Wall Street Puppet Obama Sympathizes With Anti-WallStreet Protests

Wall Street Puppet Obama Sympathizes With Anti-Wall Street Protests Steve Watson & Paul Joseph Watson Infowars.com October 6, 2011 Claims Government has not gone after banksters because “a lot of practices going on weren’t against the law.”During a press conference this morning, the president said he sympathized with Occupy Wall Street protesters – words that are already ringing entirely hollow for those engaged with the movement, given that Obama’s top campaign contributors include four of Wall Street’s biggest investment banks.

“The American people understand that not everybody is following the rules. Wall Street is an example of that,” Obama told journalists gathered at the White House.

“These days a lot of folks doing the right thing aren’t rewarded, and a lot of folks not doing the right thing are rewarded,” the president added.

“I think people are frustrated and the protesters are giving voice to a more broad frustration about how our financial system works,” Obama went on to say.

When asked why he had not done more to prosecute Wall Street crooks, the president suggested that, although highly immoral practices had occurred, no illegal activity had taken place.

“Part of people’s frustration, part of my frustration, is that a lot of practices going on weren’t against the law,” he said.

Realists, however, may be more inclined to believe the inaction stems from the fact that the Obama administration is chock full of former Wall Street executives.

“Obama has even added new Wall Streeters who did not work for him in 2008, including former Goldman Sachs CEO Jon Corzine, Evercore Partners executive Charles Myers, Greenstreet Real Estate Partners CEO Steven Green, and Azita Raji, a former investment banker for JP Morgan,” according to a study by the Center for Responsive Politics.

Indeed, Obama’s 2012 campaign is reliant on Wall Street to an even greater extent than his 2008

campaign which was almost exclusively bankrolled by Wall Street firms. including Goldman Sachs, Morgan Stanley, Citi Group and JP Morgan Chase.During today’s press conference, Obama also defended bailouts of the big banks, claiming that the economy would have been even worse if no action had been taken.

In comments sure to cause more concern for free market advocates, Obama added that the government would fight “every step of the way” to ensure there is a consumer watchdog to ensure that the financial sector is regulated.

In separate comments, Vice President Joe Biden stated today that he understood the “frustration” of protesters.

The Occupy Wall Street response on the official forum has been that Obama’s words represent “more of the same”, with many contributors seeing through the rhetoric.

However, the presence of the Obama front group MoveOn.org has amplified on the OWS forum, where last week it was nowhere to be seen. This indicates a coordinated attempt to co-opt the legitimate protest movement and inject White House talking points.

One poster notes: “Now that Moveon.org, Obama and Biden have all come out in support of OWS, we now know that it was never anything more than just an Obama reelection rally. Somehow, OWS keeps thinking it is “outside” the system when it is in the very center of the system.”

Obama is clearly attempting to shift the American people’s frustration onto banks, hoping that people won’t come to the realization that his entire campaign is funded by these very same financial institutions.

He has ludicrously adopted the gimmick of appearing as the populist who sides with the American people, when in reality he is in completely in bed with WalStreet.

Don’t Let Obama Campaign Fronts Infiltrate OWS – Occupy The Fed Paul Joseph Watson Infowars.com Thursday, October 6, 2011 With Obama campaign front groups desperately scrambling to infiltrate and subvert the Occupy Wall Street movement and exploit it as a re-election tool for the Wall Street-financed Obama administration, joining the revolution against the true source of economic corruption, the Federal Reserve, is a historic opportunity for Americans to strike a crushing blow against the real financial oligarchy. The Revolution Against the Federal Reserve Starts Now. Video below http://www.youtube.com/watch?v=R0AJy4pJUE8&feature= Helping to craft the narrative of the protests that we now see spreading across American is imperative. Leftist foundations and Obama front groups are now actively trying to hijack the Occupy Wall Street movement to neutralize its impact and exploit thousands of energized young activists into becoming a campaign tool for Obama’s re-election.

As we have documented, MoveOn.org, an Obama front group that aggressively lobbied for and supported an administration that was elected with the aid of millions in Wall Street funding, is now posing as the spearhead of Occupy Wall Street.

From having virtually nothing on its website about OWS last week, today MoveOn.org is saturated with Occupy Wall Street coverage.

