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19 Oct 2011

Wall Street Warriors?!

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I’m sure many of you have read and/or heard the news of the portesters who are protesting on Wall Street.  However, why are they protesting? Are they protesting in the proper manner? These are both questions that have not yet been definitively answered.  And I hope to be able to spread some light on the situation.

Recent polls taken in the past few weeks have questioned protesters why they are occupying Wall Street.  Basically, every individual who was polled stated that they are protesting in response to the decreasing economy.  They blame Wall Street for causing the current economic problems as well as the lack of jobs and are protesting in order to demonstrate their frustration.  They also claim that they stand for the people, especially the unanswered voices of the people.  The views of the protesters can be summed up in the words of Judy Lonning, a former school teacher.  She said, “We [being the protestors] are not willing to keep suffering for Wall Street’s sins.  People here are waking up and realizing that we can’t just go to the ballot box. We’re building a movement to make our leaders listen.”  Seems harsh right?  She is claiming that Wall Street is responsible for the economic crisis, and that the people have no voice.  Now is that true? are they valid reasons to protest? or are the protestors overreacting?  The answers to these questions are subjective to the indvidual.  So what do you think?  Are they right? Is what they are standing for legitemate?

In regards to the actual protesting itself, a recent poll’s results indicated that American view is torn.  Some say that the protesters are protesting in a non violent manner and expressing their rights as any America.  Howver, several others feel that they are acting foolishly, and are tarnishing the name of America (namely New York) through their “obscene” actions.  Again, this is up to the individual.  What do you think?

Regardless of your personal position, the occupation of Wall Street is an important matter that needs to be taken seriously.  It needs to be addressed, but all we can do for now is wait and watch.   

As of last weekend, the Wall Street Journal had a very interesting article concerning the matter.  It discussed how the protesters won a battle when the cleanup of their encampment was cancelled because of “political pressure.”  The article explained how the movement is spreading throughout the U.S. in which “tensions between the police and protesters have escalated in several other U.S. cities, including arrests of some two dozen people in Denver.”  Now if that doesn’t indicate that this is a serious matter, I don’t know what does?  Lastly, the article explained why Bloomberg could not step in and force the people to leave the park so it could be cleaned.  It concluded with a quote from one of the protesters, Tucker Mowatt, a 26 year old electrician from Maine.  He said, “Today it’s Bloomberg, tomorrow it’s the president and Congress and maybe Wall Street.  It’s a step in the right direction.” 

As mentioned earlier, all one can do is wait it out.  The occupation of Wall Street and other U.S. cities obviously illustrates the growing concern of Americans with the condition of the economy.  How the leaders of the U.S. (and the world) deal with the rather rapidly increasing unrest, and more importantly, how they deal with the worsening economy is what it ultimately comes down to. 

What’s next?……………… Who knows?

Eric Haslbauer

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