Tim DunkinConservative Crusader
For the past several weeks, Americans have been treated to the spectacle of the â€œOccupy Wall Streetâ€ protests (though these have since spread to city centers in municipalities across the country), ostensibly a â€œgrassroots, populistâ€ revolt against the excesses of Wall Street speculators and billionaire bankers who manipulate the economy and influence government policy for their own benefits. Initially, I have to admit, there was some room for sympathy with these concerns. After all, misconduct and fraudulent behavior within large segments of our financial industry contributed tremendously to the creation and subsequent collapse of the housing bubble, the tanking of our economy, and the funneling of money via â€œbailoutsâ€ to top bankers and other corporatists intimately linked into the incestuous public-private relationship that we see between the upper levels of many industries and the government in America. Yes, it is true that while middle America suffered higher unemployment, stagnating wages, reduced standards of living, and a more tenuous economic outlook, the government was shoveling billions of dollars into the pockets of many of the same people and institutions which caused the problems in the first place, and was diverting billions more to establish cozy â€œbuyoutâ€ relationships with companies like GM.
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