The Occupy Wall Street protest that began in New York City more than three weeks ago has sparked an entire movement, based on the principle that the economy should work for everyone, not simply the richest one percent. At a time when income inequality and corporate profits are running sky high, right alongside joblessness and foreclosures, a movement like this captures the very real pain felt by “the 99 percent.”
However, the financial prognosticators on CNBC — including Larry Kudlow, Jim Cramer, and Joe Kernan — have found nothing but scorn for the protestors, deriding them as “bizarre,” “freaks,” and “law-breaking” “anti-American” “anarchists” who are “more aligned with Lenin.” Watch a compilation:
It’s no real surprise that the same pundits who derided subprime lending victims as “suckers,” vigorously defended the righteousness of bailed-out banks paying million dollar bonuses, believe tax havens prevent tyranny, and cited Glenn Beck as a new economic indicator would find the Wall Street protests off-putting. But their comments merely highlight how out-of-touch they are with the common American, as they cater all day, every day to the Wall Street crowd.