Workers And Union Members March On Wall St.

by Ben Hoffman

NEW YORK — Thousands of workers and union members angry over lost jobs and the taxpayer-funded bailout of banks are marching on Wall Street.

Thursday’s rally was organized by the AFL-CIO and an association of community groups. The protesters included people hurt by the mortgage crisis and held up signs saying “Wall Street Overdrafted Our Economy” and “Reclaim America.”

Earlier, more than 100 people entered a midtown building housing JPMorgan Chase offices on Thursday afternoon. They handed a letter to a building worker and chanted “Bust up big banks!” and “People power!” They were calmly escorted outside by police.

The protesters then walked a few blocks and crowded into a Wells Fargo and Wachovia building lobby. A Wachovia spokeswoman says the bank received a letter, but declined further comment.

The protesters held up signs reading, “Save Our Jobs” and “Save Our Homes.” One included a Great Depression-era photograph. Police arrived on horseback as curious office workers watched the scene unfold from their windows.

“We’re here today to stop the corporate greed that is ruining our neighborhoods,” said Andrea Goldman, 59, of Springfield, Mass., who’s part of a group called Alliance to Develop Power.

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12 Comments to “Workers And Union Members March On Wall St.”

  1. For a look on how President Obama’s War on Wall St. , War on the Rich, and War on Capitalism is going , I’d like to post the following . It concerns people who have used up 99 weeks of unemployment . Obama said that creating jobs was his number one priority . Oh, I left out his War on race relations.

    http://www.latimes.com/business/la-fi-0430-99ers-20100430,0,422725.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fbusiness+%28L.A.+Times+-+Business%29

    Maybe the President should attack more businesses, maybe that would work .

    • What do you think he should do to create jobs? The stimulus bill created or saved many jobs. His tax cuts may have helped a little. What we need is some protectionist policies, but those will be tough to pass.

      So what else should he be doing to create jobs? It’s easy to criticize. Coming up with some solutions is a little more difficult.

  2. Mr. Hoffman,

    ” The stimulus bill created or saved many jobs. ”

    That is the most useless statement ever to come out of a politician’s mouth . You cannot measure it . One of my buddies used to tell a joke that I think is appropriate . ” Last night I saved a guy from being murdered,,,,,, I changed my mind “.

    ” What do you think he should do to create jobs? ”

    There is a blueprint . What Reagan did when he came into office . What George W. Bush did right after 911. This is historical fact . It worked .

    Tax cuts and deregulation on business . Stop wasteful Government spending ( AKA Earmarks ). Stop the war on Capitalism .

    Tell me, did sending the street mobs to protest Bankers’ salaries produce any jobs ? Did Henry Waxman threatening the heads of Verizon, Caterpillar, and John Deere with testifying before his Fascist Committee produce any jobs ? I can’t prove it, but I say it probably killed a few jobs .

    Here is the thing . As they are finding out in Greece, we all can’t have cushy Government jobs . All real wealth comes from the private sector . The more you expand the public sector, the more you shrink the private economy . For all of the debt Obama has run up, he did not get much bang for “our” Buck .

  3. Mr. Hoffman,

    You can measure jobs created. You cannot measure jobs saved . Jobs created, jobs before program, jobs after program . Jobs saved, jobs before program, jobs after program. If you go by those criteria, Obama lost a lot of jobs and the Stimuli was a failure . No one can know what the difference would have been without the program.

    Again you can never measure jobs saved . You can measure what the Administration said and what happened . By those criteria, the Obama Program has been a waste of money .

    Previously you touted the supposed Obama tax cuts . Those were one year tax deferrals . Next year when the taxes come do to pay for all of Obama’s freebies we will see. Then you have years of taxes to pay for Obama-care before the benefits kick in .

    If your hero had really just done everything possible for private job creation, instead of all the other BS, he would be well on his way to being a great President and would have gotten everything later that he wanted .

    Business hates uncertainty . With all of the anti capitalist rhetoric, Obama has not helped himself .

    • [No one can know what the difference would have been without the program.]

