Those ‘Occupiers’: Searching Wall Street For a New Scapegoat
EDITOR'S NOTE: This is another of a series in which Moore County’s Republican and Democratic party chairmen address various political issues.
During times of crisis and social upheaval, people have always looked for “scapegoats.”
The most famous of these incidents came after World War I, when a former corporal in the German army decided to blame all the country’s woes on a single religious group, which he then tried to exterminate.
To a lesser extent, this has occurred throughout human history. Whether it was Salem blaming its problems on witches or Romans blaming their problems on Christians, it has always been popular to blame problems on groups of people easily demonized rather than solve the problem itself.
To a large extent, that is the drama being played out on Wall Street in demonstrations and civil disobedience.
Demanding punishment for investors who put their money at risk in the free enterprise system is simplistic, but popular. It makes for good film clips and enticing sound bites. It may even result in votes for a beleaguered Democratic Party. But in reality, it is pure scapegoating in its “great” historical tradition.
There are many reasons why, since President Obama took office, America still finds itself in its most significant crisis since the Great Depression. The Federal Reserve is printing and the federal government is spending money that neither has nor expects to get anytime soon.
Europe is also printing euros to bail out Swiss, German and French banks faster than Lance Armstrong can bike to Paris on a double dose of steroids. Democrats in the United States Senate are even pushing a bill to force the higher valuation of the Chinese yuan.
In other words, both Europe and the United States are racing to devalue their currency into worthlessness more worthy of Zimbabwe. This devaluation of the dollar actually raises the cost of food and other necessities for the poor, creating an invisible inflationary tax on those least able to afford it.
If the truth were really known by the Wall Street protesters, they would join the tea party trying to occupy Pennsylvania Avenue and the United States Senate. But how do you tell a mob that they “scaped” the wrong goat?
Although it may be new to Americans, America’s crisis is not a new one for the world. Overspending governments hiring bunches of needless bureaucrats and borrowing money to pay for it is an old story in foreign affairs. Just as in Greece, it seems that everyone is dependent upon government in some way.
Many are convinced that American citizenship not only entitles one to the bounty of the American Dream but also entitles the recipient to have someone else pay for it. Today that payor for everyone’s dream is a Wall Street trader. Tomorrow it may be a Charlotte bank. The only requirement is that it is “someone else” who must be blamed, taxed and have his devalued property confiscated in the name of the state.
The “occupation” of Wall Street and similar social upheaval is not unexpected. These demonstrators are crying out for leadership to solve our financial crisis, and all they see is a president campaigning for re-election, blaming others for his inability to solve the problems he pledged to eliminate.
Driven by ideology and as America was bleeding job losses by the millions, he decided to direct America’s energy toward socialization of health care on borrowed money rather than the creation of jobs so that workers could pay for their own health care.
He concentrated on saving the jobs for government unions rather than creating jobs for the unemployed private sector workers, people who actually made something. He borrowed money to expand food stamps and chase phantom green energy when the real need was to reduce spending and provide enough tax cuts to spur private sector growth.
Employed workers do not need government. They can pay for both food and fuel without welfare.
What is happening on Wall Street is the equivalent of hoards of dissatisfied citizens simply opening their windows and yelling, “I’m mad as hell, and I’m not going to take it anymore.” They are looking for the leadership that our president cannot provide even to them, his most liberal former supporters.
Instead, they follow his scapegoating of unpopular bankers, investors and the so called “rich,” creating nothing more significant than street theater and solving nothing more significant than boredom on a slow news day.
We can actually learn something from those demonstrating in lower Manhattan. It is that not only conservatives but liberals too are frustrated by President Obama and his incompetence in the face of crisis.
Protesters should find no satisfaction in the creation of scapegoats or taxing the poor with the inflation of currency devaluation. Conservatives see no gain by creating false blame. Yet together, tea party conservatives and Wall Street protesters are telling the Obama administration that Americans will not easily give up their liberty to Washington incompetence and that they want “better” for America than Barack Hussein Obama.
From New York to Nome, and Palm Beach to Pearl Harbor, for many diverse reasons, people are simply mad as hell, and they will not elect him anymore.
Robert M. Levy is chairman of the Moore County Republican party. Contact him at Law52@prodigy.net.
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