Charles Krauthammer’s recent brimstone lecture to those daring to protest the Wall Street greed and subterfuge that led to the present economic crisis is more amusing than it is alarming. Amusing because it seems to have sprung more from concern that this movement could derail Republican plans for 2012. Otherwise, wouldn’t Mr. Krauthammer simply ignore it since it is—in his eyes and in the eyes of FOX and a bevy of other conservative pundits—bereft of a specific set of goals, not significant when compared to the Tea Party, and full of privileged ipad carrying liberal kids who are just spoiled?
That Herman Cain spoke of these protesters in equally derisive terms was not surprising. That his comments—and a cavalcade of similar comments—are meant to be applied to the middle class unemployed as a whole is more alarming. The message: if you’re out of work and struggling, it’s your fault. If you’re not rich, it’s your fault. Wall Street, according to these pundits, earned their fat bank accounts, water view mansions, and heated leather-seat luxury cars the old-fashioned way.
So who’s at fault? If we believe the Tea Party Express, the Obama Administration is entirely at fault. It was Obama, and he alone, that drove up the federal debt to buy his way with Wall Street by throwing money at them and giving them a free ride despite overwhelming evidence that they gamed the system in ways unimaginable. Do these pundits really think that the average American, even the average college-educated American, could possibly have comprehended the algorithms used to game an already complex financial system stacked against the American worker and the American consumer?
And yet, of these three participants in the death dance of the American economy—the federal government, Wall Street, and American workers—the only one blameless is the one that had the most to do with it.
As far as the issue of legitimate protest, I’ll let others figure it out. Tea Party activists put a lot of time and effort into creating racist placards and spent some time harassing and spitting on elected legislators. Their supporters will deny these facts. The protesters in New York and elsewhere do not have a cogent message—but they reflect a growing national anger. If the only result of their protests is the increasing coverage they’re getting (with even FOX NEWS getting into the mix), then that will have been worth the effort.
I’m hoping that they coalesce enough to have a profound effect on the next election. Both parties have participated equally in the debacle we now face, and both deserve to be brought down to size.
That Herman Cain spoke of these protesters in equally derisive terms was not surprising. That his comments—and a cavalcade of similar comments—are meant to be applied to the middle class unemployed as a whole is more alarming. The message: if you’re out of work and struggling, it’s your fault. If you’re not rich, it’s your fault. Wall Street, according to these pundits, earned their fat bank accounts, water view mansions, and heated leather-seat luxury cars the old-fashioned way.
So who’s at fault? If we believe the Tea Party Express, the Obama Administration is entirely at fault. It was Obama, and he alone, that drove up the federal debt to buy his way with Wall Street by throwing money at them and giving them a free ride despite overwhelming evidence that they gamed the system in ways unimaginable. Do these pundits really think that the average American, even the average college-educated American, could possibly have comprehended the algorithms used to game an already complex financial system stacked against the American worker and the American consumer?
And yet, of these three participants in the death dance of the American economy—the federal government, Wall Street, and American workers—the only one blameless is the one that had the most to do with it.
As far as the issue of legitimate protest, I’ll let others figure it out. Tea Party activists put a lot of time and effort into creating racist placards and spent some time harassing and spitting on elected legislators. Their supporters will deny these facts. The protesters in New York and elsewhere do not have a cogent message—but they reflect a growing national anger. If the only result of their protests is the increasing coverage they’re getting (with even FOX NEWS getting into the mix), then that will have been worth the effort.
I’m hoping that they coalesce enough to have a profound effect on the next election. Both parties have participated equally in the debacle we now face, and both deserve to be brought down to size.