Memo to Yglesias: the system that has failed is the one you voted for when electing democrats post 2006 and 2008. Democrats have run the financial system into the ground (Fannie and Freddie)…but everyone else has known that since last year, hence the Tea Party protests that you tried to denigrate as racist etc. took place. Seems you are 12 months and more too late…President Goldman Sachs has blown it. Wall St may still back him next year, but I wouldn’t count on it…
Nobel Peace Prize winner and leader of the Polish Solidarity Movement Lech Walesa announced that he will not be attending the Obama-endorsed Occupy Wall Street protests. This comes after he discovered the protests were organized by radical anarchists, Code Pink, the American Communist movement, jihadists, anti-Israel, socialist, and anti- free enterprise interests.
Liberal thought leader Matthew Yglesias writes today, “The Occupy Wall Street is a rational response to a system that’s failed.”
Well, except for the racism, attacking police, and the rapes, the trash, the clueless morons, the sex & drugs, the pervs exposing themselves to children, desecrating the flag & war memorials, embracing communism, getting Nazi endorsements, the anti-Semitism, the spitting on people, the mindless chanting, promoting sexual perversions, faking injuries, abusing local business owners, demanding free stuff, the feet sniffers and drinking urine,… It’s completely rational.
Did I mention the sh*tting on cop cars?
Raw sewer: An unidentified man seen defecates on a NYPD patrol car in downtown Manhattan (Daily Mail)
The New Republic reported:
The basic economic premise of modern American liberalism, as I understand it, is that with appropriate regulation and taxation a market economy can be made broadly beneficial to the overwhelming majority of citizens. This stands in contrast to the pure capitalist view that a rising tide will inevitably lift all boats, and to the radical claim that market economies are inherently immiserating.
The liberal view is, I think, correct. But it’s clear that for the 20 years between 1980 and 2000 what was possible in theory wasn’t necessarily happening in practice, and for the past decade it hasn’t been working at all. The story is familiar, but worth repeating. We’re seeing not just growing inequality, but actually falling wages and incomes at the median. People are outraged—and rightly so—that the economy and economic policymakers are failing them.
Faced with these realities, the TNR staff editorial on the subject feels distinctly like an op-ed penned eleven years ago about anti-globalization protestors, put on ice, and then re-animated with a hasty rewrite that fails to consider the actual political and economic circumstances.
The notion that Occupy Wall Street is a fundamentally radical anti-capitalist movement is completely without foundation. And judging from the We Are The 99 Percent Tumblr, these people aren’t a conspiracy to overthrow capitalism, they’re ordinary people struggling with hard times and looking for answers. The labor unions who’ve hopped on the 99 Percent bandwagon aren’t waging a battle to abolish private enterprise, they’re participating in a movement to say that what’s happening right now in the United States is unacceptable.
Read the rest if you want a good laugh.
Gillard and Co in Australia are also doing their best to bust the Australian economy, with massive borrowings to pay for failed programs like insulation, school halls, NBN, carbon tax and more...
We were more fortunate in having a competent, financially sound government until 2006 that had paid off the Keating debts.