Jesse LaGreca: Occupy Wall Street Movement Is Driven By Anger

[taeonu]

“Fascism should rightly be called Corporatism, as it is the merger of corporate and government power.”

- Benito Mussolini

[taeonu]

You guys act like the government and the bankers are different people. If you actually watch the whole video at Fora.tv, you'll see Jesse points out that our bought government is just as guilty as the guys on Wall Street.

Also, when the banks have to loan their own money instead of creating money out of thin air and charging interest on it, they can complain about regulations.

[PatriotWatchUSA]

@mistermassive1 98 shut you out fool.

[PatriotWatchUSA]

OWS is driven by Obama and unions. "SOLIDARITY FOREVER" you are the 19%

[dynamicmaxwell120]

Jesse is awesome!

[Ryanventura]

ANYONE 'IDOLIZED' OR SELECTED FROM THE CROWD TO BE ON MAINSTREAM MEDIA IS CHOSEN BECAUSE HIS IDEOLOGY MATCHES THE 1%, OR BECAUSE HE IS BOUGHT OFF. HE WANTS SOMEONE TO GO TO JAIL, THIS IS NOT THE SOLUTION - ANOTHER POLITICIAN OR BANKSTER WILL EXPLOIT THE SAME LOOPHOLES AND LAWS THAT EXIST. WE NEEED REFORM OR WE NEED REVOLUTION!

[dawn0293]

@Ryanventura "ANYONE 'IDOLIZED' OR SELECTED FROM THE CROWD TO BE ON MAINSTREAM MEDIA IS CHOSEN BECAUSE HIS IDEOLOGY MATCHES THE 1%, OR BECAUSE HE IS BOUGHT OFF." Or perhaps because they were able to produce a soundbyte that went viral. Sheesh, conspiracy theories are so old hat. 

[LongueTiedNoLunger]

This guy is a total sell-out. Once MSNBC came calling, he's out there talking one-sided partisan Big Labor stuff which are tired and pointless.

[uhhh54321]

lol idiotic rambling. herpa derpa derpa

[ogrish84]

@uhhh54321 Yes, your post is idiotic rambling.

[1140Cecile]

Jesse is a great spokesperson for the Occupy movement.

[x1x2x3ct]

delete this, nobody wants to listen to a fat uneducated redneck

[edgewayround]

@x1x2x3ct - He's right though.

[acr08807]

@x1x2x3ct That's right. We only want to hear from skinny uneducated rednecks.

[ogrish84]

@x1x2x3ct That's right an that's why people are marking your comment as spam.

[philoposos]

Wow! He really is articulated. I was expecting just another outraged hippie.

[1988scottcarey]

13 years old seeing people jump out of the trade center all day you know down the line the kids will be fucked up.

[1988scottcarey]

I believe september 11th changed the world, some of us were kids glaring up at the T.V that morning amost like it was the Moon landing.

[danmcdonald22]

The speaker looks well fed to me.

[superoriginalname]

Well Said!!!

[SrRulao]

Awful job on the tittle of the vid.

[superextremelaser]

i like this analogy alot

[stevesanterre]

Its funny how this random guy is now somewhat famous. He was just an ordinary protester in NYC and now he's on network news stations and on FORA! wow

[usaf317]

@stevesanterre check into him and you will see there is a little more to this guy...he isnt just an average protestor.

[MrGreeneggsnham]

People use household income statistics instead of individual income statistics to portray a decline. Households are smaller than in the past. People are getting married later in life more frequently or not at all more often than in the past so it skews the data.

[RegioLunar]

Finnaly i heard an average american SAY this!There´re a lot of work to be done over there.This finacial fraud is the last stage of a long growing cancer. And WE THE PEOPLE, not only american working people cannot stand this disgusting state anymore!

Throw them into jail or very ugly things are going to happen!

[PatriotWatchUSA]

@RegioLunar YES OWS is run by unions so we expect there to be violence against the "people of this country soon"

[Vrchni]

Before anyone starts pointing fingers lets ask, who had been spending with credit way more they could afford, who had been buying unaffordable house and who was eager to build them?

