"There are two fools in this world. One is the millionaire who thinks that by hoarding money he can somehow accumulate real power, and the other is the penniless reformer who thinks that if only he can take the money from one class and give it to another, all the world's ills will be cured." - Henry Ford
While President Obama compares the Occupy Wall Street movement to a left-wing version of the Tea Party, Occupiers and their sympathizers believe themselves to be part of a much bigger phenomenon. A recent posting in Time's Global Spin blog, suggests that the Tea Party is largely older, middle-class Whites largely concerned with limiting the role of government. Meanwhile, the Occupy Wall Street movement, he claims is global, "youth driven" and favors a much more active government. The Occupiers decry, "government writ large is not the problem, just the current sort of government."
The irony of the Occupy Movement is that they oppose some of the same policies that the Tea Party does; controversies such as the Wall Street bailout spring foremost to mind. The problem with the Occupiers is that their misguided ideology prevents them from blaming the real source of the financial meltdown; ill conceived public policy. Left-wing activist groups, including President Obama's former employer Acorn, have long been active in pressuring banks to issue loans to people who can't afford them; and getting the government to insure those sub-prime loans. And after the two biggest defenders of government backed Fannie Mae and Freddie Mac, Senator Chris Dodd and Congressman Barney Frank, saw the regulations they so vigorously protected result in a financial meltdown, they were tapped to rewrite the financial regulatory policy.
The history of the sub-prime mortgage meltdown that brought about the bailouts, mass home foreclosures and high unemployment can all be traced back to policies promoted by politicians who now express support for the Occupiers. Activists in the Tea Party movement may be among the only ones out there who understand these connections.
The irony of the Occupy Movement is that they oppose some of the same policies that the Tea Party does; controversies such as the Wall Street bailout spring foremost to mind. The problem with the Occupiers is that their misguided ideology prevents them from blaming the real source of the financial meltdown; ill conceived public policy. Left-wing activist groups, including President Obama's former employer Acorn, have long been active in pressuring banks to issue loans to people who can't afford them; and getting the government to insure those sub-prime loans. And after the two biggest defenders of government backed Fannie Mae and Freddie Mac, Senator Chris Dodd and Congressman Barney Frank, saw the regulations they so vigorously protected result in a financial meltdown, they were tapped to rewrite the financial regulatory policy.
The history of the sub-prime mortgage meltdown that brought about the bailouts, mass home foreclosures and high unemployment can all be traced back to policies promoted by politicians who now express support for the Occupiers. Activists in the Tea Party movement may be among the only ones out there who understand these connections.
1 comments:
Dude, you must've heard the filthy rich have been planning this for ages and ages: the Masons? the Illuminati? the Buildaburgers? in their quest to kill-off almost all the humans on earth??? C'mon, dude. You cannot not have heard THAT. And this sick-o-culture is going off the deep end without Jesus. God's been gone for far tooo long to really wake-up: these 'kids' have absolutely no #@!! idea of how society or anything works, most of U.S. have been grossly conformed into thinking thar's no God, live for today, get drunk, have a much sex as you want, and c'est ca (French: that's that). But, yet, if we stick close by our Mother (the Mother of Jesus) shell see U.S. safe Home to Heaven. God bless you.
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