Archive for the ‘Capitalism’ Category
Mitt has the Skill, not the Will
“U.S. files for Chapter 11!”
That should be the headline the day after the new president takes over next January. Chapter 11 is not bankruptcy, per se, it is a chance to reorganize.
When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection while this reorganization takes place. During this process, all existing contracts may be cancelled and assets are sold in an attempt to put the company on the road to recovery. This week, we learned that the U.S. debt is now equal to the size of the entire U.S. economy. Read the rest of this entry »
Obama needs a Sister Souljah Moment
The occupiers of Wall Street were silent as the President of the United States approached the podium in downtown Manhattan and begin to speak. Obama was expected to embrace the protesters bu,t much to their surprise, he delivered a stinging attack.
“You have disgraced yourself by your public displays of indecency, the disrespect for your fellow citizens who live and work here and by trashing this park and the restrooms of nearby merchants. Just look at some of the signs you are carrying. ‘Jump you F—ers,’ pigs in police uniforms and ‘Shoot Sperm not Bullets.’ Is that who you really are? Read the rest of this entry »
Earth to “Occupy Wall Street”
“Occupy Wall Street” is a movement in search of a goal. The growing hoards of malcontents offer a convenient stage for anyone or any group with a cause.
It’s a street fair for the disenfranchised with too much time and money on their hands. This may seem incompatible with one of its reoccurring themes: social and economic inequity, but hear me out. The hoards that have gathered in New York, Los Angeles, Denver, Boston, etc. do not appear to be the underclass. They are not malnourished or diseased. As street mobs go they are well-dressed and appear quite comfortable.
If anything, they resemble their brethren in Greece. They are coddled, overpaid and over subsidized by the very systems they despise. If this were not the case, how in the world could they afford these extended vacations? To be sure, many are sleeping on the street. However, many have more conventional accommodations and use their state of the art pop-ups as a convenient place to hang with the crowd in order to whine about their lack of power, political influence, wealth or whatever. Read the rest of this entry »
