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Occupy Democrat Leaders Accused Of Pocketing Donations & Wall Street's Love Affair With Saudi Arabia
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May 23, 2023
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8:49Now PlayingThe founders of the group Occupy Democrats have been accused of funneling hundreds of thousands of dollars into their own pockets. Then, the US government wants to reevaluate our relationship with Saudi Arabia, but Wall Street has other ideas. Mike Papantonio & Farron Cousins discuss more.
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
The founders of the group Occupy Democrats have been accused of funneling hundreds of thousands of dollars into their own pockets. The, these were the darlings of the Democrats. Remember? Oh these, they're so funny. They have all these memes that they do and they, they, they, they're all over Twitter with attacking the other side, attacking Republicans. The problem is they were attacking, they were spending money attacking politicians that weren't really even a factor. You know, they weren't even gonna be really running for anything. And they were attacking. But the real ugly story is now we find out, what was it, 570,000, $570,000 out of $790,000, 570,000 went back to the people to their pockets.
Yeah.
I mean, that's what this story says.
It is. And it's important to remember, of course, the Occupy Democrats, of course sprang outta the Occupy Wall Street movement. They adopted the occupy phrase, ran with it, did a good job of raising money, over $700,000. They turned it into a political action committee.
Yeah.
And then they said suddenly, just people who really aren't even used to this said, oh my God, look at this money. What do we do? So they start paying their own companies as, as consulting fees, even though they're running it, they're paying themselves as consultants. Hundreds of thousands of dollars according to these stories. And then when they get busted and the news comes out, they say, oh, well, you know, we, we, there was some accounting errors. Sure. They don't tell us what they were.
Mm-hmm.
And then they say, but you know, we're not allowed to donate money to candidates. If we were, we totally would do that. We just can't do it.
Surprise, they are allowed to donate to candidates and that was complete BS, because the Democrats were saying, you're raising all this money. Why don't you give it to some of these Democrats that are in trouble? Oh, we can't do that because our charter doesn't allow for it. That's ridiculous. They absolutely could do it. Farron, I had to read this twice. When they were trying to, when they were trying to justify where's that $570,000 going, one of the statements was this, you just don't understand the time it takes to make memes for Twitter and Facebook. $570,000 worth. Well, okay, the point is, this had potential to be a really effective organization. It's gonna be very difficult for them to pull out of this, isn't it?
Oh, absolutely. And listen, oh, it takes time to make memes. There are people who can make a meme about a news story that just broke two minutes ago and have 8,000 people share it on Twitter within the next 10 minutes.
Yeah.
It does not take a long time. You've got very creative people out there that literally do it all day, every day.
Why would you even go there with a statement like that?
Because they're backed into a corner and when you get somebody backed into a corner, they just get so stupid.
Yeah.
They get so painfully stupid and that's what we're seeing come out of these guys right now. They don't know what they're doing. They got a huge pot of money. They've never seen money like that before. They got greedy, which is what always happens with these little popup groups.
Yeah.
And now they got busted.
Okay, well.
The US government wants to reevaluate our relationships with Saudi Arabia, but Wall Street, as you might imagine, has other ideas. So money has always been the attraction for scavenger, bottom feeders that never believe that some money is too expensive. There is never that question. Is some money too expensive? They've never asked themselves that. Pick this story up.
No, you've got the future investment initiative that actually took place, I think about a week ago in Saudi Arabia.
Yep.
You had, who went there?
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