[O'Reilly Factor] Real Reason 'Occupy Wall Street' Protest Is Taking Place
Ubiquitous
Early Tuesday morning, about 100 people were arrested in Boston, members
of the so-called "Occupy Wall Street" group. These anti-capitalist
people are getting a lot of attention, usually with a question: What do
they want? Well, "The Factor" has found out.
No. one, the group wants "income equality." That is the feds taking
money from the affluent and from corporations and giving that money to
the poor and working class in the form of tax breaks and entitlements.
No. two, the left well understands that President Obama is in big
trouble because of the faltering economy. So MoveOn and big labor, who
are partially funding the demonstrations, are using the protesters to
demonize the wealthy, the strategy being to link rich Americans with the
Republican Party. The plan is kind of devious to convince the American
public it is the wealthy and corrupt Wall Street that have destroyed the
economy, and that the Republican Party is supporting the bad guys. In
that way, President Obama is not responsible; it's the GOP.
Now for the no-spin truth. There are some bad people in finance. Here's
an example: The former head of Merrill Lynch, Stanley O'Neal, bankrupted
the company by trading in mortgage derivatives. O'Neal was fired, but
walked away with a $160 million payment. Disgraceful.
We sent Jesse Watters to visit O'Neal:
(BEGIN VIDEO CLIP)
JESSE WATTERS, "O'REILLY FACTOR" PRODUCER: Hey, Stan. Jesse Watters of
Fox News. How are you? Millions of people lost millions of dollars at
Merrill Lynch. You pulled a lot of money out of there and didn't do a
very good job. How do you feel about that? You know, a lot of people
trusted you. You don't have anything to say?
(END VIDEO CLIP)
O'Neal had nothing to say. He is the poster guy for what's wrong with
Wall Street.
But the present economic mess is not O'Neal's fault. The problem we have
now is because Barack Obama's bet that almost a trillion dollars in
federal stimulus could turn the economy around failed. The president
took a shot and it fell flat. All the protests in the world will not
change that fact.
So what you see on the streets of New York, Boston and other cities is
not what you get. There are heavy politics involved.
And that's "The Memo."
--
"If Barack Obama isn't careful, he will become the Jimmy Carter of the
21st century."
Nickname unavailable
ROTFLOL:Poll:Americans Like Occupy Wall Street a Whole Lot More Than
the Tea Party:It’s almost as if Occupy Wall Street concerns mirror the
American mainstream’s concerns
68% want the wealthy to pay more taxes; 71% want to see bankers
prosecuted for the 2008 crash; 79% believe the gap between rich and
poor in the U.S. has grown too large; 86% believe Wall Street and its
lobbyists have too much influence
its got to be disheartening to be a right wing thug today. billions
were spent by their filthy rich masters over the last 30-40 years, to
get americans to go against their own best self interests. and just as
it looked like they were about to, someone woke up and said we been
flim flammed.
this is snowballing world wide now. it might be stopped if the
conservatives/libertarians do what they always do, turn to a fascist
superman who will be willing to murder millions, perhaps today
billions, so that a few parasites can have it all. but its looking
like the movement is snowballing rather quickly. maybe to fast to slow
down. a billion people or more are starving worldwide, including many
in america.
adam smith and the founders of america were right on the money.
"But Smith treated large, powerful companies very differently. He
said
big business was led by "an order of men...that generally have an
interest to deceive and even to oppress the public", and he referred
to powerful corporations (then known as joint stock companies) as
"unaccountable sovereigns" that were as dangerous to free markets as
tyrannical governments. Unrestrained, they had the power to shape
society and governments for their own purposes, and consumers would
pay for "all the extraordinary profits" while suffering from "all the
extraordinary waste", the inherent fraud and abuse, that accompanies
such immense economic power.
Smith stated emphatically that a strong government, acting through
democratic and legal institutions, was the only entity capable of
challenging such corporate power. Smith supported necessary
government
regulations, labor and human rights, public education, and
progressive
taxation to ease the economic and social inequities he knew would
occur in a capitalist system. Without these "liberal" measures,
social
and political unrest would threaten a nation's stability and his free
market economy could not survive."
Poll: Americans Like Occupy Wall Street a Whole Lot More Than the Tea
Party
Over the last couple of weeks, we’ve seen Democratic leaders make a
more concerted effort to show support for the Occupy Wall Street
protests, while also tying Republicans to the Tea Party. It’s pretty
clear what’s driving the strategy: one burgeoning movement is vastly
more popular than the other.
This will very likely come as a surprise to the political
establishment, which mocks OWS activists and shows undue respect to
Tea Partiers. (In the case of CNN, this includes partnering with a Tea
Party political action committee.) And yet, the attitudes of the
political mainstream are rather one sided.
A new Time magazine poll asked respondents for their opinion of “the
Tea Party movement.” Just 27% had a favorable opinion. Then the poll
asked about OWS.
“[I]n the past few days, a group of protestors has been gathering on
Wall Street in New York City and some other cities to protest policies
which they say favor the rich, the government’s bank bailout, and the
influence of money in our political system. Is your opinion of these
protests very favorable, somewhat favorable, somewhat unfavorable,
very unfavorable, or don’t you know enough about the protests to have
an opinion?”
A combined 54% had a favorable impression — exactly double that of the
Tea Party.
The same poll went on to ask about a variety of specific OWS-related
positions, all of which enjoyed strong support — 68% want the wealthy
to pay more taxes; 71% want to see bankers prosecuted for the 2008
crash; 79% believe the gap between rich and poor in the U.S. has grown
too large; 86% believe Wall Street and its lobbyists have too much
influence.
It’s almost as if Occupy Wall Street concerns mirror the American
mainstream’s concerns.
Now, it’s worth noting that the Tea Party folks have seen their
support falter badly, but that’s after two years of often-incoherent
complaints from its activists. Americans have had time to grow tired
of the bizarre, far-right antics. In time, maybe sympathies for OWS
will fade, too.
Or maybe they’ll grow. Time will tell. The larger point is, the
establishment seems to assume Tea Partiers are sensible patriots,
worthy of considerable attention, while Occupy Wall Street includes a
bunch of hippies, not worth taking seriously.
Americans, in general, appear to believe otherwise.
Mike
eternal shame of the Irish, can't even manage to tell the truth about 16
dollar muffins.
He's a dope, a liar, and a bully-boy blowhard, and I cannot understand why
the guests he badgers don't simply say, shut the fuck up, asshole.
"Ubiquitous" <web...@polaris.net> wrote in message
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