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Wall Street Protest Starting to Look Like Egypt
Wall Street Protest Starting to Look Like Tahrir Square, Egypt
Alexander Higgins reports:
NYPD police scanners are estimating a crowd up to 5,000
are occupying liberty square in a scene that is now starting to look
more like Egypt’s Tahrir square.
The protests have become so large that Fox News has set up a live stream covering the protests. Here are some screen shots from their camera.
Thousands Turn Out To Occupy Wall Street Protests Sept 30 -2
Here are some additional photographs from a helicopter.
Who Are the Protesters?
Wall Street is trying to write all of these people off as being
“hippies” who “need to get a job” (to which the protesters would
respond: That’s the point – There are no jobs, because Wall Street has destroyed the economy.)
The poor and the desperate, formerly-middle class people participating in the protests are not taking well to Wall Street’s “Let them eat cake” response.
But all types are marching, including grannies and pilots:


Marines and other military men and women.
Wealthy folks such as Russel Simmons and Alec Baldwin.
On the other side of the protest line, Mayor Bloomberg is whining that the protesters are targeting bankers who “are struggling to make ends meet”.
He has a point: if Wall Street is reined in so that the rest of the
country has a chance, the bankers might have to cut back on their mistresses, prostitutes and solid gold toilets.


Class Warfare?
Yes, this is class warfare. But it is class warfare by the 1% against the other 99% (and see this). Specifically, it is the looting of the country by the top .1% through fraud.
As Warren Buffet – one of America’s most successful capitalists and defenders of capitalism – points out:
There’s class warfare, all right, but it’s my class, the rich class, that’s making war ….
Leading economists note that rampant inequality was one of the main causes of the Great Depression and of the current economic crisis.
Indeed, given that inequality in America is worse than Egypt (or Tunisia, or Yemen or most Latin American banana republics), and that social mobility is lower in America than in most European countries (and see this), we have been predicting these types of protests for years.
If Wall Street is starting to look like Tahir Square, it is because
America is starting to look more and more like Egypt – with a handful of
super-rich, and crumbs for everyone else.
- advertisements -





New yorkers protesting on Wallstreet won't amount to an ounce of beans. Here's what they should do instead: get an EV. http://www.youtube.com/watch?v=psB71wUeXXE
who is paying for supplies for this event? free food and free this and that. somebody is paying the bill. now today the coppers are being nice. hmmmm.......
My friend and I are among thousands who have been donating and delivering money, food, goods, media, etc. People Power.
as if Tea Party fake protests were not paid off by Koch brothers to steal state assets at fire sale prices to privatize the profit for his corporation (see Wisconsin).
JP Morgan Chase bribes NYPD
http://www.jpmorganchase.com/corporate/Home/article/ny-13.htm?TB_iframe=...
Come back when young college kids get 4.6M from JP Morgan Chase.
What is this fucking obession by the left with the Koch brothers?
Hey arsewipe - your lefty boys Soros, Buffett, Gates, Google twins, and other lib billionaires has a lot more money and pull than the Koch brothers.
You are insane if you think the people you cited are "lefty boys". You clearly don't understand the Good cop Bad cop routine. They are all on the same fucking side, the financiers. The people you cited are just henchmen. They do not own the wealth, they take orders from families like the Rothchilds, the modern day Medici's. Soros, Buffet, Gates are all puppets. Google is a fucking tool. Koch bros are puppets. You really don't seem to understand Pyramidal structures. The top is very very small.
They have been getting donations from the public. Here is their donation page: https://www.wepay.com/donate/99275
You are too fucking obvious, must be FBI goon!
http://gothamist.com/2011/09/30/live_video_stream_will_radiohead_sh.php
live feed. it would be a great way to check out the chicks.....i would go if i was in that area. for sure....
The most original American response to opression and fraud was exercised against King George III.
The alternative to trying to fix the exsisting FUBAR system is to mold, launch and defend the new one.
here is what we are looking at...but on steroids
and global and in control of the "government",
but not the people ( government ), for the most part.
from the g.w. link above.. " looting of the country "
.
Nobel prize-winning economist described the root of the financial crisis in 1993
Alex Floum
, Economic Policy Examiner
May 4, 2009
.
