I read an article recently by Fred Smith, the founder and president of the Competitive Enterprise Institute that got my attention. Mr. Smith, who is extremely conservative in his views, was discussing a few things that the folks who have been protesting Wall Street and the Tea Party crowd have in common. I had never even considered the possibility that there was anything that the two groups have in common. After reading the Smith article, I am now even more convinced they have very little, if anything, in common. In fact, their missions are totally different and the Wall Street group doesn’t have any billionaires supporting them.
As expected, Mr. Smith attempted to defend the Tea Party as being against what he described as “crony-capitalism,” while making it appear the Wall Street protestors were all “anti-capitalist.” Regardless of how one might feel about those labels, there is one thing for certain, and it’s that folks all around the country are fed up with the antics of the Wall Street bankers. The public’s discontent is also aimed at the failure of the federal government to really go after the wrongdoers. Most folks wonder why somebody hasn’t been prosecuted. It doesn’t take reading the results of a professional poll to figure out that the widespread discontent also includes Congress. In fact, the discontent will be felt by members of Congress at the polls next year.
Source: USA Today
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