Good column here in the Wall Street Journal about the underlying feelings and risk of targeting our frustrations on big business and financial institutions.
Obama's proposed millionaire tax has probably spurred this movement a bit, but it indeed taps into growing frustration over wealth disparaties and the perception that corporations are sitting on fat profits and financial institutions that caused the recession got bailed out while the average Joe has been hosed.
Doubt this movement will have the influence the Tea Party movement has had. They do share a common disgust at government bailouts of big businesses, although the end goal is surely much different.
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What is more interesting is that Obama recieved campaign contributions from many of those wealthy (bankers, businesses/men) whom the protestors oppose!
Of course the Democrats and Unions want to jump on the bandwagon and make it an issue for 2012! (I guess they can't blame Bush!!!!!)
They just won't accept that the reason the economy has stalled is because of Obama's and the Progressive's policies!
Besides, how can people possibly invest in an environment where there is so much uncertainty!
(Real and perceived!)
AND
Where all that Personal and National Debt has yet to be resolved? (Especially and most likely where a deflationary environment has decreased the value of most assets - i.e. upside/down.)
It actually might be a couple of one term presidents before things really get turned around - if they ever do!(I certainly hope they do!)
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