      The difference would be the current number of jobs minus (jobs created plus jobs saved plus residual jobs created). In other words, we’d have a lot fewer jobs right now.

      While 1/3 of the stimulus package was tax cuts, that was probably the biggest waste of money. Tax cuts do little to create jobs, as we’ve seen with the Reagan and Bush tax cuts. All they do is put us deep in debt and allow the uber-wealthy to get even wealthier.

  4. Mr. Hoffman,

    ” In other words, we’d have a lot fewer jobs right now. ”

    The problem is, that is only your and President Obama’s opinion . It can’t be measured or proven . It is totally subjective .

    ” Tax cuts do little to create jobs, as we’ve seen with the Reagan and Bush tax cuts. All they do is put us deep in debt and allow the uber-wealthy to get even wealthier. ‘

    Totally wrong . Unlike your stuff this can be proven . Unemployment before tax cuts, unemployment two or three years into tax cuts . I do not have the figures in front of me .

    Oh,,,,,speaking of the uber-wealthy . You never seem to criticize the ones who support your side . Why is that ???? You never seem to go after Oprah Winfrey, Bill Gates, or Warren Buffet . Oh and I forgot the great currency speculator George Soros . Now there is one evil rich guy .

    But I digress . I really wanted to see what you thought of this . You remember how your Hero is going after Goldman Sachs ? You remember how Buffet supported the election of your Hero to President ? Well now Warren Buffet seems to be going off script and is defending Goldman Sachs .

    • [The problem is, that is only your and President Obama’s opinion . It can’t be measured or proven . It is totally subjective .]

      No, all recipients of stimulus money are required to report how it’s spent and how many jobs are created or saved.

      [Unemployment before tax cuts, unemployment two or three years into tax cuts .]

      Two years after Reagan’s tax cuts, unemployment was over 10%. Two years after Clinton’s tax increases, unemployment was down by about 1-1/2 percentage points.

      [You never seem to criticize the ones who support your side .]

      I never specifically criticize the ones who support your side either.

  5. Mr. Hoffman,

    ” No, all recipients of stimulus money are required to report how it’s spent and how many jobs are created or saved. ”

    You absolutely have to be insane to write that . I wish I had kept all of the stories I had last year about all of the non jobs created and saved . The sheer volume of falseness would have made ACORN blush . I did find this and I’m sure if I try I can find more .

    http://abcnews.go.com/Business/scrutiny-obama-stimulus-jobs-mounting/story?id=9075257

    Wait,,then there is this .

    http://watchdog.org/1530/6-4-billion-stimulus-goes-to-phantom-districts/

    • No, what I said is true. States are required to report how the money is spent. If they don’t do that honestly or accurately, that’s not Obama’s fault. I guess states just need more federal oversight, which goes against right-wing ideology.

  6. I think union members saying they’re out there trying to stop greed or save jobs is as much of a joke as any government administration trying to say the same.

  7. Mr. Hoffman,

    ” No, what I said is true. States are required to report how the money is spent. If they don’t do that honestly or accurately, that’s not Obama’s fault. I guess states just need more federal oversight, which goes against right-wing ideology. ”

    I am reminded of a video clip of Ken Lay answering written questions at an employee meeting as Enron was going down the tubes . Everyone suspected things were about to tank and Mr. Lay was telling the employees and stock holders that although the company was going through a rough time, Their core businesses were solid and they were going to get their stock price back up .

    The question Mr. Lay read was ” are you on crack ? “. Then later ” well if not maybe you should start “.

    🙂

    The following are just a small sample from N. Carolina of waste. Some day we are going to wish we had this money back, that your hero sent down a thousand rat holes .

    Wake Forest University= $71,623 to fund a study giving cocaine to monkeys.

    Wake Forest University= $147,694 to study reducing menopausal hot flashes through yoga .

    $492,940 funding for selling the benefits of the stimulus plan .

    These are small potatoes. For meatier items I post the following link .

    http://online.wsj.com/article/SB123310466514522309.html

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