If my recollection is correct, today is the 16th or 17th day of Occupy Wall Street. I tend to lose track of time.
Today, President Obama held a press conference to discuss the jobs bill that he is trying to get through Congress. Eric Cantor has recently bragged that the bill will never be introduced on the House floor. Essentially, today Obama told House Republicans to either come up with something better, or shut the hell up and pass the damn bill. After making his statement, he took a number of questions from reporters.
A reporter asked the question, "Are you following the "Occupy Wall Street" movement, and how will you respond?". This was his response:
In essence, he has seen reports of the protests on television, and people have a right to be upset. People may disagree with me, but that's fair. He's not exactly advocating for the dismantlement of the Federal Reserve, but he did sign into law the Dodd-Frank Wall Street Reform Act, which promises sweeping changes to be implemented in corporate America. Due to stalling and roadblocks from the Republican side of the aisle, only 38 of the nearly 400 reforms have been implemented since the bill was signed last July. All current Republican presidential candidates have publicly said that, if elected, they would repeal Dodd-Frank.
Yesterday, Herman Cain was asked by the Wall Street Journal about the movement. First, he said that he believes that, while he can't prove it at this time, the Occupy Wall Street protests are secretly being orchestrated to divert attention from President Obama's failed economic policies? He also said, and I'm quoting here:
So, in Herman Cain's mind, unemployment equates failure. The millions of people that have been laid off since 2008 were failures in their life. In September, the Department of Labor determined the unemployment rate at 9.1% nationally, meaning 14 million people in this country were without work. Those are the people that are receiving unemployment benefits or are reporting to the government that they are still trying to find work. They have been unemployed for less than 99 weeks. Analysts believe that the real unemployment rate is along the lines of 18.09% in July of this year. That's more than 28 million losers, according to Herman Cain.
This is why someone with no political experience has no business being in the White House. Go back to making pizzas.
Today, President Obama held a press conference to discuss the jobs bill that he is trying to get through Congress. Eric Cantor has recently bragged that the bill will never be introduced on the House floor. Essentially, today Obama told House Republicans to either come up with something better, or shut the hell up and pass the damn bill. After making his statement, he took a number of questions from reporters.
A reporter asked the question, "Are you following the "Occupy Wall Street" movement, and how will you respond?". This was his response:
In essence, he has seen reports of the protests on television, and people have a right to be upset. People may disagree with me, but that's fair. He's not exactly advocating for the dismantlement of the Federal Reserve, but he did sign into law the Dodd-Frank Wall Street Reform Act, which promises sweeping changes to be implemented in corporate America. Due to stalling and roadblocks from the Republican side of the aisle, only 38 of the nearly 400 reforms have been implemented since the bill was signed last July. All current Republican presidential candidates have publicly said that, if elected, they would repeal Dodd-Frank.
Yesterday, Herman Cain was asked by the Wall Street Journal about the movement. First, he said that he believes that, while he can't prove it at this time, the Occupy Wall Street protests are secretly being orchestrated to divert attention from President Obama's failed economic policies? He also said, and I'm quoting here:
"Don't blame the big banks. Don't blame Wall Street. If you don't have a job, and if you're not rich, blame yourself. (Snip) When I was growing up, I was blessed to have parents, that didn't teach me to be jealous of anybody, and didn't teach me to be envious of somebody. It is not a person's fault if they succeeded. It is a person's fault if they fail."He does admit that the banks were responsible for the "economic crisis" that we went into in 2008. But, according to Cain, "we're not in 2008, we're in 2011". Obviously, he doesn't have the basic conceptual understanding of economics. Just take a look at the clip. The level of ignorance and apathy in the room can be cut with a knife.
So, in Herman Cain's mind, unemployment equates failure. The millions of people that have been laid off since 2008 were failures in their life. In September, the Department of Labor determined the unemployment rate at 9.1% nationally, meaning 14 million people in this country were without work. Those are the people that are receiving unemployment benefits or are reporting to the government that they are still trying to find work. They have been unemployed for less than 99 weeks. Analysts believe that the real unemployment rate is along the lines of 18.09% in July of this year. That's more than 28 million losers, according to Herman Cain.
This is why someone with no political experience has no business being in the White House. Go back to making pizzas.
0 comments:
Post a Comment