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Occupy Wall Street: What’s It All About?

For 12 days, the Occupy Wall Street movement has taken to the streets of downtown Manhattan and used Zuccotti Park as a base, a location not far from the former site of the World Trade Center.

But it wasn't until the protesters' march from Liberty Street and Broadway to Union Square on Saturday, Sept. 24, that the media and the rest of the country began to really take notice. Nearly 80 people were arrested for blocking traffic and committing other minor offenses, while reports of excessive police force, including a group of girls who were pepper-sprayed, flooded the Internet and TV news broadcasts.

The incident on Saturday not only set to further galvanize the group, it also grabbed the attention of celebrity activists Susan Sarandon and Michael Moore. Both visited the park this week along with popular political activist Dr. Cornel West. Now, copycat groups are popping up in other big cities across the country, from Boston to Chicago to San Francisco.

Accounts of who these protesters are and what they are actually protesting have been mixed and not always entirely clear. No single and unified message has been delivered, but for many of them, an interest in effecting change to the U.S. system of capitalism ranks high on their wish list.

So The Daily Ticker's very own Aaron Task took to the park to find out for himself what this movement is all about.

He found a leaderless movement comprised of people from all walks of life. But they did seem to have common threads for what brought them to demonstrate. Two prominent themes include dissatisfaction with the growing income inequality between the wealthy and the poor in this country and dissatisfaction over big corporate interests, rather than ordinary voters, controlling Washington.

Here are some thoughts from the front line:

--"Personally I am here to tell these big corporations to get their money out of my politicians' pockets so my politicians can work for me and for my family and my friends like we elected them to do." - Steve, unemployed college graduate and aspiring actor.

--"This tremendous wealth in a few hands is ruining our democracy. The income distribution over my lifetime has changed in the most extraordinary way." - Evalie, the Granny Peace Brigade

--"There is something seriously wrong when you've got a very, very tiny percentage of the country, a small number of the country, controlling so much of its wealth" - Bill, unofficial spokesman for Occupy Wall Street

--"We feel that corporations have more of a voice and more rights than individuals, and we are here to talk about it." - Ryan, associate producer

In the accompany video, Aaron also asks the protestors it's possible for this movement to engulf the masses, and even turn violent, similar to the protests in Greece or those across the Middle East earlier this year.

Watch the clip and tell us what you think! Do you believe Occupy Wall Street has finally started a much-needed dialogue in this country?

The Daily Ticker Asks

Do you think college is worth the cost?

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  • Nolan  •  29 days ago
    How do these people have time to take part in this "protest"? It is simple, they do not have jobs and do not want a job. They want corrupt politicans to punish people who work with HIGH TAXES and them give them everything others have worked for in exchange for their vote. Some complain they can not find a job, they are out there, for those who want to work.
  • smokedsalmoned  •  1 month 27 days ago
    85% of the most poorly educated and chronically unemployed vote solidly Democrat. 95% of both groups voted for Obama.
    .
    13% of the population is african american and about 15% is latino or 28% total and they almost exclusively vote Democrat.
    .
    1/4 of our registered voters are represented by these two groups.
    .
    That means that about 1/2 of registered democrats have educations and jobs and the other half don't.
    .
    Furthermore if 50% of Americans are not paying any federal taxes after the earned income tax credit, we can reasonably and statistically assume that a very large percent of democrats pay zero federal taxes. These folks, be they Democrat, Republican or Independent, have no skin in the game and don’t care if we run deficits as long as they pay not one dime in federal taxes at the end of the day.

    .
    Basically 25% of our population are deciding our future by buying the votes of the 25% poorest and most poorly educated Americans.
    .
    Is all of this a good thing for our republic's financial health? Has voting Democrat been good for African Americans & Latinos, let alone America as a whole?
  • Dwight  •  Shreveport, Louisiana  •  1 month 21 days ago
    It is about anarchy.. the destruction of democracy using civil disobedience. big labor and institutionized socialization / indocrination from our educational system
  • smokedsalmoned  •  1 month 23 days ago
    You are aware that the democrats failed to pass a 2011 budget prior to october 2010?
    .
    In fact had they passed another 1 trillion dollar budget back then they would have had to raise the debt ceiling to do so but instead they cut out to run for reelection, shirking their legislative duty and playing politics.

    .
    Through January they kept passing continuing resolutions as the prior years bloated budget plus 1trillion deficit kept mounting.

    .
    Obama in the meantime formed a bipartisan committee to make proposals on how to cut the debt. They made a bunch of relatively meaningful recommendations.

    .
    A month or two later Obama suggested a 2011 budget with a 1.65 trillion dollar deficit that completely ignored the recommendations of his own bipartisan committee. Republicans of course refused to take such an irresponsible action and we are where we are at now because of the democrats.

