DeFazio: A Politician That Understands Occupy Wall Street

Despite significant support from voters in New York City and around the country, who say they agree with the economic opinions of the Occupy Wall Street movement, it seems that some politicians are determined to turn a deaf ear to the growing dissatisfaction of the 99%.

“I think it’s dangerous, this class warfare,” said presidential hopeful, Mitt Romney to a Florida crowd on October 4th.

“Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself!” said Herman Cain, author of the controversial 9-9-9 tax plan. “It is not a person’s fault if they succeeded, it is a person’s fault if they failed.” He suggested the demonstrations were planned “to distract from the failed policies of the Obama administration.”

“I regard the Wall Street protest as a natural outcome of a bad education system, teaching them really dumb ideas,” said presidential candidate Newt Gingrich on October 9th.

That’s why this video from Representative Peter DeFazio (D – Oregon) is so refreshing.

DeFazio acknowledges that 99% of Americans are tired of Congress and its corporate minders standing in the way of American jobs, a fair tax system, and true economic recovery. He also admits that describing Wall Street and the major corporations whose wealth it represents as “job creators” is laughable, and that asking the American people to pay the price for its crimes is deplorable.

“It is time,” says DeFazio, “to deal meaningfully with this problems in this country.”

Related Reading:

“Greedy Lying Bastards” Exposes Big Oil’s Dirty Secret

Lessons From Tahrir Square For The Occupation Of Wall Street

Occupy Yourself: Action Is The Antidote To Despair

Image Credit: Flickr – WarmSleepy

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Thomas L.
Thomas Liddle4 years ago

I like this guy, "Unless..." he goes on, "there's no hope."
Pat on the back for this guy, someone had to say it.

Eric Lees
Eric Lees4 years ago

Let's not loss focus of the cause of the current depression.

Let's not forget that it was the FED that spiked the punch bowl and continuous to do so; to use Peter Schiff's analogy. The FED encouraged the risky Wall Street investments through low interest rates. Also Freddie and Frannie for the mortgage mess.

Wall Street was just playing the game but it was the government was the ones dealing the stacked deck.

Cathy Noftz
Cathy Noftz4 years ago

~It's time someone has got it right!!~We need more people with the same mindset!!~

Eddie Obler
Eddie O.4 years ago

The regressive right has slowly consolidated power over the last three decades as income and wealth have concentrated at the top. In the late 1970s the richest 1 percent of Americans received 9 percent of total income and held 18 percent of the nation’s wealth; by 2007, they had more than 23 percent of total income and 35 percent of America’s wealth. CEOs of the 1970s were paid 40 times the average worker’s wage; now CEOs receive 300 times the typical workers’ wage.

_______ If you support this, you must be one of the super-rich wanting to get richer and richer, or you must be blind not seeing what's happening here. Don't you realize that this is a time bomb ready to explode if this greed and corruption isn't curbed?

Eddie Obler
Eddie O.4 years ago

Here's a few more "poor" people who Rick Perry cares so deeply for and wants to reduce their taxes since they're struggling so much! Some, very unfortunately, made less than 20 million for the past year. Where's the violin??? And, ironically, the companies they are in charge of are doing pretty poorly!!! GIVE ME A BREAK --------------America's most overpaid chief executives
These 8 have made fortunes from companies they don't run very well
8. Kevin Sharer
Company: Amgen Inc.
Total compensation: $21,138,133
Change in stock price: -3.0 percent
7. William Weldon
Company: Johnson & Johnson
Total compensation: $28,720,491
Change in stock price: -4.0 percent
6. Robert Stevens
Company: Lockheed Martin Corporation
Total compensation: $21,897,820
Change in stock price: -7.2 percent
5. William Swanson
Company: Raytheon Co.
Total compensation: $18,787,343
Change in stock price: -10.1 percent
4. Miles White
Company: Abbott Laboratories
Total compensation: $25,564,283
Change in stock price: -11.3 percent
3. Laurence Fink
Company: BlackRock Inc.
Total compensation: $23,839,294
Change in stock price: -17.9 percent
2. Tom Ward
Company: SandRidge Energy Inc.
Total compensation: $21,756,257
Change in stock price: -22.4 percent
1. John Chambers
Company: Cisco Systems
Total compensation: $18,871,875
Change in stock price: -31.4 percent (FYE: 7/

Eddie Obler
Eddie O.4 years ago

Rick Perry - I'm all with you, Lets give even much more money to Bank of America!!! They have been suffering and they're such a compassionate company and they certainly deserve an even greater tax break.

