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 User Rank
Platinum NO RATINGS 
Frankly, so far nothing new here. People would like jobs, people would like to pay off student loans, people would like to be able to pay their mortgages, people would like more equal pay... Not sure we need protestors to tell us that.
I think the problem as you said is that no one is coming up with a solution to any of this. There is a lot of sympathy to go around but this is not going to help much. I like the idea that was stated earlier of some kind of job summit in Washington including business leaders. I think we need some new ideas.  User Rank
Iron NO RATINGS
I think what is "new" about the protests -- and the real value they represent -- is that they are equal to having an elephant in the living room. They are growing so big, and casting such a wide spotlight on these long standing problems. that we (society) can no longer ignore them.
 User Rank
Platinum NO RATINGS
Agreed. The complaint's are not new, but the urgency of the pleas to "do something" and the number of people screaming for change does represent a change.
User Rank
Iron NO RATINGS
Exactly. It is not new at all, it is just to a point though that enough people have had it. How long can things go on as they are without someone standing up and saying fix it.
User Rank
Platinum NO RATINGS
I hope you are right. However, right now other than showing some sympathy, most people in government and business are ignoring this. Still looking for some actions t fix things.
User Rank
Iron NO RATINGS Speaking as one of the 99% who is lucky enough to have a job, I find it curious that the protest is not more directed at the Government. Although certainly not blameless or perfect, Wall Street is not the enemy; it is the overspending and short-sighted programs of Big Government that is at fault for much of what ails the protestors.  User Rank
Platinum NO RATINGS
Wall Street is not the enemy; it is the overspending and short-sighted programs of Big Government that is at fault for much of what ails the protestors.
@PAW, may be you are right but protestors claim they are demanding accountability for Wall Street crimes. They feel some of the greedy banks and corporates who don't pay taxes, cut jobs, engage in mortgage frauds tanked the US economy and still they pay themselves record setting bonuses. User Rank
Iron NO RATINGS Yes, but it is government regulation and lack of oversight that allows this type of behavior on the part of banks and corporations.  User Rank
Platinum NO RATINGS  User Rank
Blogger NO RATINGS
Dear Lucy
Remind me not to come to your house for dinner, especially if you plan to serve spaghetti sauce.  User Rank
Platinum NO RATINGS
it does seem that the protest are heading towards an uprising of Wall Street. Or at least that how it seems now.
I know there was an Occupy Cleveland movement here, but it did not have the steam of some of the other spin offs.  User Rank
Blogger NO RATINGS
TelecomFreq,
OccupyCleveland... lol, you just need to connect LeBron James to Wall Street and thousands will turn out. I looked for an OccupyMontana movement over the weekend but all I could find was a small herd of Elk looking for better grass... --Scott User Rank
Platinum NO RATINGS
I think that the good people of Cleveland would rally a tad too hard against LeBron, so that might not be the best idea.
How did those Elk make out, did they find their greener grass? User Rank
Blogger NO RATINGS
I like a good peaceful protest, especially if it has a point, but what ruins it for me is when the violent radicals step in and start talking about eating people...
 User Rank
Silver NO RATINGS
It's just a modest proposal. Lighten up.
User Rank
Blogger NO RATINGS
Ah. And I will not have dinner with you either. Not that you asked.
 User Rank
Platinum NO RATINGS
Scott,
In any large protest, there will be rascals, homeless, lunatic, or extremists. You just can not avoid these creatures emerging from the darkness. As long as the movement has a focus, it will survive and flourish. Unfortunately, we have not seen a clear purpose of this protest: Occupying Wall Street is a way, not a goal. The protesters need a more focused goal, like "dismantle the big banks" or "reinstall the Glass-Steagall Act". User Rank
Blogger NO RATINGS
>The protesters need a more focused goal, like "dismantle the big banks" or >"reinstall the Glass-Steagall Act".
I think you're right. Unfortunately "Reinstall Glass-Steagall Act" just doesn't make for sexy protest-sign copy.  User Rank
Platinum NO RATINGS
Anyone care to address the underlying theory going around that this protest is actually staged by much bigger, political and monied interests? The analogy is that the tea party is driven behind the scenes by a conservative elite, so the wall st movement is a countermove finally by liberal elites.
User Rank
Blogger NO RATINGS
Hmm, interesting conspiracy theory. Protests sponsored by Whole Foods? Birkenstocks?
 User Rank
Iron NO RATINGS
It's gotta be Whole Foods. Can't trust a place that insists I eat real sugar in my ice cream.
