Poor, poor pitiful and put-upon Wall Street…

I remember a time back in the early days of the Tea Party movement — maybe you do too — when anger at Wall Street and its overweening influence on Washington formed a central part of its critique of the American political scene.

Somewhere along the line, however, that anger and discontent disappeared. I suspect it happened when big money came along to co-opt the movement for its own purposes, making it inconvenient to rail at those who were now paying the movement’s bills. But a lingering memory of that not-too-distant history came to mind this morning as I read a piece at Politico headlined “Wall Street’s vote: Romney by a landslide”.

The piece reports:

Mitt Romney’s presidential campaign and the super PAC supporting it are outraising Obama among financial-sector donors $37.1 million to $4.8 million.

Near the front of the pack are 19 Obama donors from 2008 who are giving big to Romney.

The 19 have already given $4.8 million to Romney’s presidential campaign and the super PAC supporting it through the end of April, according to a POLITICO analysis of Federal Election Commission filings. Four years ago, they gave Obama $213,700.

None of them has given a penny to the president’s reelection campaign or the super PAC supporting it.

None of that’s a surprise, of course. It’s been clear for quite a while that Wall Street money would weigh in heavily on behalf of Romney. But what I find more interesting is the sense of persecution that is apparently driving that decision.

For example, one of the donors quoted in the story is Ken Griffin, a Chicago hedge fund operator. Griffin is listed at No. 117 on the Forbes 400, with an estimated net worth of some $3 billion. Griffin has donated more than $1 million to Restore Our Future, the Romney SuperPAC, and another $1 million to American Crossroads, the SuperPAC run by Karl Rove. He has also contributed another $1.5 million to the supposedly grassroots “Americans for Prosperity” tea-party group heavily funded by the Koch brothers.

Recently, when asked in an interview with the Chicago Tribune whether the current system gives him and other deep-pocket contributors too much political influence, Griffin issued a strong no.

“I think they actually have an insufficient influence,” he said.

However, what really drew my attention was the explanation that Griffin offered Politico for his investment in politics:

“It is critical that the next president appreciates that America’s prosperity is driven by the innovation and hard work of the American worker, whose valiant efforts have, in recent years, been undermined by the oppressive weight of government intervention.”

I’d like to make three observations about that statement:

1.) Let me get this straight: Griffin is defending valiant American workers, the same workers whose jobs have been sent overseas and whose pension funds have been raided, the same workers who have been treated as so many disposable units of production by many on Wall Street? He’s doing it for the little people?

How touching.

2.) Griffin lives in and operates within a system that has rewarded him with riches and power far beyond any available in any previous era or in any other country. Yet somehow he has managed to convince himself that he and others like him are not being treated fairly and are somehow the oppressed victims in all this. In interviews, he has painted this country as a place that penalizes success and this economy as hogtied by regulation, oblivious to the fact that the best rebuttal to that argument is his own enormous wealth.

3.) “The oppressive weight of government intervention” that he complains about in fact saved the ungrateful Mr. Griffin and his $3 billion fortune at a time when massive irresponsibility within his industry threatened to bring the global financial structure tumbling down into a smoking ruin.

Griffin has said that his company took no direct money from the Wall Street bailout, and I’m sure that’s true. However, it is equally true that without the injection of $700 billion in taxpayer money through TARP, and without the direct, repeated, ongoing and massive intervention of the Federal Reserve, the market collapse of 2008 would have been impossible to halt and then later reverse, and much of his fortune would have disappeared.

As it was, Griffin’s reported net worth fell from an estimated $3.7 billion in October 2008 to $1.5 billion just six months later. And while I suspect that he likes to credit himself, the bold entrepreneur, for executing a turnaround in his fortunes, any contribution that he may have made through his no-doubt considerable intelligence and hard work was insignificant compared to the impact of TARP, QE 1, QE 2 and other interventions by the federal government.

I am sorry if Mr. Griffin feels unappreciated. It is unfortunate that he sees so many frustrating obstacles placed between himself and true success, whatever he deems that might be. It is regrettable that he believes he has less influence over American affairs than by right ought to have.

