Michael Bloomberg is trying to pull off a pretty neat trick. The billionaire mayor of New York City can blame his own police department for the growth of the Occupy Wall Street protests, which surged after incidents of police brutality and illegal arrests and will only continue to grow as his police continue to use nightsticks and pepper spray. But now, he’s claiming that the protests are costing municipal workers their jobs.
Mayor Bloomberg fired a warning shot Friday at the city unions who have backed the Occupied Wall Street protests, saying “we’re not going to have money to pay our municipal employees” if the financial sector takes a hit and New York’s tax take goes down with it.
“Everyone’s got a thing they want to protest, some of which is not realistic,” Bloomberg said. “And if you focus for example on driving the banks out of New York City, you know those are our jobs … You can’t have it both ways: If you want jobs you have to assist companies and give them confidence to go and hire people.”
“The protests that are trying to destroy the jobs of working people in this city aren’t productive,” Bloomberg said in his weekly radio appearance with John Gambling. Taking a swipe at “some of the labor unions participating,” Bloomberg added that “their salaries come from – are paid by – some of the people they’re trying to vilify.”
This is just the same trickle-down bullshit that we see from every patrician trying to save the financial sector, as if they don’t take away in human suffering the vast majority of benefits they claim to give to a municipality. I actually thought initially that Bloomberg was saying that the use of police resources to “handle” the protests was draining Wall Street. That is actually a century-old protest tactic invented by the Wobblies, at the risk of entering them into the discussion. Cities where the Wobblies would set up shop and make speeches would throw in jail anyone who made anarchist speeches in public without a permit. The Wobblies would use this to fill up city jails and strain the resources of the state. After a while, the municipality, desperate and running out of funds, would let everyone go and cede to the Wobblies’ labor demands.
You can see a version of this happening in New York City. As the protests impact the public sector (Bloomberg said they could also affect tourism, but only to the positive, as far as I can tell), the demands of the protesters become more salient, because it’s not just a voice of dissent but a financial drain. Making this more confounding for billionaire Bloomberg is that he doesn’t know the demands of the people in the street. There are constraints on his ability to hold out, just the same as he can put constraints on the protesters.
Bloomberg, in short, could take a cue from his fellow mayors across the country, who are handling this much better. Like Mike McGinn in Seattle:
We understand that Occupy Seattle wishes to have a sustained presence in Westlake Park for the purpose of expressing their views. From the outset we have been trying to work out a solution that meets the city’s needs and Occupy Seattle’s need to protest against wealth inequality in our country.
My staff has been reaching out to and communicating with members of Occupy Seattle. Here’s how we are proceeding:
We are providing a permit for protest activities at Westlake Park which will allow them to have an organizing tent that can remain overnight. As a condition of the permit, protestors will have to allow for cleaning of the park, protect park property, accommodate the other existing permitted events, and protect access to businesses.
We are making City Hall Plaza available for those that wish to stay overnight, with reasonable restrictions on the tents so as to allow free use of the plaza during the day. Unlike Westlake, City Hall also has restroom facilities available. Both the permit and the ability to set up tents at City Hall Plaza would last for two weeks, at which point we can assess whether the arrangement is meeting everyone’s needs and should be extended.
These are extraordinary times. We have seen the Occupy Wall Street movement take off in cities across the country, and there’s a reason for it. There is real anger about the unprecedented concentration of wealth and power in this country and the inequality it has produced. I share the values and the message of the Occupy Wall Street movement. We want to provide the opportunity for the people of Seattle to express their views. And we are.
That’s a damn better way to do it than just protecting oligarchs by holding up the jobs of sanitation workers and firefighters and transit workers as a kind of human sacrifice.




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Out of curiousity, where is it that he thinks Wall St. could relocate to that they wouldn’t find an OWS protest?
And isn’t he concerned about the loss of tax base from the already unemployed? I think I’d fix that before I started fixing forcasted unemployment.
Boxturtle (or is he worried about banksters clogging his jails?)
How would the OWS react if the owners of Zucotti Park were to uphold their own rights and ask that the occupiers leave?
Actually, Little Lord Fuckpants, er, excuse me, Mayor Mike Bloomberg is just saying what everyone but the rank-and-file liberals know.
