During the Vietnam War, “hard-hat” construction workers would sometimes spit on or beat up young anti-war protesters. But the U.S. political/economic situation is now so dire that the “hard-hats” are finding common cause with the scruffy Wall Street protesters, notes Michael Winship.
In America, bubbles come in two forms: how Wall Street insiders suck in a sucker’s money before the speculative bubble pops and how those same scam artists stay inside a protective bubble to spare themselves from the fallout. In this autumn of national discontent, Phil Rockstroh sees hope for real change.
Exclusive: Backed by a powerful right-wing media and aggressive Tea Party activists, Republicans appear unafraid of any political risks from their out-of-hand rejection of President Barack Obama’s jobs bill. The GOP senses its anti-government message remains potent, writes Robert Parry.
The “99 Percent” movement continues to grow, surfacing not only in New York, Washington and other major cities like Boston, Chicago and Los Angeles – but in smaller cities, even in conservative bastions like Tulsa, Oklahoma, as Richard L. Fricker reports.
The Republican complaint that any talk about raising taxes on the rich is “class warfare” has now refocused on the protests against Wall Street greed as an example of “mob” rule, instigated by President Barack Obama. But Danny Schechter finds the GOP accusation absurd.
Across the United States, the 99 Percent Movement is occupying more and more parks to protest America’s growing economic inequality. In Washington DC, activist Kevin Zeese reports on the protest at Freedom Plaza near the Treasury building.
Exclusive: For three decades, the United States has undertaken an extraordinary social experiment, incentivizing greed among the richest Americans by cutting their top tax rates in half or more. The results are now in from Ronald Reagan’s bold gamble and Robert Parry says they aren’t good.
Finally, a truly “populist” movement – not like the Tea Party funded by billionaires to serve the interests of billionaires – has arisen in America to challenge the growing economic inequities in U.S. society. Phil Rockstroh found his time with the “99 Percent” movement at the newly dubbed Liberty Plaza invigorating.
The “99 Percent” movement – arising across the United States – represents the first major public manifestation of disgust and fury at the rampant greed that has concentrated the nation’s wealth with the top “One Percent.” Economic journalist Mark Provost reports on his experience at one front in Boston.
As American politics continues its sorry decline – with many elected officials now sounding as goofy as any loud-mouth radio host – there are more and more suggestions about the need for reform, as Michael Winship observes.