On the other hand, I know a lot of people who feel unappreciated, frustrated and unheard these days. And I think their reasons are better than his.

– Jay Bookman

582 comments Add your comment

East Lake Ira

June 13th, 2012
1:48 pm

Oh the huge manatee!

cloudodust

June 13th, 2012
1:49 pm

I worry not. The ‘Man’ says the private sector is doing fine.

Normal Free...Pro Human Rights Thug...And liking it!

June 13th, 2012
1:49 pm

To paraphrase Ronnie,

“Mr. Obama, tear down that Wall…Street!

getalife

June 13th, 2012
2:00 pm

The pee party lies about taking on the gop establishment.

They are spending like nothing changed.

cons are easily punked.

The cry don’t tread on me but happily pee in a cup and give it to government.

barking frog

June 13th, 2012
2:01 pm

Wall Street speculation has
has been the cause of all our
country’s financial crises, and nothing has changed.
Insanity.

stands for decibels

June 13th, 2012
2:03 pm

I am sorry if Mr. Griffin feels unappreciated.

that makes one of us.

getalife

June 13th, 2012
2:03 pm

frog,

Insanity is voting gop and expecting a different result.

They will show you a real depression next time.

King of Everything

June 13th, 2012
2:04 pm

If you repeat a lie enough times, you’ll start to believe it. That doesn’t make it true. I wonder if he really earned his riches too, or he just picked the right parents like Willard did.

getalife

June 13th, 2012
2:06 pm

BTW, they expect a huge return on those unlimited donations.

We lost the class war and now will suffer the consequences.

You have not seen corruption yet.

Huge scandals are coming.

The BOTH suck

June 13th, 2012
2:08 pm

Jay

Did you catch Newt’s comments on how elections set up in favor of the wealthy?

Seems to be crying on his part because he wasn’t able to attract enough large donors, however he makes a point regardless of whether it is D or R.

Redneck Convert (R--and proud of it)

June 13th, 2012
2:11 pm

Well, Wall Street is hurting and all I know is it must be the fault of that blasted CRA and all the libruls that hate the job creators.

Anyhow, looks like I done shot my wad so I reckon I’ll just let the Norman Einsteins on here figure the rest of it out. Have a good p.m. everybody.

WTF?

June 13th, 2012
2:11 pm

Jay, grow up you little twit.

Joe Hussein Mama

June 13th, 2012
2:16 pm

Jay — “Griffin has said that his company took no direct money from the Wall Street bailout”

This is as disingenuous a statement as they come. Griffin’s company was no doubt a counterparty to many trades with outfits that *did* take bailout money. Without that money, Griffin’s company would have gone Tango Uniform and his personal wealth would have been even further eroded.

I don’t make it a practice to wish harm or misfortune on anyone, but if Griffin should happen to fall down a few flights of stairs, I can’t see myself shedding any tears over that.

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

June 13th, 2012
2:16 pm

voter fraud!

illegals voting!! (even though they are terrified of getting deported, they are lining up to vote!!!)

Jm

June 13th, 2012
2:16 pm

1- yep perfectly valid view for griffin to have
2- false. The vanderbilts, Carnegie’s, morgan’s, and Rockefeller’s had far far more power
3-valid point

But that shouldn’t be cause for griffin to not support who he thinks the best candidate is

Jm

June 13th, 2012
2:18 pm

“the private sector is doing fine”

Uh-huh

Thulsa Doom

June 13th, 2012
2:19 pm

Its odd but there was no mention of the head of Blackstone the largest private equity firm in the U.S. The same firm whose boss recently held a $35,000 a plate dinner fundraiser for Obama. Selective outrage I suppose. I wonder how much Goldman Sachs, Obama’s no. 1 contributor 4 years ago, gave this time.

Bruno

June 13th, 2012
2:20 pm

Jay–You can keep spinning things and looking for pinatas like Griffin to beat upon, but the fact remains that unless we get our debt under control, we’re all going down, with no easy way back. Though it seems important to you to continue to demonize the high earners, the fact remains that Griffin’s salary has nothing to do with my station in life–or yours–and even less to do with the financial health of our nation as a whole.

