The communists endorse the Occupy Wall Street crowd. No surprise the communists like the protesters. After all, Brian Phillips, their self-proclaimed leader, said the group’s goal is nothing less than “the overthrow of the government.” The question is: Why have Barack Obama and the Democratic Congressional Campaign Committee cozied up to them? Are they that desperate for votes? I guess the answer is “yes.”
Subsidizing cars in Europe. After receiving Energy Department loan guarantees totaling $529 million to manufacture electric automobiles, the Fisker car company said it couldn’t find a facility in the United States capable of doing the work it needed; so it moved its assembly line to Europe. When he praised the original loan, Vice President Joseph Biden said it would be “a bright new path to thousands of new jobs.” Yeah, Joe, but you didn’t say they’d be in Finland.
Turning fairy tales into class-warfare propaganda. A new version of The Pied Piper of Hamelin has just been published for kids. In this version, the children live in rat-infested garbage heaps while “the rich and greedy” live in comfort. The mayor and his councilors are “the nastiest of all the rich folk,” having bilked the working people out of their just due. In this version, the piper leads away both rats and children. But he says he’ll return the latter if the evil rulers change their ways. It sounds ideal for parents in the Occupy Wall Street crowd, doesn’t it?
Student loans pass the trillion-dollar mark. Students and workers seeking retraining borrowed more than $100 billion in Federal loan programs last year, according to the Federal Reserve Bank of New York. Total indebtedness for such loans will exceed $1 trillion by the end of the year — more than all the money that adults in America owe on their credit cards. And unlike most other debt, student loans cannot be erased by bankruptcy. It looks like a lot of youngsters will owe a lot of money for 20 years.