Christie gets it wrong on OWS and Tea Party

New Jersey Gov. Chris Christie’s attempt to liken Occupy Wall Street protesters to Tea Party activists demonstrates a gross misunderstanding of both movements.

In a video from a town hall meeting, which my colleague Charlie Spiering posted below, Christie responds to a question on the Wall Street protests by arguing that, “I think if you look at the Occupy Wall Street folks and the Tea Party folks, that they come from the same perspective, they just have different solutions. ”

Corporate Welfare

In America today, the biggest recipients of handouts are not poor people. They’re corporations.

General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama’s Economic Recovery Advisory Board. He’s a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)

Take the ‘Crony’ Out of ‘Crony Capitalism’

When Judge Richard Posner, the prolific conservative intellectual, released his book “A Failure of Capitalism: The Crisis of ’08 and the Descent Into Depression” last year, you might have thought the final verdict was in: Capitalism caused the economic downturn and high unemployment.

That this verdict was pronounced by someone like Posner, who is associated with the University of Chicago and the free-market law and economics movement, gave moral support to all the politicians who were intent on exploiting the recession (as they exploit all crises) to increase government control of the economy.

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