The year was 1999 and the anarchists descended on Seattle. They were called a peaceful group of human rights leaders, students, environmental groups, etc., wanting fairer trade with less exploitation. Sounds like the group down on Wall Street. Prepare for violence. We remember this crowd.
I hate to say it, but watching the various YouTube videos of the Occupy Wall Street protests and reading accounts of protesters' goals and "demands," prompts me to shake my head with a resigned, "I told you so."
Glenn Beck sends a team to interview the Occupy Wall Street movement.
His anti-capitalist nostrums are demoralizing to the economy.
This tax attack is the latest assault from a White House that is making a sharp populist shift to the left. It coincides with a president who trashed the Bank of America for raising debit-card fees in response to a Dodd-Frank price-control edict, and who suggests that banks do not have an inherent right to profit. It’s in league with a president who is throwing in with the Wall Street protesters.
The left have rightful grudge against corrupt government actions; all the while they maintain a childlike belief that government will act in their best interests if only there was just more government. It is mind baffling to see such an anemic argument by a large group who has no in-depth understanding about the difference between corporatism and free market or how government discredited capitalism.
It turns out that Obama’s American Jobs act contains another hidden provision, one that would allow unsuccessful job applicants to sue if they think a company denied them a job because they were unemployed.
“I’m afraid to do anything in the current political environment in the United States,” he said. “Those of us who have business opportunities and the capital to do it are going to sit in fear of the president.”
Elizabeth Warren has literally gone wild. No, she did not strip off her matronly suit on a Girls Gone Wild spring break tour bus. Rather, she appears to be on a mission to strip Congress, small businesses and individual Americans of authority by instituting her own rules for how to play the financial game on both Wall Street and Main Street.
Because even with rising energy prices and complaints amongst the business community that the administration's regulatory burdens verge of the ridiculous, Obama continues his relentless assault on the domestic supply of energy with an assist from the most radical fringe element of environmentalists.
Unlike super-deflationist Robert Prechter, I expect gold to hold its value over the mid-term (another swoon is always possible) as the Fed fights massive deflationary forces of excess leverage, excess debt, boomer demographics, global wage arbitrage, cutbacks in state and local governments, and most importantly - consumer attitudes towards debt.
Useful idiots. That’s what Vladmir Lenin called western sympathizers of the Soviet cause. He must have been smiling from his cave in Hell Sunday when he saw the Soviet flag – and Communist Party signs – being carried in honor of May Day.
Why would the Environmental Protection Agency (EPA) overturn its own scientists and decide to regulate trace levels of perchlorate in drinking water after it recently decided it didn't need to be regulated?
Irving Kristol, who died last month at age 89, inspired some highly mixed feelings in me. On the positive side, this renowned public intellectual was possessed of political realism, a firm anti-utopian grasp of the possible.
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