The kind of monstrous welfare state that NYC is and liberalism/socialism always inevitably produces can only be financed by big money or collapse on itself.
Other than forcibly take more and more of the people’s money and freedoms (which is a temporarily solution with a bad endgame as the USSR suggests, not that the Little Lord himself didn’t try), the only other solution is “neoliberalism”. The same solution NYC reached long ago and Bill Clinton, Algore, and the DLC concluded for the entire Demorat Party: write the laws to suit and favor Big Business completely and then in return tax as much of what they make as possible to feed the socialist beast.
Wall Street is a monster that rules NYC within a clenched iron fist. This same monster almost singlehandedly powers NYC gigantic welfare state of handouts, big pensions, big government. Take away Wall Street, and say bye bye to one of the great nexuses of socialism. See the scam yet?
Yeah, Mike, the protesters are ‘trying to destroy jobs.’ Nice to see your true colors finally coming out. Oligarch who stole a third term.
The owners of Zuccotti do not have the right to ask anyone to leave. They exchanged that right for a bigger bldg they built nearby. Terms of the deal is that park must remain open to the public 24/7.
Hey, the IMF’s sending people out to say “Shove more money down the banksters’ gullets or everyone gets it”:
http://www.rawstory.com/rs/2011/10/07/imf-adviser-the-global-economy-could-collapse-in-two-to-three-weeks/
Of course, this could all be dealt with by the old traditional Biblical method of the Jubilee — aka total debt forgiveness. But then the loan sharks would howl.
Mayor McGinn is a class act! Let’s hope others throughout the country follow his example.
Mayor Mike never pauses to ask why he & his predecessors thought it was schmart to develop such a one-sided economy, instead of a more diverse one. Guess it seemed like a good idea at the time.
He paid out what, $200 million in his campaign? And still nearly lost to what I seem to remember was a rather weak Dem candidate?
They would point to the law, because per zoning ordinance it’s a privately owned public space. They may not win that fight, as it appears to be a bit of a legal gray area. But they would have a case.
http://www.theatlanticcities.com/politics/2011/09/site-wall-street-protest-public-private-conundrum/219/
Don’t remember the figure buy your characterization is close.
Not only that, he broke the law term-limiting the mayor.
See my 5.
LA’s Mayor Villaraigosa seems to get it, but Sacto’s mayor doesn’t.
Bloomie yet again proves that a lot of money does not make one smart!
Bloomie, ever heard of Camera Phones and Video Phones? ever heard of You Tube?
Bloomie NYPD white police officers are going to destroy the NYC tourist industry.
Bloomie you might have miss this, but Wall Street got 16 trillion from USA tax payers, and 99% of USA tax payers got 3 trillion plus in cuts.
Bloomie the followers of OWS have 16 trillion reasons to be mad at Wall Street
Bloomie here is a little history, late in 2007, Wall Street Failed, Collapse, Blew up, FUcked Up, etc. without the 99% of USA citizens giving AWESOME bailouts to Wall Street! Wall Street would have become a ghost town
Bloomie you should go to the Liberty Park and thank the people there for saving Wall Street MORON!
More on the legal issues from the NY Law Journal.
Maybe they need to move off shore to the Caribbean or something. Hey, wouldn’t that be a nice place to Occupy for the winter months.
This whole affair is really undermining his carefully cultivated Super Executive image, isn’t it?
Shit, I feel a bit of HST coming on:
Nice strawman, fucknose. I don’t know where the idea that OWS is trying to “drive the banks out of New York” came from but it sure is handy to say that’s the objective if you don’t have any actual, you know, facts.
Pretty disgusting excuse for a human.
Short guy, big ego. Bit of a stereotype.
If it wasn’t obvious before, this disgusting little man’s recent comments should make it obvious from whence the orders for police brutality originated. He’s terribly upset that the “rabble” are despoiling the Disneyfication of his private fiefdom. As the Red Queen was fond of saying: “Off with his head”.
Bloomberg as mayor of NYC and a moneyed friend of other gov officials is part of the root problem – government!