Their CEO made just a few dollars less than a million last year, and I heard he only received 9 million in bonuses --- certainly he deserves much more money than that. We all support this poor, poor, soul, and surely should reduce his taxes to zero. Then, maybe he'd give you a big part of that 9 million so that you would be assured of being elected. WOW, we can all win, well, maybe not ALL of us, but at least the top 1% could win even that much more than they already have, and the rest of us, well, we don't really matter - we're just here to be screwed over and over again by the corrupt politicians and the most greedy of the greedy corporations.

And, Bank of America is certainly most grateful for all our money to bail them out. Just read the bit below to see how they treat their employees out of their "sincere" gratitude. =======
4. Bank of America Just Announced That It Was Laying Off 30,000 People: The “firm’s 30,000 job cuts are more than double what any other U.S.-based employer has announced so far this year, according to a employment tracking group.” The layoffs come after a decision by Bank of America, JP Morgan, and Citigroup earlier this year to “outsource IT and back office projects worth nearly $5 billion this year to India, as they see

Cynthia M.
Cynthia M.4 years ago

Rep. DeFazio has it right ... and thank God, has the intestinal fortitude to speak the truth in a highly polarized environment, our government. We have become a corporate oligarchy rather than a democratic republic. And I am grateful for those with the courage to speak out. The new information emerging about the corruption and abuses of power within the Federal Reserve are a direct result of those courageous voices. This whole circus keeps bringing to mind the book, "The Creature From Jekyll Island" about the formation of the IRS and the 5 or 6 ultra wealthy European American banking families that convinced FDR to go off the gold standard (our first slippery slope) ... for a tiny percentage of the action. Each of those families today is fabulously wealthy: Warburgs, Mellons, Rockefellers, etc. ... all on the interest they charge to back American currency. Sounds bizarre doesn't it. But check it out. Most folks don't know that the IRS is NOT a branch of the Federal Government, but an off-shore (yes, that's correct) collection agency for the Federal Reserve Bank. Housed in Puerto Rico, an off-shore US Territory that will never get statehood as long as the IRS is headquartered there (that's where the routing number on your federal tax return routes the funds to ... check it out,) the IRS is subject only to International Law, NOT US Law. That is why one must sue the IRS in international court to be effective. No US Court has jurisdiction. Most also do not know that our

Toby S.
Toby S.4 years ago

Please please please watch "theamericandreamfilm" so I can have someone to laugh with. It's a 30 minute cartoon that's hilarious.

Barbara U.
Barbara U.4 years ago

Rose: Got a headache just trying to read thru your "rant." I believe OWS was bound to happen sooner or later. Every citizen in this country deserves a chance at the American Dream. We are tired of Big Corporations manipulating our elected officials into looking out for thier best interests - instead of the interests of the American people.

The people of OWS are diverse, all occupations and walks of life - which repersents the majority (99%) of Americans. People just want a to be able to recieve a decent education or learn a trade so they can get a job that pays the bills, feeds thier kids, etc.

Seems like the Big Corporations are sucking the life out of this country. They own our politicians, especially republicans. And it's gotten worse thanks to Citizens United vs the FEC which equates Corportions with an individiual person.

Corporations are making record profits - but they are not hiring. CEO's make millions of dollars a year, while thier workers scrape by or see thier jobs sent overseas to workers that make pennies and still live in poverty dispite having a job. Poor countries don't have human rights like child labor laws etc., and the companies take full advantage - do we really want to go back to this era? (been there, done that? remember children working in factories, coal miners living in poverty and dying of black lung?)

You see some of these people who are against OWS movement, saying suck it up, that they work 2-3 jobs to pay thier bills etc.

Frances C.
Frances C.4 years ago

Rose, you might want to think about watching/listening to something other than Fox liar channel, Beck and Limbaugh. It's frying your brain. And that's not good, people might find you babbling on the street. Beck Beck Beck, Sharia law law law, Limbaugh rush rush, communist commie com me, marxist marst marxx mmmmmmmmm blabla, birth certificate birthkenya cert cate bbbct kenbircertcccccccccccccc bla.