[MrSupertwo]

Funny guy, it'll never happen. Those guys aren't going to Jail. They are your Masters! And so long as you are in Financial Debt to them, they will own you.

[silversoul7]

98nafets' comments remind me of the Onion headline: "High joblessness rate due to people blowing their job interviews." The sad thing is he probably wouldn't even recognize that headline as satire.

[98nafets]

@silversoul7 Good satire always has a basis in truth, and that is good satire.

If people actually listen to what companies are saying, there are actually many job openings, but not enough skilled talent to fill them. Why do you think Steve Jobs and Bill Gates kept pushing for more work visas? It's because America didn't have enough workers with the necessary skills.

[dawn0293]

@98nafets "If people actually listen to what companies are saying, there are actually many job openings, but not enough skilled talent to fill them." They'd rather fill every position they possibly can with foreign workers that are practically slave labor, because it's more cost effective for them.

[98nafets]

@dawn0293 Go tell those Indian immigrants who are living pretty comfortable lives after coming to the States and filling those jobs that they're "practically slave labor." Of course, having to deal with a reality that contradicts your caricature of what these jobs entail is not something those on the left usually do.

[dawn0293]

@98nafets "Go tell those Indian immigrants who are living pretty comfortable lives after coming to the States and filling those jobs" First of all, most of the jobs are going there as opposed to bringing anyone here as many jobs don't require people to be present in a physical capacity at the United States. Secondly, India is so last year... they aren't cheap enough labor anymore. They've moved on to China.

[usaf317]

@dawn0293 they bring people here from india on H-1B Visa's...which in some cases is cheaper for empolyers here because they pay them so much less than an American citizen.

[dawn0293]

@usaf317 Oh I know, but after having an insider's knowledge about the shady practices of corps like Unilever, I was just pointing out that they don't actually bring them over here unless they feel they need someone physically here but it is still cheaper since most corps want subcontractors and not employees in order to get out of any employee benefits or possible raises (they don't often renew contracts in order to skirt around the IRS).

[dawn0293]

@dawn0293 and the subcontractors in the US know they are getting taxed more and less benefits so they normally cost more. Much easier to get someone over from India that they can bamboozle into taking on as much work and as few benefits for much less.

[MartianStories]

@98nafets Wow. You're remarkably full of shit. Do you also think it is the fault of children that they get molested? And do you also think that it is the fault of women who get raped? Do you feel that civilians who get their brains splattered all over the ground as collateral damage deserved for living in a war zone? Perhaps the Jews deserved what they got because they were too stupid to realize they shouldn't be living in Germany? You should try heroine. Just try it.

[98nafets]

@MartianStories Wonderful liberal logic! Comparing people who blew off or even dropped out of high school to rape victims, war refugees, and holocaust victims.

[MartianStories]

@98nafets So do you cheer really loud when bad things happen to other people? "Oh, thank you jesus, praise jesus, wonderful hallelujah!" When people jump off a building or shoot themselves, I bet you cry out "Oh, thank you jesus, praise his name, punish those sinners with hellfire, sweet lovin' lord!"

Admit it.

[98nafets]

@MartianStories What are you talking about? Each new post of yours makes less sense then the previous one.

[TheTrieye]

kool

[LibertyDownUnder]

In other words: I don't like working hard, so I'll just wait till some rich guy screws up and blame him for my problems.

The steps that these OWS people are advocating are the same ones who led to this whole mess in the 1st place. They want easy answers, and they don't care about the long term implications, and at what cost.

They are barking up the wrong tree and should be protesting the politicians who handed out the bailouts, and not Wall St banks who took them.

[RegioLunar]

@LibertyDownUnder "The steps that these OWS people are advocating are the same ones who led to this whole mess in the 1st place."

Are you brain damaged?

[LibertyDownUnder]

@RegioLunar, nope.

