Clueless Former KC Fed Chairman Herman Cain Calls Occupy Wall Street Protesters Anti-American: "It's A Conspiracy Designed To Help Obama"
Herman Cain is at it again, spreading misinformation and lies, after blaming protesters just last week, saying it is their fault if they are unemployed.
Cain is repeatedly mistaken in this clip from yesterday's Face The Nation. He has no idea how these protests got started, so he just assumes it was 'the unions' even though there wasn't a union representative to be found for the first 15 days. If you've been following the protests since months before they began, as we have, you know it was ANONYMOUS, and their anger at the Federal Reserve and stealth Wall Street bailouts that laid the groundwork for the rebellion.
See these stories for a history of the genesis of the protests:
ANONYMOUS Targets The Federal Reserve - Video Communication #1 - Bernanke Must Step Down
ANONYMOUS Seeks Legal Counsel For RICO Class Action Lawsuit Against The Federal Reserve - #OpESR
Anonymous Announces Wall Street Occupation - Sep. 17
The “Occupy Wall Street” protesters have targeted the Federal Reserve as one of their central platforms from the very start. One organizer, known only as “ANONYMOUS,” announced the first operation targeting the FED, called “Operation Empire State Rebellion,” on March 12. This what become the Occupy Wall Street movement. Anonymous A99 was clear about the intent of the organizers, here is a quote:
"Above all, we aim to break up the global banking cartel centered at the Federal Reserve, International Monetary Fund, Bank of International Settlement and World Bank. We demand that the primary dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy, effective immediately. As a first sign of good faith, we demand Ben Bernanke step down as Federal Reserve chairman. Until our demands are met and a rule of law is restored, we will engage in a relentless campaign of non-violent, peaceful, civil disobedience.”
Next mistake from Cain, he claims that by protesting Wall Street, they are protesting the essence of capitalism in America. Wrong again. They are protesting that Wall Street was bailed out, in other words, that capitalism was discarded by Bush, Obama, Paulson, Bernanke, Pelosi, Reid and Geithner in order to save millionaires and billionaires.
See these stories:
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One more time, Herman. The protests are against CRONY CAPITALISM - where favored industries use their power over government to receive special benefits.
Check out this quote from a protester, who completely gets it:
- “People realize we have to be careful. It is an election season, but the banks control the government,” Lindsey Smith, 25, said, holding a placard that linked Wall Street’s titans to Washington’s masters.
- “They give millions and millions of dollars to the politicians. Wall Street funds campaigns and then they get bailed out. It’s completely corrupt.”
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Republican presidential candidate Herman Cain claimed Sunday that the Occupy Wall Street protests going on in New York City and across the country were a conspiracy designed to help President Barack Obama.
“The proof is quite simply the bankers and the people on Wall Street didn’t write these failed policies of the Obama administration,” Cain told CBS’ Bob Schieffer. “So it’s a distraction. So many people won’t focus on the failed policies of this administration.”
“You’re saying that these people all got together to draw attention away from Barack Obama?” Schieffer asked.
“We know that the unions and certain union-related organizations have been behind these protests that have gone on, on Wall Street and other parts around the country. It’s coordinated to create a distraction so people won’t focus on the failed policies of this administration,” Cain replied.
“It’s anti-American because to protest Wall Street and the bankers is basically saying you are anti-capitalism. The free market system and capitalism are two of the things that have allowed this nation and this economy to become the biggest in the world.”
Also appearing on CBS, Republican presidential candidate Newt Gingrich offered his own take on the protests.
“The sad thing is is this a natural product of Obama’s class warfare,” Gingrich declared. “We have had a strain of hostility to free enterprise. Frankly, a strain of hostility to classic America starting in our academic institutions and spreading across this country. I regard the Wall Street protest as a natural outcome of a bad education system, teaching them really dumb ideas.”
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Related stories:
Oct 10, 2011 at 2:52 PM
Reader Comments (17)
http://thinkprogress.org/economy/2011/10/09/339783/herman-cain-tax-food/
"The problem with capitalism, is that there are too few capitalists"
-G.K.Chesterton
They don't know it, but they are distributists.
people act like these kids are the problem, instead of HELLO MY COUNTRY IS A CORRUPT CESSPOOL OF CRIME AND MURDER AND LIES, WHAT AM I GOING TO DO ABOUT THAT?