User Rank
Platinum NO RATINGS
Because they have woven themselves into the political system.
I agree with PAW - the protest should place the actions of government and the politicians more at the center of what needs to change. If 3 kids in a class of 30 are failing, it's time to have a heart-to-heart with those 3 kids. Down the hall, where 30 kids in a class of 30 are failing, it's time to have a heart-to-heart with the teacher about what needs to change. In the US, banking is heavily regulated. Prior to the mortgage crisis, the federal government set up incentives and purchased loans in a way that pushed all he banks to make loans they wouldn't have done if they knew they would (or even might) retain ownership of those loans. User Rank
Platinum NO RATINGS
Burn,
You are very much on the money about everything you mentioned here.Especially the last part about the Bankers having woven themselves into the political system. You know what riles me more than most??? Its that Savings,Hard-work and thrift are valued much less than anyone taking on tons of debt in this current system. This has to change and change real fast if we are to get a sustainable economic recovery anytime soon. Regards Ashish. User Rank
Iron NO RATINGS
I find this protest captivating. The longer they demonstrate, the more I can honestly say they are roping me in. At first I was blowing them off as a bunch of radicals with nothing better to do. But the more I read of the interviews and see the people that truly just want a better life, the more I am getting hooked with support. I am not looking at this from a political angle one bit, just from a compassion level of my fellow Americans wanting a better life for their families.
User Rank
Platinum NO RATINGS
Noreen,
More than anything else we need Courage,Understanding and leadership here. Unfortunately all of these qualities are completely missing from the wimps who control DC today. We need leaders who can give an honest assessment on how severe this balance sheet recession really is and what can and will be done(includng taking all the hard decisions) to overcome it, Unfortunately looking at how corrupt and unaccountable the Obama administration is(as is the majority of DC ) I am not sure how this will happen unless we see real massive protests(including a revolution) in Main Street. The status quo is about to be upended.And upended in a real hurry.... For instance http://endoftheamericandream.com/archives/fast-and-furious-22-shocking-facts-about-the-scandal-that-could-bring-down-the-obama-administration? http://mjperry.blogspot.com/2011/09/behold-circle-of-government-life.html http://www.americanthinker.com/blog/2011/09/industry_analysts_have_been_questioning_solyndra_business_plan_for_years.html http://lewrockwell.com/roberts/roberts328.html Regards Ashish. User Rank
Iron NO RATINGS
This is the best reporting I've seen on these protests. It didn't tell me what to believe. I made me think. Thank you.
User Rank
Blogger NO RATINGS
Noreen writes:
However, I have one suggestion for Occupy Wall Street: Keep the focus on your message, and lose the signs about eating bankers and/or the rich. Bankers may be unpopular, but people like cannibals even less I would add to the protestors, be careful that your broad sweeping statements to incite justice doesn't mete out injustice. Are all who work for a bank bankers? What about those that trying to support their families by doing their jobs, but their jobs happen to be in Human Resources or Facillity Maintenance or Account Reconciliation at a bank. Are these people villians or are they hurting like many others? Banks have done some horrible things. And I understand that sometimes there needs to be a tidal wave of protest before something gets changed or fixed. However, that change or fix needs to be done with intelligence and forethought, not sweeping generalizations... even about the rich or about bankers. Protestors, you have a great opportunity. Listen to Noreen. Focus on your message. Don't let the lunatics take over the asylum. Gambate! User Rank
Silver
"Bankers may be unpopular, but people like cannibals even less."
This calls me back to the good ol' days of Vietnam, when our soldiers were being killed on national TV every evening. Cannibals. What a problem they were. We'd have a grand demonstration going (hundreds of thousands, you punks!)... And then the cannibals would show up. And things went all to hell. Alas, we ate very few rich. User Rank
Blogger NO RATINGS
"We'd have a grand demonstration going (hundreds of thousands, you punks!)..."
Ha! good one... so far, just a bunch 'o lightweights. User Rank
Silver
It's a start.
User Rank
Platinum NO RATINGS
Protesters are adopting new strategies. Protesters will march through Manhattan's Upper East Side on a "Billionaire's Tour" to take their grievances about economic inequality to the homes of News Corp's Rupert Murdoch, JPMorgan Chase's Jamie Dimon and others. These protests are growing bigger every passing day.
 User Rank
Platinum NO RATINGS
I understand the growing frusteration of the people and the seeming inability to get anything done. All good reasons for protest. But then the story falls apart- some want support for Egypt, others want to punish bankers. Until some sort of unity of ideas develops, it will just be a disruption with no positive impact.