The OWS people want the Government to step in and give more handouts to the poor. The same failed policy that has been in place since the 60s.

Instead of maming the poor comfortable, the Government should be focused on getting them out of poverty. Historically, tax cuts and deregulation are what have helped with this.

[Groth1175]

@LibertyDownUnder Everyone I talk to involved in OWS wants jobs not handouts

[LibertyDownUnder]

@Groth1175, they also want heavier taxes and restrictions on employers - which result in less jobs.

If you keep biting the hand that feeds you... you can guess the rest of this.

[Groth1175]

@LibertyDownUnder Taxes are lower than ever, and the regulations have been systematically castrated over the past 10 arguably 30 years. It has been scientifically proven in the real world that lower taxes and reduced regulation does NOT create jobs.

[LibertyDownUnder]

@Groth1175, the US financial market is the most heavily regulated market in the world.

The Fed removed limits on leverage, and printed trillions to promote housing - which is what caused the boom & inevitable bust.

This isn't due to a shortage of regulations - it's simply irresponsible behaviour by the banks AND the regulators themselves.

If they simply deregulated & cut taxes, there wouldn't be the need to play around with the money supply so much.

[Groth1175]

@LibertyDownUnder If irresponsible behavior by the banks is to blame, I would think that is the perfect argument for stronger regulation, they clearly can not be trusted to behave in a reasonable way on their own, they had their chance to prove themselves and took that chance to behave like greedy destructive children. If the regulators failed in their duties the solution is simple, fire and or arrest everyone who is found to be corrupt or incompetent.

[LibertyDownUnder]

@Groth1175, if I gave you $1billion to play with, you'll probably be irresponsible.

In a normal market, banks have to earn credability with their creditors before they can get access to money. In the current market, they can simply get it from the Fed with very little oversight.

If you think better regulations by people who have no incentive to be responsible is the answer here, then I'll have to disagree.

I think the solution is not to give them the easy loans in the 1st place.

[Groth1175]

@LibertyDownUnder I would think the regulations could include removing their access to these easy loans. the incentive of regulators should be that its their job to provide oversight. I cant say much though I have no understanding of the financial industry, aside from knowing that its half an over complicated convoluted mess, and the rest is just old fashioned bullshit

[LibertyDownUnder]

@Groth1175, I couldn't agree with you more on this one. But then, if you simply remove the easy loans - then 95% of this problem wouldn't even exist.

If you want a better understanding of the whole crisis, check out this clip when you have some time. It's called Overdose (add youtube.com before it): /watch?v=4ECi6WJpbzE

It's the best explanation I've found for this whole mess.

[PatriotWatchUSA]

@Groth1175 please pass the crack pipe

[oniyoda]

@LibertyDownUnder Then why hasn't the last 10 years been great? More tax cuts and deregulation than ever.

[LibertyDownUnder]

@oniyoda, because it was accompanied by a large amount of easy credit to the banks (started under Bush).

If you deregulate an industry at the same time you're flooding it with easy credit - you can expect problems.

If you want to see a more detailed explanation of this, you can see this clip called "Overdose, the next financial crisis". It explains this very well:

/watch?v=4ECi6WJpbzE

[PatriotWatchUSA]

@oniyoda Not real sure what planet you live on. There is MORE REGULATION and higher tax. Obama added 29 EPA regulations that directly affect you. ObamaCare has no less than twenty tax increases. The last ten years hasnt been great because Bush and Obama has spent trillions of dollars that nobody knows where it went. The last ten years have been bad because iberal fanie and freddie sold us out by forcing banks to make bad loans to rats. I could go on but would you get it?

[RegioLunar]

@LibertyDownUnder WTF?

ARE YOU BRAIN DAMAGED????

This guy want´s bankers in jail for defrauding, balance book cooking and getting away with it by posing as idiots!

Labeling the movement as "OWS want´s" is a strawman as there´s no leader making demands hence a helpless effort by some PR agent to spread disinfo. At least you act as if you are one...

