A Quote by Rush Limbaugh
[Steven] Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore - the redistribution of wealth and the return of '$17 trillion' stolen from the middle class by Wall Street - is to 'destabilize the country.
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The remarks that [Steven] Lerner gave at Pace University: "'Unions are almost dead. We cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also. And if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge - the big banks and everything - what they want is stability.'" So we have "'to destabilize the folks that are in power and start to rebuild a movement'".
[Steven] Lerner's strategy is, "How do we bring down the stock market? How do we bring down their bonuses? How do we interfere with their ability to be rich?" This is what his objective is, and he believes that Wall Street's wealth has been stolen.
When [Steven Lerner] says that unions and so forth are "dead," he's talking about clout. He's talking about power. But "community organizations," the ACORN types, these are the groups that can successfully organize a strike - a strike meaning people just stop paying back on their loans.
I do believe that we should substantially lower student debt in this country, which is crushing millions of people. We pay for it, in my view, by a tax on Wall Street speculation. The middle class bailed out Wall Street in their time of need. Now, it is Wall Street's time to help the middle class.
What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
Henry Blodget says, "It is not clear what, if any, power and influence [Steven Lerner] currently wields. His main message - that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend - will almost certainly resonate."
This is a guy [Steven Lerner] who believes, for example, that Reaganomics or trickle-down economics means, "The rich got rich by stealing from the poor," or stealing from the middle class and making them poor via debt. He has worked with unions in Europe.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
[Steven] Lerner's plan starts by attacking JP Morgan Chase with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.
We can't just be the party of redistribution of wealth; we need to be the party of the creation of wealth in communities all over the country, not to just Silicon Valley, not just Wall Street, but all over.
If you believe [Steven Lerner] is being honest about what he believes - and I do - it's a fascinating look into the mind-set of the kook, extremist left in this country who are treated sympathetically by the media. Their causes are all just, and so is the notion that capitalism is unfair and that their money has been stolen from them and that the country is unjust - and they need to, you know, economically hobble it.
The anger from Occupy Wall Street is coming from this simple fact: America no longer seems to be a place where you can work your way up, from rags to riches, from lower class to middle class to upper class.
The Obama administration has embraced the policies of George W. Bush, and then gone much further. Wall Street bailouts went ballistic under Obama - $700 billion under Bush, but $4.5 trillion under Obama, plus another $16 trillion in zero-interest loans for Wall Street.
What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.
Many of the lower middle class are members of labor unions, churches, bowling clubs, fraternal, service, and nationality organizations. They are organizations and people that must be worked
with as one would work with any other part of our populations - with respect, understanding, and sympathy.
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