MoveOn.org, as well as other Obama front groups that have penetrated the leadership of Occupy Wall Street, including AFL-CIO and SEIU (Service Employees International Union), are now working to divert the protesters down the dead end of advocating big government socialism as the answer to America’s financial corruption.

The corporate media has hyped the myth that all the protesters are Communists and crazed leftist radicals in a bid to drown out the penetrating voices of activists who cut across partisan lines by offering real solutions like abolishing the Fed and ending the fiat money system.

However, many of the Occupy Wall Street demonstrators have been conned into advocating a “solution,” the Buffett tax rule, which is backed by the Wall Street financed Obama administration itself. In reality, this proposed new law will do nothing to touch Wall Street but will bankrupt countless middle class businesses and worsen America’s economic decline for everyone but the

super-rich.

In reality, it is the Federal Reserve, through its slush fund of tens of trillions in stolen bailout money, that has enabled Wall Street to prosper even as Americans labor under rising unemployment, poverty, record food stamp usage, a depreciating dollar, and a lowering of their living standards.Demonstrating against the likes of Goldman Sachs, Bank of America, JP Morgan and Citigroup (the same groups that backed Obama) is all well and good – but none of these financial institutions would be able to unleash their greed upon the world without the aid of the Federal Reserve.

While Michael Moore has callously misled protesters by claiming the need to “end capitalism” is the solution while dismissing the Fed as “irrelevant,” in reality the Federal Reserve has made at least $16 trillion in secret loans to big banks, while conspiring with Wall Street to prevent that money from finding its way to the American people, elevating poverty and deliberately stalling any real kind of economic recovery, simply so these banks can accrue interest on deposits held with the Fed. Indeed, banks that received bailout money did not increase their lending to struggling Americans, and refused to lend to smaller local banks, causing the banks to collapse and allowing the likes of Wells Fargo, JPMorgan Chase and Citigroup to pick off their competition.

Wall Street corruption is merely a symptom of the cancer that is the Federal Reserve. The sooner we can communicate that message to the OWS protesters and force the media to report on it, the nearer we will be to overseeing a true revolution against economic tyranny.

Join Alex Jones at the Federal Reserve locations listed below over the next three days to target the real source of our financial oppression – the private, run for profit Fed. Dallas Federal Reserve Friday Oct. 7 @ 6pm 2200 North Pearl Street Dallas, TX 75201-2272 (214) 922-6000 Houston Branch of the Dallas Federal Reserve Sat. Oct. 8 @ High Noon 1801 Allen Pkwy Houston, TX 77019-2507 (713) 483-3000 San Antonio Branch of the Dallas Federal Reserve Sunday Oct. 9 @ 10am – Noon 126 E Nueva San Antonio, TX 78204-1020 (210) 224-2141

Obama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined

By Terence P. Jeffrey October 5, 2011 (CNSNews.com) - The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30.

That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion--more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.

This $4.212-trillion increase in the national debt means that during Obama’s term the federal government has already borrowed about an additional $35,835 for every American household--or $44,980 for every full-time private-sector worker. (According to the Census Bureau there were about 117,538,000 households in the country in 2010, and, according to the Bureau of Labor Statistics, there were about 93,641,000 full-time private-sector workers.)

When Obama was inaugurated on Jan. 20, 2009, according to the Treasury Department, the total national debt stood at $10,626,877,048,913.08.

At the end of January 1993, the month that President George H. W. Bush left office, the total national debt was $4.1672 trillion, according to the Treasury. Thus, the total national debt accumulated by the first 41 presidents combined was about $44.8 billion less than the approximately $4.212 trillion in new debt added during Obama’s term.

As of Monday, Obama had been in office 986 days—or about 32 and a half months. During that time, the debt increased at an average pace of $4.27 billion per day. Were that rate to continue until Obama’s term ends on Jan. 20, 2013, the debt would then stand at about

$16.86534 trillion—an increase of more than $6.2 trillion for Obama’s four years.

That would equal nearly $53,000 for each American household or more than $66,00 for each full-time private-sector worker.

That total national debt did not exceed $6.2 trillion until 2002, when George W. Bush was president.

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