[LibertyDownUnder]

@RegioLunar, all those fraudster bankers would have gone bust without the bailouts.

It seems quite clear to me that the Government is the one who is guilty for bailing them out, but a very small portion of the OWS anger is directed at the Government.

I see this as hypocritical and misguided.

[WarVideo]

@LibertyDownUnder Bingo, their hatred is based on envy and egalitarian nihilism.

[RegioLunar]

@LibertyDownUnder Dude, the US is being finished these days anyway.

Cling to your neoliberal dreams if you wish.

Bye, bye!

[elsquibbs]

@LibertyDownUnder

RegioLunar has no intention of being intellectually honest. He seems more concerned with using the term "neoliberal" than actually addressing anything.

[LibertyDownUnder]

@elsquibbs, true, but we have to be patient with these idiots.

I once thought like him, and would have changed my mind a lot sooner if things were explained to me.

[Xwowplaya]

@LibertyDownUnder The government is bought by Wall St. through lobbyists and unconstitutional supreme court rulings like Citizens united; not to mention the CEO's of these banks rotate through the Treasury office just long enough to change regulations so they can rob the citizenry once they leave. OWS is pointed in the right direction.

[LibertyDownUnder]

@Xwowplaya, if the Government is so corrupt (which I agree with), then how is giving it more authority and more money going to fix things?

Surely the conclusion should be the opposite, and that the power should be distributed so that corporations cannot buy it from the Government.

[Xwowplaya]

@LibertyDownUnder I completely agree, however, the source of the corruption is wall street so it is a good idea for OWS to put the spot light on them so that people will begin to understand the corruption and vote accordingly. That also depends on the availability of a candidate willing to stand up to them. Obama would have a 90% approval; rating if he would have stuck to his campaign promises instead of rolling over and biting the pillow.

[LibertyDownUnder]

@Xwowplaya, if you put the spotlight only on Wall St, then you're missing the whole point.

People would conclude that the solution would be Government run banks, and that the so called 'free market' is to blame.

[PatriotWatchUSA]

@RegioLunar Going after bankers is like going after match mfg for setting fires. OWS is a bunch of idiots lead by Al Gore, Obama and Richard Trumpkin. Can you say ACORN and SEIU

[muffinma79]

VENUS PROJECT?

[LibertyDownUnder]

@muffinma79, it's Marxism dressed up as science. Leaving these questions here isn't going to do much for you.

[muffinma79]

@LibertyDownUnder lmao

[muffinma79]

@LibertyDownUnder The point of the question is that WE NEED TO SOLVE THE ISSUES THAT HUMANITY FACES. AND NO VENUS PROJECT IS NOT THE ANSWER..BUT WE NEED A GREAT CHANGE TOWARDS THE RIGHT DIRECTION...

[elsquibbs]

He's ignoring one key factor: Government and its "Too Big To Fail" policy guaranteed that the losses would be socialized. When the risk is shifted onto others, why wouldn't the banks be reckless? If the banks knew they would have to shoulder the losses themselves should their shenanigans go bad, they wouldn't have done what they did in the first place. More people would party every night if someone else woke up with the hangover. Bad behavior is what this sort of safety net results in.

[LibertyDownUnder]

@elsquibbs, very true.

[RegioLunar]

@elsquibbs Your idiot "free market ´ll result in a balanced economy" neoliberal dogma lead to this! And just because some of you are too dumb to understand that there was, is and never will be such a thing a "perfectly free market" doesn´t make it right!

Just for "real world calling" your funny little world is being fucked now very hard as China and Japan are trading now SOLEY in their own currencies! YOU ARE GONE! The US petro dollar empire is in freefall! Face it!

[elsquibbs]

@RegioLunar

Your reply has nothing to do with what I said. The fact that you cannot communicate like an adult is reason enough to ignore you, never mind your non sequitur reasoning. Take your childish routine elsewhere.

