Stocks soar 85% in Obama's first term

[jtuck004]

29. >don't wish for the market to do poorly. If it does even the little guy suffers.< B.S.

only worthy of a Leona Helmsley statement.

The market represents money stolen from the labor of the people who really earned it. From child labor and slaves as well as people who work at Walmart or the ones who are burned to death making their clothes, the 10.3 million families considered working poor, and others. It's considered surplus, much like the people who earned it, though more highly valued. "Surplus" is taken from them by a more powerful business and the best government it can afford. The profits go to people like Mi$4 RobMe who declared $240,000 a week from this kind of taking, having never earned a single dollar. Unless one considers the activities of Al Capone or Adolph Hitler or Jamie Dimon or Bernard Madoff working, or earning. Not nearly on the same scale, but a few million people dip their toes into this fetid pool to try and get a better return from than the bank will give them. But even those few drops smell as bad as the whole garbage-filled river.

Surely one here can't think that is free. We lost just over 5 million jobs in the past 4 years, and only gained back slightly more to net a few hundred thousand, and instead supported theft and fraud on a scale never before seen, insured record profits for banks at the expense of hungry children, parents and others without medical care. 50,000 families are being yanked out of their homes every stinking month while another 1,000,000 foreclosures are being filed. We were told that we would do badly if they failed, yet today they are making record profits while millions more families are unable to have food every day in this country than was the case 4 years ago.

I am not beating up on your 9% or 16% returns, because if one has the money one should do something with it. (Could start a community business, for example). But the people getting those returns are very likely profiting from the dismantling of the lives of people around them and us, our neighbors, and the lives of those overseas in almost any "financed" option. To not just ignore it but to suggest that the market going down has anywhere near the effect on a hungry child, one of the :"little people" as it does on someone with mere money invested is offensive, and reminiscent of the mindset of a recent buffoon who told us that 47% of people only do what they do because of gifts. (Because it's a gift to be in or near poverty?).

If they didn't take so much perhaps we wouldn't have the record 47 million people on food stamps. But we gotta pay for the whole layer of people who get paid to get some one decent returns on their takings. I wonder how many factory jobs those returns on the 401K costs, people who are now on unemployment, or nothing, who have no opportunity that they don't have to crawl over the back of 20 million other people to get.

In past years John D. Rockefeller, another person who clawed after profits, encouraged a "good-roads convention, wherein slaves, and prisoners (such as working men who were jailed because they had no job) were put to work doing jobs that replaced higher-paid union labor, when so many people were out of work. Someone working against that injustice wrote:

"This is the first step to serfdom. Shall we stand this or shall we resist it? I realize that every I.W.W. man and woman will answer in chorus that we will resist it, <b>and simultaneously with that breath will come the general philosophical "war dance" form those who are still "not quite down and out" as to "what not to do"</b>.

From Shall We Die Starving, or Shall We Die Fighting", J.H. Walsh, 1908:

What not to do...

I read once that history is not dead, that it's not even past. I keep being reminded of the wisdom of that lesson.

I never wish for the market to do poorly. I do wish that the people who profit from others labor felt a little more like the people from whom the profits were taken, not just for them.