Government creates barriers, distorts the economy w/ subsidies & bubbles, enables banksters, inflates w/ Fed Reserve & compels taxpayers to bailout all of them via its enforcers which are therefore KEY to all that government actually does! http://selfsip.org/focus/protestsnotenough.html
Government creates or makes possible all current (and past) problems, domestic and foreign; “Wall Street Couldn’t Have Done It Alone”: http://www.thefreemanonline.org/anything-peaceful/wall-street-couldnt-have-done-it-alone/
Bloomberg may technically be an “independent”, and may be socially liberal on issues (like the environment and abortion), but at heart he is a hardcore, economic conservative who looks down upon everyone in this city who is not rich (or living in Manhattan, which is kind of the same thing). This isn’t much of a surprise.
He should have just taken the 2 terms and be done with it. His 3rd term is turning out to be nothing but headaches for him (the poor response to the snow storm, the Cathie Black fiasco, now this).
He did win re-election, but it was surprisingly close, so he’s not adored in NYC as much as he thinks he is.
Peter Principle comes to mind.
Speaking of protecting oligarchs…small segue to Herman Cain. Who saw nothing wrong with going along to get along. He’s apparently carried that philosophy forward and allied himself with the Brothers Koch. So, who will he be going along with if he’s in the Oval Office. Certainly not the OWS movement.
In 2008, the oligarch Republicans saw Hillary voters and found themselves Sarah Palin. For 2012 they see Obama voters and have found themselves Herman Cain.
And the grift plays on…. by the whole lot of them.
Every Wall Street job provides for 5 jobs within the Boroughs. Waiters, Cab drivers, dry cleaners, retail salespeople. In reality this camp out of agitators, heroin addicts, and white upper middle class I’m mad at my parents group won’t make a bit of difference anyway so its a mute point. Their time would be better spent actually looking for a job rather than demanding one.
Didn’t Bloomberg say just a few weeks ago, if the young people coming out of college don’t have decent jobs, that they would be in the streets protesting. Well pal, here they are!
Seems like Bloomberg is part of the $$$$$ problem.
You may or may not remember that I asked John Dean on a FDL book salon how he personally benefited from turning in Nixon. He actually bothered to address the Q, which he could easily have ignored, with all sorts of blather about doing his duty.
The real answer is that he’s the only one who came out smelling half-way decent. Not a bad exchange for a lawyer abandoning his client.
Hey, why you instead of HeadedWest. When ya gonna become MovinSouth or GoinNorth.
Backeast? give back the 16 trillion! and we will all leave
You do know! Wall Street failed in 2007, thus the need for tax payer bailouts
Don’t worry BackEast Capitalism is animal that kills it’s friends and enemies
Capitalism will die soon, because it is now killing the GOLDEN GOOSE that made it thrive, the wealthy USA worker, with a strong USA middle class, Capitalism dies
by the Way In other Worldly Good News I guess
“IMF adviser: The global economy could collapse ‘in two to three weeks’”
http://www.rawstory.com/rs/2011/10/07/imf-adviser-the-global-economy-could-collapse-in-two-to-three-weeks/
seems like the European Economy is heading to shit box rapidly also
Your time would be better spent on RedState or some other fascist venue. Your ignorance and/or bias is appalling.
It wasn’t Wall Street. It was the consumer who was not capable of living within their means and demanded more and more and regrettably got it. The banks fed into that. They were part of the problem but not the problem. You want someone to blame, look at your neighbors, your families. Not “Wall Street”
One thing I gotta say about the 1%ers, they sure get crappy trolls for their money.
Wait a minute. Haven’t the banks steadily been leaving New York since 2001? And even more so since the 2008 economic collapse they created? Hell most of them probably have most of their assets offshore?
Do they have loyalty to anything other than the almighty dollar? Do they give a flying fuck about our country?
Not sure how much truth there is to it, but I heard someone say that the demonstrations should probably be occurring in Connecticut to be at the actual center of things? That Wall Street is almost just a symbol now?
In any case, the argument/threat that jobs will be lost is flat out slimy. Bloomberg should be demanding accountability. Yes, even for banks.
I disagree with pretty much everything viciousmaniac has written on this site, but exposing me to the nickname “Little Lord Fuckpants” for Mr. Bloomberg makes up for a lot in my book. Just saying. :)
I haven’t heard that anyone wants to “drive the banks out of New York”, Little Lord Fuckpants. As far as I can tell, all of the proposed solutions will increase the financial picture of NYC, not harm it.