"
Nobel prize-winning economist George Akerlof co-wrote a paper in 1993 describing the causes of the S&L crisis and other financial meltdowns. As summarized by the New York Times:
In the paper, they argued that several financial crises in the 1980s, like the Texas real estate bust, had been the result of private investors taking advantage of the government. The investors had borrowed huge amounts of money, made big profits when times were good and then left the government holding the bag for their eventual (and predictable) losses.
In a word, the investors looted. Someone trying to make an honest profit, Professors Akerlof and Romer [co-author of the paper, and himself a leading expert on economic growth] said, would have operated in a completely different manner. The investors displayed a “total disregard for even the most basic principles of lending,” failing to verify standard information about their borrowers or, in some cases, even to ask for that information.
The investors “acted as if future losses were somebody else’s problem,” the economists wrote. “They were right.”
The Times does a good job of explaining the looting dynamic:
The paper’s message is that the promise of government bailouts isn’t merely one aspect of the problem. It is the core problem.
Promised bailouts mean that anyone lending money to Wall Street — ranging from small-time savers like you and me to the Chinese government — doesn’t have to worry about losing that money. The United States Treasury (which, in the end, is also you and me) will cover the losses. In fact, it has to cover the losses, to prevent a cascade of worldwide losses and panic that would make today’s crisis look tame.
But the knowledge among lenders that their money will ultimately be returned, no matter what, clearly brings a terrible downside. It keeps the lenders from asking tough questions about how their money is being used. Looters — savings and loans and Texas developers in the 1980s; the American International Group, Citigroup, Fannie Mae and the rest in this decade — can then act as if their future losses are indeed somebody else’s problem.
Do you remember the mea culpa that Alan Greesnspan, Mr. Bernanke’s predecessor, delivered on Capitol Hill last fall? He said that he was “in a state of shocked disbelief” that “the self-interest” of Wall Street bankers hadn’t prevented this mess.
He shouldn’t have been. The looting theory explains why his laissez-faire theory didn’t hold up. The bankers were acting in their self-interest, after all...
Think about the so-called liars’ loans from recent years: like those Texas real estate loans from the 1980s, they never had a chance of paying off. Sure, they would deliver big profits for a while, so long as the bubble kept inflating. But when they inevitably imploded, the losses would overwhelm the gains...
What happened? Banks borrowed money from lenders around the world. The bankers then kept a big chunk of that money for themselves, calling it “management fees” or “performance bonuses.” Once the investments were exposed as hopeless, the lenders — ordinary savers, foreign countries, other banks, you name it — were repaid with government bailouts.
In effect, the bankers had siphoned off this bailout money in advance, years before the government had spent it...
Either way, the bottom line is the same: given an incentive to loot, Wall Street did so. “If you think of the financial system as a whole,” Mr. Romer said, “it actually has an incentive to trigger the rare occasions in which tens or hundreds of billions of dollars come flowing out of the Treasury.”
In fact, the big banks and sellers of exotic instruments pretended that the boom would last forever, siphoning off huge profits during the boom with the knowledge that - when the bust ultimately happened - the governments of the world would bail them out.
As Akerlof wrote in his paper:
[Looting is the] common thread [when] countries took on excessive foreign debt, governments had to bail out insolvent financial institutions, real estate prices increased dramatically and then fell, or new financial markets experienced a boom and bust...
Our theoretical analysis shows that an economic underground can come to life if firms have an incentive to go broke for profit at society's expense (to loot) instead of to go for broke (to gamble on success). Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.
Indeed, Akerlof predicted in 1993 that the next form the looting dynamic would take was through credit default swaps - then a very-obscure financial instrument (indeed, one interpretation of why CDS have been so deadly is that they were the simply the favored instrument for the current round of looting).
Is Looting A Thing of the Past?
Now that Wall Street has been humbled by this financial crash, and the dangers of CDS are widely known, are we past the bad old days of looting?
Unfortunately, as the Times points out, the answer is no:
At a time like this, when trust in financial markets is so scant, it may be hard to imagine that looting will ever be a problem again. But it will be. If we don’t get rid of the incentive to loot, the only question is what form the next round of looting will take.
Are We Powerless to Stop Future Looting?
The Times mentions two real solutions to the problem of looting:
The biggest Wall Street paydays should be held in escrow until it’s clear they weren’t based on fictional profits.
Above all, as Mr. Romer says, the federal government needs the power and the will to take over a firm as soon as its potential losses exceed its assets. Anything short of that is an invitation to loot
So there are ways to prevent looting. The only question is whether the government will implement them.
