Anonymous wrote:
Jeff, I thought you were above cherry-picking quotes. Apparently not. You cut off my quote before this part "Movements like this - regardless of cause - will attract "undesirable" people that commit crimes. And unfortunately, they give the movement a bad name even though they have little to do with the movement."
Nice diversion on your part, too bad you were caught.
To me (and most), a thug is someone committing crimes. Rape is a crime. Lewdness is a crime. There have been thefts and vandalism as well, google it. So yes, crimes are being committed, by thugs or whatever you want to call them. And yes, any movement will get this, LIKE I WROTE. And it detracts from the message.
There are very few foreclosures where people should not have been foreclosed on. People incurred a debt, and failed to pay it over a course of many months, if not years. Foreclosure is the appropriate action.
Okay, so according to you, there should never be any type of movement because all movements will attract thugs that will discredit them. I guess that all college sports have been discredited as well. The Catholic church has been discredited. The US House of Representatives has been discredited. In fact, virtually all of American society has been discredited because of unrelated crimes committed by people on the margins.
You are correct that people incurred debt. But, much like the tango, a mortgage requires two parties. One party should not seek a mortgage that is beyond its means. Similarly the other party should not offer a mortgage that is not soundly secured. What we have seen is that while both parties to these mortgages erred, only one party has had to suffer. That is an injustice that is worth protesting.
As for crimes, consider the fraud committed by the finance industry that contributed to our current economic problems. From mortgages that were made on optimistically-appraised homes, transferred under dubious circumstances so that frequently the actual owner cannot be determined, wrongly bundled and sold, misleadingly rated, and so on. There was fraud at every step of the process. Doesn't that discredit the finance industry? Doesn't it discredit capitalism entirely? I doubt that you think so. Yet, you so easily condemn people who put themselves at risk.
Today, President Obama said this:
"Look at the statistics. In the last few decades, the average income of the top one percent has gone up by more than 250%, to $1.2 million per year. For the top one hundredth of one percent, the average income is now $27 million per year. The typical CEO who used to earn about 30 times more than his or her workers now earns 110 times more. And yet, over the last decade, the incomes of most Americans have actually fallen by about six percent."
Do you think those words would be coming out of his mouth if there were not occupy movements in cities all over the United States?
Not bad for a bunch of thugs.