[PatriotWatchUSA]

@RegioLunar Your elected officials are making sure of it

[moestietabarnak]

@elsquibbs because they ARE too big to fail! .. your brain to small to grasp that.

the issue here is not "let them fail", way too many repercussion to let it to 'the free market'. it's since they are too big, REGULATE them more tightly, or break them up in a controlled downsizing to where they can FAIL without pulling millions with them in the hole.

[elsquibbs]

@moestietabarnak

You don't have a grasp on what I said, just like every other fucking time you chime in.

[PatriotWatchUSA]

@elsquibbs It sucks when people are right. When you grow up you will HOPEFULLYrealize he is right.

[elsquibbs]

@PatriotWatchUSA

You should start at the beginning and work your way down. Do you disagree with my original point? If so, in what way do you disagree?

[PatriotWatchUSA]

@elsquibbs If you mean this comment YES from start to finish. OWS sucks because they are using liberal, progresive, socialist tactics. Their official web site slogan is SOLIDARITY FOREVER. Their rallying cry is "you make too much" They are in parks, ports and peoples homes. They are blocking traffic and blocking "people" going to work. If OWS is for real they would be in Washington and camping in front of our elected representatives homes. They are not. They are doing Obamas work

[elsquibbs]

@PatriotWatchUSA

Yeah no kidding. I never said otherwise. In fact, I've made those points many times on many different videos. I'm still not sure what you think I need to grow up and realize.

The guy in the video failed to address the government's role in the crash. Therefore his conclusions are incorrect. If you don't understand the source of a problem, then there's no way you could fix it.

[shmiggen]

Another problem is the democratization of education. Not long it was just the elites, and then it was decided ordinary men, and then finally, everyone, including all women. Well, when everyone is educated, the value of education goes down, because it isn't rare anymore. Did we honestly believe we could power a modern nation state with degrees in Media Studies and Global Justice? We deserve what we get, folks. 

[jag10]

someone needs to go to jail... and someone needs to be impeached.

[moestietabarnak]

@jag10 too late, bush and dick no longer in power

[PatriotWatchUSA]

@moestietabarnak Bush is gone dick4. I would worry about Obama

[PatriotWatchUSA]

@jag10 OBAMA, Reid, Pelosi, Waters, Rangel, McCain the list is endless. You better make a new prison

[98nafets]

Our future may be bleaker than our parents, but that's because too many people were convinced that they could get away with doing less work than their parents had to do. How many of your classmates honestly busted their butts to do well in school? Not many, definitely not a majority. Now they've all grown up and are surprised that they're not doing as well.

[LibertyDownUnder]

@98nafets, well said.

[Zehcnas89]

@98nafets

YES, because me not doing work in school is totally related with banks screwing over the country!

[98nafets]

@Zehcnas89 The people who got screwed over were the people and businesses who took out dumb loans. If our country was educated, we wouldn't have fallen for this.

If I go outside, find a rock, and get you to buy it from me for $100, who's the idiot?

Oh yeah, and the effect of all of this was multiplied 100 fold by government incentives that encouraged banks to loan to people who couldn't afford it.

[elsquibbs]

@98nafets

True.

[Zehcnas89]

@98nafets

What the banks did is called FRAUD, and it's a crime, you know, as in someone should be put in prison for it but they're not because of the corruption they've injected into the government. It has fuck all to do with whether people get bad grades in school.

[98nafets]

@Zehcnas89 And why did they get away with it? Because government policy, in an effort to help poor people, gave incentives to banks to loan to people who most likely couldn't pay it off, and the poor, because of weak education, weren't savoy enough too realize this.

[PatriotWatchUSA]

@AgeOfScience Nope it is the same peoples fault who sold their parents those homes but you are toooooo slow to know that. Go hang out with these idiots at OWS they are your kind of people

[AgeOfScience]

@PatriotWatchUSA lol, ok.

[moestietabarnak]

@98nafets sure, take the rightwing nut look at it, blame the poor that list his roof, not the banker that profit HUGELY from those bad bet.