"
....
and some have the cowardice to complain about demonstrators? sheesh.
i guess ignorance is its own punishment?
"Looting"? Are you serious? "Looting"?
Seems to those still capable of thinking that Central Planning has failed asshole.
Free markets = Free Humans.
The antithesis of the culprits behind this (yet another) failure.
FUCK YOU!
You pieces of shit Central planning elitist fucktards are to busy counting your tax paying chickens before the eggs even hatch. Fucking morons.
It isn't going to work.
Evil is as Evil does.
And that is precisely why history repeats itself.
Yes, genius, this system is working so well, the whole fucking world is in turmoil. I would laugh so fucking hard, if I wasn't crying so damn much. You really need to get the fuck away from isolation and go see the world. It's being destroyed, by the system you think is so god damned wonderful.
By now you've probably heard the news: Leo Apotheker has received a severance package worth $13.2 million in cash and stock for his 11-month tenure as CEO of Hewlett-Packard.
But HP is far from alone in lavishing departing CEOs with boatloads of shareholder dollars. As The NY Times reports:
http://finance.yahoo.com/blogs/daily-ticker/another-corporate-outrage-go...
My family doctor makes $98,000 a year with no company pension, bailout, etc.
What does this say about our society?
When I worked @ AT&T years ago they brought in a CEO-in-waiting and 'groomed' him for about a year.
They decided against him at the last minute, gave him a $100 MILLION golden parachute and sent him on his way.
I've been outraged about this kind of shit ever since.
WHO THE FUCK DO THESE PEOPLE THINK THEY ARE?
So it begins
Hannity calls the protesters "marxists".........
listen......
http://nakedempire2.blogspot.com/
I remember why I don't watch that crap anymore. Marxists are Zionists. Wall Street is Zionist. It is a tool of Marxism.
If the protesters were marxist then David Mayer de Rothschild would make it into some "We are The World" bullshit event. Probably with Lady Gaga, Bono, and Usher just like Billy Boy's Global Initiative Fraud Raiser.
"Religion is the opiate of the people, and for that reason it is to be used as a principal means of disarming the gentile, and, once in power, through the pulpit and prayers, to keep him subjugated and subdued." ~Karl Marx
"Karl Marx was a clear and lucid Talmudist . . . full of that old Hebrew materialism which ever dreams of a paradise on earth and always rejects the chance of a Garden of Eden after death." ~Bernard Lazare
"Marx was really the last of the great Hebrew prophets." ~Mortimer Adler
"Marxism is the modern form of Zionist prophecy." ~Reinhold Niebur, Speech before the Zionist Institute of Religion, New York, October 3, 1934
The Zionist people as a whole will be its own Messiah. It will attain world dominion by the dissolution of other races, by the abolition of frontiers, the annihilation of monarchy, and by the establishment of a world republic in which the Jews will everywhere exercise the privilege of citizenship. In this new world order the Children of Israel will furnish all the leaders without encountering opposition. The Governments of the
different peoples forming the world republic will fall without difficulty into the hands of the Jews. It will then be possible for the Zionist rulers to abolish private property, and everywhere to make use of the resources of the state. Thus will the promise of the Talmud be fulfilled, in which is said that when the Messianic time is come the Jews will have all the property of the whole world in their hands. ~
Baruch Levy, Letter to Karl Marx, La Revue de Paris, p. 54, June 1, 1928
Hannity is either extremely stupid or a LIAR. I'd bet on the latter.
The Federal Reserve is neither Federal nor a "Reserve". This private bank run by the "Bank of England" has been stripping the US of its assets since the days of Andrew Jackson. If the $16,000,000,000,000.00 given away secretly, since 2007, to the member banks isn't reason enough to overhaul our entire government financial system then our country is doomed to financial failure. You won't read this in the mainstream media....but it may emerge in the coming elections. Read about this first ever audit of the Fed and understand why we are in such trouble. Tuesday, September 27, 2011 First Ever GAO Audit Of The Federal Reserve
(You can click on the site and read the report).
The first ever GAO audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve nearly 100 year history were posted on Senator Sanderâs webpage earlier this morning.
sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3 (Summarized below)
What was revealed in the audit was startling:
$16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the worldâs banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.
Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion.
The budget that is being debated so heavily in Congress and the Senate is only $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion. ****
When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self-identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.
Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy.