If student loans and other debt are forgiven, fewer people will fall into poverty, putting less strain on NYC’s financial resources, and enabling the city to hire more, not fewer, municipal workers.
If a Financial Transactions Tax is passed, then more revenue would be collected, allowing the city to pay for more workers. (Even if the Transactions Tax is entirely Federal, enhanced Federal revenues would allow for greater aid to the states and cities, so it would “trickle down” that way.)
If the “Too Big To Exist” banks are broken up, via a reborn Glass-Steagall Act or otherwise, the resulting smaller companies would hire more workers, increasing NYC’s tax base and allowing the city to pay for more workers. The whole point of consolidation is to increase profits by eliminating jobs that are duplicated when the firms combine; if you split up a large entity, then those “redundant” positions spring back into existence. How many more people work in telecommunications nowadays than under the old “Ma Bell” monopoly? Competition means jobs, which means more tax revenue, which means more municipal jobs.
And if the banksters are simply dragged from their offices, beaten in the streets, forced to compete in gladiatorial games and then fed to the lions, this would be televised, and the revenue from the telecast (whether by commercial sponsors or PPV) would be subject to city tax, also greatly aiding NYC’s coffers. So everybody’s a winner. Except, possibly, the lions. ;)
So it is hardly true that the “socialist beast” of a “welfare state” depends on taxing the oligarchs to survive. Capitalists maximize profits by starving society of revenue; any anti-capitalist reforms (be it debt forgiveness, stronger taxes, increasing competition or simply burning the parasites off of the economic body) will increase the flow of wealth to society as a whole. So Little Lord Fuckpants has it, as usual, entirely wrong.
And in other news, the sun rose in the East today.
Hey, bloomie, we did support the banks! what did it get us? where are the jobs???
ps: anyone else notice the irony in being interviewed by someone named Gambling?
All kinds of biz leave Manhattan all the time. In the 1970s it was mfg. Yeppers, mfg as late as the 1970s. Still in those fabulous lofts in SoHo. Lotsa whining, moaning, wringing of hands. What will evah replace it.
And then (drum roll) predictable NYC govt response: we gotta give all kinds of tax breaks & subsidies to the next biz to get them to come in or stay.
It’s part of teh way the NYC economy got so distorted, unreal, and unable to survive without constant govt welfare.
Laughing! nice try MORON
You do know, the current Wall Street is very ANTI USA!!!
Yes! the GE CEO, loves sending jobs to China, Catpillar loves sending jobs to China, killing the people who made them.
Bank of America, Citi Bank, JP Morgan Chase, Goldman Sachs, these Awesome companies, needed an extra 16 trillion from USA tax payers to help them live within their means
BackEast? you can’t deny the fact that Wall Street Fucked Up!!! for LOL
Look for a job? wow! Why didn’t I think of that!!!
thanks! problem solved.
Good catch.
Misguided one. Simple question. Where does Wall Street get it’s dollars from?
c’mon eCahn. you know how hurtful minimum wage is.
They get min wage? Thought 1%ers didn’t believe in that.
Whatever they get paid, it’s too much.
http://www.indeed.com
Thanks, just wondering really since I read an article about the owners having some concern about the use of the park.
Capitalism will always be the best system so long as it has Socialism to bail it out!
What’s the plan to replace it? What comes next?
Bush always hid behind ‘the troops.’ Bloomberg and other 1%ers hide behind ‘jobs.’ Not falling for that binding of the hands again.
heh. agree. I meant min wage is more than troll pay.
Oh, I misinterpreted your comment.
It’s a public venue.
Sheesh
Who sold AAA rated bonds to my pension fund? Was that the stupid homeowner or the brilliant Wall Street BS artists who never made a dime on their own effort.
LINK please.
They would have remained AAA rated had your deadbeat friends actually paid the mortgages.
As Mr. Dayen pointed out, there is a bit of a gray area about a privately-owned public space; Zucotti Park isn’t a true public space.
