT, DEET, or hot steam from a water canon already.
Jane Says

Jamaica, NY

#22 Oct 7, 2011
So unions hate Wall Street even though Wall Street and the greedy rich even though both fund the services in NYC and their jobs and pensions. Bloomberg once noted how out of millions of citizens in NYC, 144,000 households pay most of the taxes--which supports city services and entitlements.

Now, this from Cuomo about the NY state budget and Wall street:

'Gov fears Wall $trait
By ERIK KRISS

October 7, 2011

ALBANY -- Wall Street’s woes could turn into state government’s problem next year, Gov. Cuomo warned yesterday.

With taxes from Wall Street supplying 20 percent of the money to run state government, a potential dive in Wall Street bonuses could increase New York’s projected $2.4 billion deficit for the fiscal year that begins April 1, Cuomo said.

“It would be a problem for the state,” he told reporters at the Capitol.

“The economy is slowing and people are now suggesting it may be especially slow on Wall Street, which we are heavily reliant on. We already see the collections slowing, so yes, we are worried” that the deficit could grow.

Compensation levels for bankers and traders could fall at least 20 percent from last year, according to recent reports.

A combination of low trading volumes, fewer high-profit banking deals and increased regulatory costs is starting to squeeze profits at big banks such as Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and JPMorgan with no end in sight.'

http://www.nypost.com/p/news/local/gov_fears_...

when there are shortfalls because of decreased taxes paid, taxpayers get to make up the difference in cost of services and goverment pensions that are guaranteed. and, for every taxpayer who leaves NY, two entitlement sponges relocate here.
Jane Says

Jamaica, NY

#23 Oct 7, 2011
Obama hates Wall Street too and is siding with the protestors (except when tieing up traffic all over NYC with his frequent taxpayer funded Air Force 1 carbon heavy jaunts here for $36K per plate campaign fundraisers to ask THE GREEDY WALL STREETERS for money):

Malcontent-in-chief
By GEOFF EARLE Bureau Chief

Last Updated: 7:07 AM, October 7, 2011

Posted: 2:56 AM, October 7, 2011

WASHINGTON -- President Obama jumped into the tent with Wall Street protesters yesterday, sharing their “frustration” with a financial system he slammed for its “immoral” and “reckless” practices that brought on the economic crisis.

“I think it expresses the frustrations that the American people feel,” Obama said at a fiery White House press conference yesterday, when asked about the Occupy Wall Street protests that started in lower Manhattan a few weeks ago and spread to other cities.

“We had the biggest financial crisis since the Great Depression ... and yet you’re still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into this problem in the first place,” he continued.

Obama spoke as NYPD Commissioner Ray Kelly revealed the protests have cost the city about $2 million in police overtime.

A large police presence is standard at the hundreds of demonstrations held in lower Manhat- tan every year, Kelly said, adding,“I think the vast majority of people protesting are peaceful ... But there’s clearly a core group of self-styled anarchists who want to have a confrontation’’

The president’s attack on Wall Street -- and support for some of the protesters’ demands -- came as he tries to reignite his political base and as his union allies have joined the protest movement.

“The American people understand that not everybody’s been following the rules, that Wall Street is an example of that,” Obama said, adding, protesters “are giving voice to a more broad-based frustration about how our financial system works.”

Obama then trained his fire on the Republicans who are competing for their party’s presidential nomination.

“You’ve got Republican presidential candidates whose main economic-policy proposal is we’ll get rid of the financial reforms that are designed to prevent the abuses that got us into this mess in the first place. That does not make sense to the American people,” he said.

Obama touted the new financial-reform law and ripped banks for using “hidden fees, deceptive practices or derivative cocktails that nobody understands.”

But he threw a bone to Wall Street after jetting to New York last month to raise campaign cash, saying,“We have to have a strong, effective financial sector in order for us to grow.”

As the president spoke, a few thousand protesters gathered in Washington’s Freedom Plaza and marched in front of the Chamber of Commerce, just across from the White House.'

http://www.nypost.com/p/news/national/malcont...

the only thing I found surprising was that Obama was actually IN the White House and wasn't playing golf our out jetting to appear on The View or another fundraiser.
Kat

Coffeyville, KS

#24 Oct 7, 2011
This is pretty much all leading right to Obama. He started this and he wants it. From day one he has preached nothing but how everyone should be taken care of and how evil the rich and capitalism is, and he wants class warfare and race issues to escalate. This one president has caused more damage, debt, and hate in this country than anyone before him.
Supercalafradgel istic

Valley, AL

#26 Oct 9, 2011
CONSERVATIVE wrote:
<quoted text>
Funny how the breaking the law and thuggery of these OWS clowns seems to get more respect from The White Housw and media, than the law abiding and civil Tea Party, why do you think that is?
I guess it depends on the agenda.

“Welcome to Cyberland!!”

Since: Sep 10

Newark, NJ

#27 Oct 12, 2011
Paul Revere wrote:
I was lmao at some idiot girl who complained about her $118,000 in student loans for college. The only one she has to blame is herself. No none made her go to college nor sign the loan papers. Perhaps if she took less time complaining and protesting she could get a damn part time job to help pay for her college while attending it. LOL
Show me a part time job, though, where someone can earn enough to pay off $118,000 and I'll quit my FULL time job and take it!!
Paul Revere

United States

#28 Oct 12, 2011
Vincent Ward wrote:
<quoted text>Show me a part time job, though, where someone can earn enough to pay off $118,000 and I'll quit my FULL time job and take it!!
She can earn money while attending school like many others to decrease what it will cost her down the road with interest. Geesh you people are lazy.
rider

Prairie Du Sac, WI

#30 Oct 12, 2011
Mysterious Deaths of 9/11 Witnesses (MUST SEE) http://www.youtube.com/watch ...
rider
Marquette, MI
1 min ago http://www.youtube.com/watch ...
Say the Truth

Lansdale, PA

#31 Oct 12, 2011
rider wrote:
Mysterious Deaths of 9/11 Witnesses (MUST SEE) http://www.youtube.com/watch ...
rider
Marquette, MI
1 min ago http://www.youtube.com/watch ...
STILL the wrong forum, knucklehead!
El Rushbo

Queens Village, NY

#32 Oct 13, 2011
Stop counting other people's money. Jealousy is an ugly thing.
You want more? Go work for it. Nobody on Wall Street is going to write you a check. There will never be a salary cap written into the Constitution.
shameless-li

United States

#33 Oct 13, 2011
El Rushbo wrote:
Stop counting other people's money. Jealousy is an ugly thing.
You want more? Go work for it. Nobody on Wall Street is going to write you a check. There will never be a salary cap written into the Constitution.
if i were rich and lived on the UES, i would have loved to have them march past my penthouse.
i would have been up on the roof throwing pennies to the crowd.
they want money, money i'll give them...would have hit them like a ton of bricks.
Supercalafradgel istic

Valley, AL

#34 Oct 13, 2011
Kat wrote:
This is pretty much all leading right to Obama. He started this and he wants it. From day one he has preached nothing but how everyone should be taken care of and how evil the rich and capitalism is, and he wants class warfare and race issues to escalate. This one president has caused more damage, debt, and hate in this country than anyone before him.
It does lead to Obama but it also leads to George Soros.

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