We decided to take a better look at President Obama’s recent support for the “Occupy” movements.
In a strange measure of support (and an even stranger call with major city mayors) our Chief Executive seems to be siding with those that are directing their anger at banks and corporations.
“I think it expresses the frustrations that the American people feel,” the president said of the NYC demonstration, which began in mid-September and spread to cities throughout the nation. “People are frustrated and the protesters are giving voice to a more broad-based frustration about how our financial system works.”
“Americans understand that not everybody has been following the rules,” he said, according to The New York Times. “These days a lot of folks that are doing the right thing aren’t rewarded, and a lot of folks who aren’t doing the right thing are rewarded.”
Could there be something behind Obama’s recent empathy?
First let’s examine some of the “demands” of the “Occupy” movement.
- Jobs: Yes they want jobs, this is reasonable
- Stop Foreclosures: Again, with all the recent pain, this seems reasonable
- Make Banks and Corporations pay for these by spending the trillions of dollars they have in reserve….
What? Of course, this last demand is ridiculous on the face of it. Making Apple pay for infrastructure work nationwide, or making the banks absorb all the mortgages losses (after following Freddie and Fannie’s guidelines) will never fly. Aside from being illegal, morally wrong, and unethical, why is our President supporting this?
To understand the dynamics, we need to look at who sided up with the “Occupy” movements in September and early October.
- AFL CIO – 12.2 million members
- SEIU Service Employees International Union – 2.1 Million Members
- CWA Communications Workers of America – 700,000 members
- UAW – 390,000 members
- Transport Workers Union – 40,000 members
- and on and on and on
It’s All A Union Money Grab
You got it. As union support grew as a method of pressuring the administration on jobs spending, Obama softened his stance. But don’t be fooled by the words, it’s all about the money and all about taking your money.
There is no way that corporations and banks will be made to pay for mortgages and infrastructure redevelopment. It just won’t happen. So why promote instability and social outcry with no way of funding what they want?
It’s Your Money They Are After
The only way to fund the trillions of dollars in infrastructure and mortgage relief is for the federal government to finance it. The “Occupy” movement is a smokescreen for another enormous federal stimulus program, promoted as a “jobs and mortgage relief effort,” with borrowed taxpayer money.
The Obama administration sees the “Occupy” instability and unrest as a way of “pressuring” congressional leaders to support another vaguely disguised stimulus program.
Just In Time For The Election
Of course, such a massive stimulus would temporarily stimulate the economy just in time for the 2012 election. The fact that it adds to our crushing national debt, causes inflation, and vanishes in a year is not considered.
The re-election of President Obama would then represent the largest public transfer of wealth from the American people through our workers and into the pockets of worker’s unions.
A Dangerous Game
The one thing that the administration needs to recognize is that instability, social outcry, and turmoil are difficult things to control and direct once they gain momentum.
Just ask the British.