By the same logic the sharkfin entrepreneurs should have free rein. After all, they get rich and then, hey, they buy stuff! Win-win,( except for the sharks. Or the rhinos. Or the forests. Or…)
Rafe? probably a Hybrid system like China
There is ne denying the fact, the current Capialistic Economic system is killing all of it’s freinds and enemies.
With USA worker salaries falling like a rock, the fuel that Capitalism needs to fuctions is running out.
Without the USA middle class, the entire world can look forward to a lot of dark days!
Every Economist knows this, simple fact
Rafe all good things come to an end, nothing last forever
if there was ever any bloody doubt where this git’s true allegiance lies, just remember Reshma Saujani – a blithering idiot of a congressional candidate as proxied by Bloomberg’s SO Diana Taylor – her only real qualification was her support for all things Wall Street
Bush tax cuts gave us much higher unemployment. They’ve been in effect for ten years, they are still in effect and unemployment is around 9+% to 16%–depends which books one uses.
do your homework. Banks like to sell debt. they created the scheme to manufacture and sell more debt. They voluntarily sought out the people who couldn’t possibly pay back the debt because they knew they didn’t have to collect on the debt, just sell it. They conned people.
One evening, just for fun, I took on the edumacation of a troll. Don’t know gender but will use “he” for convenience in telling the story.
Mentioned that I had worked on Wall St for 30 years and I was anything but impressed with execs. Troll was as insulting as he could possibly be; asked if my Wall St. job was shining shoes, for example.
After several such insulting exchanges, I calmly pointed out that I had responded to each of his comments politely but he had taken every opportunity to belittle me in exchange.
He actually apologized, didn’t comment much after I related why I thought Wall St. execs were so bad (short-version: leverage & fact that markets go up for longer periods than they go down, then moral hazard of always getting bailed out when markets crash), and didn’t come back again, as near as I can tell.
China’s hybrid system includes gulags and the arbitrary ability to sever the public from information/news or the right to free speech and assembly, the OWS would be getting serious heat right now were it occurring in Beijing.
I’m not so sure I like the idea of emulating China.
yeah. well you do rock pretty hard in that way.
btw, I found this cool video for people who might need it to understand how the hell we got in this mess. I post it here for everyone.
http://www.youtube.com/watch?v=oosq3TPgHH0
if you know of a better, simple explanation for non-finance people, please let me know!
Got snooze for ya.
U.S. already has that. Workin’ hard on eliminating speech, well eliminating it for everyone except corp persons.
public speech is anti-freedom! /s
shorter bloomberg: hey slaves! be nice to your owners!
sure, that is why the Wall Street banks are paying multibillion settlements.
And are trying to get indemnified for their crimes in the proposed 50 state mortgage fraud settlement.
I’d add that the financial transaction tax would actually benefit Wall Street by making High Frequency Trading unprofitable. HFT is mainly used by some specialized hedge funds. Most of the large investment banks have never made very much money in their HFT operations (though they don’t discuss it publicly) and a lot of their own traders see the volatility and fake pricing from HFT as a major problem for the markets. Additionally, many outside observers suspect that HFT is responsible for the flash crash and other “broken” market behavior that hurts investors both small and large.
They never were worthy of AAA. You don’t seem to know any actual facts and I have concluded you have nothing that would add to our fund of knowledge.
This is a “real life” example of the fable “The Scorpion and the Frog.” The quicker the PTB understnad that the quicker things can be fixed. But, I’m not holding my breath.
Oh dear. I gather you’ve been there, to Mute Point? Up in Jumbo’s Cavern?
(I ♥ Apostrophe’s)
I never knew about the Wobblies. What a brilliant tactic!
I call it “firing your customers.”
Represent!
http://www.humanevents.com/article.php?id=46683and
My my the Wall Street trolls are out today. Firepups must have touched a nerve.
Yes. He won by firing several board members who opposed him and blackmailing Christine Quinn over her potential slush fund scandal.
