Romney: Occupy Wall Street is "dangerous"

As I wrote in Herman Cain on Occupy Wall Street, I have a bunch of tabs open with stories about Occupy Wall Street, so it's time to blog about them and move on to new stories. This installment features a quote from Mitt Romney and a company that shares his opinion. Hat/tip to Paddy at The Political Carnival and devil_ad_vocate in talk_politics on LiveJournal for the links.

National Journal: Romney: Wall Street Protests ‘Class Warfare’

THE VILLAGES, Fla. – Republican presidential frontrunner Mitt Romney on Tuesday compared the current anti-Wall Street protests to “class warfare.”

“I think it’s dangerous, this class warfare,” Romney said to an audience of about 50 people in response to a question about the protests over such issues as high unemployment, home foreclosures and the 2008 corporate bailouts.

He made his remark while greeting members of an overflow crowd that was unable to get into his official appearance before a larger group of about 300 at this central Florida retirement community.

The Wall Street protests, organized by a confederation of progressive groups, have spread beyond New York to other cities, including Chicago, Los Angeles and Boston. Two groups also have announced plans to set up an encampment in front of the White House as well.

My comment at The Political Carnival:

If Willard the Rat Man had a clue, he'd keep his yap shut about the class warfare meme regarding Occupy Wall Street and the other Occupy movements. This will only encourage the demonstrators.

As I wrote a couple of days ago, "don't taunt the happy fun ball."

On the other hand, there are people who have a clue and are profiting from it: Listen Logic. They have been following Occupy Wall Street since its inception and currently consider it to be an elevated corporate threat.




Here is their graph of the growth of the movement so far.



Impressive timeline, isn't it?

Herman Cain on Occupy Wall Street

I have a bunch of tabs open with stories about Occupy Wall Street, so it's time to blog about them and move on to new stories. First, a video from Think Progress on YouTube in which Herman Cain, who is currently third in the polls among GOP candidates for President, says that he thinks that Occupy Wall Street was "orchestrated...to distract from the failed policies of the Obama Administration," although he acknowledges he has no facts to back up that belief.




My comment at Political Carnival, where this was also posted:

Normally, I'd tell Mr. "Plan 9-9-9 from Outer Space" that Occupy Wall Street will point out at least one failed policy of the Obama Administration, that of not prosecuting the bankers and others on Wall Street who contributed to the Great Recessioin, but I don't think that will make it through the Reynolds Wrap beanie he probably wears off camera. Even if it did, it would be inconvenient to his narrative.

Speaking of "Plan 9-9-9 from Outer Space," it's time to be an environmentalist and recycle.




Original at The Cain Scrutiny on Hysterical Raisins.

One of the worst economic plans ever deserves a poster from one of the worst movies ever.

Next Media Animation on Black Tea Monday

Barackalypse Now: Rise of the Bears

The US credit rating has recently dropped from an AAA to AA+ rating, leaving the investors and the world economy in a state of panic.

With the rising of the bear market, how would president Barack Obama fight it off?

Of course, as soon as they posted that video, the market bounced back, as Reuters reports.

Wall Street roars back in wild trade after Fed meet
By Rodrigo Campos
NEW YORK | Tue Aug 9, 2011 7:04pm EDT

Stocks rallied on Tuesday in a volatile session as investors struggled to decipher the Fed's signals on the economy after a dizzying two-week slide.

Buying accelerated into the close and the S&P 500 posted its best day in more than two years, following a drop of nearly 17 percent over the past weeks.

The market reversed direction six times after a Fed statement that pledged two more years of near-zero interest rates.
...
The Dow Jones industrial average gained 429.92 points, or 3.98 percent, to end at 11,239.77. The Standard & Poor's 500 Index rose 53.07 points, or 4.74 percent, to 1,172.53. The Nasdaq Composite Index added 124.83 points, or 5.29 percent, to 2,482.52.

When I told you to "hang on tight, it will be a bumpy ride," I had no idea how high some of those bumps might be. Let's just hope yesterday isn't just the mother of all dead cat bounces.

Black Tea Monday's Satan Sandwich News from WXYZ

Sunday night, Gotta Laff over at Political Carnival called yesterday Black Tea Monday in anticipation of the the stock market tanking yet again. Today proved her right: Going DOWn: Dow closes at -632. That's the big picture view. I'll let WXYZ show how it looked here in metro Detroit, beginning with their coverage of President Obama's address.




President Obama address the downgrade of the United States from AAA to AA+.

Before the President addressed the country, WXYZ began its coverage of how people reacted. Here are the clips, arranged from the top to the bottom of the income scale.