Lanx Satura [Sat-ahyuhr]: Tea Party Begins Day 1,000 of “Pacify Wall Street”
by Pete Nicely
Some might think that the dozens of Occupy Wall Street protests that have sprung up in cities across the country indicate that Wall Street doesn’t have any friends. On the contrary: Wall Street still has a friend—about 67,000 friends, actually. The Tea Party.
Since January 20, 2009, while our economy bled nearly 1,000,000 jobs a month, the Tea Party has known exactly who to blame: Anyone But Wall Street.
While people all over the world have risen up to protest the trillions of dollars that corporations and that Americans in the top 1 percent have accumulated off the backs of Americans since the Bush financial crisis, Tea Partiers have become even more steadfast in their support of the big banks.
“I don’t blame Wall Street,” says Evan Evans, Tea Party organizer and founder of PacifyWallStreet.com. “I work four jobs, have a house worth less than I bought it, and pay more for health insurance than I would to lease three Corvettes. But why would I blame Wall Street? Pointing fingers is exactly what the government, unions, immigrants and Muslims want me to do.”
For 1000 days, the Tea Party movement has known exactly who should be blamed for our current problems—President Obama. For instance, the 2009 federal budget set a record for the largest deficit in U.S. at 1.41 trillion. That was actually George W. Bush’s budget, but Barack Obama was the President when that money was spent. So there you have it.
“We are the 46 percent,” writes Evans on his latest Koch Industries-funded Tumblr blog, “We are the 46 percent so suck it poor people.”
From the site: “We are the 46 percent of America that voted Republican even after eight years Bush/Cheney. We are the 46 percent that thinks that one solar company going bankrupt is worse than losing—yes, actually misplacing—$6 billion in a country that we never should have invaded. We are the 46 percent who blame poor people for taking loans they couldn’t afford and the federal government for backing up those loans—even though private lenders approved each and every loan, and Wall Street banks and their bankers made billions by these bundling mortgages.”
Nobody has to ask what the Tea Party wants when it comes to Wall Street. Nothing. Nada. Zero. Especially, no new regulations.
“Some say that this crisis was made inevitable when the Gramm-Leach-Bliley Act repealed Glass-Steagall and allowed banks, insurers and investment houses to merge,” says Evans. “Some say that not restoring Glass Steagall, which was passed in the Depression to prevent more depressions, is like sending up another Space Shuttle with the same o-rings the Challenger had. I call those people socialists, and then they get embarrassed. Because even after capitalists cost us $8 trillion and 15 million jobs, ‘socialist’ is still a four-letter word, well, plus or minus six letters.”
But wasn’t the Tea Party against bailouts? So why didn’t the Tea Party rise up in the fall of 2008? Because if you remember what sparked the Tea Party movement, it wasn’t the attempt to bail out Wall Street. It was an attempt to bail out Main Street.
CNBC Business News editor Rick Santelli blasted a program that would help homeowners who were underwater on their mortgages. “Do we really want to subsidize the losers’ mortgages?” he asked.
NEVER. The Tea Party only supports winners like Sarah Palin, Wall Street and Herman Cain.
“Nobody knows what those Occupy idiots want. It’s the clarity of what the Tea Party wants that makes us so strong,” says Evans. “Everyone knows what the we want. We’re clearer than Newt Gingrich asking for a divorce at your hospital bed.”
The Tea Party wants smaller government. Okay, there are 500,000 less government workers since President Obama took office. Yeah, but still…
The Tea Party wants lower taxes. Okay, President Obama has cut taxes more than Bush and taxes are at a 50-year low. Yeah, but still…
The Tea Party wants to cut the deficit. Okay, the deficit is almost entirely the result of the Bush tax breaks, two unfunded wars and a financial crisis that Bush couldn’t prevent. Why hasn’t Obama even tried to go back in time to reverse these things!
The Tea Party wants to reform entitlements. But when President Obama cut half a trillion of waste out of Medicare they wanted to cut off his government hands and send them back to Kenya.
“But really,” says Evans. “You know what the Tea Party wants. We want the black guy out of the White House. And to get that, we’re going to need lots and lots of help from Wall Street.”
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Short URL: http://www.a2politico.com/?p=10827
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Interesting perspective, Joe. However, you’re a bit off base. According to the New York Times, Obama is hardly the sweetheart of Wall Street. At least not anymore.
It is no secret that the relationship between President Obama and Wall Street has chilled. A striking measure of that is the latest campaign finance reports.
Mitt Romney has raised far more money than Mr. Obama this year from the firms that have been among Wall Street’s top sources of donations for the two candidates.
That gap underscores the growing alienation from Mr. Obama among many rank-and-file financial professionals and Mr. Romney’s aggressive and successful efforts to woo them.
[...]
Since this spring, Mr. Romney has raised $1.5 million from employees of firms like Morgan Stanley; Highbridge Capital Management, a hedge fund; and Blackstone, a private equity firm. Mr. Obama has raised just over $270,000 from firms that were among his leading sources of campaign cash in 2008.
Employees of Goldman Sachs, who in the 2008 campaign gave Mr. Obama over $1 million — more than donors from any other private employer in the country — have given him about $45,000 this year. Mr. Romney has raised about $350,000 from the firm’s employees.
Link: http://is.gd/9JyJFa
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@Chris: Cain, Herman Cain. Romney is one of the white guys, Herman
Cain is black. Herman Cain has lived the ultimate American dream.
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@Chris Looks like Obama is blowing them away with Wall Street
donations now: http://www.upi.com/Top_News/US/2011/10/19/Obama-pulling-in-Wall-Street-donations/UPI-18421319065415/?spt=hs&or=tn
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Hidden due to low comment rating. Click here to see.
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I love the fact that there are less jobs now
Yes you do. And that is why people wonder what’s wrong with you.
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