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    STEVE FORBES: The Wall Street Protesters Should Occupy Congress Instead

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    Today marks the two-month anniversary of the Occupy Wall Street movement. To celebrate, organizers have called for a national "Day of Action" for the country's 99% to rally against Wall Street and the richest 1%.

    This morning, the "Occupy Wall Street" protesters in New York tried to shut down the New York Stock Exchange. They failed, but they made a bunch of noise and created quite a spectacle outside.

    Steve Forbes, the Chairman of Forbes Media and a former Republican candidate for President, thinks the protesters are protesting in the wrong place.

    Specifically, Forbes thinks the protesters should be occupying Congress and the rest of Washington.

    A die-hard free-market conservative, Forbes thinks the problem with the U.S. economy is over-sized government, over-burdensome regulation, and huge debt and deficits that are destroying the value of the dollar. If we shrank the government and got our fiscal house in order, Forbes argues, confidence would return. And the inequality and joblessness that is fueling the social frustration would begin to ease of its own accord.

    So why aren't the protesters occupying Congress? Why are they symbolically trying to shut down the economy (and make the jobless problem worse) by storming the New York Stock Exchange?

    Forbes thinks the protesters are focused on Wall Street because they don't want to bite the hands that feed them--Congress-people who support the big labor unions.

    The way out of our current problems, Forbes maintains, is less government intervention and more free-market capitalism, not the reverse.

    Meanwhile, a couple of brave Wall Streeters in suits and ties joined the protesters this morning. They carried signs saying "Occupy A Desk!" and "Get A Job."

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    527 comments

    • Steve  •  Alpharetta, Georgia  •  4 months ago
      Careful what you wish for!
    • anonymous  •  4 months ago
      when Business owns the government who do you protest? BOTH! unfortunately, we a re no longer a democracy since Corporations are now considered people
    • Alicia  •  4 months ago
      Steve Forbes, you are half right. The protestors are protesting in "half of the whole"; i.e. They should protest in both sectors - Wall Street & Congress! Wall St. has trumped the rights of the people - the middle class & those in the lower sector of the socio-economic level in society. Wall Street through it's CEOs & leaders influence our politicians through lobbying, campaign donations, etc. to divert policies for their selfish business interests. Mr. Forbes, you don't fool me & your hand at business journalism doesn't fool everyone else either. You are a charlatan!!
    • frank  •  Whittier, California  •  4 months ago
      forbes definately rigth clean up congress and wallstret at the same timeand also local government and education inevery level this would be the real american dream instead of the american nightmare todays reality is we live in failed corrupted system
    • Drew  •  6 months ago
      Simple solution - term limits, ban lobbyists and change/create laws that treat politicians like anyone else (with harsher enforcement if violated based on trust imbued in these jokers).
      • Dan 6 months ago
        We've tried this and the Republicans keep gutting the laws or creating detours around them.
      • Sunny 6 months ago
        The other party career politicians are no saints either. Therefore, TERM LIMITS won't fix this. They will just go on like a merry-go-round, or get their cronies, friends and family in. Only smart voters who won't fall for lies and promises of welfare, and taking more from "other" people, can fix this; not Occupying wall street.
      • Lance 6 months ago
        Where do the lobbyists originate? Remove the temptation. It is coming from Wall Street.
    • mr.  •  5 months ago
      yes, mr. forbes, you make a very good point! as of this week we put your advice to #occupycongress into practice.

      two small caveats: first, we don't demand less government but demand you and your likes to stop meddling with the government (if you want to participate in our republic - vote; using money instead is non-democratic).
      second, when it comes to not wanting to bite "the hands that feed them" - this campaign ('take back the capitol') was organized by various groups including labor unions (like seiu):
      http://www.99indc.org

      so seems like maybe you are right? once people take charge of their own republic back from trans-national conglomerates,"the inequality and joblessness that is fueling the social frustration would begin to ease of its own accord".

