Ron Paul Defends Occupy Wall Street and Middle Class at Republican Debate
Rep. Ron Paul is definitely the only Republican candidate who has displayed a degree of sympathy for the Occupy Wall Street protesters, and last night he proved it on a national stage by addressing resident Republican crazy man (one of many), Herman Cain.
Cain has suggested that OWS is anti-American and that they have only themselves to blame for their troubles—not Wall Street nor the government whom they have been petitioning for a grievance.
Cain stated in the debate, “They’re directing their anger at the wrong place. Wall Street didn’t put in failed economic policies… Wall Street isn’t going around the country trying to sell another $450 billion. They should be standing in front of the White House.”
Well, Sir, they are, in fact, standing as close to the White House as they can and everywhere else across the country.
Paul defended the protesters by stating, “Mr. Cain has blamed the victims. There are a lot of people who are victims of this business cycle.”
Paul, of course, traces a lot of the economic problems back to the Federal Reserve, the fractional banking apparatus of which Herman Cain was a member (of the Kansas City Federal Reserve Bank), and which allowed a number of banks and investors to make risky investments with criminal financial instruments (the credit-default swap), knowing full well that the Federal Reserve and the federal government would have no choice but to bail them out if toxic mortgage securities began to implode.
“[The Federal Reserve] creates the financial bubbles,” said Paul. “Who got stuck? The middle class got stuck. They lost their jobs and they lost their houses.”
And Paul said what so many politicians are unwilling to say, “We have to blame the business cycle and the economic polices that led to this disaster.”
Thank you, Dr. Paul, for defending the honorable protesters and middle class against Mr. Cain’s ignorant blustering on national television.
OWS needs to become a total movement and Rep. Paul’s acknowledgement is a great step toward this coalescence.