Robert Scheer says here exactly what I would say about the Occupy Wall Street movement.

In short, he points out that the mainstream media have been asymmetric in their treatment of the so-called “Tea Party” and the Occupy Wall Street movement, just as the post-financial-collapse treatment of Wall Street and Main Street has been asymmetrically in favor of the ultra-rich.

What Do They Want? Justice

Occupy Wall Street protesters join a labor union rally in Foley Square before marching on Zuccotti Park in New York’s Financial District, Wednesday, Oct. 5, 2011.

by Robert Scheer

How can anyone possessed of the faintest sense of social justice not thrill to the Occupy Wall Street movement now spreading throughout the country? One need not be religiously doctrinaire to recognize this as a “come to Jesus moment” when the money-changers stand exposed and the victims of their avarice are at long last offered succor.

Not that any of the protesters have gone so far as to overturn the tables of stockbrokers or whip them with cords in imitation of the cleansing of the temple, but the rhetoric of accountability is compelling. “I think a good deal of the bankers should be in jail,” one protester told New York Times columnist Andrew Ross Sorkin. That prospect has evidently aroused concern in an industry that has largely managed to escape judicial opprobrium.

“Is this Occupy Wall Street thing a big deal?” the CEO of a major bank asked Sorkin. “We’re trying to figure out how much we should be worried about all this. Is this going to turn into a personal safety problem?”

It should pose a threat, not because peaceful demonstrators will suddenly morph into vigilantes fatally damaging their cause with violent action, but rather because government prosecutors should fulfill their obligation to pursue justice and incarcerate some of the obvious perps. As Sorkin conceded, in one of the rare instances of the business press attempting to understand the protesters: “the message was clear: the demonstrators are seeking accountability for Wall Street and corporate America for the financial crisis and the growing economic inequality gap.”

Sorkin ended his account with snarky comments about the protesters using ATM machines and about the ever-admirable Code Pink founder Jodie Evans having flown a commercial airline to get across the country to the demonstration. He also offered the predictable dismissal that could be made about any genuinely spontaneous movement, that “the protesters have a myriad of grievances with no particular agenda.”

Advertisement But ignore the mass media’s nitpicking and mostly derisive coverage and wonder instead why it took so long for this grass-roots movement to emerge as an alternative to the tea party, which exonerates the thieves of Wall Street. With 25 million Americans unsuccessfully looking for full-time work, 50 million experiencing mortgage foreclosure and an all-time high of 46.2 percent living in poverty, including 22 percent of all children, isn’t it logical that the faux populism of the tea party be confronted with a progressive alternative?

The Republican narrative, which the media have treated with considerable respect, blames “big government” for our ills, not when Washington bails out the banks, or feeds the maws of the military-industrial complex, but only when it might go to the aid of the victims of the financial conglomerates.

It was the Wall Street lobbyists, with the complicity of Democrats and Republicans in Congress, who caused the Great Recession by destroying a sensible regulatory system—one that had kept U.S. banking reliable since the Great Depression—and by legalizing the securitization of homes. But the Wall Street titans escaped being held accountable for the excesses of their greed: They got their lackeys in government to throw them a lifeline bailout while their victims among the unemployed and foreclosed were abandoned.

“We bailed out the banks with an understanding that there would be a restoration of lending. All there was was a restoration of bonuses” is the way Nobel Prize-winning economist Joseph Stiglitz described it in speaking to the protesters on Wall Street.

It was a thought echoed by George Soros in expressing his support for the demonstrators: “The decision not to inject capital into the banks, but to effectively relieve them of their bad assets and then allow them to earn their way out of a hole leaves the banks bumper profits and then allows them to pay bumper bonuses.”

Those bonuses are part of a practice throughout the corporate world that has far less to do with corporate performance than with the power spoils of CEOs. As The Washington Post points out, “The gap between what workers and top executives make helps explain why income inequality in the United States is reaching levels unseen since the Great Depression.” While the median pay for top corporate executives has quadrupled since the 1970s, the pay of non-supervisory workers has declined by more than 10 percent.

“Ultimately this is about power and greed, unchecked,” Jodie Evans told the Times’ Sorkin, and it is a protest that the columnist’s newspaper, along with the rest of a mainstream media that editorially enthused over the radical deregulation that unfettered Wall Street greed, should now honestly cover.