But keep up the good work with the distractions. As I stated last night, I firmly believe that Obama’s days are numbered, that his celeb wannabe schtick has worn thin with the American public. And while Romney is far, far from a perfect candidate, I think he has a little better handle on the gravity of our debt situation. Now, if Romney and Congress continue with the 3.5 Trillion dollar budgets, then I’ve got a big plate of crow to eat on this blog. Until then, my money’s on Romney.

The BOTH suck

June 13th, 2012
2:21 pm

Jm

Aren’t a Newt guy? I could be wrong, but thought he was your man early on.

jeffrey

June 13th, 2012
2:21 pm

I don’t get it. He still has his tax cuts. Anyone running a corp,hedgefund or even small business can’t say they are in fear of regulatory uncertainty. It’s a lie. Were supposed to believe they know the free market and earn high salaries but are afraid of this bogeyman. Please they can’t have it all.

Paul

June 13th, 2012
2:23 pm

The oppressive weight of government regulations?

Like those capping his tax on his earnings at 15%? Those oppressive regulations?

There is, frankly, one thing that amazes me more than his comments.

It’s those on the Right, many upside down on their homes, many whose retirements and savings have not recovered as well as Griffin’s, many out of work or earning significantly less than a few years ago, who will raise their fists and their signs and yell”Yes! He’s right! Elect Republicans and get that socialist Obama out and let’s get back where we were!”

They don’t even remember where they were in late 2008.

Thulsa Doom

June 13th, 2012
2:24 pm

“the private sector is doing fine”

Hell why stop there. The private sector is doing super duper, just dandy.

Bruno

June 13th, 2012
2:24 pm

Its odd but there was no mention of the head of Blackstone the largest private equity firm in the U.S. The same firm whose boss recently held a $35,000 a plate dinner fundraiser for Obama. Selective outrage I suppose. I wonder how much Goldman Sachs, Obama’s no. 1 contributor 4 years ago, gave this time.

To be honest, TD, I’m a little surprised that Jay didn’t do a lead-in story about Romney’s supposed impersonation of a cop in his younger days. Those type of non-stories are the only thing keeping the Libs going these days.

Grasshopper

June 13th, 2012
2:24 pm

Where was the outrage against Wall Street when they handing Obama gobs of cash?

And it really shouldn’t matter. After all:

“The private sector is doing just fine.” – BO, June 8, 2012

Jm

June 13th, 2012
2:25 pm

Tbs no way dude

Romney all the way

If Mitch Daniels had run, I wouldve backed him though

Jefferson

June 13th, 2012
2:25 pm

Proof that just because you have money it does not mean you have brains.

stands for decibels

June 13th, 2012
2:27 pm

You know what this thread needs?

More online conservatives quoting that “private sector” line.

(Oh, and Greece. Can’t forget Greece. Heavens to Betsy. We’re gonna be Greece.)

Thulsa Doom

June 13th, 2012
2:27 pm

Bruno,

Romney’s college cop pranking? How do you know that won’t be this evening’s thread?

I have to admit though that was hilarious last night that Kamchek thought that Romney’s college cop pranking would be a major scandal. Desperation I guess. If you can’t talk about the economy….

The BOTH suck

June 13th, 2012
2:28 pm

Bruno

Time will tell about spending, however Romney is already on record stating that he will not be proposing any large cuts while the economy is “shaky”

He might have a little more Keynesian in him than some of his backers know or care to admit.

But to your overall point, yes spending must come down

Thulsa Doom

June 13th, 2012
2:28 pm

“Proof that just because you have money it does not mean you have brains.”

Couldn’t agree more. I’m certain the man got to be a billionaire by being stupid.

Joseph

June 13th, 2012
2:28 pm

Its been over 1000 days since the Senate passed a budget…..

mm

June 13th, 2012
2:29 pm

“the private sector is doing fine”

Why don’t you children grow up?

