OWS and National Debt

"Obama Owns Occupy Wall Street"

By Nick Kalman

Former New York City Mayor Rudy Giuliani says responsibility for the

Occupy Wall Street

movement rests squarely on the shoulders of President Obama.

"This is a very dangerous movement, and it's ironic it's happening under a president who promised to unify us," Giuliani said. "Barack Obama owns the Occupy Wall Street movement, it would not have happened but for his class warfare."

The Occupy Wall Street protests broke out in cities all over the country shortly after president Obama called for tax hikes on the wealthiest Americans. Some of the protests have turned violent. In Oakland, California, more than 100 people were arrested and eight were seriously injured Thursday, with protesters leaving stores in flames, and streets littered with broken glass and debris. A week earlier a former Marine suffered a fractured skull in a confrontation with Oakland police. Obama predicted the movement will eventually lead to the end of Obama's presidency. "Barack Obama praised it, sympathizes with it," he said. "As it gets worse and worse, I believe this will be the millstone around Barack Obama's neck that will take his presidency down." }

In the days leading up to the Nov. 5 reoccupation effort, online reports have surfaced claiming that “Occupy Atlanta” has enlisted the help of the religiously charged and oft-controversial Nation of Islam.

OWS and Democrats reportedly joining forces with The Nation of Islam, The American Nazi Party, The American Socialist Party and the American Communist Party will not be a welcoming sign to the majority of Americans. If this sticks in the minds of voters next November the Democrats will once again be the minority party in Washington and elsewhere.

U.S. Approaches $15 Trillion Debt Limit

It will be the latest sobering economic milestone that few were hoping to see: The U.S. national debt – any day now – will soar above the $15 trillion mark.

In Washington, a polarized Congress has ground to a halt in the dispute on how to jumpstart the economy and reduce the country’s deficits. Only a few months ago, the acrimonious debate on Capitol Hill about raising the debt ceiling – a debate that almost caused the Treasury Department to default on its debts – illustrated the enormous partisan divide that still shows no signs of improving.

The approaching $15 trillion debt milestone is not even the only piece of bad economic news for the country. The jobs report for October – released this morning – showed that U.S. employers added an estimated 80,000 jobs to their payrolls last month, worse than economists expected. The unemployment rate decreased to 9.0 percent, down from 9.1 percent a month earlier, small consolation for a nation still struggling to recover from a severe recession.