Massive Union just voted to join the Occupy Wall Street protests!

reply to post by macman


Those who control the money control the power. Banks Control the money. Look at how ineffectual our world leaders have been when it comes to dealing with the financial crisis. They are always playing catch up to markets and bankers decisions. In Global Capitalism national governments now play 2nd fiddle to international banks.

I mean we can pin all our hopes on Ron Paul becoming the next president, but how likely is that? Then if he were to make it as president, what is the likely hood he would be able to have a real effect on the global banking system?

Originally posted by macman


Please don't in turn post about how horrific parents are for taking their kids to tea party rallies then.

I won't, I actually encourage the kids to be there so they can see for their own eyes.

Originally posted by macman


I don't see these people yelling "Hurray" for the Tea Party.
These people are against the banks.
The Tea Party is against ever growing Govt.

These protesters are largely indifferent to the government. They are suffering from the same problems that the Tea Party face in the sense that people are labeling all of them as something that only a few are. Perhaps this will end up being a great counter-component to the Tea Party; one attacks corrupt government and the other attacks corrupt bankers. You never know.

Originally posted by macman
Kind of like the Bloods and Crips getting together. Ain't gonna happen.

They would in a zombie apocalypse and this is the economic equivalent that.

reply to post by Vitchilo


This display of "outrage" against Wall Street by the NY Transit Workers is an absolute joke. Here are a few facts about the NY Transit Worker's Union.

The union runs a portfolio of just over $40 billion dollars. The union is a major player in the institutional investing space, as are all large unions. On that asset base they generated just under $7bn in investment returns. Pretty nice return. You don't get a return that large in this market without investing on the edge of the risk profile.

To run that portfolio, they hire the very people they are protesting. The NY Transit Workers Union paid $178Million in fees in 2010 to investment managers to run this portfolio. A sampling of the folks the union paid to run their money:

Goldman Sachs
JP Morgan
Carlyle Group

just to name a few of the most offensive firms to the "hate the bankers" crowd. In the Private Equity markets, they hire 100 private equity investment managers - you know those guys, they are the ones who really make money and paid them annual fees of $58.7M in 2010.

Hundreds of other of Wall Steet's "criminals" are being paid by the union:

www.nycers.org...(S(cly43m5502gxkaaq2bz2bv45))/Pdf/cafr/2010/NYCERS_final.pdf


The evil, anti-labor corporations that exploit the working man? The union is heavily invested in them. A sample of the equities and corporate bond holdings held by the Transit Workers include:

- Exon Mobile (those despoilers of the environment)
- Boeing (those terrible folks trying to kill union jobs by moving to South Carolina)
- Walmart (those folks who keep people's hours under the minimum to qualify them for benefits)
- GE (those folks who pay no taxes on $billions of revenue and who are shipping thousands of jobs to China)
- Bank of America (those folks who screwed tens of thousands of folks out of their homes)
- JP Morgan (the biggest and badest financial services firm in the US and perhaps the world)
- Chevron (another environmental disaster)
- Goldman Sachs (no need for comment here)

If the company provides a reasonable return, the hell with their position on labor - the union invests with them.

What exactly are these folks protesting? They LOVE Wall Street. If they didn't, they would not be shelling out the money for them to invest their cash - they would be managing it themselves.

They hate Wall Street? They absolutely love Wall Street. When a sanitation worker, who has spent 25 years driving a truck and retires on a healthy pension to his condo in Florida, who does he have to thank? Wall Street. When a woman who's husband has been in the union dies and she collects the death benefits and is able to send her kids to college, who does she have to thank? Wall Street.

If the unions had an ounce of integrity, they would run their money themselves. If they had integrity they would invest in labor friendly companies - something that they could easily do by telling their investment managers to use screens on their portfolio. If they had any integrity they would admit that they not only need Wall Street, they want Wall Street.

This entire business of the union, this union or any other union railing against the "evil bankers" is an absolute farce.

If what the folks on Wall Street is criminal, as the protesters and leftists argue, then are'nt the folks in the union guilty of criminal conspiracy? If not, why not?

reply to post by dolphinfan


Put the differences aside, I too do not have any really nice things to say about unions either. But, those union members are also suffering just like everyone else. It is a sign of unity, whether we agree with each other or not. People are starting to wake up and form common interests, as this increases so does the support. I welcome anyone to protest, whether I agree with them or not, but at least there is one thing we are beginning to agree on, and that is a start.

Unions are made up of people like you and I.

Strangely as union power decreases the gap between rich and poor increases. The poor become poorer and the rich become much richer.

I have seen plenty of people with power taking what they want yet have never seen people with power giving it away to those that have none.

It is often said Labour unions are undemocratic yet I have a choice in what union I join and support and no choice of parties that are full of career politicians that are only identified by the colour of their ties, not what they stand for.

