OWS Day of Action – New York City 11/17/2011

I get off PATH and see a marine with machine gun. I get out and see many police and helicopters. Just before entering my building I see a large ows crowd chanting we are the 99 % over and over.

My immediate thoughts were:

1 Nice job Mayor. You could have nipped this in the bud. Instead you have and especially today wasted taxpayer money significantly.

2 the media elite expanded the myth that wall street caused Great Recession. Nice job media. Left unchecked you will be second coming of Pravda.

3 nice job Governor Cuomo. In 2000 as HUD head you mandated 50% of Freddie and Fanny revenues support sub standard loans. Both have cost taxpayers almost $200 billion on way to possible $1 trillion. Albany demonstrations would be more relevant. But even if I stopped to explain this it would be a hard sell. Why? OWS has been brainwashed by the media and pampered by the mayor.

I sincerely hope that the media, Mayor Bloomberg, and Governor Cuomo ( and all politicians ) have learned much from OWS Day of Action.

About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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