“but the fact remains that unless we get our debt under control, we’re all going down, with no easy way back”

Tell that to the GOP. They want to cut the hell out of spending, then turn around and blow that money on tax cuts instead of paying down the debt. And you gullable cons still vote for these con men. Wakeup. If the GOP takes the White House, you will never hear another word about deficits or the debt. Mark my word. History backs me up. Better put some gravy on that crow.

mm

June 13th, 2012
2:29 pm

“Its been over 1000 days since the Senate passed a budget…..”

Thanks GOP.

Jm

June 13th, 2012
2:29 pm

“Anyone running a corp,hedgefund or even small business can’t say they are in fear of regulatory uncertainty.”

Wrong, for starters there are huge changes in tax rates next year that are already causing huge disruptions

Check out the wind industry for starters

mm

June 13th, 2012
2:30 pm

“I’m certain the man got to be a billionaire by being stupid.”

No, just greedy.

Joseph

June 13th, 2012
2:31 pm

So in other words as long as Obama is reaping funds from Wall St it’s ok but if Romney gets it its hypocritical….

Joseph

June 13th, 2012
2:31 pm

mm:

Dems control the Senate… Research please…

stands for decibels

June 13th, 2012
2:32 pm

last night that Kamchek thought that Romney’s college cop pranking would be a major scandal

He didn’t, actually, but it doesn’t exactly surprise me that you didn’t get his rather broad bit of sarcasm.

Oh, and speaking of not getting things? Thanks for bolstering my Unified Theory of Economic Wanktardery downstairs.

I gotta think about Greece. Because I never have before! Then all will be clear!

Still chuckling over that.

Jm

June 13th, 2012
2:32 pm

mm

June 13th, 2012
2:33 pm

“I have to admit though that was hilarious last night that Kamchek thought that Romney’s college cop pranking would be a major scandal. ”

Not as long as the rightwing media ignores Romney’s lies and scandals.

Legalize It

June 13th, 2012
2:33 pm

Mr. Griffin is absolutely correct. Take the meat-packing industry, for example. If the unions and OSHA would simply get out of the way we’d unleash a creative flood of entrepreneurial spirit, the result of which would be new and innovative ways to contaminate ground beef, a plethora of exciting and tasty meat by-products, as well as unimaginable new ways in which our intrepid meat-packing heroes could injure themselves. Makes me want to pig-out on some pink slime. Yum!!!

mm

June 13th, 2012
2:35 pm

“Dems control the Senate… Research please…”

Joseph, I’m sick and tired of you righties spouting that BS. You know damn well the repugs have filibustered everything for 4 years. As I said, grow up. Or educate yourself.

221 more days

June 13th, 2012
2:35 pm

Sounds to me the Dems are pizzed off cause their team isn’t rasing as much money as their oponent is,
Nah, that couldn’t be…..could it?

Bruno

June 13th, 2012
2:35 pm

From below:

I believe Joseph knows the correct answer and info. However for him to admit that spending is approved via appropriation bills in the House, which is controlled by Republicans, he would be admitting that his party shares in the blame with Obama in terms of spending.

TBS–I hope it doesn’t come as a shock to you, but I’m not satisfied with anyone in Washington right now, of either political stripe. We need to get our financial house in order, period. Every other issue is secondary at this point, and by a huge margin. But, unless we all keep our focus on what’s most important, we’re not going to demand that those in charge do what’s necessary.

My criticism of Obama’s “leadership” is based upon his constant division of our country into Villains and Victims, and based upon is willingness to grant “special favors” to the various splintered groups. To climb out of this financial mess is going to require shared sacrifice, which no one is willing to do as long as they think they can curry favor with the guy at the top.

Jm

June 13th, 2012
2:36 pm

Cut 1% of GDP from Federal spending evry year for four years, and we’ll be fine

Would be good to get spending down to 15% though

Thulsa Doom

June 13th, 2012
2:36 pm

“the private sector is doing fine”

Why don’t you children grow up?- mm

And this has been another segment of “When liberals don’t like what Obama says”.

0311/8541/5811/1811/1801

June 13th, 2012
2:37 pm

WEALTH ENVY !!!

