Friday, October 7, 2011

Daily Mood Quotes - October 7, 2011

 
Daily Mood Quotes
Day 157 – October 7, 2011

“On Wall Street he and a few others – how many? three hundred, four hundred, five hundred? had become precisely that...Masters of the Universe.”
~Tom Wolfe

I prefer Rose's (Kate Winslet) statement from the movie Titanic when she said to Jack (Leonardo DiCaprio), “Next it will be brandies in the smoking room...Now they will retreat into a cloud of smoke and congratulate each other on being masters of the universe.” What and who pays the price for these Master's of the Universe?

I had a conversation with my husband on this matter and I agree with his point of view. Granted, this has been a tough week for him and this may come across a bit grumpy, but here goes. Perhaps you are familiar with the protests that are going on around the country, people are banding together to voice frustration with the financial system of this country. The push me-pull you battles in Washington, the banking industry and top-ranked CEOs making millions and millions of dollars on the backs of the unemployed and working class; along with millions and millions of dollars that corporations are making as profits, while cutting jobs and sitting on the cash. Students are protesting the cost of student loans, they are going to have to pay back, if they are given the opportunity to complete the degree they are working towards. What a mess!!!

The way I see it, these folks, those who are protesting are to some degree right and in some ways maybe not so right. It depends on how one looks at the totality of the system that we are all part of. They most assuredly have the right and responsibility to organize and protest a financial system that promised to right its ways, when it was begging the American people for a bailout. Seems they have forgotten, or perhaps have no intention of showing gratitude for the mercy of the American people. I can't speak to their motivations. And I really don't care to hazard a guess. The point is the right to gather and protest is written into our Constitution and so they can. They will however, have little or no impact on the system, because they really aren’t causing any more inconvenience than midday traffic in Manhattan. I've been a parent for a very long time and I know you can't get anywhere with hardheaded boys by yelling.

To get the attention of the misdirected children, parents usually find it effective to take away the toys. I'm just saying... Banks depend on stock prices to give their company value. If folks were to decide to drop financial institutions from their 401Ks, and other investment portfolios, there are less toys and they'll find it tougher to borrow new toys too. I've also heard that Federal Credit Unions are great places for folks to put the money that they would usually lend to banks. Oh yeah, lets remember that every dime you put in a checking account is an interest free loan to the bank. I'm just saying the intention can be right, but the strategy? Well maybe, its not so right.

Also, as long as we're on the subject... How about looking to the house in the next election cycle. Those boys aren’t behaving any better and they are letting the big kids from the corner of Wall and Nassau, the decidedly wrong side of the tracks, make up the rules, pretty much as they go along... Soooo, how do we get them to behave? Take their cushy toys (read jobs) away too. Abraham Lincoln said “Whenever I hear anyone arguing for slavery, I feel a strong impulse to see it tried on him personally.” So to with unemployment.... If incumbents won't do something, well then don't the American people have the right and responsibility to correct our mistake of letting them stay and play with the bad kids from Manhattan? In the movie Wall Street with Michael Douglas, Carl Fox (played by Martin Sheen) said, “Stop going for the easy buck and start producing something with your life. Create, instead of living off the buying and selling of others.” Who serves who here? To quote Donal Trump, “your fired” come the next election. That is a choice we can make, it is our right and our responsibility.

Let's not make any mistake. Our political system is still better than any yet developed and I know global economics can be a very complex issue. In the near future, tons of misinformation from both sides will flow like floodwater, all over the media. They will lap it up and spit it back out as genuine news. But, people of all ages are people, and they tend to pay attention when the things they desire most are used to correct them; just like kids (take away their toys). Or perhaps not, that just how I see this mess.  Something to think about.

How will you become a master of the universe today?

The latest news about the protest on CNN:

Tune in tomorrow to read the daily mood quote.
Thank you for reading

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