An Organized Collection Of Useful Idiots

A culmination of unfortunate events, some decades old, have led to many of those in their 20's being very torqued. Propelled and partially financed by radical extremists and embolden by the thuggery of the Obama Administration, many of the disgruntled young people have joined leftist groups coming together to protest everything American across the nation in what has become known as Occupy Wall Street.

Regrettably, what we actually have is leftist organizations, many backed by billionaire George Soros, supporting a group of young people who are sadly nothing more than useful idiots as many have no idea about what they are protesting, or basic economic theory for that matter.

Try to grasp you brain around the comments of these protesters in Occupy Oakland:



With the focus of the protests in Zuccotti Park in lower Manhattan, the King of all Media, New York's Howard Stern, sent staff members down to get an assessment of what is happening. While FOX News host Geraldo Rivera was deeply moved, Stern and sidekick Robin Quivers were far from impressed.



FOX Business reporter and Wall Street veteran Charles Gasparino found nothing but Marxists.

It should be noted that the owners of Zuccotti Park, Brookfield Office Properties (BPO:NYSE), have ulterior motives for allowing the lawlessness taking place in the park as they have green energy interests that have received stimulus money from the Obama administration, as reported by the Business Insider.

Beyond the incredible lack of knowledge regarding common economic theory and business practices abound, another serious problem is very visible among the protesters. Not only rapidly growing globally, again fueled by Obama, anti-Israel sentiment is rampant. Get a load of this piece of garbage, whose parents must be beaming:



President Obama has stopped just short of vocalizing full support of these anti-American free loaders, but many of his friends and cohorts, Van Jones among them, are in full support. Chaos is an ally of this group, as they never let a crisis go to waste. In what is an excellent but unfortunate true dig at the always present straw man argument of President Obama, some aim to "re-create 68", complete with violence. God help us all!

If the young people, with sound education, massive debt, no jobs and a true fear for the future were not political lemmings, they would easily recognize that any protests belong not at Wall Street, but at 1600 Pennsylvania Avenue due the horrendous economic policies engaged by the Obama administration.

Certainly, many big corporations have acted with malice leading up to and during this recession, as has government. Fannie Mae (FNMA:OTC), Freddie Mac (FMCC:OTC) and Bank of America (BAC:NYSE) come to mind. For me, I am working hard to distance myself from JP Morgan Chase (JPM:NYSE), Bank of America and General Electric (GE:NYSE). In addition, as a proud lifetime user of General Motors (GM:NYSE) vehicles, purchasing another new GM product is now on hold due their interaction with Obama.

While those who have broken the law on the corner of Wall and Broad must be punished, the young people protesting should embrace Wall Street and utilize it to build wealth for their future. Wall Street capital is the lifeblood for many growth companies, and investment opportunities are plentiful. Sure, you can get burned (have I told you the story of my investment in Level 3 Communications? (LVLT:NASDAQ), but you can also build quite a nest egg and you may even hit one like Google (GOOG:NASDAQ).

Of course, understanding basic economics is a must. Those protesting must recognize that for everything they get for free, someone somewhere paid for it. There is no free lunch. In a society with no incentives, innovations will be rare, which will lead ultimately to a dying society. Is America already committing suicide? Patrick J. Buchanan dives into the issue in his new book "Suicide of a Superpower".

Incentive and innovation produce many of the products these dopes are running around using, from cell phones to I-Pads. Many are seeking use of the restroom at a nearby McDonalds, one of the greatest growth stories of all time.

I encourage the protesters to join the party by buying in on Wall and Broad! Snare 100 shares of McDonalds (MCD:NYSE) and see what happens over the next decade or so. Become a shareholder, with skin in the game. Then, provided we adequately squelch the socialist uprising and re-establish once and for all the The Kudlow Creed that free market capitalism is the best path to prosperity, America will return to all her glory.

CNBC Favoring Obama?

I closely follow the goings on on the corner of Wall and Broad in Manhattan, and as such, have a monitor on CNBC throughout the day. I think they do a very good job, from watching the markets to the production of a tremendous slate of documentaries and for the most part, have an excellent group of anchors and reporters.

Unfortunately, the evidence is mounting that CNBC, with Obama corporate partner General Electric as their parent company, has taken a hard left in the presentation of their programming, and this is not good.

A race for Governor of New Jersey produces a case in point. Larry Kudlow, who is fabulous, presents commentary on information the race is over based on polling on Monday nights Kudlow Report.


Over on FOX & Friends this morning, the lovely Gretchen Carlson has an interview with Republican candidate Chris Christie and presents polling which show Christie with a slight lead.



Who is right? Rasmussen polling, the recognized leader in polling, has Christie slightly up, so go figure! So, is CNBC reporting way off or is there a bias in presenting Dave Corzine, the Democrat and Obama backer, ahead? Seems obvious to me.

Want more? Recently, on CNBC's Fast Money, commentary about the policies of Obama was squelched. Charles Gasparino, a stout reporter who is quite aware of his skills, was nudged (did you get the Cass Sunstein pun) by host Melissa Lee to button up when speaking of Obama. Take a listen:



If CNBC thinks traders are not cognizant of the anti-capitalistic policies of Obama and how they will effect the earnings, and composition for that matter, of traded companies going forward, they are completely misinformed. Furthermore, to muzzle a correspondent making this commentary, points to an internal bias.

Increasingly lengthy face time for anti-capitalist far left progressive power brokers like Howard Dean and John Podesta is one thing, but efforts to curtail those attacking the policies of Obama, particularly on the home court of CNBC where economics and finance rule the day, will push FOX Business Network straight to the top!