The Wall St. Protest: Right or Wrong?
Vote in our poll and share your comments.
It began nearly three weeks ago with a few hundred disgruntled students, investors and unemployed workers voicing their concerns over Wall Street practices, a seemingly compromised and indifferent Congress and the future of the U.S. economy.
Since then, the crowds have swelled in the original protest spot near Wall Street in lower Manhattan. Some have joined the parade to be part of a happening, while others continue to share their concerns about what they believe is a system gone haywire. The New York Police Department presence continues to grow with the number of protesters. As tensions flare, pockets of support for the protestors are erupting on college campuses and in other places around the country.
Here, in a part of the country in which many of our friends and relatives are employed in the financial markets (although not as many as were employed in the sector before the 2008 markets meltdown), people are trying to make sense of a troubled institution and see their way out of economic hardship that seems bleaker than in even distant memories.
But many questions remain: are the protestors making a point or are they merely tilting at windmills, grandstanding for the cameras and offering no solutions? Are the power brokers, in government and on Wall Street, an affluent, indifferent minority riding out the storm until another crisis catches protestors' interest.
Sal
2:57 am on Saturday, October 15, 2011
It is not exactly a Right or Wrong issue. Instead it is more of an outpouring of frustrations. More of a venting of the sense of hopelessness and anguish that has been building up. AS long as we continue to Import more and more products and give away more and more of our own jobs_____we as a nation will continue to slide down into an abyss from which there may be no return.
Ed Fitterer
9:40 am on Saturday, October 15, 2011
Wrong. Until they can express a unified coherent ideal inwhich they are stand for. Right now they are nothing more than leeches looking to suck the life out if capitalism.
MS2012
3:40 pm on Saturday, October 15, 2011
Agreed Ed, these people need to vacate Wall St and other areas and start contributing to the economy.
Rob
4:34 pm on Saturday, October 15, 2011
The nurses and others with jobs are doing their fair share. Maybe the CEOs who got bonuses after their corporations were bailed out will follow their lead.
Jcarey
5:05 pm on Saturday, October 15, 2011
Frustration voiced is democracy in action. (ps How does one contribute to a society that precludes employment?)
Anthony Ruiz
5:30 pm on Saturday, October 15, 2011
Right or Wrong, its a Right for all Americans to assemble and voice their opinions. It's written in ink on our constitution, and its working. We're voicing out opinions right now.
OWS organized people to voice and show their frustrations with out government, because our elected representatives are not. Its not about one issue. There are many issues. Why should it be about one message. The mass of people is that one message.
Money has taken over the power of the people from our representatives. What money can't do is protest and remind those in power who they should listen to. Corporate America has taken over our media and no longer reports real news. Proof of that is that it took two weeks for the news to begin reporting what was happening in Wall Street. Now it can not be ignored.
MS2012
5:40 pm on Saturday, October 15, 2011
Please there are jobs out there and sometimes people have to take jobs that are not the most glamourous but it pays money.
These people can ogranize all they want but have a clear message and make sense. Anthony...so a message is a bunch of people that stand for nothing and have no reason to protest, that certainly clears it up!!
Barzillai
7:26 pm on Saturday, October 15, 2011
Millions of people can't find work, Marc. The Republicans are changing election rules so soldiers overseas can't vote and fighting against unionized workers like teachers and fire fighters. CEOs are withholding the bailout money and not hiring. Banks are charging people to use debit cards. Cain wants to have a regressive tax against the 99% and protect the 1%. You've got it right, Marc. Nothing to complain about around here. Give me a break.
MS2012
8:05 pm on Saturday, October 15, 2011
Pat repeating Bill Maher;s monologue are we...What CEO's are withholding bailout money? Banks are not making money. So you want to bring up unions, the group of people that want to COLA increases even though we are in a recession. Everyone else that is not unionized should lose their jobs or take pay cuts, but the unionized workers should get pay raises and keep the absorbent benefits. They should keep their pensions, while that word disappeared from the private sector 20 yrs ago.
Barzillai
9:25 pm on Saturday, October 15, 2011
I don't get HBO. Most of the 99% have to watch their pennies these days. The banks and investment houses were going to give loans and infuse the system with cash from the bailout, yielding some much needed jobs. Instead they've socked away much of the cash and given annual bonuses. CBS says the big banks forced the government to change the rules on TARP loans so they could pay executive bonuses without hindrance. Regulators "bent" to banks, CBS titled its recent Watchdog article. I could cite you example after example of business's lack of goodwill towards everyone but their stockholders. Romney says businesses are people. They're not. And the Wizard of Oz isn't going to give them a heart either.
MS2012
11:54 pm on Saturday, October 15, 2011
Pat I am not bringing up politics and you cannot seem to help yourself. You keep up making statements and you have no facts. You are quoting CBS instead of HBO big deal, same ideology, you keep ducking the question, name the company that received govt money that is not paying it back out? I maybe republican or a democrat, you seem to think I am one and not the other. I am guessing college freshman.
