When President Obama was asked if he was following the movement on Wall Street, he was also asked what he thought of the people involved in it (editor’s note – that would be the smelly people who are urinating on the park trees, running around half-naked, and demanding the overthrow of the U.S. government. They are members of the Marxist Global Revolution who seek the downfall of the U.S. Government.)
Obama said, “Obviously I’ve heard of it. I’ve seen it on television (editor’s note, uh, duh his advisors didn’t mention it, he had to see it on TV? He puts a whole new meaning to the word, “disingenuous”), I think it expresses the frustrations that the American people feel — that we had the biggest financial crisis since the Great Depression, huge collateral damage all throughout the country, all across Main Street, and yet you’re still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into this problem in the first place.
So, yes, I think people are frustrated (editor’s note – I’m frustrated with his phony gibberish), and the protestors are giving voice to a more broad-based frustration about how our financial system works. Now, keep in mind I have said before and I will continue to repeat, we have to have a strong, effective financial sector in order for us to grow.
And I used up a lot of political capital, and I’ve got the dings and bruises to prove it (editors’ note – ah, you poor little narcissist), in order to make sure that we prevented a financial meltdown, and that banks stayed afloat. And that was the right thing to do, because had we seen a financial collapse then the damage to the American economy would have been even worse (editor’s note – love how he twists his failures into a self-sacrificing gift of brilliant magnificence to the American people. Not for nothing, but the TARP was Bush’s doing. And where’s all this success he claims?).
But what I’ve also said is that for us to have a healthy financial system, that requires that banks and other financial institutions compete on the basis of the best service and the best products and the best price, and it can’t be competing on the basis of hidden fees, deceptive practices, or derivative cocktails that nobody understands and that expose the entire economy to enormous risks.
That’s what Dodd-Frank was designed to do (editor’s note – that’s the bill that criminalizes mistakes on quarterly earnings sheets, and charges yet another 1% tax on every single transaction. It’s also the bill that is killing off the smaller banks so all that’s left are the big banks that are too big to fail). It was designed to make sure that …”
Okay that’s all I can quote from today’s Elmer Gantry speech, without having my barf bag nearby.
Now let’s go to quotes about the tea party. (editor’s note – Frankly, I think the Tea Party represents middle America a lot more than these Anarchist dopes on Wall Street.) The Tea Party has been accused of being anti-government, when, in actuality, they are pro-government, they just don’t want a big, fat Socialist government.
Back in 2009 – Obama, when asked about fiscal discipline and entitlements reform, Obama seemed to be repressing a smile as he jabbed critics of his spending plans.“Those of you who are watching certain news channels on which I’m not very popular, and you see folks waving tea bags around, Obama said, “let me just remind them that I am happy to have a serious conversation about how we are going to cut our health care costs down over the long term, how we are going to stabilize Social Security…But,” Obama continued, “let’s not play games and pretend that the reason [for the deficit] is because of the Recovery Act.”
Here’s another Obama quote from 2009, when he was asked what he thought about the Tea Party, which everyone heard about by this time – “The White House says the president is unaware of the tea parties and will hold his own event today,” ABC’s Dan Harris said on “Good Morning America” on April 15. (editor’s note – I guess Obama wasn’t watching TV in those days)
Then there is this from Axelrod, Obama’s alter ego – On the Sunday morning talk show, “Face the Nation,” a senior adviser to President Obama, David Axelrod, said the tea parties organized April 15 to protest massive government spending could “mutate into something that’s unhealthy.”
And then there’s this racism accusation from a dinner on May, 2011 – Obama told guests at a private White House dinner that race was probably a key component in the rising opposition to his presidency from conservatives, especially right-wing activists in the anti-incumbent “Tea Party” movement that was then surging across the country. Many middle-class and working-class whites felt aggrieved and resentful that the federal government was helping other groups, including bankers, automakers, irresponsible people who had defaulted on their mortgages, and the poor, but wasn’t helping them nearly enough, he said.
A guest suggested that when Tea Party activists said they wanted to “take back” their country, their real motivation was to stir up anger and anxiety at having a black president, and Obama didn’t dispute the idea. He agreed that there was a “subterranean agenda” in the anti-Obama movement — a racially biased one — that was unfortunate. But he sadly conceded that there was little he could do about it. Read here: U.S. News and World Report
And, never to be outdone, during a press conference Thursday afternoon (10/6/11), House minority leader Nancy Pelosi praised those participating in the “Occupy Wall Street” protests. “God bless them,” Pelosi said, “for their spontaneity. It’s independent … it’s young, it’s spontaneous, and it’s focused (editor’s note – doesn’t she mean fascist?). And it’s going to be effective. The message of the protesters is a message for the establishment everyplace,” said the House Democrats’ leader. “No longer will the recklessness of some on Wall Street cause massive joblessness on Main Street.”
There’s a lot more from Obama, his wife, and numerous others, but you get the idea.