Occupy Wall Street has drawn celebrity participation from leftists Micheal Moore and Rosanne Barr. However, while organizers claim it is a broad spectrum “populist” movement, it’s members are actually establishment leftists.
There is a movement to occupy Wall Street. Sorry, Wall Street is already occupied. The upcoming week might be hazardous to many Wall Streeters health if the technicians are correct.
Generally it’s best to be suspicious of big movements that become a media spectacle. Was Code Pink anti-war, or were they just anti-Republican party? I haven’t seen them marching on the streets or creating disturbances since November 2008 and the last I checked our military and anti-terror operations were expanded not disbanded.
In addition, there was a rag tag sympathetic movement in Chicago, Occupy LaSalle Street. The signs at each place were anti-capitalism signs.
Companies that are successful lobbying the Washington DC apparatus are simply playing off big government. To kill the effect of lobbying, skewer the beast and make government smaller.
Allowing companies to stay alive with government support also empowers big government. Allowing the capitalistic force of creative destruction is something the Tea Party is behind. What about Occupy Wall Street?
There are some troubling signs with Occupy Wall Street. The SEIU is busing people to join the marches. Other unions, and socialist Senator Sanders are supporting the cause.
The official Occupy Wall Street website vehemently supports Obama’s tax agenda, again in the deluded belief that Obama, the ultimate Wall Street puppet, genuinely wants to go after big corporations who use loopholes to avoid paying income tax.
In calling for higher taxes on the middle class, the protesters are mimicking the likes of billionaire Warren Buffet. The top corporations pay virtually zero income tax because of loopholes that they have crafted in league with bought off government regulators. Obama’s tax hikes will only impact genuine middle class businesses and middle class Americans earning over $200,000 – with the rate of inflation as it is this can hardly be described as the “super rich”.
As Anthony Wile writes, the protesters are being completely misdirected by their socialist/communist leaders. The real center of financial control is the Federal Reserve and the city of London, and yet ideologue Michael Moore said earlier this week that “ending capitalism” was more important than dealing with the Fed.
Wile notes that the protesters seem obsessed with those who conduct financial transactions, not those who actually run global central banks, the real string pullers.
“To get at the root of the problem, one should be protesting, say, in London’s City where central banking originated. Or protesting in front of the Federal Reserve in Washington DC. These are real seats of power. But the shadowy and excessively powerful and wealthy individuals who have created the modern economic system are quite satisfied no doubt to have Wall Street take the blame. It suits their purposes,” writes Wile.
“It is too bad that the Occupy Wall Street movement seems to be obscuring the larger issues by apparently blaming the private (transactional) sector in entirety for what has occurred in the past few years.”