Jeff  Carter

I took a look at the Occupy Wall Street website and tried to draw some conclusions.

I have a few questions : Why is the media so persistent in it’s coverage of this when they didn’t cover the Tea Party at all? When they did cover the Tea Party, they smeared them as racists. Why aren’t they smearing the Occupy crowd as communists? After all, that’s what they are. They are calling for the end of capitalism, aren’t they?

The more I learn about the movement, the more I see it as a campaign strategy by Democrats to break up the Tea Party.

Let’s look at the first “voted on” document to come out of OWS, see where you stand.

1. Taken our houses through illegal foreclosure process… This refers to the robosigning banks did on paperwork to go through foreclosures. They were forced to do this by the government agencies. Banks didn’t follow the rules. But, we bailed them out. We’d have been better off letting them go broke and following years of bankruptcy precedent. Now OWS wants us to put our full faith that if their ideals controlled the government, we’d be better off. Out number one.

2. They have taken bailouts with impunity….Actually, some banks were forced by the US Treasury to take bailout money. Much of it has been paid back. Banks aren’t lending, but then Dodd-Frank and other issues are causing them to avoid risk. Government ought to simply stay out of the micro decisions of banking altogether. Two out, nobody on.

3. Perpetuated inequality in the workplace…This is so blatantly false I don’t know where to begin. The head of Merrill Lynch was black. Their boards have all genders and races represented…..Three out, inning over.

4. Corporations have poisoned the food supply….No need to delve into this heavily. If the FDA had a lighter touch, we’d have more choice. OWS wants an even heavier hand of government. One out…

Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.

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