0311/8541/5811/1811/1801

June 13th, 2012
2:37 pm

Thulsa:

I’ll even add a couple:

1) To the American electorate: “If I don’t have this done in three years, then there’s going to be a one-term proposition.”

2) Please pass to Vladimir: “After the election I’ll have more flexibility.”

3) To the American people: “The private sector is doing just fine.”

BINGO !

0311/8541/5811/1811/1801

June 13th, 2012
2:38 pm

“The White House hasn’t had this much leakin’ since Billy Carter watered the Rose Garden !”

Rush Limbaugh

Jm

June 13th, 2012
2:38 pm

Pink slime is legal dimwit

Better for the consumer to vote on it than the government

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

June 13th, 2012
2:39 pm

Want to see America turn into Greece? Vote Republican.

No tax collection + lots of spending = Greece

Lower taxes + increased spending = USA under Republican control

carlosgvv

June 13th, 2012
2:40 pm

Before there was any “government intervention”, we had the following:

1. 6 day work weeks
2. 12 to 16 hour work days
3. No overtime pay
4. No paid vacations
5. No employer participation in health insurance
6. No paid holidays
7. Child labor, some as young a six.
8. Patent medicines (snake oil)
9. Unsafe and tainted foodstuffs.

Ah yes, those were the days. Big Business looks back on this period as the “good old days”. Now, with their bought and paid for Republicans, they stand a frightening chance of getting a 21st century version of these past times.

stands for decibels

June 13th, 2012
2:40 pm

Pink slime is people.

Thulsa Doom

June 13th, 2012
2:40 pm

“Not as long as the rightwing media ignores Romney’s lies and scandals.”-mm

Looks like mm caught us red handed- the vast right wing conspiracy nabbed yet again.

stands for decibels

June 13th, 2012
2:40 pm

his constant division of our country into Villains and Victims

Interesting. Did Obama ever say anything even remotely akin to “Either you are with us, or you are with the terrorists”?

Because the last guy set that whole “division” bar thing you’re writing about kind of high, is why I’m asking.

Mick

June 13th, 2012
2:40 pm

doom

Glad you are here, please read this and get back to me about the debt, .here’s a teaser:

“In this sense, the GOP’s rhetorical fixation on deficits these past few years has really just been another way of blaming Obama for the economy. But like the economy itself, the current level of debt has a lot more to do with what Obama inherited than anything he’s been able to do as president. The Bush tax cuts, the wars in Iraq and Afghanistan, the 2003 Medicare prescription drug law, and the revenue-sapping effects of the Great Recession are the real culprits in the “prairie fire of debt” that Romney and the GOP accuse Obama of starting.”

http://www.salon.com/2012/06/13/obamas_steak_and_martini_strategy/

josef

June 13th, 2012
2:42 pm

He gave how much to whom? And we wonder why folks are p’o'd…I know a million doesn’t buy as much as it used to, but jeeeeze…

********************

Memo’s out…we’re supposed to be talking Holder and Fast and Furious…

The BOTH suck

June 13th, 2012
2:42 pm

Bruno

No shock to me. You have never read where I gave either Party a ringing endorsement. I lean left but have no illusions that Democrats govern any better than Repubs.

I was just replying to your comment that you thought Romney might have better understanding of what to do with the debt or something along those lines.

Joe Hussein Mama

June 13th, 2012
2:42 pm

Bruno — “My criticism of Obama’s “leadership” is based upon his constant division of our country into Villains and Victims, and based upon is willingness to grant “special favors” to the various splintered groups.”

Speaking of divisiveness,

“You’re either with us or you’re with the terrorists.”

– President G. W. Bush

josef

June 13th, 2012
2:43 pm

I take it Joseph and Ben don’t know what “sheetz” means.

Bruno

June 13th, 2012
2:43 pm

Romney’s college cop pranking? How do you know that won’t be this evening’s thread?

TD–If Jay dares run this non-story, he might as well forget about getting any respect at all from me, either professionally or even personally. If I recall correctly, he already ran a column about Romney’s supposed bullying of another student while in HS. Which has about as much relevance as Obama’s heavy partying while in HS and college.

