Occupy Wall Street Should Protest Crony Capitalism
October 31, 2011
Our guest
Dr. Tom Borelli explains why...
From
Fox:
If the Occupy Wall Street movement is really motivated to stop corporate greed and corruption it would focus on President Obama and his tight circle of crony capitalists, who have looted the public treasury under the guise of promoting clean energy. The problem plaguing our economic system is crony capitalism, not capitalism.
The government bailouts outraged Americans from all political persuasions and ignited the Tea Party movement but those unfortunate events are history.
What’s even more outrageous is President Obama followed the episode of Wall Street, auto company bailouts, and funding of clean energy initiated by President Bush with a $787 billion economic stimulus that funneled massive amounts of public funds to private businesses, many of which have close political ties to the president.
The tens of billions of tax dollars allocated for clean energy turned into an orgy of big business special interest group politics that has spectacularly failed to create meaningful job growth.
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Fox.