Tuesday, October 4, 2011
If the Occupy Wall Street protesters truly believed in the things that they are proclaiming, then they would be calling for the immediate resignation of Barack Obama and his entire cabinet. The truth is that the Obama administration is responsible for most of the things that Occupy Wall Street is supposedly complaining about. If the Occupy Wall Street protesters were intellectually honest, we would see a flood of anti-Obama signs during these demonstrations.
But instead we have barely heard a peep of criticism for Obama. In fact, the vast majority of the protesters seem very excited about sending Obama back to the White House in 2012. As will be clearly demonstrated in the rest of this article, this makes the Occupy Wall Street protesters tremendous hypocrites. If Occupy Wall Street wants to have any credibility whatsoever, it needs to call for Barack Obama to resign. Either Occupy Wall Street protesters will call for Barack Obama to be held accountable for his actions, or they are just a bunch of sheep. They cannot preach to us about how principled they are and yet turn a blind eye to everything that Barack Obama has been doing for the past 3 years.
Below I am going to analyze many of the demands that Occupy Wall Street protesters have been making. A lot of them have been directly taken from the formal list of complaints posted on the “official” organizing website of Occupy Wall Street.
As you will see, there are a whole lot of reasons why there “protesters” should be very angry with Barack Obama.
But we all know that nearly all of them will show up to vote for Obama once again in 2012.
Just like so many “true conservatives” apologized for George W. Bush for all those years, now we are seeing those on the left apologize for Barack Obama.
It is truly sickening.
Posted below are 11 reasons why Occupy Wall Street protesters are hypocrites if they do not call for Barack Obama to resign immediately….
#1 Occupy Wall Street says that they are angry that the big Wall Street banks “have taken bailouts from taxpayers with impunity, and continue to give executives exorbitant bonuses.”
Well, if Barack Obama and John McCain had not aggressively pushed for the Wall Street bailouts back in 2008, they never would have happened. After Obama took office, he rammed through even more bailouts. The reality is that you could easily call Barack Obama “the king of the Wall Street bailouts”.
#2 Occupy Wall Street says that they are angry that the big Wall Street banks “have donated large sums of money to politicians, who are responsible for regulating them.”
Yet they ignore the fact that 3 of the top 7 donors to Obama’s campaign in 2008 were the very Wall Street banks that the Occupy Wall Street movement is protesting.
Once again, Barack Obama will be taking in huge amounts of money from the wealthy and from big Wall Street banks for his run in 2012.
So why aren’t they complaining about that?
#3 One of the big themes of the Occupy Wall Street protests is the fact that Wall Street has way too much influence and power over the federal government.
Well, the Obama administration is absolutely packed with ex-executives of giant corporations and big Wall Street banks. Earlier this year, Michael Brenner wrote the following about the current composition of the Obama administration….
Wall Street’s takeover of the Obama administration is now complete. The mega-banks and their corporate allies control every economic policy position of consequence. Mr. Obama has moved rapidly since the November debacle to install business people where it counts most. Mr.William Daley from JP Morgan Chase as White House Chief of Staff. Mr. Gene Sperling from the Goldman Sachs payroll to be director of the National Economic Council. Eileen Rominger from Goldman Sachs named director of the SEC’s Investment Management division. Even the National Security Advisor, Thomas Donilon, was executive vice president for law and policy at the disgraced Fannie Mae after serving as a corporate lobbyist with O’Melveny & Roberts. The keystone of the business friendly team was put in place on Friday. General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the president’s Council on Jobs and Competitiveness.#4 Occupy Wall Street says that it is deeply concerned about the rampant corruption in our financial system.
The Federal Reserve is the very heart and soul of our financial system, and yet there has been very little real criticism of the Fed by Occupy Wall Street protesters.
If Occupy Wall Street truly wanted to do something about our financial system they would be calling for the Federal Reserve to be shut down.
But their hero, Barack Obama, actually nominated Ben Bernanke for a second term as Federal Reserve Chairman and Obama continues to support him 100 percent even after a horrible track record of failures that is legendary. (CONTINUE READING)