Wednesday, October 19, 2011

Support your local jobless youth!

The unelected George W. Bush regime destroyed the American economy. And aside from a limited and insufficient economic stimulus during the first two years of his presidency, Barack Obama has done little for middle class, working class and poor Americans, i.e., us 99%. The motivation for Occupy Wall Street stems from very real and tangible causes. The big investment banks like Bank of America and fraudulent subprime mortgage companies like Rick Perry's disastrously discredited "Countrywide," played an obscene and palpably criminal role in precipitating the Real Estate Meltdown of 2007. All those contaminated "Collateralized Debt Obligations," and other derivatives you see, which in turn contributed to the crash of Lehman Brothers in Summer 2008, which led in turn to the Wall Street crash of September 29, 2008, when the Dow tanked 700 points in one terrifying day's losses. Trillions of dollars of Americans' hard-earned investment income was lost in one fell swoop, due to the unbridled greed and avarice of the Billionaire Crowd. All of which - and much more corporate malfeasance besides - led to the shedding of 700,000 US jobs monthly for several months in late 2008 and early 2009. And official unemployment has remained stubbornly around 9-10% for many, many months. So it should scandalize nobody that young people especially have had enough. Something had to give, even among a populace that has been inured to injustice for more than thirty years. Even American citizens, as presently unaccustomed to protesting the massive unfairness of it all, finally had to get out the pitchforks, so to speak. I'm thrilled that folks are occupying Wall Street. Hopefully, Occupy Wall Street, and all its myriad branches represents the beginning of a struggle to attain the quality of life that people who "work hard and play by the rules" (as Bill Clinton so eloquently put it) fully deserve.

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