The BOTH suck

June 13th, 2012
2:44 pm

Jm

“pink slime”

I doubt Big Bizz who lobbied to make it legal, did any huge marketing campaigns when they started adding it to meet products. We see what has occurred when the consumer became aware of what it was.

mm

June 13th, 2012
2:44 pm

“Sounds to me the Dems are pizzed off cause their team isn’t rasing as much money as their oponent is,”

And who was whining a few weeks ago concerning the debunked lie that Obama was going to spend 1 billion dollars?

I believe we shall see the righties crying in November after THEY spent a billion dollars and lost the house, the senate, and the WH.

Why do you righties continue to think that this trickle down economics is going to work when it failed so miserably under you party’s reign of terror?

“My criticism of Obama’s “leadership” is based upon his constant division of our country into Villains and Victims”

To the GOP, anyone who is not a millionaire is the enemy. Have they ever passed a law that didn’t favor corporations or the rich over over the middle class (which you all are part of)?

That Black Guy

June 13th, 2012
2:44 pm

Jay, although I agree with most of your piece, that Tea Party swipe at the beginning was uncalled for.

Grasshopper

June 13th, 2012
2:44 pm

““the private sector is doing fine”

Why don’t you children grow up?”

What is so childish about quoting Dear Leaders own words?

stands for decibels

June 13th, 2012
2:46 pm

Jeez, JHM @ 2.42, ix-nay on the errorists-tay ote-quay…

Paul

June 13th, 2012
2:46 pm

Jm

“Cut 1% of GDP from Federal spending evry year for four years, and we’ll be fine”

And what programs, specifically, would you cut?

(”unleash America’s entreprenurial spirit!!!!” does not count as a program)

Matti

June 13th, 2012
2:46 pm

Yet somehow he has managed to convince himself that he and others like him are not being treated fairly and are somehow the oppressed victims in all this. In interviews, he has painted this country as a place that penalizes success and this economy as hogtied by regulation, oblivious to the fact that the best rebuttal to that argument is his own enormous wealth.

These people need to shove their “victim” cards up their behinds, and I hope it makes them bleed.

Grasshopper

June 13th, 2012
2:47 pm

“Before there was any “government intervention”, we had the following:

1. 6 day work weeks
2. 12 to 16 hour work days
3. No overtime pay
4. No paid vacations
5. No employer participation in health insurance
6. No paid holidays
7. Child labor, some as young a six.
8. Patent medicines (snake oil)
9. Unsafe and tainted foodstuffs.”

Thanks for the trip down the 19th century memory lane Carlos. But as Janet sang , “What Have You Done for Me Lately?”

stands for decibels

June 13th, 2012
2:48 pm

that Tea Party swipe at the beginning was uncalled for.

Is it really? when was the last time you hear Tea Partiers complaining about Wall Street influence?

not being snarky, I’d just like to know. It seems to me that TPers fret overmuch about being mistaken for OWSers when they acknowledge some similar concerns, these days.

Paul

June 13th, 2012
2:48 pm

josef

“I take it Joseph and Ben don’t know what “sheetz” means.”

There you libs go again, demonizing persistence -

josef

June 13th, 2012
2:49 pm

Ooops

I see Joseph IS here…I guess I need to play catch up before snippy…

stands for decibels

June 13th, 2012
2:49 pm

I take it Joseph and Ben don’t know what “sheetz” means.

shhhh.

Bruno

June 13th, 2012
2:50 pm

Speaking of divisiveness,

“You’re either with us or you’re with the terrorists.”

– President G. W. Bush

Joe and sfd–Though I’m not one to beat the nationalistic war drums, Bush’s statements came after the US suffered a terrorist attack on our own soil and are thus understandable. Most importantly, Bush’s “Us vs. Them” tactic at least invited the whole country to stand together against an outside threat. Very different from Obama’s strategy of Division From Within, under which we have NO chance to pull together to institute the shared sacrifice which will be required if we’re going to pull ourselves out of this sea of debt. As long as someone thinks they’re going to get more Cash for their Clunker, some kind of special assistance on their mortgage, or some kind of exemption because they are a union member, it’s going to remain “Me First, Me Only”.

mm

June 13th, 2012
2:51 pm

“What is so childish about quoting Dear Leaders own words?”