Original post on TruthDig

30 Responses to “Robert Scheer on Occupy Wall Street”

  1. “The psychology of hiring has completely changed,” says Manpower’s David Arkless. In the past, firms hired temporary workers at the of a recovery and gradually took on more permanent staff as the economy improved. Not today, even in sectors where companies are growing. Lingering fears of a double-dip recession are to blame, as firms hit hard… –

  2. I would have more money to spend on goods and services if I didn’t have to pay 25% of my hard earned money to people who don’t want to work. Let them rot. Cut off the cancer.

  3. Request for the NY Commission on Judicial Conduct to Investigate Judge Wiggins for Bias in his Decision on the Challenge to the Marriage Equality Act – II –

  4. Thank you for your responses. Yes, we do confirm it was produced by Pogo – Please join us in our social media campaign to Celebrate Human Rights.

  5. rolendella de baerty says:

    Others like Warren Buffet invest in hundreds of companies that provide millions of jobs, as he tries to get richer in the process. His money helps those companies grow because it helps them qualify for bank loans, bonds and stock offerings, which provides money to build new buildings, factories etc. One is GEICO. And during the 2008 crisis when financial institutions were falling over like dominoes, he poured billions into Goldman Sachs to stop it, helping to save millions of jobs.

  6. What TF did you expect? After the Riot of London I hope more aggression is shown by the Police. Protest do not keep Peace they insight violence your all just tripping if you think that by protesting you will do something good

  7. A new era for noncompetes – With the economy on an uptick, are you thinking your employees should sign noncompete…

  8. prosolette says:

    you can also do this with the left and right on the …..thing you use to select on xbox 😡

  9. pon bentinoda says:

    The dispute of must resolve as per the demand & desire of people there- we want an end to Human rights violation there.

  10. samhan wotkini says:

    I flexed a calf muscle and squeezed my pecker for all you gusy out htere. I know not mcuh to look at, but I your mission to bring about equal rights and remove bigotry from government.

  11. Apparently, well written reviews on ford fiesta with very close price. New Ford Fiesta has come with multi features, such as: Ford Grade Assist Function, Best class fuel economy, 6 speed gears etc. Also if you want Ford Services with good EMI price of ford fiesta, then surely our reviews and service details will help you with full collaboration.

  12. Hot New Niche – Huge Recession Aimed Product. Not Just A Grant Data Base But An Interactive Software That Prepares Killer Grants On Autopilot! Aff’s At Niche Choppers Does It Again…

  13. Happy New Year and good luck with your work. Carry on the spirit of David Ervine and hope we can see the back of mindless bigotry and hate. Working class loyalists need an intelligent political voice and leadership. Educate to liberate.

  14. villennese mumforda says:

    All religions are cults. Our government should never be governed by religious fanatics who want to keep us in the bronze age. My heathen friends will enjoy “Religious Fanatic debates Atheist” on my channel.

  15. lodginle namanur says:

    No, despite my pro-gay marriage stance, I am not gay. I just believe in equality and treating others the way I want to be treated.

  16. RT Cause lady is a hypocrite she lied to me promised me freedom, education, equality
    Never gave me nothing but slavery” TUPAC SHAKUR

  17. So Ryan is probably the biggest fiscal hardliner in congress. How will that sell during a recession? I can’t wait to find out.

  18. couchartra says:

    Lastest NBC/WSJ poll shows Romney down to 0% of African-American vote. That’s what happens when the GOP tries anti-Civil Rights era tactics

  19. My perspective may be skewed by history, but it seems like ppl fought harder/protested more during the Vietnam War/Civil Rights

  20. The basis of peace and stability, in any society, has to be the fullest respect for the human rights of all its people. ~ John Hume

  21. MLK led the civil rights movement to see blacks equal to whites. still has slavery which denies blacks & ka …

  22. fukuze bugan says:

    Did you just sat the subway was 108 years old? One Sign of a country that has been in a recession.

