The Progressives for years have demonized Wall Street as a Conservative Institution. Nothing can be further from the truth in this regard. The Financial Industry is heavily Democratic and support Progressive causes. They pushed Obama because they want the government to assist them in making profits. I have no problem with Corporations making money, but to do it with our tax money is wrong. This type of system is called Corporatism and it compliments very well with a Progressive regime. Big Government and Big Business crush the free market and ensure a Neo-Feudal system. This is what the Tea party movement is not on Wall Street’s side.
Could all those populist pitchforks currently pointed at Washington be turned toward Wall Street instead?
That’s the question that ought to worry Wall Street executives as they prepare to pay themselves nice bonuses this month, hard on the heels of a government bailout of the financial system, and amid continuing job losses around the rest of the country. Financial firms know they’re in for heat on bonuses; they’ve already been chastised on national TV by President Barack Obama’s chief economist.
The more searing heat, though, might come not from Washington’s corridors of power but from the streets, where disjointed populist armies are starting to organize in the so-called tea-party movement.
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The truth of the matter is that Wall Street doesn’t favor free markets. In a real free system companies rise and fall with innovation. What these Corporate-Progressives want to do is stop the natural cycle and perpetuate their power. With a close relationship with the Obama regime, the economic model that is appearing resembles that of Italy in the 1920’s. Mussolini once talked about a 3rd way between Socialism and Capitalism. The system was called State Corporatism, where the government and businesses acted as one. This is what Obama and his cronies are doing today. Is it any wonder why the Libertarian-Conservative Tea Party opposes them?
Tags: 3rd Way, Corporatism