Romney: “I’m not worried about the poor”.

Are we even?

Jay

June 13th, 2012
2:51 pm

Just curious as to why you feel that way, TBG. It’s pretty clear that

1.) initially the tea-party directed a lot of anger at Wall Street, and that
2.) they now seem to have no problem with ever-closer ties between the GOP and the banksters.

So what explains that shift? I’m open to alternative explanations, but I don’t see one, especially given the dominance of Americans for Prosperity in the movement and how AFP is funded.

PM

June 13th, 2012
2:51 pm

our un-smart Republicans, at least many of the ones I know, would see this man’s claim, and simply beause it says things they aren’t quite able to grasp, think about and really consider, would simple BELIEVE IT. All in the name of “whatever” the Republican platform says. Those people, Republicans (I’m sorry, I know you don’t like mean talk like this, Jay) are dumb. You can tell them anything. As long as it’s within their “republican” framework that they long-time ago accepted and embraced (don’t know why since very often they’re “takers), it’s a GO with them. Dumb. That’s what you call it. They’ll see this man’s words and they’ll accept that – on the surface – and, remem ber, they really don’t know how to go beyond the surface ’cause they can’t think….

Grasshopper

June 13th, 2012
2:51 pm

“Speaking of divisiveness,

“You’re either with us or you’re with the terrorists.”

– President G. W. Bush”

Well, that really is sort of true, isn’t it?

Adam

June 13th, 2012
2:52 pm

“The private sector is doing fine”

Just so you know, that line isn’t gaining any traction. Romney blew it by rebutting and sending his own gaffe to the world that let us all hear that his view of the message in Wisconsin was that we should fire more teachers, firefighters, and police.

Thulsa Doom

June 13th, 2012
2:52 pm

“the fact remains that Griffin’s salary has nothing to do with my station in life–or yours–and even less to do with the financial health of our nation as a whole.”

Bruno,

I believe you have touched on the most fallacious aspect of liberal economic thinking. Seems like we see this all the time. Many of them seem to be of the opinion that if someone got rich that they got rich at the expense of others. For example that Steve Jobs got rich by exploiting or taking advantage of consumers. The idea that both parties to a mutually beneficial transaction are better off seems alien to them. They think that someone- Jobs, Bill Gates, etc. just had to take advantage of or abuse consumers to arrive at their successful station in life as opposed to offering something for sell where both parties are mutually satisfied. We see it all the time on here.

josef

June 13th, 2012
2:53 pm

PAUL

He is that…and, yeah, before I forget, I saw downstairs where you addressed him using MY name…of course, I don’t think anybody’s going to confuse us, even if I can post nearly as fast and inane and off topic…

Mitt Romney

June 13th, 2012
2:53 pm

I’m not concerned about the poor. They have a safety net.

Verbal Kint

June 13th, 2012
2:53 pm

Romney leaps ahead in Wisconsin per Rasmussen polls. That’s gaining traction Adam.

Grasshopper

June 13th, 2012
2:54 pm

Complete the quote mm

“Taking in the full context of his remarks, as Mr. Romney urged reporters to do, his statement seems more benign: “I’m not concerned about the very poor. We have a safety net there. If it needs a repair, I’ll fix it. I’m not concerned about the very rich; they’re doing just fine.” He is most concerned about the middle class, he said.”

http://www.nytimes.com/2012/02/02/us/politics/poor-quote-by-romney-seized-on-by-his-critics.html

Adam

June 13th, 2012
2:54 pm

But as Janet sang , “What Have You Done for Me Lately?”

Kept those laws that protect workers from being rolled back.

Unions say: You’re welcome.

Adam

June 13th, 2012
2:54 pm

Romney leaps ahead in Wisconsin per Rasmussen polls. That’s gaining traction Adam.

