DNC chair wants Occupy Wall St. protests to help take focus off Obama.
10/25/11, "Democrats Rake In Wall Street Cash," Heritage Action, D. Schow
.
"President Obama, former-House Speaker Nancy Pelosi (D-CA), Congresswoman and chair of the Democratic Congressional Campaign Committee Debbie Wasserman Schultz (D-FL), and Congressman Barney Frank (D-MA) have all raised significant funds from Wall Street – and these numbers are just since 2008!
This information was pulled from OpenSecrets.org. They don’t quite tell the whole story, since Presidential donations are listed differently than other politicians. So the President’s funds are much higher. He’s actually raised $3.9 million just this year so far. But, he (Obama) has raised nearly $12 million in Wall Street donations for the DNC. In total, that’s more than all the Republican Presidential candidates
- combined have received from Wall Street.
Yet President Obama supports the Occupy Wall Street Movement. He said that their protests were a reflection of a “broad-based frustration about how our financial system works.” He has also adopted the term “99%” when talking about raising taxes.
Nancy Pelosi (D-CA) has also spoken favorably for the protesters, saying “I support the message to the establishment, whether it’s Wall Street or the political establishment and the rest, that change has to happen.”...
Debbie Wasserman Schultz (D-FL) parroted Pelosi by saying that these protests are ““symbolic of the frustration that middle class folks and working people feel that the wealthy always seem to have the wind at their backs.” She went on to say that, "... hopefully they’re going to help get the Republicans in Washington’s attention so we shift the Republican’s focus from just Barack Obama’s job, to everyone’s job,”...
And finally, Congressman Barney Frank (D-MA), who has raked in more from Wall Street than Pelosi and Wasserman Schultz combined. Just after announcing his support for Occupy Wall Street, Congressman Frank headed to a fundraiser – with Wall Street bankers. How’s that for hypocrisy? Of course, he had an answer for that, saying:
“If you take money from them, but you don’t vote [for] the things they want, how does that put you in conflict?”
I can think of a few ways....
They are clearly capitalizing on the populism of the day while continuing to line their campaign coffers with money from the very people they are now demonizing."
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5/26/11, "Book: Frank helped partner get Fannie Mae job," Boston Globe, D. Slack
"Representative Barney Frank helped his then-companion land a job at mortgage giant Fannie Mae in the early 1990s at the same time Congress was writing legislation to improve oversight of the lender, according to New York Times reporter Gretchen Morgenson, who recently wrote a book examining the financial crises. Frank was a member of the House Financial Services Committee in 1991 when he "actually called up the company and asked them to hire his companion."...
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Big money today is inside government, ie crony capitalism, the 'reset' GE chairman Immelt spoke of:
11/8/2008, "Immelt: We are in "An Emotional, Social, Economic Reset"," GreenBiz, M. Gunther
"And the biggest impact of this "reset" will be greater government involvement in the economy, and in the affairs of business,
- for better or worse.
"People who understand that will prosper," Immelt said. "Those who don't
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via Weasel Zippers
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