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alstry (34.92)

Why Are The Protesters Really Upset?



October 18, 2011 – Comments (2)

In 2008, due to excessive, fraudulent, and predatory lending, the global financial system essentially collapsed. 
As a result, the government bailed out banks and financial assets to keep the economy functioning. 
According to the Barofsky Report, the taxpayer bailout, funded by WE THE PEOPLE, could exceed $23 TRILLION dollars.  
The top few percent of the population own the vast majority of the financial assets...Most of the population owns little or none.  
Warren Buffett admitted in a N.Y Times Op Ed that if the bailout didn't occur, Berkshire Hathaway would have gone bankrupt. 
In essence the top few percent got the BIGGEST handout/entitlement payment in human history....while the vast majority of taxpayers got relatively little.
If you do the math, it works out to over $2 million dollars for every man women and child in the top few percent of the American population.
This money was simply handed to them by the taxpayers, some like Warren Buffett benefitted a lot more, others less. 
Unfortunately, most of of taxpayers got little or nothing.  
Many lost their jobs, evaporated their savings, and saw their homes get foreclosed...simply because they were NOT bailed out.
Since only financial assets were bailed out, and not the underlying stream of cash flow they represent, the REAL economy continues to collapse. 
Consequently, millions of citizens are suffering, while those that were bailed out by government (WE THE PEOPLE) are enjoying unprecedented prosperity. 

In an Industrial Economic System where you need financial assets to survive (to obtain food, water, fuel, and shelter) , and so few got so much from the taxpayers, WE THE PEOPLE, while so many got little or nothing.....don't you think the protesters have something to be upset about?

It is rapidly becoming a

2 Comments – Post Your Own

#1) On October 18, 2011 at 12:58 PM, PeteysTired (< 20) wrote:

Do you think Warren is now claiming he needs to pay more taxes, because he knows that the OWS and Tea Party crowd would have come after him?

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#2) On October 18, 2011 at 1:20 PM, alstry (34.92) wrote:

Warren gets it very does his son.

Buffett's Son Defends Occupy Wall Street Protests - Bloomberg

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