Romney, Wall Street Occupation and Obama

After three weeks of protests, or "occupation," the Wall Street movement (for want of a better term) has begun to pick up enough momentum that even Mitt Romney noticed: he griped it was "class warfare."

In Egypt, the demonstrations at Tahrir Square met with some police violence, just like the Wall Street protests, but they were largely peaceful and prevailed in the end. In Bahrain, the King called in the Saudi army to suppress the protesters. One hopes our military is more like the Egyptian than the Saudi; it's largely American, at least.

In some ways, the Wall Street grievances are not comparable to those of the Middle East. There, all the governments were openly corrupt dictatorships. The elite that has taken power in the US has used more subtlety.

First of all, there really was a counter-revolutionary coup, but in stages. It was first partly successful with Reagan, and the selfish class steadily gained power even with Clinton. The rate of takeover accelerated with the Supreme Court coup that put Bush II into the White House, and has hardly been retarded by Obama. Obama's capitulation to the corporate position on the environment (against science and his own EPA) and at least temporarily on taxes is symptomatic: the Obama "revolution" hasn't happened yet.

A friend of mine, more centrist than I am, was outraged when I remarked I wasn't going to donate or work for the Obama campaign the way I did in 2008. Then, I not only gave money, many times, I also volunteered to work in the campaign out of Poughkeepsie, NY and also in Pennsylvania. I'll still vote for him, probably, if I vote, unless there really is the possibility that a more liberal/anti-war, pro-New Deal third party could emerge. But, and this is a warning to others similarly inclined, the one time I did vote for a third party candidate, because I was disgusted with the Democrat, was the Reagan election against incumbent, Jimmy Carter.

Either Obama is much less progressive than he made himself out to be, or he was overawed by "the experts," professionals (both civilian and military), and by the selfish class elites. Obama is very bright, but he naturally seeks out compromise, even when the other side was considerably weaker (before 2010) and intransigent. To seek compromise under such conditions only ensures that radical conservative positions tend to become even more radical.

FDR's advantage was that he was Old Money, and couldn't care less if members of his class hated him. Obama is an arriviste; he's too impressed/overawed by the Lawrence Summers and Tim Geithners of this world.

That's why the Wall Street protests are on target, and why Mitt Romney's remark is an indication they are beginning to hit home. Maybe Obama will finally get it.

We still have a chance to escape the fate of Fifth Century Rome, but Obama needs to turn into another Truman, not another Carter.