Sorry, EVEN with government incentive (btw the banker lobbied and bribe those politician to put incentive and loophole in the law so they can fraud 'legally') the financial specialist have a duty (at least morally if they manage to dodge the law) to lend responsibly..

Beside, the house mortgage fiasco is NOT the main cause)

[98nafets]

@moestietabarnak I blame individuals for the decisions they made. If someone takes out a loan they can't afford, that's their fault. The government created a bubble that bankers and homeowners tried to take advantage of. I agree on the corruption in government issue, that's why government should have less, not more power.

And if you don't think the housing bubble was a major cause of the problem, then what was? Because that's what this guy in the video is describing.

[moestietabarnak]

@98nafets "And if you don't think the housing bubble was a major cause of the problem, then what was? Because that's what this guy in the video is describing"

Wow, you do really hear what you want to hear!

There is not even a WORD about housing in this video ! (except that people now have to choose between buying food or paying rent!) it's about the financier crooks and fraud. They used MBS(mortgage backed securities) but they could have use any other bubble

Geez ! you're lost...

[98nafets]

@moestietabarnak "They used MBS(mortgage backed securities) but they could have use any other bubble"

Why? Because you say so? The reason they used mortgage backed securities is because of the government propped entities like Fannie Mae that bought up these junk loans and introduced them into the market. If it weren't for government policy, these toxic assets would never entered the market because no one would have made these loans.

Does it have to be spelled out for you?

[moestietabarnak]

@98nafets and the root of it is the laissez-faire sick mentalities like your. The government propped up entities like fannies mae wouldn't have been an issue if they kept proper regulation of the banking industry. The root of the problem is not putting a reign on the greedy crooks.

The deregulation mantra of many brain DEAD conservative is sickening. The regulation were put originally (the proper one at least) to prevent those exact kind of abuse that got the world in crisis.

[98nafets]

@moestietabarnak FNMA has existed for a while to create a guaranteed buyer for mortgages, as long as they met certain standards. What changed is when the government lowered those standards. Banks could then offer lousy mortgages to people who couldn't afford it because FNMA promised to buy them. After that, they were repackaged and sold into the market and those who can see what was going on took out derivatives on them

Gov. policy not deregulation caused this irrationality

[moestietabarnak]

@98nafets nice... there some evolution from you..

it's no longer the the poor taking mortgage they cannot pay ... wow, some progress.

gov policy, deregulation. .... "What changed is when the government lowered those standards." in other word; LOWER REGULATION pushed by corporation and the right.

" Banks could then offer lousy mortgages to people who couldn't afford it" so bankster who KNEW the risk and consequences act irresponsibly

[98nafets]

@moestietabarnak "in other word; LOWER REGULATION pushed by corporation and the right."

That's not lower regulation. Regulation involves telling Banks what they can and cannot do in running their own Banks. Saying the government will buy your mortgage if it meets this lower standard is not less regulation, it's increasing the role of government in the market. FNMA shouldn't even exist.

And the lower standards were pushed by everyone in an effort to supposedly help the poor.

[PatriotWatchUSA]

@moestietabarnak and it was DEMOCRATS that deregulated

[moestietabarnak]

@98nafets Look who's make a killing during those times. look who's financing those corrupt politician.

'oh no! is the poor guy in the ghetto that got a loan for a shack he couldn't pay that crashed the economy!' you're sick!

FYI: in Canada, those bankers that approved these loan would be in jail! they are not betting with their money, they are betting with public money (when it's backed by the central bank) they have a duty of good governance.

[PatriotWatchUSA]

@moestietabarnak R U listening to yourself. This isnt the banks fault stooge

[PatriotWatchUSA]

@moestietabarnak Those lenders were threatened with huge fines. People like SEIU and ACORn rotested banks that they thought were not giving enough of these bogus loans. You are abitch. It is your politicians that sold you out not banks

[PatriotWatchUSA]

@Zehcnas89 Banks had nothing to do with screwing the country over. Thats what is the matter with you progressive ladies.

[squirreljester2]

The rent is too damn high!