Tag Archives: Steven Lerner

Evil Bank’s Student Loan Crushing Your Dreams? Not for Long.

These days, all the cool young protestors seem to be talking about one thing. The calls for beheading Wall Street executives have quieted down a little and the new focus is- student debt. Yes, those evil giant banks are at it again- forcing poor innocent students into taking massive loans with crushing interest rates that will haunt them for the rest of their adult lives.

There is a petition circling colleges- the Support the Student Loan Forgiveness Act of 2012. To anyone with a rational mind, and even the slightest comprehension of how the free market works, the petition is laughable. The petition scathingly rips into the notion that higher education is an individual commodity rather than an investment in the ‘collective future’ of the nation.(Silly conservatives and their ideas about individualism.) It also boldly states that student loan forgiveness will stimulate the economy and restore the American dream for millions of middle class Americans struggling under the burden of their debt. Aw. With rhetoric like that, is it any surprise that the website, SignOn.org, is sponsored by the totally agenda-less George Soros funded MoveOn.org?

Oh to live in the world of liberal logic. Somehow, millions of defaulted loan payments just magically vanish and the economy is fantastic. Those defaulted payments don’t get passed on to investors and customers of the loan holder’s bank through increased fees to make up for the financial loss.

Even Steven Lerner, SEIU and Occupy Wall Street organizer, hinted that part of the next phase for the Occupy movement is student debt strikes. Lerner wrote in a recent article for the left-wing publication, The Nation “There is growing interest in Occupy and student groups in a student debt strike. The banks can’t foreclose on a brain or a degree. If a critical mass of student debtors—a million or more—pledged to refuse to pay, it would create a collection crisis that could force negotiations about reducing student debt.”

Those evil banks, asking poor, starving students to repay the money so generously loaned them. How dare they ask you to be accountable for your actions! How dare they limit your access to college education! A guaranteed human right! (Apologies to Thomas Jefferson, who’s probably rolling over in his grave). Because of course, handling debt responsibly and not taking on more than you can afford, is not an option.

Whatever happened to the self-made man? In the 21st century, where even if you don’t have high-speed internet access in your home (yet another basic human right those evil Republicans are trying to deprive the underprivileged of) you can go to any local library and use a computer, shouldn’t self-education be easier than ever? Basically every government organization and college has an online library where you can access important documents and research. Or crazier still, you could pull one of those dusty old books off a shelf. (Except then you’d probably just be accused of hating the environment.) But that would require you acting as an responsible, functioning individual in society rather than a piggy-backing parasite of the collective. After all, every enlightened liberal knows, personal responsibility and integrity are the crazy ideas of those pretentious old wig-wearing men who wrote that ridiculously outdated document all the disillusioned conservatives are still clinging to.

Labor Leaders turn Occupy Wall Streeters into Useful Idiots

No one outside of the actual Occupy Wall Street protesters believes that the events are anything but a set of union-organized and bolstered campaigns. Union elites are staging these events to try and turn the current anti-union popular sentiment against companies and jobs creators instead.

The unions’ messaging will either co-opt the purpose of the protests or muddy the already confused set of causes coming out of occupy this and occupy that events. Are these protests intending to get banks to lower debit card fees? Is it to get the rich to pay their "fair share" as Obama so wrongly puts it, is it to give unions more tools to intimidate workers (card-check)? Protesters are asking for anarchy, communism, socialism, a dictatorship, end to corporations, and complaining that they are so poor that they have no choice but to run around bare-breasted. 

The protesters are just asking for much more government, or no government depending upon who you talk to. There is no cohesive message, but the unions are about to change that – for their benefit.

Back in March, ex-labor leader and self-title "economic terrorist" Steven Lerner was pushing for these kinds of "disruptions". Here’s an excerpt of a piece by Ezra Klein in the Washington Post:

Union types are always looking for “leverage.” Leverage is what I have that gives me power over you. And Lerner thinks he’s identified the point of leverage that workers and homeowners and students have over the financial system. “What does the other side fear most?” Lerner asked. “They fear disruption, they fear uncertainty.
Now, big-labor is becoming more heavily involved to create the disruption Lerner so often speaks of. Big labor believes that if they can collapse the economy, Americans and politicians will bend to their will more easily. Are they right?

To start, unions are asking for corporations to pay more in taxes to create more jobs – because that makes sense in the land of rainbow-farting unicorns. Soon, big-labor will add their real messaging of instituting card-check and putting limits on how much corporations can donate to political campaigns while unions maintain their ability to bundle and donate unlimited amounts of money to liberal candidates.

Labor leaders were until recently quietly propping up these events, but thanks to a letter from current SEIU President Mary Kay Henry, the amount of union involvement in this supposed people’s grassroots revolt is not only obvious, but flaunted (emphasis mine). 

From: Mary Kay Henry, SEIU President <[email protected]>
Date: Thu, Oct 6, 2011 at 3:00 PM
Subject: Occupy Bell Buckle
To: [email protected]

Dear friend,

By now you’ve seen the thousands of brave students, workers and the unemployed occupying Wall Street.

But did you know that as of yesterday, there are over 300 solidarity "occupy events" happening across the country and around the clock?

In Philadelphia, 1,000+ individuals took to City Hall on Tuesday night.

In Washington, D.C., people have camped out in McPherson Square, symbolically located on K Street, since last week.

In L.A., citizens have spent six straight days and nights outside City Hall protesting against income inequality and joblessness.

The crowds and peaceful demonstrations will only get larger and louder as more Americans find the courage to stand up and demand Wall Street, CEOs and millionaires pay their fair share to create good jobs now.

This is the moment that determines whether this movement succeeds or falls flat. Will you pledge to help the movement spread by visiting an Occupy event in Bell Buckle? You can sign up and find a comprehensive list of events here:

http://action.seiu.org/occupy-wall-street

Over the last few weeks we’ve seen crowds of "Occupy Wall Street" protestors capture the nation’s attention as they stood their ground despite aggressive police behavior and hundreds of arrests.

These courageous young activists have given us all a shot of inspiration and hope that we can indeed turn this country around.

We are proud of the actions taken by 1199 United Healthcare Workers East, SEIU 32BJ and other SEIU local unions to support the Wall Street protests.

But as we talk to other "Occupy" participants across the country, they tell us their first need is people.

So we’re working with our friends at Daily Kos to see if we can help.

Find an Occupy event happening in your city and pledge to sign up to get involved. You can do that here:

http://action.seiu.org/occupy-wall-street

As part of a peaceful, united movement we can do so much more to demonstrate the increasing urgency of the crisis our country faces and shine a light on those responsible.

Let’s go for it!

In solidarity,

Mary Kay Henry
President, SEIU

 And here’s Steven Lerner in his well-known speech to prepare to "terrify D.C."