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OCCUPY WALL STREET: Separating Fact from Media

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Headlined to H2 10/14/11

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They're mad that corporations that took federal bailout money gave seven-figure bonuses to their executives.

They're mad that the U.S., of all industrialized countries, has the highest ratio of executive pay to that of the average worker. The U.S. average is about 300 to 475 times that of the average worker. In Japan, Germany, France, Italy, Canada, and England, the average CEO earns between 10 and 20 times what the average worker earns, and no one in those countries believes the CEOs are underpaid.

They're mad that 47 percent of all persons who earned at least $250,000 last year, including about 1,500 millionaires, paid no taxes, according to Newsmax. If you're a Republican member of Congress, that's perfectly acceptable. They're the ones who thought President Obama was launching class warfare against the rich by trying to restore the tax rate for the wealthiest Americans. They succeeded in blocking tax reform and a jobs bill, but failed to understand the simple reality--if there is class warfare, it is being waged by the elite greedy and their Congressional lackeys.

Herman Cain, Fox TV pundit Sean Hannity, and others from the extreme right wing said the protestors are un-American, apparently for protesting corporate greed. The Occupy Wall Street protestors aren't un-American; those who defend the destruction of the middle class by defending greed, and unethical and illegal behavior, are.

[Walter Brasch is an award-winning syndicated columnist, and the author of 17 books. His latest book is Before the First Snow, a social issues mystery set in rural Pennsylvania.]

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www.walterbrasch.com

Walter Brasch is an award-winning journalist and professor of journalism emeritus. His current books are Before the First Snow: Stories from the Revolution , America's Unpatriotic Acts: The Federal Government's Violation of Constitutional (more...)
 
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They're just too overwhelmed to respond effectivel... by Evan Stevens on Friday, Oct 14, 2011 at 11:00:34 AM
Now if we could only get the news media to print t... by liberalsrock on Saturday, Oct 15, 2011 at 9:39:34 AM
Bravo, mon ami, tres bien dit.... We support you &... by Ted Rosa on Saturday, Oct 15, 2011 at 6:15:26 PM
Indeed - nobody here in Germany, for example, thin... by Stefan Thiesen on Sunday, Oct 16, 2011 at 8:03:25 AM