As a Seattleite, I have to say something that I’m not used to being able to say; I’m proud of my mayor!
trickle down bullshit is EXACTLY CORRECT
the commons paychecks come from local regressive taxes that LABOR pays and NOT the investment class who pay FRACTIONS of what the labor class pays in total tax percentages
walls street maggots get their investment funds from LABOR, NOT the other way around
if those maggots weren’t inventing rediculous instruments that destroy this economy their would be FAR more jobs
bloomberg was giving his marching orders and there he is marching
that’s a great post, not only did they seek out borrowers they knew could not pay, they instructed their lenders to manufacture the neccesary information it might take to get the loan approved
as you say, all they wanted to do was have an instrument to sell and walk away
actually, those are the obama tax cuts, bush was smart enough to put a sunset in there, obama was moronic enough to ignore that sunset
That would be funnier n hell except for the fact that the Wall St. corps don’t pay their share of taxes by any means thanks to banking/finance de reg (Glass/Steagall).
And Dodd/Frank is a joke of regulation, it’s worthless in terms of regulating.
Yer funny, but yer spin is older n PNAC.
it’s really not capitalism killing the host, capitalism is getting a bad rap
it’s corporatism killing the host, if there were no capitalism, say there was communism, well then corporatists would do the same thing, eat the host…we called it fascism back then
it’s the same thing at play now, making capitalism take the hit for the problems of corporatism
funny you would say that, it seems the liberal states are donor states, getting back from the fed less then they contribute, the cocervative states are the welfare states, getting back more then they contribute
now read larue above and you’ll see, you are what we call in bazarro land, everything you claim is the polar opposite
PLEASE DON’T FEED THE TROLLS!!
Wasn’t the mayor, Kevin Johnson.
It was the City Manager who decreed the cops should clear them out.
Now, I don’t know anything nor have heard anything about Mayor Johnson in regards to Occupy, but he’s fully business backed and invested so it’s not likely to be a friendly position he takes. So far, he’s said nothing I’ve read anywhere about Occupy.
I guess, that alone puts him on the opposite side of doing good, cuz inaction is as bad as bad action in these regards . . . ;-)
Seattle n Portland are quite lucky they are . . . this burg remains quite reddish, sadly.
perris, thanks. Obama did extend the Bush cuts.
Hey Rube!
*G*
Sorry, will never happen again.
I believe you mean “moot” rather than “mute”.
Legislating should be like the original medicine–first do no harm.
actually, you have it backwards, it takes 5 jobs to create one wall street job, labor creates wealth, wealth does not create labor, and that one wall streat job would be more productive if were doing something else
so there we have it, the same statistic, you reading it backward
LMBO!
Just use this.
[run]
{trollscroll2.1}
[continue]
It’s OK. I know the temptation can be overwhelming. Just remember they can’t help themselves.
Mama always taught me to pity the fool.
I will say this.
You chose a very appropriate screen name.
At least you live up to your name. I can already see there is no point in arguing with you, for you clearly worship capitalism. I’ll make a friendly suggestion, however; you would be better received at Conservative Cave. They’re actually a more tolerant bunch than many here might suspect, for they tolerate ME, from time to time, and I’m an out and out socialist.
And have a nice day.
Some major display of teh stoopid on display here.
I see one of those doing the displaying has apparently finished spreading the bullshit west and is now back east. Wonderful. As if we don’t already have enough bullshit here.
Oh well, in a country of 300 million, there’s bound to be a few morans in the bunch. Too bad they have to be major league assholes on top of it.
Better man than me OG.
I didn’t put that at the end of my post.
For the record, though, I did refrain from closing with “Go fuck yourself asshole.” So that’s something.
I agree
Corporations have one mission? make money at all cost
Earth Be Dam!
Human Kind be Dam!
the pursuit of profits is all that matters with Corporations
I agree. Some people “expect” corporations to have a conscience. That’s setting the bar pretty high. What we have to do is institute rules and regulations without “strangling” corporations to make sure they, like all the rest of the “people”, behave properly. And when they don’t, penalize them accordingly.
This ain’t rocket science, unless you’re talking about Martin-Marietta. In which case, it would be.
Democrats are not going to do anything about this, but wait for protesters to tire themselves out. They’ve been in bed with the banks since Jimmy Carter. If they go after them, the money train stops running to the DNC and they lose elections.
per empty wheel, the doj is involved in much sweeping crimes under the rug.
