[quote=jpinpb][quote=svelte]Another thing that may happen: the participants may use the cold wet winter months to regroup and show up in the spring better organized with stated goals and demands. Heading into the election season, that is a very real possibility.[/quote]
I can see that happening. OWS seems pretty determined. Sure they’ll thin out in the winter. Everyone is counting on that. I can see government in general saying, “Eh, in a month it’ll be cold and they’ll be gone so let them protest while they can. It’ll be over soon.”
I can see them come back stronger in the spring. That may surprise some people.[/quote]
I disagree. By spring, our government would have already figured out how to turn back on the lax-credit-spigot (albeit for a short time)….What that will do allow people to spend on credit again…Dollars will start to flow again, and companies will raise guidance based on credit spending, which will cause companies to blow away dismal earning estimates that our wall street analysts have already set to be a lowered bar of a lowered bar, which in turn will cause the stock markets to rise (albeit temporary), which in turn will allow all these protesters that ironically have 401k, Roth, and IRA accounts that are very much heavily dependent on Wall Street to see those account values start to trickle up again…so that they can “feel” richer and can “feel” they can spend more (on credit of course)…….And that’s it…
Come on, do you really think people who are protesting against corporate greed, rich people’s excesses are really protesting FOR financial frugality??? Financial austerity is the last thing on people’s mind in this country.. Maybe a handful, but the majority…absolutely not…They just want the credit spigots to be turned on again…. so that we can resume spending $4 dollars for every $1 earned…That’s why you see so many damn euro-cars these days in socal….Those lease deals are around 300-400/month to get inside a bimmer/mercedes/audi…And that’s all people care about…I want to be able to afford my lease payments….
That’s how things have so much been instilled into american people. To forever be tied down to debt…From day one, that’s the crux of american personal financial education…Since there really isn’t one formally taught in our education system, banks and corporations took it upon themselves to teach us their version of financial education…. which was to dumb down the concept interest/cost of borrowing/debt into something that can be easily understood by one number…Monthly payment….And along the way, to shovel a bunch of complex rules, IOU terms that no one reads or for that matter cares about, since again ,it’s all about instant gratification these days……To expect the average american joe to change and break from this sort of thinking is like asking average joe to completely get retrained and put on a completely different mindset…..And who is going to do this??? The only way this break in thinking would ever occur, is in severe economic calamity, and probably would take a generation or two…. I mean, do you folks really think these protestors probably wouldn’t mind seeing their cheerished 401k/IRA/roth accounts obliterated, inventions from these so called “Wall Street” demons that these protestors are protesting?
