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The American Prospect

Jamelle Bouie

May 2, 2012

The super wealthy apparently believe that they deserve constant deference.

Greg Sargent is rightfully stunned by the entitled petulance of Wall Street bankers who are shocked—shocked—that President Obama would do anything other than praise their indispensable brilliance:

Wall Streeters are so upset about Obama’s harsh populist rhetoric that they privately called on him to make amends with a big speech — like his oration on race — designed to heal the wounds of class warfare in this country. […]

Of course, their exaggerated weariness notwithstanding, the “wounds of class warfare” haven’t been borne by Wall Streeters, who remain fabulously wealthy even after causing the worst downturn since the Great Depression. If there’s anyone waging class warfare, it’s the radicalized representatives of the rich, who have successfully engineered government to enhance their wealth at the cost of our shared responsibilities. As such, the actual victims of class warfare are the ordinary Americans who face stagnant wages, rising costs, and a tattered safety net.

After going through the insanity of Wall Street complaints, Sargent ends his post on this note:

One wonders if there is anything Obama could say to make these people happy, short of declaring that rampant inequality is a good thing, in that it affirms the talent and industriousness of the deserving super rich. It certainly seems clear that they won’t be satisfied until he stops mentioning it at all. [Emphasis mine]

If you think the bolded section is an exaggeration, you should take some time to read Adam Davidson’s New York Times profile of Edward Conard, a former partner at Bain Capital—Mitt Romney’s investment fund—who now works as an apologist for the ultrawealthy. Conard believes three things. First, that millionaires and billionaires earned every penny of their wealth through merit and hard work:

God didn’t create the universe so that talented people would be happy,” he said. “It’s not beautiful. It’s hard work. It’s responsibility and deadlines, working till 11 o’clock at night when you want to watch your baby and be with your wife. It’s not serenity and beauty.”

MORE HERE

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The Hill

By Peter Schroeder 03/18/12 05:30 AM ET

Democrats have co-opted a fiery resignation letter from a Goldman Sachs employee to argue for rigid rules on the financial sector.

Lawmakers say the letter from Greg Smith, published in The New York Times, is evidence that the reforms Congress passed in the wake of the financial crisis should be strictly implemented.

“This is ammunition for our argument,” said Rep. Barney Frank (D-Mass.), who co-authored the Dodd-Frank financial reform law.

Senate Majority Whip Dick Durbin (D-Ill.) entered the piece into the congressional record, calling it “an indication of why we need to continue our vigilance over this industry to make certain that the right market forces prevail.”

Goldman executives have pushed back against the widely read letter and defended the firm’s behavior and corporate culture.

Dems see ‘ammunition’ against Wall Street in Goldman resignation – The Hill’s On The Money.

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Is This Land Made for You and Me – or for the Super-Rich?

truth-out Thursday 12 January 2012

by: Bill Moyers and Michael Winship, Moyers & Co. | Op-Ed

The traveling medicine show known as the race for the Republican presidential nomination has moved on from Iowa and New Hampshire, and all eyes are now on South Carolina. Well, not exactly all. At the moment, our eyes are fixed on some big news from the great state of Oklahoma, home of the legendary American folk singer Woody Guthrie, whose 100th birthday will be celebrated later this year.

Woody saw the ravages of the Dust Bowl and the Depression firsthand; his own family came unraveled in the worst hard times. And he wrote tough yet lyrical stories about the men and women who struggled to survive, enduring the indignity of living life at the bone, with nothing to eat and no place to sleep. He traveled from town to town, hitchhiking and stealing rides in railroad boxcars, singing his songs for spare change or a ham sandwich. What professional success he had during his own lifetime, singing in concerts and on the radio, was often undone by politics and the restless urge to keep moving on. “So long, it’s been good to know you,” he sang, and off he would go.

What he wrote and sang about caused the oil potentates and preachers who ran Oklahoma to consider him radical and disreputable. For many years he was the state’s prodigal son, but times change, and that’s the big news. Woody Guthrie has been rediscovered, even though Oklahoma’s more conservative than ever – one of the reddest of our red states with a governor who’s a favorite of the Tea Party.