The list of institutions which received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:
Citigroup: $2.5 trillion($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion* ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
IT WILL BE INTERESTING AS TO HOW MUCH ATTENTION (AS WELL AS THE SLANT) THE MAINSTREAM MEDIA GIVES THIS UNBELIEVABLE POSITION OF OUR GOVERNMENT HAS PLACED US IN WITH NEVER PREVIOUSLY HAVING AN AUDIT OF THE FEDERAL RESERVE.
I AM CONFIDENT THAT WE WILL HEAR SOMETHING LIKE THE FED HAD TO GIVE STIMULUS TO WHOM THE $16 TRILLION WENT TOO BECAUSE IF WE HAD NOT ALLOWED THIS IT WOULD BE THEIR COLLAPSE AND THE OURS.
HAS ANYONE EVER HEARD OF CLOWARD AND PIVEN ECONOMICS? (PARAPHRASING) IT INVOLVES TWO HARVARD PROFESSORS WHOSE BOOK SAID TO CHANGE ANY GOVERNMENTâS ECONOMIC SYSTEM INTO A SOCIALIST ONE, IT SIMPLY DRIVES THEIR ECONOMY INTO THE DITCH THEN THE CITIZENS ALLOW THE GOVERNMENT TO DO WHAT THEY WISH TO SAVE THEM
I would be the last person to protect the banksters, but these were short term loans, not give aways? Please correct me if I am wrong.
However, I wonder what happened to the $183B lent to Lehman Brothers - is it write off?
Let the games begin!
Maybe more sheeple will realize wall street's behavior is one of the major problems in this world and that our leaders and regulators have failed us on every level. It is time to demand honesty, transparency, regulation and accountability from those who claim to represent us. This is the message I am conveying to all of my friends and relatives.
Tea Party I assume?
Nonsense, the time for being reasonable was abandoned with record bonuses.
Lies put the fags of finance on the chopping block.
Let the pig fuckers eat shit, and plenty of it - but don't kill em.
some cynicsim and hostility in these comments, which is understandable but ultimately irrelevant.
check out this discussion of OWS. some solutions being proposed, and of course it's brilliant and hilarious as usual:
http://maxkeiser.com/2011/10/01/kr191-keiser-roseanne-barr/
-the first solution being underlined is to bring economic criminals to justice, in order for the system to work and also importantly to inspire confidence among youth that just "being a bully with a gun" is not really good enough
-max has said elsewhere, buy physical silver to create pressure on the phony paper upon which the ponzi scheme depends
-identify the criminal acts in the bookkeeping of the Bigs and use that knowledge to pressure funds to get rid of those stocks
-considering food production as the most fundamental production of value, and not in the industrio-agro monsatanic model which is not sustainable (and therefore is just another expression of ponzi) but by doing simple things: such as permaculture ("it'snot rocket science," but it looks miraculous):
Greening the Desert (Parts 1 and 2)
http://www.youtube.com/watch?v=uenCXLSWJ30&feature=related
so i see for myself there's no need for cynicism and hostility.
: )
To all of you here who are putting this movement down as leftist, marxist, unionist, whateverist. You're missing the point, entirely. The point being that there are some who are willing to do something other than sit at a keyboard and type.
I don't care if some of their stances are not in step with mine. The fact is they have begun what should have started 3 years ago. Someone is standing up to the banking elite. Someone is calling attention to the fact that the bailouts were a heist of the American people.
Once people notice, and question, and by extension are exposed to the truth of this, the first important step will happen - the banksters, the corporatocracy, the elite and the corrupt government - will all be left without a sleeping public to shield their activities.
Once that is done, we can sort out what the aftermath should look like. For now, tolerance is the key to avoiding division. The elite are counting on our division to kill this thing before it touches them. Let's not give them what they want. Tolerance. I know it's in short supply around here but it's the key.
If anyone here began a movement, a revolt, a protest, you are guaranteed that 50% at ZH are going to find fault with it because it's always filtered through the bias of our own ideology. Throw the filters away. Look each other in the eye and know that we all have one thing in common - we want the bastards outed and we want the government out of bed with the corporatocracy. Let's focus - yes FOCUS - on this one goal. Otherwise, we're all lost.
Disobey.
Excellent. If I can get this working on the rally site, I will see if I can read this to the crowd gathered there. They also need to be reminded... thank you for the thoughtful words. If you are already attending the rally, please consider reading this out loud to the collective at the general assembly or some other time.
