William Katz: Urgent Agenda
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THE USUAL COURSE – The "occupy" movement had a big day yesterday, demonstrating in this country and around the world. But the big day fell strangely flat. The demonstration in Rome was particularly violent. In New York, 70 were arrested, and many demonstators were arrested around the country. The signs displayed are getting uglier and uglier. In Washington, Frances Fox Piven, a Marxist academic, called for revolution. She and her late husband are "credited" with developing a plan to flood governments with welfare applicants in an attempt to bring down the "system." Dan Rather threw his support behind the "anti-greed" campaign of the protesters yesterday. Does anyone remember Dan Rather? Again, in New York, demonstrators have amassed a considerable war chest, so money does not seem to be an object. You can be sure that more will be coming from Hollywood stars eager to polish their radical credentials. From the New York Post:
Those are the people who teach our children.
COMMENT: There are plenty of things to criticize about Wall Street. We've published our fair share of criticisms here. But this crowd will come up with nothing because they've thought nothing through. They have no real solutions that Americans will accept. These mass movements make the same mistakes every time. They think they know, vaguely, what they're against, but they never know what they're for. And, along the way, they make some ugly alliances. I don't see, yet, that this "movement" is catching fire. But, with the help of the press, they may be able to go on through the election. October 16, 2011
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