Occupy Wall Street not happy about Wisconsin or Obama

That. Greece's hearing -- joining us now our own group. He is from independent dot org. That is a magazine I guess is that -- associated will Occupy Wall Street he's also with the occupy Wall Street Journal. Recently wrote a piece called Wisconsin's recall election an ominous crucible of US politics -- room welcome to WRKO. Todd -- the other guy. So loud and that tell us about your assessment. Of your your where are you with Occupy Wall Street are on occupied journalist Heidi define yourself. I am. Its founding editor of the independence and the occupied lost feature all. Mom also a contributing reporter to the guardian and so on. Been covering the Occupy. Movement. For the last eight months. Okay I don't not a member of it is that I'm just wondering what your perspective is that you're coming to this. -- respected reporter okay. Cool. And -- tell us about your assessment. Of the Wisconsin recall election. Well we that we saw at the National Democratic Party you know Bible lighthouse. -- it dismissed Wisconsin has -- local. Conditions. But I think it's really an ominous sign. For. The Democratic Party which is in the deepest -- Obama which -- and at the local and an even more problematic. One of the fundamentals. Basses -- -- party organized. Labor. It is real V in the spiral. Dates yet and ten. It's seen its way out of it even the problem is pretty up. What indeed is this any institutionalization. Problem in other words that this top down management of the parties so. The Democrats obvious particularly being in power holding the White House. Debt everything all the driving forces are coming from the top from axle rod or or whomever. And that controls what the policy is rather than having a respect for grassroots politics. I think that it's definitely part of it but it's it goes deeper mean to Democratic Party is is as much the party of Wall Street as the Republicans -- You know we need to just go back to 2000 and NATO problem what's the number one recipient. -- -- Money from investment banks. Commercial banks hedge funds real estate history and the insurance industry and he has worked assiduously. To protect Wall Street. You know now one of these they engage in -- it's systematic fraud. One of these guys has been charged with anything. Justice Department. Obama has gone out on a limb repeatedly. To defend them they defended their bonuses but he. Did send all they are shaking shady trading practices. I was recently -- scoring around the country talking to a lot of that. People and a home for -- defenseman and -- totals a lot of lawyers who were on hold for closure 5% in the fraud it is and now Little League rant. And if these guys have been have been bought a couple of charges. And in fact. That the Obama administration. Pressured this state attorney general's. Two with the basically -- this deal to sweep it all under the rug. For about 25 billion dollars and five. I mean this is relatively came. You essentially have an administration. That can match so it's done -- eight. I'll bet that's what the real problem yeah this basically it follows after the Republican Party you know the Republican Party says we're gonna. Slash social spending to the boat that the Democrats say whoa whoa well let me be slashed at happily in the and I what you want. Social scenario what social spending has been slashed -- Health care spending. Education spending spending on that day anti poverty. Programs. You know and then at the same time also look we have. The rich and corporations paying the little issue there. -- national budget eight basically instances post World War II period. You know this is the guy Obama basically. Ran on platform I mean -- number one promise was I'm going to repeal the bush tax cuts. And -- in early 2009. When he was just Britney was political capital he could've gotten. Pretty much anything he wanted when he had a supermajority in congress is basically like. You know. Not really about the days perhaps that you know we we don't want to do that now even though it would've done nothing. It that are currently Condit. So you know we went this composition of this guy it's it's been the greatest protector. Of 1% and at Wall Street. So what do what do you see as being the underpinnings of why that's power politics works that's where you're saying his. That that that the big guys are controlled by the big money I guesses what you're saying and therefore they pay lip service. Two issues that are important to their bases but they don't actually do things at their bases are expecting them to do is that is that your point. Meanwhile the Republicans actually east stand for something I mean it's it's pretty you know it's true -- it's -- subjective and it's it's pretty. On issues I mean you know the VIP is that that corporations and her people is it is absolutely. Absurd. You know it's it's just like society. Is that accurate gauge. Out of a communities where where enters depends. You know that corporations depend on huge government subsidies. To think that they depend on roads and power wards. Airports customs. Courts police and -- on and on and on. And and then even more so from government contract in a and so we can use these corporations. And the -- out so there are even more extreme 22 trillion dollars in direct and indirect support. So the corporation. And of all this welfare. And yet we say that we cannot provide. People even though we're the richest country in the history of the world. With some sort of a basic. Standard -- And and it speaks slowly and are completely own walls and the reason -- 73%. -- of their Monday on from corporations and the -- But the you did despite your claims about slashing of government programs I've not heard of a single program being slashed that the proportion of this. So back to -- to the last budget there was plenty. There was about a hundred billion dollars out of Beazer is broke. Maybe out of heading out and right. Maybe out of planned growth -- room -- it is with us he is a reporter who covers Occupy Wall Street. And who comes from the left side of things that sounds like. And you know I I don't think anything the are claiming is happening with regard to spending is happening we we are. We are now spending one point four trillion dollars 40% more than we take in. I don't know how that represented its series slashing of spending what we need to find a way. It had been a look it's it's got to do that it would actually uses is all very basic -- This is not about left or right well what happened over the last five years is that extra -- -- -- I know that have Obama but she is