Whatever DNC doofus. Wanna be. Your chance was with the Tea Party and your doofus attempt to mimic our impact will amount to exactly zero. Join the real thing or go back to voting for freebies from your local gangster.
I'll be impressed when your union goons start sending checks to Ron Paul.
Your success will be measured then in how voracious is the attack against you by the regime. If that leveled against the Tea Party is any indication, prepare for the worst. If your protest is real then the regime will move to crush it. If the regime does not....
Then you are simply a useful idiot of the regime (my strong suspicion).
We will be watching.
Are you partially retarded, or full-blown?
My favorite part of what you said was the period at the end.
Spoken like a useless idiot...
So 'not' useful idiot. Explain to we how raping the public in the name of serving your private control fetish is in fact 'beneficiary' to those raped? I would really love to hear you all shitheads elucidate out in the open. in public, what you really believe and think.
That would be amusing.
Why don't you?
Spill the beans. Lets all hear it? Come on... Say it:
PLEASE?
I get the "rage against the machine" thingie. Watched it workin' the last time around. So, great ourrage, nastiness, etc.
But, well, after everything burns down, what is the replacement?
I'm happy to twig GW and all y'all, but the basic question is: What is the Replacement?
and, much more to the point: WHO DECIDES???
ain't nothin' comin' outta' these protests (not just in NYC, reported in Boston... as of news top o'the hour 2100 Eastern) that is positive.
And that's why I twig GW and all y'all, cuz' this is in the realm of the Reichstag event. Lots of behinds the scenes stuff going on.
OK: cap de bankstaz, ... then what??
- Ned
OMG... people... we didn't always have a system, or government, or organized civilization. We can survive just fine for a transitionary period, with cooperation and consideration, while we collectively figure out what kind of world we want to live in. We do not need to know now what we want, we just need to know what we do not want... the current condition.
Not trying to be a dick here, but its not the middle ages anymore. The times where a form of government just 'goes away' and everything is fine no longer exist.
Look at any current country where the government broke down; Iraq, martial law & non-funtional government; Africa, warlords, genocide, massive refugee problem; etc
Any system breakdowns in todays highly militarized world will be filled by a dictator, corporation, or military occupation.
I fear that you, Sir, are correct. Cui bono?
Thank You
The only differences between capitalism and communism are 1] communists kill mllions openly and outright while capitalism kills them slowly 2] communism annoints and appoints the wealthy aristocrats and people with power while capitalism silver spoons theirs.
I do not feel comfortable with suppression. I do not feel comfortable donating my life to any state nor any artibtrary new goal which is nothing more than an illusion served up as reality. I hate societies based on slogans or where refusing to reguritate them is an act of political defiance and therefore punishable.
PS How did this get up here? It was in response to someone else. Gremlins in the machine.
I think we have killed more than communism. them their owb citizens, but capitialism did the same in the durty wars in latin america, now the arab spring. we certai9nly have invaded and bombed more countries than any other during my lifetime.
This is very exiting and it looks like this movement has some legs! I'm goingto go down to WallStreet and get some interviews on Monday and Tuesday with som of these protesters. Do any of you ZHers have any questions you want asked of these folks?
http://www.singledudetravel.com/2011/10/weekend-update-occupy-wall-stree...
Sure, Ask " why do you protest this symptom, rather than the actual disease"?
you are a retarddd and you live in your mom's basement....d.asss..
Yes, please...
Try to find out if these people are there spontaneously or if some organizations brought them.
@CH1
Does it matter? from what I can tell this is the first physical demonstration of outrage that I am aware of. More power to them left, right or center! In many ways they are acting out what many who comment and contribute here think and feel.
Many of the original group from the first days were spontaneous. Some of the people on subsequent days are coming with affiliations. How can Pilots Union not be affiliation based? How about Soldiers? But many many people are there on their own accord. It's a disorganized organization really down there, so even the people who came because of affiliations quickly become just another individual as they mingle. 2500+ protesters yesterday for the 3pm march. Almost all of them were individuals.
This is a pretty serious protest.
http://cityroom.blogs.nytimes.com/2011/10/01/police-arresting-protesters-on-brooklyn-bridge/
.
like egypt?
I dont see any bread helmets.
They need to fly in some egyptians to pose with those cops guarding the bull.
Obama
GOP (any)
First Presidential Candidate to meet with the protestors..