Posted on 09/28/2025 2:02:55 PM PDT by E. Pluribus Unum
Well before Lehman Brothers collapsed and capitalism quaked, Gabe Tobias had an arresting view of what would become the global financial crisis.
It was in Santa Ana, Calif., where Tobias was working as a community organizer after finishing college in 2006. He was meant to be advising low-income families on healthcare.
Soon, though, his work changed.
Acorn, the nonprofit that employed him, began to see rashes of families, particularly Hispanic immigrants, complaining that they were being forced out of their homes. The culprit was adjustable-rate mortgages they had signed up for but scarcely understood.
“It was devastating,” Tobias recalled. “They had everything locked up in their homes. They had nothing else.”
In the ensuing months, he would become familiar with unscrupulous mortgage brokers’ tricks of the trade—using multiple sets of paperwork to mislead customers, enlisting community leaders to sell dubious products to those who spoke little English, and more. At an early age, he came to a sobering conclusion: “There’s an industry that’s set up to suck money out of working people.”
In June, Tobias’ friend, Zohran Mamdani, 33, shocked the world when he handily won the Democratic primary for New York City mayor running as a proud socialist. Mamdani’s victory has variously been attributed to his charisma, his adroit use of social media, his ability to bring South Asian residents into city politics and the warts of his leading opponents.
But it is also something else: the flowering of a movement that began to gestate nearly 20 years ago, when the misery of the financial crisis proved formative for a generation then just coming of age.
For many, like Tobias, now 39, that crisis—and what they view as a feckless response to it—left a lasting impression about the ills of capitalism and the inability of America’s dominant political parties...
(Excerpt) Read more at wsj.com ...
And this mess all started with Saul Alinsky.
Sign n the dotted line and you own it.
2008?
A New Yorker told me yesterday the kids are paying $8,000 per month for a one bedroom in the east village. No amenities. No doorman.
You can’t afford that on a capitalist system. The parents are paying for that. Parents with a 10k sq ft on Long Island, conn., a ski house and a villa in Amalfi
That’s not an adult life. Of course they’ll vote for some guy with energy. These kids have been taught in private scho to hate america
Our government has turn up a 40 T deficit
The local congressman is a silly girl with a big mouth with millions$ real estate on a 170 k salary
Community organizers are SO important. (/S)
TO ALL: DONATE ONCE every 3 months-is that a big deal?
Socialism has worked so well around the world…..in exterminating people.
Here’s the problem. From the article: “Why should I care about saving democracy if it can’t provide me a home to live in or food I can afford?” she asked, calling housing “the economic issue of our time.”
Some one should provide housing and food.
The younger generations face the dilemma of compounded debt that soars while they get less in return. All the youth has seen is massive bailouts, massive government intervention to hold the current system together while they fall further and further behind the prior generations at their ages.
2008 sucked. Delayed my early retirement plan but I let investments ride, kept working till 2018 then retired. Smart move actually, improved the retirement investments, obviously upped the retirement plan by 10 years for a bigger monthly check and then tapped the SS, paid off the mortgage to sell and build a retirement home. Life is good..you make changes as needed.
Anyone dumb enough to live in a city gets exactly what they voted for
“Some one should provide housing and food.”
Adult Socialist Democrat voters are really CHILDREN who see Mother Government as an extension of Mom & Dad’s willingness to GIVE THEM whatever they’ve wanted since childhood!
I’m always reminded of the time we were hiking and the four year old was getting tired and cranky, even though we had JUST rested and had had lunch and a juice box.
‘CARRY ME!’ he kept demanding.
I said, I’ll CARRY YOU, but you won’t LIKE it! Still want me to carry you?
‘Carry Me!’
So I tossed him over my shoulder and held his legs on either side of my neck and his head bumped my butt with every step I look, LOL!
Yeah, he didn’t LIKE It - and walked the rest of the way back to our campsite. *SMIRK*
Meanest. Mom. Ever. (And d@mn proud of it!)
True.
Unfortunately there are a lot of states in which the population of “the city” is more than half the population of the state. We also get what The City votes for.
“Some one should provide housing and food.”
Does anyone here interact with young adults?
They can’t provide housing and food
Look at the way this country is run
We are careening to retirement. Most of the people in this gen threw their six week old kids into day care. Had none or one sibling for them. Sparse cousins.
Allowed the public and private school system to teach them hatred of the US and capitalism
Expect them to pay for our social security and they know they’ll have none
Allowed tuition to rise way above the rate of inflation
Allowed the housing cost to go up exponentially. Allowed taxes to go up exponentially
And on top of it, blame these kids
Allowed foreign workers to invade
None of this is their fault
The most common comment is don’t go to college
Of twenty young couples I know I’ll grab one out of random
A doctor, just finished a residency. Military enlisted prior to that. Govt paid tuition wig law school after not getting decent job out of undergrad. The jobs have them separated. So no kids, no life together just work. Like the USSR. She owes around $300k law school after they bought a piece of crap house postage stamp. Flyover country. They owe 400 on that plus taxes about 800 per month. Now they don’t live there. The jobs pulled them away
They owe $1,000,000 at 32 y/o. I owed $1200 and payed it up by 28
Their siblings are all similar. The only one in the red has no spouse. Has a dog. A house 3 degrees. Great job. No falmiky. 33 y/o
Parents advise kids without knowing. They don’t turn off Maddie and read between the lines. They don’t bring people over for brunch or get on a plane and spend a summer evening talking to these kids. They don’t listen to Steve Bannon
All the young adults in my family are in this boat. Some have parents helping them. They live in nyc. They take a chance on the subway can’t afford uber 2x a day for $120 round trip
“ Unfortunately there are a lot of states in which the population of “the city” is more than half the population of the state. We also get what The City votes for.”
Quit the hate and petition for state wide electoral
It’s not NYC. We have sapped this generation dry
stanne wrote: “All the young adults in my family are in this boat. Some have parents helping them. They live in nyc. They take a chance on the subway can’t afford uber 2x a day for $120 round trip”
There’s their problem, living in NYC. Perhaps they need to find a cheaper place to live.
“Socialism has worked so well around the world…..in exterminating people“
Unfortunately kids are not as stupid as people want to believe
The corporate greed system running our political structure and economy is very bad allowing some Marxist to come along and take advantage of and that’s what’s happening in nyc. The people who vote in nyc are the urbanites who live there. The young adults and the urban dwellers. Not the bridges and tunnel people who vote in system island, Nassau and Suffolk the latter two red. Nassau voted Trump. Westchester is just liberal. Forget it. Also New Jersey which is bumpier now for Dems
Naturally, there are excesses in capitalism. I believe we are seeing some of that with Amazon and Walmart consolidating competition in their industries.
Theodore would have gone after Amazon and Walmart because they are acting like monopolies.
But we are not really seeing a President do that recently because corporations typically donate to their campaign and it makes no difference whether you are a Democrat or a Republican (unless your name is Donald Trump).
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