Saturday, October 15, 2011

Occupy Wall Street: signs of the times ... by gimleteye


These photos are from Occupy Wall Street yesterday. There is something disconcerting about the way the NYC police have reacted to the protests, contained within a tiny pocket park near the Trinity Church. The entire area is locked down for many blocks surrounding the protest area, including the access to the NY Stock Exchange. Crowds of workers, tourists; everyone is made to walk single-file on sidewalks edged by barricades.

Yesterday the powers-that-be were ready to clean out the square and the protesters camping out. The response of right wing media (from Fox News to the NY Post) has been predictably rabid. At the same time, hand-outs from the Occupy Wall Street'ers (or OWS'ers) grafts language of old protests onto this new branch, opening up the old (tired) line of attack from the conservative right.

I say, good for the kids but really, anyone living on fixed income or counting on a pension plan with defined benefits should be part of the Occupy Wall Street protests. Those savings (and their declining worth) are funding an illusion of economic prosperity. But for how long will those savings, hold? I hope the protests hold until Congress enacts both real reform of banking regulations, to undo the damage of Wall Street financiers who persuaded Congress to unravel the Glass Steagall Act (separating commercial banks from speculative Wall Street investment banks) and reversing the corruption behind the Citizens United decision of the US Supreme Court. Corporations are not people and until this distinction is put into federal law, Americans will suffer the consequences.

10 comments:

Anonymous said...

Going to Occupy Miami at Bayfront Park at 1:30 p.m. What should be on our list of grievances?

Anonymous said...

Take corporations out of elections.

Geniusofdespair said...

I am going too. We have to have grievances? A chicken in every pot? Corporations have too much power? People first? Don't ship jobs overseas? How is that for a start?

Anonymous said...

Your list of possible grievances: Blame Obama.
1. He’s been in power 3 years and spend most of his time and political capital on Obama care instead of trying to create jobs and rebuild our economy.

2. No excuses not to get things done. Obama had absolute majorities in the house and senate to create jobs and rebuild our economy. Choose not to.

3. Now that Obama is up for re-election… he figured out we need to create jobs, re-build our economy and put people back to work… so they don’t have to be camping out on wall street or downtown Miami.

4. No prosecutions!!!! What has Obama done in the last 3 years to prosecute or push forward investigations through his appointed attorney general Eric H. Holder to arrest or indict any fat cats on Wall Street? Not one arrest. Not one prosecution.

We should all go camp out at the Whitehouse! Let’s don’t stop being the silent majority to only become the brainless majority.

Not a Moderate said...

I'm surprised it took so long for the Republican talking points to surface.

I'm not happy that Obama tried to find a middle ground with Republicans when he could have rammed through a real stimulus bill, but he said he wanted to chart a different path. I blame him for naivete and the notion that the American public wants Congress to "get along." They don't - they want them to get stuff done. So we got neither.

The constant refrain that the Dems had an "absolute majority" is absolute nonsense. They did NOT have a filibuster-proof majority in the Senate (falling 1 vote short) and the Republicans declared a permanent filibuster (an historic thing unto itself) on ANY legislation, so cut the crap with the "they had complete control." Those of us with a memory recall Conservative Democratic Senator Baucus teaming up with Republican Charles Grassley to keep the bill trapped in the Finance Committee for months while they whittled the size of the stimulus down from a number that economists said would work to one that wouldn't. Even then, it required at least one "defection" of a moderate Republican Senator (one of only two or three left in the entire Capitol) to get a half-assed stimulus measure passed.

Anonymous said...

Obama, Obama, Obama!
Who is foolish enough to believe that the financial meltdown and current doldrums are all Obama's fault.
The bailout was started under a previous administration.
Jobs were allowed to go overseas by both Republican and Democratic administrations for decades.
People are frustrated that they are earning less and paying more.
Jobs do not seem to be a priority in congress with gridlock inhibiting most legislation.
The large corporations and wealthy individuals have figured out how to game the system to their advantage, at everyone else's expense.
The point is that the majority seems to be waking up to fact that they are left of the political process, causing income to decrease for people making $50k/year or less, and few if any policies on the horizon that benefit the 99% of citizens.

George Orwell said...

I think the protestors have it right - protest the source of the problem and the real seat of power.

Clearly that's Wall Street.

As Herman Cain said, the protestors are "jealous." Damn straight.

I'm jealous that I didn't get a massive bailout and a "pass" on wreaking the world ecomomy.

I'm jealous that I can't shield my income from taxation by shipping it overseas and then getting Congress to give me a tax free "incentive" to bring that money back to the US.

I'm jealous that I can't go bankrupt, shelter my assets, change my name and act like that's normal and ethical.

I'm jealous that I can't get help growing jobs at a small company, but FPL gets a guaranteed return on investment and millions in loan guarantees for projects they may never build.

Herman Cain for Treasury Secretary!

Anonymous said...

I guess we have to applaud your fast democratic talking points respond. Kudos for being so much faster than republicans in highlighting our talking points.

Anonymous said...

It was Democrats who sponsored and voted for the Wall Street Bailout, including Obama and Biden as Senators. Most Republicans voted against it.

The Flea Party protestors should put the blame where it belongs: on Obama and Bailout Biden.

swampthing said...

it's easy to count people using 'eye in the sky' technology, PD perched in the shadows nearby.