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Lonecowboy

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Three weeks into a growing protest movement targeting Wall Street and the nation’s financial services sector, President Obama expressed empathy Thursday for the demonstrators, even going so far as to elevate them as a force in the 2012 election cycle.“I think part of people’s frustrations, part of my frustration, was a lot of [lending] practices that should not have been allowed weren’t necessarily against the law, but they had a huge destructive impact,” the president said at a midday news conference Thursday.

The protestors, he added, “are giving voice to a more broad-based frustration about how our financial system works…and that's going to express itself politically in 2012 and beyond.”

The remarks represented Obama’s first public comment on the “Occupy Wall Street” movement, which is now in its third week, and has led to more than 700 arrests in New York and elsewhere.

As the president spoke to reporters in the East Room, more than 1,000 anti-corporate protesters were gathering, less than a mile away, at Washington’s downtown Freedom Plaza. Waving placards and chanting slogans, the group marched to the U.S. Chamber of Commerce – to protest the organization’s support of the Obama administration’s jobs plan – then moved on to K Street, the hub of lobbying and law firms that is the capital’s pinstriped cousin to Wall Street.

The action in Washington had been planned months in advance, said organizers with the October 2011 Coalition, and enjoyed no formal ties with the Occupy Wall Street movement. But it was clear the two groups largely share the same goals, tactics and fervor.

Obama, in remarks on the protests that extended to nearly 10 minutes, refrained from rebuking those arrested or mounting any defense of Wall Street. Instead, he further criticized bankers and lenders.

“We had the biggest financial crisis since the Great Depression, huge collateral damage all throughout the country, all across Main Street,” the president told reporters, “and yet you’re still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into this problem in the first place.”

The closest Obama came to defending Wall Street was when he added: “I have said before, and I will continue to repeat: We have to have a strong, effective financial sector in order for us to grow.”

In her own, weekly news conference, House Minority Leader Nancy Pelosi, D-Calif., went even further, praising the Occupy Wall Street crowds for their youth, focus, and effectiveness. “God bless their spontaneity,” she said.

But Rep. Peter King , R-N.Y., who sits on the House Financial Services Committee, blasted President Obama for siding with the protesters.

What they're doing is disgraceful,” King said in an interview with Fox News. “They should be denounced; they're breaking the law; they're serving no real purpose at all….And for the president or anyone else to give them any credence or credibility is also irresponsible.”


planned months in advance pelosi said, "God bless their spontaneity" as obama endorses them breaking the law. :roll:
 

Mike

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Every dog has fleas.



Blood-sucking fleas that crawl on it and mooch off it.



Just like society.



Dogs have fleas and society has Democrats.



Or socialists or anarchists or unionists or environmentalists or whatever you want to call the dregs of humanity having free love on the sidewalks of Wall Street.



It’s been going on for three weeks now and has in recent days built to a fever pitch.



At least among the network reporters.



Who honestly seem sexually aroused by the whole thing.



Each newscast features some vapid, breathless idiot yammering into a camera about corporate greed and the unemployment rate and bank bailouts and how the common people are finally being heard.



The Arab spring comes to America.



And the coffee-klatch communists couldn’t be happier. The leftists who hate this country have convinced themselves they can bring it down. And in this and copy-cat demonstrations across big-city America, they’ve all but burned the flag.



In short, the Obama campaign has begun.



First the banks, then capitalism, then a communist paradise. A world in which unemployed 24-year-old idiots talk about how the rich have robbed them.



Somewhere in hell, Karl Marx is high-fiving everyone he sees.



So let’s shine some light on this.



First of all, there is nothing in the size of this or the message of this that is either new or unusual. This is the Democrat attempt at a tea party, the same collection of rabble that protests the war most weeks in front of the federal building. These are the folks who are sure that if you only go vegan, eliminate your carbon footprint, legalize marijuana, join a union, donate to Obama and curse Sarah Palin that everything will be alright.



These are the same folks who protest economic summits and Republican debates.



Don’t you recognize the body odor?



These are folks who are more apt to have an EBT card than a clue.



They are society’s fleas.



And while most of America laughs at them, the media lionizes them and holds them up as an enlightened and idealistic generation rising to liberate America from commerce and profit. Our stupidest people are depicted on the evening news as being our most astute.



Somehow, people who’ve never produced a damn thing in their lives are empowered to criticize and attack those who have.



It is society biting the hand that feeds it.



Because this much is certain: It is America’s banking and business sectors, operating in a free society and economy, which have made this country great and provided it with its astounding level of prosperity.



Of course, it is that level of prosperity that most disgusts these people. They seem to be fighting for a society of equally debased welfare recipients. A world in which merit is mocked and dependence is encouraged.



Neither banks nor corporations are perfect, but these imperfect tools have lifted America higher than any other nation on earth.



For most working Americans, the boss is a corporation. For most retiring Americans, it is stocks in corporations that provide the growth in a 401k. These corporations which are being cursed and condemned are the bread and butter of American prosperity.



Yes, small businesses comprise 90 percent of America’s businesses. But they employ just 20 percent of America’s workers. In the private sector, it is the corporation that creates the most jobs and employs the most people.



An attack on corporations is an attack on us all. They employ us, they enrich us, they pay taxes. And they produce products and services that are useful and desirable.



And without the capital and lending of banks, we would be subsistence farmers. It is the concentrated power of capital which has allowed for everything from the Erie Canal to the iPhone. Without banks you don’t have a job, you don’t have a house, you don’t have stores to shop in.



Without banks and corporations, you have a Third World economy and periodic famine.



Of course, with most liberal policies – if you implemented the various causes of these demonstrators – you would have a Third World economy and periodic famine.



So let’s call a spade a spade.



These demonstrations are about galvanizing the Democratic base. Poor leaders always strengthen themselves through hate. Hitler had Jews, Jim Crow had blacks, Democrats have corporations, banks and “the rich.” Different degrees, same principle – unite your followers by fomenting and harnessing their hate.



Barack Obama and the Democrats in Congress have failed, to either lead the country or effectively implement their followers principles. Recognizing that without the base they have no chance of retaining power, the Democrat rabble rousers have burned the proverbial Reichstag.



Hate the banks, hate the rich, hate the Republicans.



And vote for Barack.



That’s what these demonstrations are about.
 

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