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Title: Will the Mitt/Newt Slugfest Boost the Occupy Movement?
Source: AlterNet
URL Source: http://www.alternet.org/election201 ... est_boost_the_occupy_movement/
Published: Jan 25, 2012
Author: Lynn Parramore
Post Date: 2012-01-25 11:52:16 by lucysmom
Keywords: None
Views: 1834
Comments: 3

Representing the twin evils of ruthless capitalism and government corruption, the GOP candidates are bringing core Occupy issues to the fore. January 23, 2012 |

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The Occupy Movement brought key issues like economic inequality, Wall Street greed, and political corruption to the table. And we may have the GOP front runners to thank for keeping them there. Here’s a look at how the Battle of Newt and Mitt can help keep the OWS flame alive...

The Populist Platform

Newt Gingrich’s populist messages in South Carolina dealt Mitt Romney a body blow. Newt hit the multi-millionaire on his low tax rate and his role in the oft-reviled private equity industry to leave him stumbling through debate questions and looking generally ill at ease. Getting branded as a corporate raider who pays less in taxes than your housecleaner is not a great image, to say the least.

Newt leveled three sets of charges at his rival on economic issues, all of which resonate with core Occupy Wall Street concerns. The first two were key in the South Carolina primary, and the third may be important in the next phase as Newt attempts to draw Ron Paul supporters into his camp. They are:

1) Taxes (OWS concern = economic inequality)

2) Private equity (OWS concern = Wall Street predation, ruthless capitalism, senseless job destruction)

3) Federal Reserve (OWS concern = power of big banks over government)

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#1. To: All (#0)

Floyd Norris questioning the fact that investment income is now taxed at a lower rate than earned income—a debate driven by Mitt’s admission that he pays a mere 15 percent in taxes. Norris demonstrated that this discrepancy has not historically been the case and also why it is unfair . Thanks to the attacks on Mitt, Americans have been talking about “vulture capitalism” (Newt’s term for private equity) and the ruthless policies and game-rigging financial engineering it is known for. Of course, this produced an entirely predictable chorus of “Shame on Newt” from financiers and their apologists...

Republican bumper sticker: "Tax Work, Not Wealth"

Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1

We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul

lucysmom  posted on  2012-01-25   11:57:05 ET  Reply   Trace   Private Reply  


#2. To: lucysmom (#1)

Republican bumper sticker: "Tax Work, Not Wealth"

Newt seems to dislike certain predatory aspects of capitalism, but the sending out of our young people to die for the markets it is used to invest in all over the world seems to NOT be one of them. How about calling it Blood Money Capitalism.

Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET

mininggold  posted on  2012-01-25   12:10:15 ET  Reply   Trace   Private Reply  


#3. To: mininggold (#2)

How about calling it Blood Money Capitalism.

Vampire Capitalism has also been suggested.

Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1

We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul

lucysmom  posted on  2012-01-25   12:12:20 ET  Reply   Trace   Private Reply  


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