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President Obama said Thursday that the Occupy Wall Street protests show a “broad-based frustration” among Americans about how the U.S. financial system works. So? Obama is the smartest President in the history of our country…Is he saying something that is not obvious?
Speaking at an East Room news conference, Obama said he has monitored the movement, which has spread to dozens of cities nationwide. Good news! Obama is all over this movement huh?
“I think it expresses the frustrations the American people feel, that we had the biggest financial crisis since the Great Depression, huge collateral damage all throughout the country Yes, and Liberalism caused it!… and yet you’re still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place,” he said. Well this time Obama is right as rain. He, his administration and the democrats in congress are fighting all the reform efforts by the responsible members of the house and senate. It was the liberal government policies that lead to the housing bust. The “every American has a right to own a house” mentality lead to the feds demanding that banks loan money to those they otherwise would not have. People/loans that were risky were given government backed loans. Banks were told to make those loans because congress said they must or suffer the wrath and penalties of government. Government was behind those risky loans, not the banks! Understand this, the banks would not make those loans, government said they had to and to loan not just the sensible amount after a prudent down payment, but to loan up to 110% of the value of the home! AND…to make this loan to people who were at risk on not repaying the loan. Now, the government wants to blame the banks???
Does it make any sense to you? Banks are going under, government is spending tax money to bail them out, liberals complain about all the money the banks are making and protestors occupy wall street and demand that they give them jobs or raise their wages 2-3 times what they are now…SOMEONE is lying about this whole deal and blaming those you had no choice in the matter. Whatever happened to taking responsibility for your own actions? At least Ford motor company was able to refuse government intervention and they are doing just fine. Go figure.
So, more than 750 people being arrested in a dozen cities nationwide is just fine with President Obama, because their movement “expresses the frustrations” felt by the American people due to the financial crisis.
When it comes to the Tea Party, however, with one arrest out of millions of Americans who have gathered at hundreds of events, the president dismisses the movement as “extreme”, motivated by race, and bent on espousing views which are rejected by “a vast majority of Americans.”So if you violently protest the financial industry that is fine with Obama and his liberal buddies. If you gather to voice your disagree with government policy, you are extremist and racist. Talk about spin!
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