EDITORIAL: Occupy LA: Power To The 90 Percent

By EGP Editorial

Seeking what they call a more equitable and democratic society, protestors across the country have now given voice to the anger and disgust a great many Americans have for government and corporate America.

Yes, these protests are highly disorganized with no central leadership, but they are growing in numbers and locations. Including here in our own front yard, so to speak.

It is getting more and more difficult to to direct fault for the country’s large number of economic problems. Even the economists, who profess to see glimmers of improvement, do so with little enthusiasm, and words filled more with caution than with hope.

And if they are having a hard time seeing down the road, is it any wonder that many of this country’s “regular people” are uncertain about their futures?

The growing numbers of protests, which include people from all walks of life, young and old, the educated and jobless, and one time middle income wage earners, should give the banks and Wall Street, as well as our federal, state and local governments, an idea of what people in this country are mad about, and how close they are to saying we just are not going to take being pushed aside and minimized any more.

It seems the people who invest in the stock market are less concerned about the lasting impact of long-term unemployment, declining incomes and the U.S.’s rising rate of poverty, than they are about bank revenues, stock dividends and corporate profits, as if those things alone will solve our financial crisis.

Bank revenues are growing not because of a growth in their business, but because they continue to squeeze Americans with an ever-growing number of fees, consolidations and labor cuts.

The public is warned that efforts to enact a minimum tax for corporations will also add to unemployment, yet major corporations continue to offshore their workforce and layoff American workers while they still benefit from tax policies that more often than not shield them from taxes most other smaller American companies must pay.

State legislators continue to pile on taxes even while cutting services to their residents.

Insurance companies continue to raise rates even while they continue to increase their profits and pay their CEOs enormous sums of money, some of which could be used to lower premiums.

These are only a few of the issues angering many Americans, including those now “Occupying L.A.”
So we won’t laugh or criticize those protesting, but will instead hope that more Americans will engage in these demonstrations, or find another way to communicate to our elected officials, and the holders of our capital, that the power of this nation also belongs to the bottom 90 percent of our country’s people.

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October 6, 2011  Copyright © 2012 Eastern Group Publications, Inc.

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