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OWS vs. The Tea Party

Discussion in 'Political Discussion' started by Patters, Nov 11, 2012.

  1. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Occupy Wall Street has been doing some good things lately. I thought I'd list a couple. Does anyone want to list some of the compassionate acts being organized by the Tea Party?

    Occupy Wall Street Launches 'Rolling Jubilee' To Buy Up And Forgive Debt | ThinkProgress

    OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If you’re a debt broker, once you own someone’s debt you can do whatever you want with it — traditionally, you hound debtors to their grave trying to collect. We’re playing a different game. A MORE AWESOME GAME.)

    This is a simple, powerful way to help folks in need — to free them from heavy debt loads so they can focus on being productive, happy and healthy.

    Occupy Wall Street morphs into Occupy Sandy, offering relief - The Denver Post

    The social media savvy that helped Occupy Wall Street protesters create a grassroots global movement last year is proving to be a strength in the wake of Hurricane Sandy as members and organizers of the group fan out across New York to deliver aid such as hot meals, medicine and blankets.

    ...

    Now the group has dozens of relief centers across the city and a stream of volunteers who are shuttled out to the most desperate areas. It is partnering with local community and volunteer organizations.

    A recent post on Occupy Sandy's Facebook page said: "Attention! If anyone in Rockaway needs to have their basement pumped, please contact Suzanne Hamalak at suzybklyn@aol.com. Her family wants to help and have industrial pumps ... they will do it for free ..."
  2. PatsWSB47

    PatsWSB47 Rookie

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    #12 Jersey

    Those efforts by the OWS should be commended, but what is your point, that liberals give more than conservatives?
  3. PatsFanInVa

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  4. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    OWS is often seen as the left counterpart to the Tea Party movement, and comes under a lot of criticism in this forum from the right. Is the Tea Party anything more than part of the political establishment? It came about as response to politics and usual, but really that mantel seems to belong more to OWS, which has not yet been co-opted. But, I could be wrong. I really would like to know if the Tea Party activists have been there for natural disasters or other good works.
    Last edited: Nov 11, 2012
  5. Patsfanin Philly

    Patsfanin Philly Rookie

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    #95 Jersey

    I commend OWS for what they are doing. It is a good thing and from a PR point of view, it is brilliant......
    Hope somebody in the tea party is taking notes, though they would probably get less positive press even if they did the same exact thing.......
  6. Harry Boy

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    I think it's time for the Tea Baggers to just step back and then let The New Pop Culture Government destroy the country, let some of them kill each other off with their riots, let the economy hit rock bottom, let all of us old bastards die with their Omabacare Garbage, all the different races won't be able to talk to each other so the first thing they will do is start killing each other, the liberals can get Jessie Jackoff Jr out of jail and appoint him President (God Imagine That A Real All Black President, I'm getting an erection right now) Obama, Reverend Wright and Michelle can all go back to Hawaii and eat lobster roles and spare ribs, then when the time is right The Tea Baggers can rise, they can ask God to come back then they and God can step in and mop things up and start all over again.

    GOD WILLING THE SUN WILL SHINE AGAIN MOMS APPLE PIE, LAWRENCE WELK, GENE AUTRY, RONALD REAGAN, SANTA CLAUS AND JESUS CHRIST WILL RETURN, THE NEW WONDERFUL GENERATION SHALL BE UPON THE COUNTRY AND THE LORD WILL SAY "THIS IS GOOD"
  7. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Harry, they just tried that, but the economy improved by most measures and the power of the democracy asserted itself with a huge backlash from minorities to Tea Party efforts they felt specifically targeted their interests. Basically, Harry, the Tea Party is a rural phenomenon of a handful of states (primarily Texas, Florida, and Louisiana), but already the Constitution gives rural states disproportionate power by assigning two Senators to each state. As Americans, we've come to accept this unfairness, but there are limits to what a bunch of backward bohunks who have no contact with reality can get away with (and let me me clear, I'm not referring to all rural folk, just those who live in irrational fear of Hispanics, Muslims, blacks, gays, and single women).
  8. Wolfpack

    Wolfpack Banned

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    Before you break your arm patting yourself on the back (although it seems it may already be too late for that) let me clue you in to 3 things:

    1) How does buying the debt of people who are obviously too irresponsible to manage their own finances compose some sort of noble act of compassion? It's actually a moral hazard. But hey, if they want to waste their money then more power to 'em.

    2) What the heck kind of debt are these people buying when they can get $14,000 worth for $500??!? Mortgages? No way, Jose. Student loans? Doubtful. Medical bills? You can easily cry poverty to get medical bills lowered, but not quite by THAT much. That $500-for$14,000 is the kind of rate you get to pay off someone's credit card bills when they've amassed $50,000 in charges buying stuff on the Home Shopping Club.