overseeing. The -- who wrote. Incentive to -- it if we exclude that 2009. Budget which was paid -- She has oversee. These wrote in upper. Back in the Eisenhower -- it's it's it's it's less than certainly -- and rake in at 14%. -- currently less than an accident certainly less than bush senior bush junior and the you know every single Republican as a it appeared as an analyst wrote that the state and local level there has been all sorts that. Severe hot saying we're we're basically in a downward spiral -- in. Very much just basic classic textbook economic. Only his budget but textbook economics is also that you make adjustments which Wisconsin has done. And it gotten out from under some of the cozy deals that that. Public employees' unions have negotiated. So they can balance budgets without having to I'll go back to the people once they give us more money. And that. A YYU -- isn't that wedding when it comes to contract law. That the government debt stands -- over backwards. Two hey. I adhere to the contracts to corporations even when there's massive fraud at all let's remember where and when this economic crisis happened. The US government was paying a hundred cents on the dollar for all these credit people swaps. That it -- investment. Thanks -- -- absolutely there's a gate and yet that was crazy we speak it's that we take its okay. To to aggregate these are actually legal I don't so that's where I -- it it all hang out once -- take where people where we are now we're all sorts of concessions -- -- I think I like that little not a New York. Talking about gave birth to a large extent to the Occupy Movement and to the Tea Party movement people -- That our government is wasting our money. And that we seem unable to stop. I agree one trillion dollars on the military we spend 60% of the world military budget that's absolutely certain it's it and that's of subsidies. All so it's also absurd to have localities. And states going broke. Because they're paying their public employees ridiculous pensions compared to what's paid in the private sector. Not thinking about that and that's absolutely it's there. We at least not -- these big deep these crooks and in Wall Street or walking away with hundred million dollar. Pensions and golden parachute. Meanwhile we're blaming teachers who -- effectively it's not a lot to not get so it's a -- before I retirees like what they're -- -- for our annual -- -- anyone's budget day to me and I know I know which argument. You ignored the fact that tax revenues have dropped dramatically. That corporations. Now. We're in the 1950s they were paying 30%. Of the total tax revenue. They're effective tax rate now is -- about 7%. You know gee you know we can go down the list of corporation that not only -- in July. So I know you're at and how we got a caller for you our own Gupta is here Peter your NW RKO. Would you say that this is that fascist country and would you say that word empire. What you say that the Federal Reserve is the biggest problem we have. Is this so stats this country. I don't know I admit I mean I think you know from an candidate cooperation. In -- -- need -- is not a armed men and they classic. Definition it is. Where you have a section. The working class in the alliance in an upper class -- A national renewal. Based on the basically essentially some nationalistic. Spiritual. Mysticism. And that the Tea Party I think in that regard is a lot I attached to it is it is an extremely reactionary movement. -- white conservatives. Study that Tea Party. You know what's -- what's -- older white people keep. Like what's wrong with a -- right people. I'm not saying there's anything wrong I'm just describing what -- You know there's innuendo in -- that if or another race say there's innuendo that would be called racist if you if you were to. Put it in into it different categories steam here on WRKO with Arun Gupta. What to be an interest. C go ahead. You're blaming Obama. He's. The least amount of growth. An annual real pop you know -- -- bullish bullish and access. Yeah ring any bells showed that it. One Democrat president absolute lowest growth and built for a Republican practicing -- real at a high rate that growth. So you're talking about government -- on the about governments that they. And I don't think anyone would certainly characterize. George Bush senior at her high rate of growth and makes an error as a high rate of growth or George Bush junior has a high -- -- That could be you're talking about three Republican presidency and basically over so well what recession after it up there. -- you need to go back to the historical record. Stay I wanna get back to where that the first -- had to say like yes we we certainly are an empire you know last summer. We were bombing six separate country you know when you have one country. That is basically about 4% of the world's population accounting for 60%. Among the military spending and and which had military bases in perhaps. The countries of the world that that's a pretty good definition on the -- and -- All right Mike you're on our kill the room -- -- hi Mike. Mike go ahead. -- without -- picked up a Federal Reserve. I'm look to take it there's a lot of deep misunderstanding about the afterwards there I am. Absolutely no fan of the physical reserves break here's the thing we we have every country does economic plan. The way it tends to occur in this country the economic planning is done in the executive poor strike. Every day executives decide. That they're going to undertake actions that will have a detrimental effects on the public they're going to -- the -- -- in the that the land. Poisoned the walker. Engage in all sorts of fraudulent activity. And doing it all at public expects. In the in the capitalist society you need to have a Central Bank that that plays regulating world Koppel with the Federal Reserve it's it's it's actually. This kind of private public hybrid that that there is a real Democrat. Control over if you get rid it of the outdoors -- critical list and that's that does absolutely nonsense we basically go back to the late night. So your argument we see you happen to be here where I should say you're saying Nancy more of a public institutions -- -- of a private ones and your point. Of course I mean I think transparency. Is what -- all out silent. Control room and we're out of time thank you for being here -- room to tell you -- website you want people to go to. Again I keep I USA today dot com people -- Lou read my reporting its guardians. Truth -- useful. All right thank your own group to appreciate you being here stay tuned for more the -- fibre channel 680 WRKO.