Mary brings up this fact:
Someone here left a link to a diary on dailykos yesterday about Obamas jobs bill, which is in reality a Third Way idea for an “infrastructure bank,” which will rebuild our infrastructure alright, after they privatize it.
Harry Reid probably can’t pass the “Jobs” bill past his own senators, but now that I know what it’s about, I don’t really care.
He ended up using the nuclear option yesterday against Mitch Mcconnell, totally blowing his whole 60 vote big lie out of the water, but the geniuses at TPM are too ideologically partisan to understand the real meaning.
There are some interesting comments here and these people are not progressives, but it looks like they are ending up on near the same page philosophically via a different route..
Who knows where the tax breaks for Jeffery Emmelt are going, probably China, and instead of producing out own windmills with the stimulus money they bought them from china.
Any kind of spending on industry that is also protectionist, to build up our manufacturing base is viewed as sin with the globalists.
And this quote by cory gets right down to the fundamentals beyond the basic honesty and Justice that is missing.
I don’t see how we can get anywhere with democrats. They’re stuck on the tits of the banks, and Fed should be federalized.
Yup, same old song and dance. Corporations and the wicked webs they weave in the lust for endless profit?
Here is a sobering quote by Abe Lincoln:
“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.”
– U.S. President Abraham Lincoln, Nov. 21, 1864
(letter to Col. William F. Elkins)
Never mind Jefferson and Madison, their fears and attempts to restrict corporate behavior? Hey Mayor Bloomberg? Do YOU GET IT? If not, get the out of the way, obstructionist!
Wow!!!!!!!! I had not seen nor heard that quote before. Thanks. THAT certainly is turning out to be prophetic. Depressing. But prophetic.
Would that be the same prez Lincoln who took troops off of Gettysburg battle field to break a strike? The same one who gave land to RR monopolies, who structured Homesteading so only speculators could make money on it, who instated protection tariffs that helped corps but hurt consumers?
That Lincoln?
Sounds kinda like general/prez Ike who warned against the MIC.
Yeah, and wall street is not necessary. it creates bubbles and produces nothing.
Beg to differ. Produces lots of “research” reports and offering prospectuses.
You should have included this part:
:P you got me.
Probably keeps some coke dealers in business on the down side, so that makes 6 for paris’ total.
Bloomberg should probably be nice to those sanitation workers of his. How many people would be willing to take those jobs in NYC?
I worked there for 30 years, so I prolly have the insider’s drop on you.
When I went to work at GS in the 1970s, they hired hoards of newly minted Harvard MBAs at comp packages that would amount to well north of $100,000 today, I’d imagine. All they did all day was copy paper & put in those binders with the umpteen rings.
I’m sure they still do the same thing in PP today.
I used to shake my head in disbelief.
My job, RA in economic research, was always more interesting.
Oh, do I have a GREAT garbage man story to tell.
I was walking my son to kindergarten one morning, all decked out in my pin-striped skirt suit with a silk blouse. Huge pile of garbage next door & we had to stop & watch every bag thrown into the maws of the truck. After about 5 minutes, I felt the need to explain, so I pointed at my son and said that he was fascinated by the big noisy trucks. Without batting an eye, the sanitation worker said: Yes, so was I, but I never outgrew it.
“trying to drive the banks out of New York” is a statement so full of straw it should be considered a fire hazard. No one is telling your precious banks to leave NYC, Bloomie. We want them to clean up their act and for politicians to be accountable to everyone, not just the top 1%. What part of that is so hard to understand?
I worked at little investment advisor shop as their network admin, and when they did quarterly earnings they did the same thing. piles and plies of glossy prints, nothing like where you were at though.
It’s a terrible thing to hope for but I think that our best chance of removing the parasites from our jugular is if the contagion from europe spreads here and these banks need bailouts again. That is not going to go over well but these prostests are timed just right. Do you think that could happen?
If you want to see what BackEast or viciousmaniac are up to, just hit their names in the header of each post.
The former kinda turned my stomach to the point I’m not even going to hit the latter.
Keep talking Bloomberg !!! Every time you open your mouth, you piss off a lot of people and they head to OWS. Keep talking, dude.