      or did we understand you wrong?
    • steve  •  6 months ago
      I've been saying their occupation is focused on the wrong target for months. You will not stop Corporations from lining the pockets of Congress until you change the rules on how Congress functions.
      • lostnconfused 6 months ago
        Amen Steve! But how do you change the rules when congress is the rulemakers?
    • PK  •  6 months ago
      He might have a point. Wall Street already occupies Congress.
      • Steven J 6 months ago
        No, the Congress is nosing its way into Wall Street.
      • Kathie 6 months ago
        Exactly! Always follow the money, you'll find the culprit!
      • Michael 6 months ago
        You OWS morons don't get that you are the deadbeat part of the 99%. Many of the respectable majority of the 99% are trying to get to and from work, but you lunkheads are blocking the streets!
    • Big Oil is watching  •  6 months ago
      can anyone tell me what their is to look forward to in life?
      1) housing crash and many mortgages underwater
      2) doubling of college tuitions
      3) rising gas and food prices
      4) no job security
      5) massive increases in health insurance costs
      6) stagnant growth of savings
      7) stock market corrupt and unpredictable (401ks tanking or stagnant)
      8) social security and medicare in danger of disappearing

      unless you have a low payment 30 year fixed and a small mortgage, you are screwed.
      I keep reading articles with predictions of 20 years before the housing market returns to
      its highs..
      • CoolShorty098 6 months ago
        Get ready for the coming deflation, once these ponzi schemes collapse.
      • US History Instructor 6 months ago
        I've traveled the world and never found another country I could be comfortable in!
      • Mallard 6 months ago
        Try Iceland. Looks like they have their heads on their shoulders there.
    • Big Oil is watching  •  6 months ago
      wallstreet owns congress, they are just cutting out the middle man
      • Concerned 6 months ago
        Wall Street does not own Congress, the American People do with their vote. I am guessing you live in a Democrat District and your representative has been in Congress for over 10 years. In NE PA we threw out our Democrat Congressman who was in Congress for over 20 years and replaced him with a person to cut spending. If he does not do his job he will be gone in 2012. That's how you protest in the US with your vote.
      • Big Oil is watching 6 months ago
        I live in a republican district, but the same guy keeps getting voted in every election. Wallstreet is the problem. lobbyists are the problem. campaign contributions are the problem. separation of business and state needs to happen ASAP
      • Earthman 6 months ago
        Wall Street is nothing more than a trading center. Congress makes the laws not the trading center.
    • deadkenny  •  6 months ago
      forbes is absolutely right . all the things the Occupy Wall St crowd complain about are only possible because Congress allows them to happen. Big Business , hedge funds and big financial institutions don't make tax policy , don't regulate the markets and don't run the accounting standards boards . All they do is look at the landscape provided by Congress and regulators and decide how to game the system to maximize their own profit . If the system sucks , don't blame the beneficiaries ...blame the people who make and enforce the rules.
    • CommonSense  •  6 months ago
      NO candidate should receive more than $20 from any citizen.....ONE MAN ONE VOTE
    • R.T.  •  6 months ago
      This Congress is OWNED by Wall Street. Insider trading by active Congress people from
      BOTH parties. It is supposedly a jail term if a private individual does it.
    • Old Dad  •  6 months ago
      The article is wrong: Steve Forbes is called, "A die-hard free-market conservative...". We don't have a free market anymore -- instead we have Crony Capitalism and Monopoly Capitalism. If we had a free market, our nation would be doing well now...
    • Jasper  •  6 months ago
      free market and capitalism is a good thing. bailing out banks on the other hand is not capitalism, that's fascism. The government, the fed and the big banks are the root causes.
    • Joe 6-pack  •  6 months ago
      They should be protesting the merger of the government and the corporations. Capitalism has been replaced by something else. It should not be the job of government to protect the interests of the large corporations.
    • John P  •  6 months ago
      You are right congress and the supreme court are the problem. But you must go to the source where the money is!!!
    • Windguy  •  6 months ago
      Steve Forbes - ahhh - old family money right? Huuh! Congress wouldn't be such a big problem if Wall Street hadn't thrown a generation of lobbyists and money on the Hill. America's condition is a construct of big money - left and right - all of seeking favor and preference via Congress. Wall Street is non-partisan when it comes to buying/currying favor.

      Regardless your own position - this is going to get worse before it gets better. Maybe that is what we need.
    • D  •  6 months ago
      Stop sending jobs to China. OB appoints the CEO of GE as his job czar??? GE, the company that has sent thousands of jobs to China. Every one wants free trade. There is no such thing as "free" trade.

      Stop buying stuff from China. Go out of your way to buy made in America. Will you do that or just complain there are no jobs?
    • p.diddles  •  6 months ago
      Agreed, how do you guys think they got so rich? Laws and regulations work in their favor. Since 2008 not one Wall Street exec responsible for market downfall has gone to prison, even though they clearly acted illegally and immorally. Obama has continued to accept a ton of money from the banks…while publicly ridiculing them he has done nothing to make them accountable. Members of Congress as well…it’s hard to make an honest living.

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