Read article at truth-out Thursday 12 January 2012

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The Root

By: Sheryl Huggins Salomon | Posted: October 16, 2011

Cornel West arrested (NCFTV)Update on Monday, October 17 at 3:25 p.m.: A spokesperson for Dr. Cornel West told The Root that following a court appearance this afternoon he was released from jail.

Update: According to a message retweeted on Cornel West’s Twitter page, “Dr. Cornel West will be spending the night behind bars and is ordered to appear in court Monday at 1 p.m. EST.”

The Root

CNN actually reported on this today…

“Over the weekend, 19 more people were arrested in Washington, D.C., by Supreme Court police, while over 90 were taken into police custody in New York.”

However, it was conspicuously obscure, and didn’t mention Dr. West, who they did a previous personal interview with.

Methinks the corporate media is afraid that the Tea Baggers might synpathasize with the movement.

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Occupied Boston Live is currently offline, but there is a message at the bottom.

The following is a link from Twitter by Keith Olberman

Boston police move in on protesters on Greenway, scores arrested

boston.com Oct. 10, 2011

By John M. Guilfoil and Derek J. Anderson, Globe Staff and Globe Correspondent

Boston police moved in and began arresting scores of Occupy Boston protesters who refused to leave a large part of the Rose Fitzgerald Kennedy Greenway early this morning.

At 1:20 a.m., the first riot police officers lined up on Atlantic Avenue. Minutes later, dozens of sheriff vans and police wagons arrived and over 200 officers in uniforms and riot gear surrounded the Greenway.

Police Superintendent William Evans and Commissioner Edward F. Davis watched from across the street. Evans gave the crowd two minutes to disperse from the park, warning that they would be locked up if they did not comply.

The crowd of protesters, energized by the sudden appearance of the Boston and Transit police officers, chanted, ‘‘The people united will never be defeated,’’ “This is a peaceful protest,” and “the whole world is watching.’’

About 10 minutes later, the first officers entered the park and surrounded the group. Evans, using a loudspeaker, gave one more warning and then each protester was individually put on his or her stomach, cable-tied, and dragged off as others tore down tents and arrested and detained people on the fringe of the park.

About 100 people were arrested, Davis said. One police officer was hit in the face.

crises on wall street, Democracy Now, Kieth Olbermann, occupy Boston, occupy portland

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The Invisible 99%: Sunday Morning Talk Shows Ignore Occupy Wall Street

PoliticsUSA October 2, 2011

By Jason Easley

The five Sunday morning talk shows on CBS, Fox, CNN, NBC, and ABC devoted zero segments with zero guests to Occupy Wall Street today. To the media inside the Beltway, the 99% do not exist.

A day after over 700 protesters were arrested during a march over the Brooklyn Bridge, the five network Sunday morning news shows virtually ignored the story. The only program that the arrests were even mentioned on was ABC’s This Week, “More than 700 demonstrators protesting corporate greed, among other issues, were arrested last night on the Brooklyn Bridge in New York City. The grassroots movement has swamped Wall Street for more than two weeks now.”

What was more important than thousands of Americans taking to the street to protest greed and corruption?

CNN’s State of the Union spent their time allowing Dick and Liz Cheney to rewrite the history of both 9/11 and the invasion of Iraq. Fox News and This Week were hyping up the latest corporate media creation, the revived presidential candidacy of Herman Cain. The media created the rebirth of Cain story after the candidate won a non-binding Florida straw poll, which became a story after the corporate media decided that the meaningless poll did in fact, mean something.

The other media generated story is the speculation over a potential Chris Christie 2012 presidential campaign. All the talk shows spent some time talking about Christie even though he isn’t even running. CBS’ Face The Nation trotted out John McCain to talk about Chris Christie, Libya, and DADT, and Meet The Press gave us a couple of governors and a roundtable discussing the 2012 election.

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pThere have been multiple reports of arrests and pepper spraying of protesters on Wall Street tonight. According to the Guardian, “there’s a flashpoint on the intersection of Broadway and Cedar Street, with reports of a number of arrests. Police have deployed orange netting to contain protesters. Subway trains have been ordered not to stop at […]/p

via Reports Of Arrests And Pepper Spraying At Wall Street Protests.

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