Unions promote fair play, fair pay and dignity for its members. Multinationals move their businesses to places where fair play, fair pay and dignity does not exist.

President Reagan made a speech saying where unions are outlawed and the rights of the working man are denied there is no freedom. The loss of freedom is always one generation away.

Originally posted by colin42
Unions are made up of people like you and I.

Strangely as union power decreases the gap between rich and poor increases. The poor become poorer and the rich become much richer.

I have seen plenty of people with power taking what they want yet have never seen people with power giving it away to those that have none.

It is often said Labour unions are undemocratic yet I have a choice in what union I join and support and no choice of parties that are full of career politicians that are only identified by the colour of their ties, not what they stand for.

Unions promote fair play, fair pay and dignity for its members. Multinationals move their businesses to places where fair play, fair pay and dignity does not exist.

President Reagan made a speech saying where unions are outlawed and the rights of the working man are denied there is no freedom. The loss of freedom is always one generation away.

Unions are people just like corporations lolol

reply to post by ThirdEyeofHorus


No, nothing like corporations and you can LOL all you want

I knew this would morph into a Wisconsin style hatefest on Capitalism . The Unions may have been holding back to see how things go. So who at the top is telling the Union people to get involved? I told you all that this had SEIU Union backing and Soros backing and no one believed me.
Richard Trumpka wants a world economic tax and I think I read in this groups official demands they want a 1 per cent tax, and I told you all that this whole thing smells of socialist activism.
It seems many among you are running headlong into it.

Originally posted by colin42
reply to post by ThirdEyeofHorus

 

No, nothing like corporations and you can LOL all you want

What? You think that there's no charter, no top down organization, no people at the top skimming off all the dues? No mission statements and rules? Who do you think you are kidding?

reply to post by dolphinfan


Wow, great expose!!! Star for you.

Originally posted by Cuervo
reply to post by Vitchilo

 

200,000 PEOPLE?! This is gonna be awesome to watch!

They will have to call in the Tea Party to clean up the mess like they did in Wisconsin....

I knew it was coming,I posted it here yestarday.Check out this thread if you want more detail into the Socialist Unions and what they are and whose apparently behind them.
Occupy Wallstreet,the Communist in sheeps clothing.

reply to post by Skewed


Good point

Originally posted by Cuervo
reply to post by Vitchilo

 

200,000 PEOPLE?! This is gonna be awesome to watch!

Wrong, it is just 114 local people who voted commie, it has nothing to do with 200,000 people.
People need to learn how to read.

That is an interesting point, that unions are 'just as' responsible for debasing our industrial viability as wall street.

As the son of a union schoolteacher, however, I had many many more opportunities from just that little extra amount of money. Public-sector unions may be even more disagreeable to some, but I can tell you that I would be of little use to humanity were I to have been stifled by poverty. Pro-union, and happy to hear they can still stick their foot up wall street's arse.

reply to post by Vitchilo


Another pretty impressive group also marched on Wall Street and lent support to OWS. They are airline pilots. Here's the video:
www.youtube.com...

It's not showing the video here on site. How do I do that? I'm a newbee ;-)


TpRGoBPwgJ8

As this protest grows so will the police brutality. Governments don't want to lose control including the U.S.. We watch the brutality in Iran and think that our government would never be so brutal. I predict and I hope I'm wrong, but I would expect the NYPD will come out in full riot gear if protests get to the point that it interferes with wall street traders.

The silence by members of congress, the president and the media is an indicator that those in control don't support the protest. Powers that be will push for a clamp down. They know the longer this protest goes on, more organizations will support them, more people will join in, and protests will spread to other financial outlets.

Maybe this is America finally waking up and taking back their country from our corrupt and corporate ran government.

Originally posted by andione1
reply to post by Vitchilo

 

SWEET! Great news! Maby ....just Maby we might get more MSM. or as i like to say "CIN" "Corpriate Industry News" may actually be forced to actual report on Real news...SOOOOOOOOOOOOOOOOOO tired of hearing about who got kicked off DWTS and snookie/jersy shore s#!t..( no caps on names as i have no respect for people of that mentality so i refuse to reconise them as actual people, mostly cuz they are so fake )

They are not fake they are just helplessly lost... we are supposed to try and help but it is so damn hard.

reply to post by WeRpeons


There are a couple of places you might consider having your vote count regarding this:

A petition filed with the White House and on their site is for Obama to recognize the men and women of occupywallstreet. wwws.whitehouse.gov...

Dylan Ratigan has a petition that actually proposes a Constitutional amendment to make illegal any contributions by big business lobbyists.... (draft amendment in on the site) . They needed 50k signers by midnight tonight and already have over 61k. www.getmoneyout.com...

Don't know if either will bring our police forces back into line here, but if we get the political/banking/corp corruption out of our way, it could go a long way in that direction.