DISGUSTING
and almost none of them have actually taken the time to get acquainted with what's being said
Once again the corporate media causes these reactionaries to once again give credence to the bought-off media and whatever BS they are spouting today
today its "move along nothing to see here, just some dumb kids being used my marxists. The system is perfect and it works, now go back to your jobs and pay your taxes and listen to uncle media's bedtime stories."
I don't now how much of an impact it will have on the entire OWS movement That's just one website. There appears to be some opposition to it as this kind of alliance certainly violates the central tenet of OWS -the leaderless decentralized movement
As far as #OWS, the younger crowd knows those that many foreclosures are illegal because of the robo-signing. They didn't know exactly WHY it's illegal, but they smell a rat a mile away and know what's going on is wrong. I walked them through the legal mechanics of it--all the way through fraud on the court.
"Do you know how fucking serious a fraud on the court is?" I asked them.
They looked intently.
"There's not even a statute of limitations for fraud that bad," I said. "So it's like a capital crime--like fucking murder--it's so serious. And these dumbshits on TV act like everything's cool with foreclosures and that YOU GUYS are being unreasonable."
I touched briefly on MBS fraud and lending fraud, then had to be on my way. The long and short of it is that if there's enough people who really want the facts, the legal nuts and bolts, of what's going on, I'm gonna make it a regular thing to go down there and lay it all out.
I'm seriously sick of this shit and of the TV carnival barkers who promote it. Fuck 'em.
1. A theory or system of economic organization based on a wildly optimistic regard for the fiscal discipline of Congress and the President. Adherence to this theory typically requires the suspension of disbelief concerning the ability of increasing the government’s power to tax, without substantive spending cuts, to actually reduce burdens on taxpayers and to produce economic recovery.
2. The intentional use by politicians of resonant slogans which obfuscate and distract some voters from the otherwise conspicuous absence of thoughtful, realistic or realizable fiscal or monetary plans and policies.
Cainunist [keyn - yuh - nist] - adjective
1. Of, characterized by, favoring or relating to Cainunism; Cainunistic
In a sentence: “Imagining that a ‘9 - 9 - 9’ percent tax ‘plan’ would not soon be 9.9 - 9.9 - 9.9, then 19 - 19 - 19, and so on, is just more magical Cainunist thinking.”
Origin of Cainunism: term used by informed voters to describe the economic-sounding slogans that originated from the 2012 vanity presidential campaign of Herman Cain (1945 – )
Synonyms for Cainunism: 1. Prevarication, 2. Deception, 2. Cozen, 3. Hucksterism, 4. Hoodwink, 5. Sales Pitch, 6. Razzle Dazzle
Antonyms for Cainunism: 1. Common Sense, 2. Objective Reality, 3. Free Market, 4. Tax Reduction, 5. Economic Liberty, 6. Less Government, 7. Constitutionalism, 8. Ron Paul
That's fantastic that you're able to be down there. If we start seeing signs like "No Chain of Title, No Peace!," or "Fraud on the Court is SERIOUS SHIT!" we'll know who to credit. Seriously, they need more people like you who know the ins and outs of this stuff. Too bad Erin Burnett didn't sit down with you instead of Dan the software developer.
All the man has said is that the country that you've grown up in, that has protected your rights (unlike many countries around the world), taken care of it's citizens (ask anyone that's been in an ER lately whether they've been turned away from a life threatening sickness!), protected the world and assisted the world the last 100 years - is giving you the opportunity to succeed. Those that complain about not succeeding are not taking advantage of this opportunity.
We don't have a party around here - We hate both sides. Cain is the former Chairman of the KC Fed and has said that there doesn't need to be a FED audit, meanwhile, only because of the one-time GAO audit brought about by Dodd-Frank, we learned about $16 trillion in 0% interest loans to banks, many of whom were foreign.
Cain is misinformed and part of the Wall Street loving status quo. Thoughtful voters have no use for a lackey of his sort.