  23. LMAO :’-D Heaven’s economy has been pretty down lately. How much you think a crown of thorns will go fo …

  24. therick catiottman says:

    Download here Brian Cox
    Maureen Bell
    Brad Dourif
    Mai Zetterling
    John Benfield
    Frances McDormand
    Bernard Archard

    An American travelling abroad discovers that his brother has been murdered and sets about to discover the truth. Actors: Kevin Dillon: David McLean · Andrea Roth: Monika Engelmann · J.T. Actors: Frances McDormand: Ingrid Jessner · Brian Cox: Kerrigan · Brad Dourif: Paul Sullivan · Mai Zetterling: Moa · Bernard Archard: Sir. Hidden Agenda – Movie Trailers – Fandango.com Synopsis: A former government-agent (Dolph Lundgren) searches for a sniper Read More Hidden Agenda | Trailer and Cast – Yahoo! Movies An investigation into the murder of a civil rights worker in Ireland, uncovers a widespread conspiracy. Hidden Agenda | Movies.com – New Movies | Movie Trailers | Movie. Hidden Agenda (1990 film) – Wikipedia, the free encyclopedia Hidden Agenda (1990), directed by Ken Loach, is a political thriller about British terrorism in Ireland that includes the assassination of an American civil. His well-oiled, high-tech operation. Hidden Agenda – MSN Movies: Movie Listings, Showtimes, Movie. Hidden Agenda | Trailer and Cast – Yahoo! Movies Former government agent Jason Price (Dolph Lundgren) is now a hit man who makes people “disappear” for top government agencies. Walsh: Jonathan Zanuck · Christopher Plummer: Ulrich Steiner. Hidden Agenda (1999) – IMDb Director: Iain Paterson. Read the Hidden Agenda movie synopsis, view the movie trailer, get cast and crew information, see movie photos, and more on Movies.com. Hidden Agenda – Rotten Tomatoes Review: This political thriller is set against the backdrop of Ireland’s “Troubles” and directed in the documentary fashion common to British… . The truth, however, is a bit more complex than he was. Hidden Agenda Movie Tickets, Reviews, and Photos – Fandango.com A former government-agent (Dolph Lundgren) searches for a sniper who prevented a witness from testifying. Hidden Agenda (1990) – IMDb Director: Ken Loach
    http://friendfeed.com/occhnrb

  25. Download here Marisa Muxen
    Nino Ferrer
    Marie-José Nat
    Bill Dunn
    Georges Wod
    Sophie Edelman
    Dominique Zardi
    Jean-Pierre Mocky

    economy an agreement on the fiscal cliff can provide in. – “Litan” takes place in a strange French town Litan full of masked citizens and off-beat characters.The… Apple. Regulations.. White House. Videos. Litan News – Bloomberg Litan News. Litan (1982, English Subtitles) – YouTube Litan (1982, English Subtitles) OpenObscurity . Thousands of translated. Litan Reviews & Ratings – IMDb Review: Surreal and bizarre black comedy. 11 (Bloomberg) — Bloomberg Government’s director of research Litan discusses the bump to the U.S. Subscribe Subscribed Unsubscribe.. Litan : toutes les informations, les bandes annonces et le casting du film Litan Movies | Latin Movies | Screen Junkies – Movie Reviews & TV Show. Litan Litan: In of Fiscal Cliff Talks – Bing Videos Dec. Slideshows. Elections. seeing for anyone who loves surreal movies it’s closest rival is the original Wicker Man,. CultDB: Litan (1982) Litan (1982) aka: Litan La Cité des Spectres Tech Blog. Litan – Film 1982 – PURECINE by CineMovies : Cinéma, Séries TV
    http://blog.yahoo.com/_ELU777

  26. Clinton SURPLUS squandered on 2 Bush Tax Cuts. 2 unfunded wars, & Bush Recession, GOP wants to pay bills with Me … –

  27. paboukel funa says:

    asks Kerry: would you identify human rights abusers in and deny them entry into the US on judi …

  28. berger seartreago says:

    Ecommerce,business,finance,accounting,acca Ebooks
    Earn 75% $ Upto 11 Times For 1 Time Mkt Time.these Are Nicely Priced,viable,recession Proof Ebooks. No Ext Link,ad,exist Popup.demo Nice Sales Copys. Keywords,backlinks,pics,mkt Plan,testi,ebooks 4 Viral Mkt $ Fast

  29. limasselmo says:

    Women fight for women rights, gay gay rights, Latino Latino rights… Black ppl fighting for civil rights! Who the hell is CIVIL??

  30. rey koeppenard says:

    Hidayet Sefkatli Turkiye’deki İslami Feministlerin en saglami bence de. Bunda İlahiyatci olmasinin da rolu buyuk, Genel gecer İslam fikhini yeri gelince elestirebiliyor. Ama onun da yapici bir elestirisini yapalim diyorum ben burda.

Leave a Reply

Your email address will not be published. Required fields are marked *