Virginia Organizing Protests Big Banks, Payday Lending - NBC29 WVIR Charlottesville, VA News, Spo...

Dude wrote:

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I don't think most have a grasp on the flaws in supply side economics, especially when the economy's base (manufacturing) has by and large moved overseas. This is the number one reason I hate economic stimulus packages. They have short term effect and the bottom line is moved overseas.
Nothing drives me crazier when those that don't understand basic economics use the term class welfare. Henry Ford became one of the wealthiest men in the history of this planet and paid his employees unheard of wages... how is this so?

I Left Cville Socialism wrote:

You mean great effort by socialist union brownshirts.
One day they will come for you you know, Mr Brownshirt.

gah wrote:

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It is so for the reason in your previous paragraph, there was no realistic economic option to move manufacturing overseas to cheaper labor markets. It was more cost effective to fabricate the assembly line in the same country where the market to sell the cars was located. It really isn't comparable to today's economy which has an existing world-wide mechanized infrastructure of cargo ships.

hmna wrote:

I just want to know who is holding a gun to people's heads and forcing them to sign loan documents.

Dude wrote:

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Thank you Bill Clinton...
Free trade is not fair trade

Dude wrote:

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Usury laws ended in '87, so did the write off on interest.
I don't know what financing mining companies have to do with the topic.
Their option is to save.
Back when I was young if you had no credit you had a small limit and high interest. The credit companies and banks assumed the risk.
People willingly sign up for those loans, and banks willingly give them. Both are to blame. I think they should end write offs for banks that show losses on credit loans. Return risk to the creditors and banks, not the US taxpayer.
I don't think most have a grasp on the flaws in supply side economics, especially when the economy's base (manufacturing) has by and large moved overseas. This is the number one reason I hate economic stimulus packages. They have short term effect and the bottom line is moved overseas.
Nothing drives me crazier when those that don't understand basic economics use the term class welfare. Henry Ford became one of the wealthiest men in the history of this planet and paid his employees unheard of wages... how is this so?
As you can tell, the roots of this problem are spread far and wide, and should also include the topics of free trade, which is not fair trade.
I doubt these kids that are protesting grasp the preponderance of the problems that they're addressing. They're simply addressing a symptom of a larger problem.