In a follow-on to the previous post, Michael Prell deals with the issue of how Occupy Wall Street Benefits Wall Street:
Wall Street is one of the most regulated places in the country. And, while we creators in the real economy have suffered these past years, Wall Street has flourished. Household income fell 6.7% between 2009 and 2011, and dropped 3.2% between 2007 and 2009. By contrast, Wall Street profits have gone up 720%.
Now, follow that money. Wall Street “fat cats” vote with their wallets. They overwhelmingly support and fund politicians who “burden” them with more and more regulations. Why? Because regulations are the mother’s milk of Wall Street profits. More government regulations means more profit for Wall Street “fat cats” to help their clients navigate government regulations.
It may be an inconvenient truth, but it’s the truth. The real beneficiary of these Occupy Wall Street protests is Wall Street. Forget your intuition, forget the spin and the soundbites, and do what Wall Street and the White House always do — follow the money.
Read more: http://dailycaller.com/2011/11/03/occupy-wall-street-benefits-wall-street/#ixzz1ckUb2vrm
H/T to Hanaldatours
