…an international cadre of revolutionaries and their disgruntled marionettes display the contempt they have for Wall Street and, well, just about everybody else. This self-important 1%, erroneously calling themselves the “99” has already garnered the enthusiastic support of the usual rabble-rousing socialists like Barack Obama, the defrocked House Speaker Nancy Pelosi, DNC dunce Debbie Wasserman-Schultz, the mad Marxists of the Congressional Progressive Coalition, the Communist Party USA, wacko global warmist Al Gore, the predictable mixed-nut assortment of left-wing Hollyweirdos like Michael Moore, Roseanne Barr or the tedious Susan Sarandon; now they have earned the dubious blessing of the “88ers”, “88” referring, of course, to the 8th letter of the alphabet doubled, “HH” i.e. “Heil Hitler”–the American Nazi Party. Well, pass the sauerkraut, crank out the “Down With Judeo-Capitalism” signs, and stock up on your Zyklon-B. Suddenly Obama’s anti-Israel policies make sense:
[Obama] is a privileged liberal who reflects the values and prejudices of the academic left. The cultural milieu of his intellectual formation was steeped in hatred of America and the West. His father was an anti-colonial socialist determined to destroy European imperialism. His mentor was Frank Marshall Davis, an avowed communist. His pastor was the Rev. Jeremiah Wright, a black nationalist known for his Jew-baiting. His seminal intellectual influences were revolutionary Marxists such as Frantz Fanon and Edward Said. They championed the belief – prevalent among college radicals – that Israel symbolizes Western subjugation of Third World peoples. In their view, it is a militaristic, quasi-fascist state based on oppression and Zionist expansion. In other words, for the hard left, Palestine is a continuation of the anti-imperial struggle – a mass movement for liberation from Western occupation. That is why progressives have only two real enemies: the United States and Israel.
Not all the anger directed at Wall Street, however, is anti-semitic, anti-capitalist, misdirected, or undeserved. Pat Slattery (The Free Market Project) puts it well (via Conservatives On Fire). Emphases mine:
[…] When I am talking about capitalism, the free market system, what is in my mind is entrepreneurs creating good and services and selling them to others and creating wealth for themselves and the economy in general by doing so. That is most definitely NOT what Wall Street has been doing over the course of the last few decades. They have been generating a kind of wealth based on nothing. Actually, it’s based on less than nothing. It’s been based on debt and ways to package that debt that they can sell to others.
[…] This is NOT the capitalism that we who love capitalism love. We love Steve Jobs. We love the people who make things– real things. We love the people who create real services. Real wealth is generated by real goods and services changing hands in a marketplace where the seller knows exactly what he’s selling and the buyer knows exactly what she’s buying and they’ve agreed upon a price for the transaction.
The great wealth that Wall Street has created for itself is NOT that.
Two things are infuriating to me. The first is that people collapse the distinction between what Wall Street has been all about for the last several decades and particularly the last decade, and “corporations” or “business” in general. People are hating businesses, as though they are not providing something real, including jobs, because they’ve collapsed the distinction between the God-only-knows-what paper that Wall Street uses to enrich itself (with a taxpayer backstop when their house of cards collapses) and the backbone of America which is corporations that create something tangible and useful.
The other thing that infuriates me is that government is right in the middle of it, bought and paid for by these Wall Street bankers. This is a bi-partisan failure because both parties love that Wall Street moola. Democrats are completely full of crap when they blame Reagan’s deregulation or the Bush administration because it was a change in regulation under Clinton that paved the way for the mess we’re in now. It’s simple really. What is needed is very simple regulation that creates transparency and responsibility. Instead, what Washington does is enable opacity and irresponsibility (the responsibility is born by the taxpayer, who has no connection to the problem) so that their donors on Wall Street don’t see their bank accounts diminish.
The economy is the people who produce the products that make life better and the people who freely choose to purchase them in an unfettered marketplace. And that economy has as many enemies in Wall Street as it does in Washington.
Global Revolution Becomes All The Rage via Rogue Operator
Occupy Insanity Has Spread Worldwide via Amusing Bunni
Connect the dots…. via LeatherneckM31
Mob Rule via What Would The Founders Think?
Meet the 99′ers, President Obama’s Newest Class Warfare Army via Village of the Banned
“Fringe” The Truth is Here via Grumpy Opinions