NEWS FLASH

GOP Financial Services Chairman: Occupy Wall Street Is ‘Misdirected,’ Should Protest ‘Job Killing Regulations’ In DC | Several Republicans have reacted to the ongoing Occupy Wall Street protests with derision, with Mitt Romney calling them “dangerous,” Herman Cain describing them as “un-American,” and Rep. Paul Broun (R-GA) saying the protests are an “attack upon freedom.” Today, House Financial Services Chairman Spencer Bachus (R-AL) — who believes that Washington’s role is to “serve the banks” — said during a hearing that he believes the protests are “misdirected,” and that the protesters should instead come to Washington, DC to protest “job-killing regulations.” Watch it:

Of course, the protesters are voicing their opposition to the power of the biggest banks — which caused the Great Recession — alongside rising income inequality. The GOP’s tale of “job-killing regulations,” meanwhile, is, for all intents and purposes, a myth.