Other mayors are handling the protests better because they are likely not quite as much from the Patrician Aristocracy that Bloomberg is. His whole attitude is the entitlement of himself and the MOTU from Wall St. because he believes the lies they tell themselves and each other about how much more worthy they are than the “riff raff” that they see when they look at the protesters. He probably doesn’t understand the whole concept of one man, one vote.
“Zucotti Park isn’t a true public space.”
False. You’ve inverted the situation: It is no longer a private space because Brookfield Properties, of their own volition, exchanged the use of the land by the public for the right to build at higher-than-legally-allowable densities or heights on an adjacent or nearby parcel. In short, the developers sought density bonuses, and the price of exceeding the zoning limit was public access to and use of the land that became Zucotti Park.
In fact, what Brookfield Properties (or their predecessor) gave up was the right to determine who could use the land and for what purpose. Once the owner has voluntarily given up the right to dictate who can be excluded from the land or who is granted entry — in practice, no one may be excluded and everyone must be included where the general public has access and the right to use it for public purposes.
Density bonuses were granted for numerous developers for decades, but not collated or tracked by the City. Until Jerold Kayden started doing site visits, and discovered that most property owners had welched on the deal: in almost every case he found there was no public usage possible or there was no public space provided at all, contrary to the contractual agreement to exceed the zoning ordinances. Instead, most of these public spaces were locked behind iron gates so the public had no access at all; or where public areas were accessible, any and all seating areas were covered with spikes to deter use; in some cases the public space was unsigned, or illegally appropriated and even signed as private space; in several cases there was no public space at all, only a loading dock or a wide spot in the pavement.
Practically to a man, the developers had made a deal for the density bonuses, built higher and denser than zoning allowed, and then turned around and took back the public usage they’d signed over to the City. The only reason the sacred contract was fulfilled by the private sector — the only reason we currently have public access to our publicly-owned right to use those spaces — is because Jerold Kayden’s research proved the property owners welched on the deal.
Contrary to Rafe’s story, legally “[t]he accent in privately-owned public space, for purposes of the public, is on public,” sez Kayden. If you’re gonna fork over public use of your private property, then guess what, the public gets to use that space. The only reason there is a “gray area” is that courts have not weighed in to further define what kinds of public usage are ‘reasonable’ (i.e., or whether public use reasonably includes the exercise of First Amendment rights: though Kayden uses that term and there’s likely statutory language written into the density bonus ordinances, no one can really argue with or deny the basic contractual terms of exchange. Brookfield Properties gave up any right to dictate who can use Zuccotti Park or what constitutes public use or reasonable use of the public space, in exchange for additional stories on nearby buildings. Funny, you don’t see Brookfield asking you and me and Bloomberg how much rent to charge on those extra stories or who gets to sign a lease. This is where Kayden pulls his punches, pretending the swap only amounts to an ‘accent’ on public use and only commenting on one side of the equation. Clearly Brookfield Properties would never go along with that definition. No private property owner would ever settle for ‘an accent’ on rental income when what they want is the very concrete revenues flowing from the extra stories delivered by the density bonuses. In equal measure, the public cannot reasonably construe ‘public access’ as being limited or regulated a) by the entity that gave up the right to determine who goes in and out or for what purpose; nor can b) public use be reasonably construed as less than the highest and best public use that stands as the core of American liberty and keeps the country vital and regular: the full exercise of those rights enumerated in the First Amendment.
Brookfield Properties, like many private sector actors, wants it both ways. They want to profit over and above existing law — and they want to determine dictate what American citizens can and cannot say in public. No rules to constrain them; no rules to keep you free. Note that the zoning secures a free and fair market for all players.
Bottom line: ownership of land entitles the owner to certain property rights, which consist of a bundle of rights. Brookfield traded away the right to exclude the public (‘public access’)and the right to regulate use. Now they want it back. If they are truly unhappy with their contract, we can unilaterally take control of the rental payments on all those extra stories they built and channel it all to more efficient public sector purposes. No?
http://online.wsj.com/article/SB10001424052970204831304576593371443552888.html
This Wall Street Journal article appeared Sept 26th and got it right the earliest AFAIK. The status of Zuccotti Park matters because of the distinction between owning land and owning specific rights in relation to the property. It matters b/c Brookfield in this case, and other actors generally, want to have it both ways: heads they win; tails we lose.