    3) Debt forgiveness is 100% taxable income. Over the past 10 months, you liberals have railed on and on and on about how important it is to you that everyone pays the maximum amount of taxes required by law (and then pay even some more after that), so that guy who just had his $14,000 debt erased now owes Uncle Sam a couple thousand dollars (depending upon what tax bracket he is in). :singing: :singing:
    Last edited: Nov 11, 2012
  9. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    You make some good points. I have no idea what kind of debt is that cheap, but clearly it is debt that is quite old. Given the way that credit card companies were giving easy credit in the 1990s, I wouldn't be surprised if a lot of it is credit card debt, but one imagines that OWS will target specific kinds of debt now that they know they can do this.

    As far as responsibility goes, you are right, but at the same time one presumes that many responsible people find themselves in debt because of factors beyond their control. While there are some people who are just irresponsible, others experience unexpected illness or disasters of some sort from which they have no good way out. I doubt if OWS is bailing out the banks, who I suspect you agree should not have been bailed out, but certainly irresponsible investors were among the beneficiaries of that. So, sometimes people just get lucky, I guess.

    As far as taxable income, I didn't know about that. That said, owing $2000 is better than owing $14,000. My hope is that OWS focuses on forgiving small debts, the kind of debts that are likely to be held by the poorest members of society, but I don't know how the process works.
  10. Hamar

    Hamar Rookie

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    Cheap debt like that is usually owed to a company that is no more and the debt has been bought and sold more than once so is considered to be not collectable.

    No, owing 2,000 to the IRS is not better than owing 14,000 to some 3rd or 4th party collection. The IRS has WILL collect that money.

    P.S. I don't think the OWS is anything like the Tea Party. The OWS is more of a social movement and the Tea Party is much more politically focused.
  11. PatsFanInVa

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    It says on the site they cannot buy individual debts. They are buying debt on the market and canceling it. I'd be curious as to the mechanics of this as well; after all, if you have a mortgage backed security that's become a debt backed security, I suppose canceling that debt would all go indirectly to those who owed the debt. A cancelled debt is a cancelled debt.
  12. cupofjoe1962

    cupofjoe1962 Rookie

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    Sounds to me like $500 and a half hours with Trixie twice a week, got Vinnie
    the weed dealer not to put the arm on the clowns he fronted 10 lbs.
  13. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    And Huggy Bear tipped off Starsky and Hutch?
  14. cupofjoe1962

    cupofjoe1962 Rookie

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    Forgive debt or just help them ketchup?
    Stephen Colbert Interviews Occupy Wall Street Protester, 'Ketchup' - New York - Restaurants and Dining - Fork in the Road
  15. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Icy, your jpg doesn't show up :(
    Last edited: Nov 11, 2012
  16. E1Downey

    E1Downey Rookie

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    Red vs. blue......Black vs. white....Rich vs. Poor.....OWS vs. Tea Party

    I'm ******* tired of it. How is no one else? Why should we buy into this ****? Because the talking box in our living rooms says so? No that's bull****. Please don't let them convince us that this 'divide' is really a natural divide.

    One side hates the regulating, big/centralized gov't. One side hates the cheating, greedy mega-corporations/financial institutions. So what do we do? We split into teams and fight...EACH OTHER!

    Must just be coincidence that both of the "bad guys" seem to gain more and more of what they want(wealth,power) while we get less and less of what we want.(wealth,liberty)

    Let's not consider that though. It's so much more fun trying to convince ourselves that we are both intellectually and morally superior to those "racist republicans" or "limousine liberals".


    I've been told big business is against big government. Big Gov't wants to protect us from Big Business.

    It's bull. They've been in bed together for a very long time now, it's just that we are the ones getting ****ed...
  17. Nikolai

    Nikolai Football Atheist PatsFans.com Supporter

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    #54 Jersey

    [​IMG]
  18. PatriotsReign

    PatriotsReign On the Roster

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    OWS vs. Tea Party....

    You gotta be frikkn kiddn...

    Can we all grow up and stop adding to the fuel that divides our nation?

    We're all Americans...liberals are here to stay and conservatives are here to stay....deal with it.
  19. Chevy

    Chevy Rookie

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    The Tea Party is a loose organization at best. It represents those American traditions and ideals that formed this country and made it what it is - hard work, self reliance, the determination to improve one's self.

    The people who identify with the Tea Party generally are working class folks who pay their bills and ask little if anything from others - let a lone the government. Ever notice that the Tea Party "events" are one day affairs, mainly on Saturdays? That's because they have jobs and families and responsibilities that need to come first. That means going to work.

    The big question I have - why should this debt be forgiven?
  20. PatsFanInVa

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    When was the last "tea party event" of any size?

    In any event, teabaggers also skew older. I don't think you could put together a tent city of blue-haired teabaggers who toughed it out in all weather. Their rhumatiz would act up.

    Young people are different -- particularly a young population on the butt end of the system in place before they were born, who have unemployment of 10% plus (and I'm sure it's 30% plus when you start in with all the random assignation of horrible underemployment, leaving the workforce, blah blah blah, by which the pubbies like to shift the measure to declare every day the worst one EVAH.) A lot of them, as you know, have nothing but time.

    PFnV

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