Artie Diarbekirian
12:20 am on Sunday, October 16, 2011
Marc, you call this Democracy. It's the opposite of what Robin Hood used to do. He was a thief too, but at least he robbed from the people who had the money. It seems like you're set so this doesn't affect you. You'll think a lot differently when it happens to you. If you think these protesters don't know what they're protesting, then your oblivious. The whole world KNOWS. Stop watching FOX and you too will know.
MS2012
8:31 am on Sunday, October 16, 2011
Artie so who robbed who and then who gave the banks more money after they robbed everyone. The protestors are upset with Wall St about stealing money or is it jobs, or both. My question is who regulates Wall St and who bailed Wall Street, why are they not protesting in Washington DC. Please Artie what you may think they are protesting about and what they are actually down there saying are two different things, go down there and see for yourself and until you do relax with judgments. If they want to protest about jobs and banks being bailed out that is fine, sitting out in Wall St is not the right place
Bill Heller
4:19 am on Sunday, October 16, 2011
"The Real Reason Occupy Wall Street Protesters Can Stay In Zuccotti Park"
The story at the following link is based on conjecture not evidence....take it with a grain of salt, but it's not out of the realm of possibility.
http://www.businessinsider.com/occupy-wall-street-brookfield-properties-zuccotti-park-loan-guarantee-2011-10
So much about the wind industry seems conspiratorial. If there's any truth to the possible conclusion, then it's too bad the protestors don't know that one of the 0.000001% is letting them stay at Zucotti to further enrich one-percenters in the wind industry.
Thomas Scarano
9:35 am on Sunday, October 16, 2011
It is a right or wrong issue. The protestors are dead wrong. The end of capatalism is not what is needed and we need to move away from the Obama Stateist agenda. We need a return to capitalism and less of big brother. Follow the money ...these protests are funded by the enemies of the US. These riots will grow and the battle for the US has begun
Don
12:13 pm on Monday, October 17, 2011
Absolutely true what you wrote. Many of them are anarchist. BTW, they only started to clean up the park when they were told that they would have to leave so taxpayer money could clean up the mess the protesters made. No one should be allowed to sleep in the streets night after night. I mean, what are we? We are becoming a 3rd World Country.
Dominick Palermo
2:53 pm on Sunday, October 16, 2011
Big fish have always eaten little fish ----There has always been the Have's and the Have Nots ----Stop whining work hard and you can live a nice life also
Thomas A. Blasi
5:41 pm on Sunday, October 16, 2011
We need to bring the protest to Monmouth Beach & other rich havens! While the rich sip Champaign & frequent Brooks Brothers & Garmany, millions are unemployed. 50,000 factories closed in 10 years; the average wealth of the white American is 20 times that of black Americans. We need to create 130,000 jobs a month just to break even. Students graduating college can’t even find a job to pay their student loans back, the war is costing the American tax payer 29 million dollars an hour while only 1 in 3 vets say the war is worth fighting, 65,000 structurally deficient bridges in the U.S. Want more reasons to protest?
mhssalum
9:09 am on Monday, October 17, 2011
If you're on facebook, look up "Occupy Red Bank" - the next general assembly is this Saturday at 3pm in Marine Park.
Ivy
10:52 pm on Sunday, October 16, 2011
I have been down there. They aren't against capitalism. so what you see one sign that says that and you think that's what its about? i hear many people right here in holmdel complaining about how hard life has become. no one in congress seems to care about us. they forget what their job is. they are suppose to represent us. they don't. we all can agree on that. the protestors are sick and tired of not being heard. sick of the politicians just trying to make each other look bad. they have forgotten about us. all of us. all they care about is who lines their pockets. their are people from all walks of life down there. well dressed people and not so well dressed people. there are always those few just there for a good time or hoping to get OWS on their side as socialists but that's not what it is about down there. right now the coming together of many unhappy people is a good thing. instead of just complaining they are trying to get something started. but you are right they do need to start being more specific and I believe they will. just wait. it has only just begun.....
Don
12:06 pm on Monday, October 17, 2011
A poll was taken with the protesters and 37 percent of them compared the USA to Al Qaeda. This is not to say that some of them are there truly expressing some frustrations but I see many of them as anarchist. And what is this demand where they want their college loans paid off? In my opinion many of them are Socialist.
Sean Conneamhe
8:57 pm on Monday, October 17, 2011
The USA is bankrupt because of Wall Street wankers and Washington warlords.
Obama is a slave to giant global corporations. Most of the Republicans are no better.
Ron Paul for President.
Alexandra Linares
8:19 pm on Tuesday, October 18, 2011
Sad that everyone is being so mislead. School loans don't come from Wall St., they come from the government, and they are the only loans/debt that will not be forgiven even if bankrupcy is delclared, due to government mandates. You cannot blame people for working hard and getting paid for it. The economy is in a sad state, yes, but what is protesting doing? Looking for someone else to bail you out, when you should be trying to invoate and create on your own. Capitalism does have its flaws, but please remember that the alternatives are pretty sad, and they often times result in tragedy for all the people involved--see Venezuela (where I am from), Cuba, North Korea, China, etc.