 User Rank
Blogger NO RATINGS
It does seem more like an amalgamation of complaints than a streamlined social movement. And I'm sure it doesn't help that, as the article noted, there are protesters who are less than sincere in their participation.
User Rank
Platinum NO RATINGS
But then the story falls apart - ..., it will just be a disruption with no positive impact.
Agree with @tokyogai A protest needs a goal - Civil Rights, Anti-War, Pro-Life all have goals. Until OWS has a goal this is just pointless whining and eye-candy for the nightly news. Even worse, while the purpose is so vague and fragmented, it can be co-opted by some popular figure to just push their own agenda.  User Rank
Iron NO RATINGS I agree with the posters here the movement has no real structure or goals. They claim they are anti having a leader but do not understand that any movement from civil rights, to suffrage etc. has always had a powerful leader that orchestrated the effort to achieve goals. Right now it’s simply a big group with no organization—even their website is a shambles. User Rank
Platinum NO RATINGS
A recent observation I heard struck me. It compared the protesters to a scene from a Marlon Brando film called "The Wild One." A younger, trimmer Brando plays the leader of an outlaw motorcycle gang that takes over a small California town. At one point in the film a straitlaced young woman says to Brando. "You're a rebel - what are you rebelling against?" His reply - "Whatcha Got?"
User Rank
Iron NO RATINGS
I wish there was a more focused agenda.
But what I really wish is that the protesters had fewer problems from which to chose. Which is worse? No jobs? Foreclosure? Corruption? Its a chicken and egg thing. But something has to be the priority.  User Rank
Silver NO RATINGS
I know the premise behind the protests, but when does it end? What is the expected result? Are you just protesting without a cause? I just don't see how they expect to rectify anything.
User Rank
Iron NO RATINGS
The only part I don't understand is the "time" these people have to just hang out all day, every day. I know the premise is that a lot of them are unemployed and that's what they are fighting for....jobs....but it is New York City, you mean to tell me there aren't even minimum wage jobs to at least temporarily work at until you find one in your own specialty? I would think if most of the people are broke and unemployed, they would be working for any kind of paycheck to put food on the table.
User Rank
Platinum
A Most fascinating post discussing the inevitable extension of the Wall Street protests...
back2basicz 10/12/2011 1:35:17 PM NO RATINGS
Guys,
Do read.Excellent stuff!!! Shows you the implications of trying to upset the existing power elite. http://lewrockwell.com/rounds/rounds47.1.html Regards Ashish. User Rank
Iron NO RATINGS
Lucy, I'm not fond of ne'er-do-wells or hooligans, either. At least with cannibals you know what you're dealing with...
User Rank
Iron NO RATINGS
I can't decide if the guy in image 9 or the posers in image 5 are more disturbing.
 User Rank
Platinum NO RATINGS
Definitely the guy in photo number nine. Spooky!
User Rank
Platinum NO RATINGS
They always say that as long as you're talking, then there is room for improvement. Let's hope that's the case, and focus on the potential of the protests as a forum for conversation that can, in time, lead to change.
 User Rank
Platinum NO RATINGS
Just want to add my thanks for these reports on the protests. They have offered some of the most meaningful insight I've found on the whole issue. Love the photos!
User Rank
Platinum
Interesting observation from Bill Clinton on Letterman last night, who advised Occupy Wall Street “you need to be for something, not just against something.”
User Rank
Iron NO RATINGS Icebreaker I agree—I live in the metro NY area and there is increasing loathe for these protesters. Yesterday they were sited on the news for scaring small children by protesting outside of a school. Is making a small child cry part of their goals? One protester was discussing how he has gained 5 pounds since joining the movement since the food delivered is so plentiful. In a city like NY where the traffic is already an issue these pointless protesters are just garnering disdain.  User Rank
Iron NO RATINGS
US companies are evading taxes by opening/operating an office in Ireland.
But US citizen must pay income tax to US Gov if he is working in Ireland. Insider trading is legal to US Congress members. And insider trading is illegal to US Citizens. User Rank
Platinum
That insider trading by Congress is especially annoying to me. Scott had a good post on it a while back. If you haven't read it, you might want to look it up. Here is the link.
User Rank
Iron NO RATINGS CNBC provides some more insights. Congressional Trading on Advance Info Not Illegal: SEChttp://www.cnbc.com/id/43471561User Rank
Iron NO RATINGS
Interesting chart. What's it show? Well, after adjusting for inflation, average earnings haven't increased in 50 years. I don't agree with everything the protesters are doing, but I understand the anger.
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