And you can draw a direct line between that and what the President said that the media jumped on?

curious

June 13th, 2012
2:55 pm

Don’t know about everybody else, but Ken Griffin doesn’t seem to be suffering much at all.

josef

June 13th, 2012
2:55 pm

IMAM

‘So what explains that shift?”

Money, honey. Slap a few bills my way and I’ll sing your tune, too…

0311/8541/5811/1811/1801

June 13th, 2012
2:56 pm

carlosgvv:

My Dad used to work in a non-union coal mine and I used to work for a union railroad.

““Before there was any “government intervention”, we had the following:”

Now that we have EEO, OSHA and a myriad of other alphabet agencies and hundreds of thousands of local, state and federal regulations …………….. we DON’T NEED UNIONS.

Jefferson

June 13th, 2012
2:56 pm

No brains or crooked folk give money to politicians.

Grasshopper

June 13th, 2012
2:56 pm

“Don’t know about everybody else, but Ken Griffin doesn’t seem to be suffering much at all.”

You mean because he is not on food stamps like the rest of Obama’s lieberal base?

Thomas

June 13th, 2012
2:56 pm

Great- back to being pathetic wanna be national guy-

Let’s see going through the Bookie ops from 2008 and seeing his outrage and Obama top donors- Goldman Sachs, JP Morgan, Citigroup, UBS, GE, Morgan Stanley……..

I will get back to you when I find it.

Local Jay- I can learn more from the hot dog vendor on national issues- and get a damn good hot dog.

Jm

June 13th, 2012
2:57 pm

“stands for decibels
June 13th, 2012
2:40 pm

Pink slime is people.”

I rate this half true :) u r what u eat :)

Paul we’ve been over this

I’d cut military spending by 1/4
I’d cut Medicare
I’d dial back unemployment benefits over 4 years back to 13 weeks
I’d cut a fair amount of discretionary
I’d reform Medicaid

That can likely get you 4% of GDP worth of spending

And if not, I’d keep chopping here and there

The government is like an overgrown weed

Needs pruning

Bruno

June 13th, 2012
2:57 pm

Jay, although I agree with most of your piece, that Tea Party swipe at the beginning was uncalled for.

TBG–Love them or hate them, at least the TPers get things done. I’m still waiting for the first tangible result to come out of the OWS whining other than millions and millions of precious tax dollars flushed down the drain spent on police overtime. As far as I’m concerned, the only thing the OWSers do is give a voice to the moochers and the losers of the world.

Mick

June 13th, 2012
2:59 pm

1811

Base your whole union experience on the railroad? That’s not exactly the whole enchilada. Ever work on a high rise building with union skilled labor? Ever see all the good things OSHA has done to save lives? You paint with a very wide brush indeed…

0311/8541/5811/1811/1801

June 13th, 2012
2:59 pm

And speaking of Wall Street ……. here’s the Journal:

“Laffer and Moore: Obama’s Real Spending Record”

http://online.wsj.com/article/SB10001424052702303753904577450910257188398.html?mod=googlenews_wsj

Mitt Romney's Economic Plan

June 13th, 2012
2:59 pm

It Didn’t Work Then, It Won’t Work Now

http://www.youtube.com/watch?v=9ZmHiznewM8

Jm

June 13th, 2012
2:59 pm

“banksters”

Jay is a card carrying member of OWS now.

:)

Matti

June 13th, 2012
3:00 pm

Selecting well-heeled parents from beyond the womb, and then fighting with other fetus souls to climb into the right one, is hard work. Why do 50-hr/week laborers hate on those who earned their fortunes — or the opportunity to create them — the old fashioned way?

OH NOES! STOP THE DIVISIVENESS!

Jay

June 13th, 2012
3:00 pm

To be fair to Bush, in that particular context he was right:

“And we will pursue nations that provide aid or safe haven to terrorism. Every nation, in every region, now has a decision to make. Either you are with us, or you are with the terrorists.”

That was right after 9/11, and that needed to be said. It wasn’t directed at the American people, although that kind of argument did surface later regarding the Iraq invasion, etc.