    .
    We got in a debt ceiling crisis because of the democrats not the republicans..
    .
    So ask yourself this:
    1) why are the democrats against a balanced budget amendment?
    2) Why didn't he democrats pass a 2011 budget when they controlled all of congress and the presidency?
    3) Why are the democrats against cutting spending?
    4) Why are the democrats for raising taxes?
    5) Why would anyone believe that if, in the midst of a recession, you went to corporations and raised their tax expenses by 10% or more that they wouldn't turn around and lay off people as well as seek expense reductions elsewhere, slowing down the economy, to make up that 10% so they could show decent earnings to keep their stock price high?
  • Anthony  •  Springfield, Ohio  •  1 month 22 days ago
    Unfortunately, it seems like violence is the only way people will ever listen...
  • Sidney  •  Tampa, Florida  •  1 month 27 days ago
    is our country different than most other countries? Yet our citizens still live very well compared to most other countries no matter what the occupiers claim, or do they feel communism should again be a way of life for people? It didn't work before and do they think it will work now? That's what these people sound that they really want and if NOT, explain to me, WHAT DO THEY WANT?
  • smokedsalmoned  •  1 month 23 days ago
    Socialist Roots To Mortgage Crisis….Which Caused The Financial Crisis of 08
    .
    The American Dream of home ownership ran into the well intentioned but misguided fanaticism of socialist support t through governmental policies which twisted the dream to intend to provide it for all at unsustainable low cost. This was done despite the fact that not everyone is responsible enough to own and maintain a home. The banking system, as a long germ gatekeeper of home ownership, figured that out long ago. Not satisfied with the workings of the free market Congress created entities such as Fannie Mae &Freddie Mac to increase the percent of home ownership and even some States followed suit with smaller entities of a similar purpose.

    .
    After 5 decades these socialist economic policies distorted the housing market in this country and brought about a collapse. This well meaning effort to aid anyone who wanted to buy a home ended up in an actual 100% loan approval policy that spelled our doom by artificially pumped money into the housing market for decades.

    .
    Note that Congress privatized the program in 69 and encouraged the free market to support this two headed beast, along with State privatized entities of a similar purpose. Through privatization of Fannie & Freddie and Clintons repeal of Glass Steagall in 1999, they entangled the private market (AIG, Merryl Lynch, Banks etc.) in the mess as well. In the end, those who were encouraged to aid and abet that program are now suffering the consequences of the housing bust.

    .
    Socialism is the root of all evil in the current mortgage / credit crisis. We need to hold accountable those who sold the socialist economic policies responsible and vote them out of office. There is no free lunch and shame on any of us who knowingly voted for the fools who promised things that were too good to be true.
  • smokedsalmoned  •  1 month 23 days ago
    Obama's Debt Ceiling Flip Flop – Your Choice, Was It A Lie Or Stupidity?
    .
    President Barack Obama opposed increasing the debt ceiling in 06. Here is a direct quote from Obama back then when he voted against increasing the debt ceiling:

    .
    “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

    .
    Though he opposed the debt limit in 2006, in 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not even bother to vote for or against it. On the other hand, he did vote for TARP while in the Senate, which increased the debt limit by $700 billion.

    .
    The audacity of his flip flop is amazing.
  • Jim  •  Novato, California  •  1 month 21 days ago
    Get a clue people !!!!!!!!!!!!!!!!!!

    Occupiers might be the dirtiest and smelliest , but they have the RIGHT MESSAGE !
    STOP THE VULTURES OF WALL ST. ( the banks, and huge unethical Corporations.)

    The Occupiers are to trying to shed light on this...!!!!!!!!!!!!!!!!!!!!!!! Now do you get it ???
  • Jim  •  Novato, California  •  1 month 21 days ago
    Get a clue people !!!!!!!!!!!!!!!!!!

    Occupiers might be the dirtiest and smelliest , but they have the RIGHT MESSAGE !
    STOP THE VULTURES OF WALL ST. ( the banks, and huge unethical Corporations.)

    It has nothing to do with what's best for the country. It's another looting operation spearheaded by the same band of Wall Street pirates who just blew up the financial system.

    Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes

    it was Rubin's deregulation of the financial system that pushed the global economy to the brink of disaster. The Banks / (Corporate Lobbyists Greed ) which is the financial system here in the .US. now -

    The Occupiers are trying to shed light on this...!! and hopefully change the powers that be.
    Now do you get it ???
  • Dwight  •  Shreveport, Louisiana  •  1 month 21 days ago
    sure there is a lot of inheritted wealth in this country.. Every parent goal is to provide a better life for their children than they had.. Some did better than others.. That does not make them evil people..If those that inherit poorly manage their wealth it will not last.. As far as the trust fund babys.. They are reality tv..fodder and to be pitied..
  • smokedsalmoned  •  1 month 22 days ago
    Who Bet Your Fannie?
    .
    I have watched the youtube clip on the Fannie Mae hearings and I am outraged. Back in 04 this could have been addressed and yet the Democrats stood up one after another to protect Fannie while the Republicans struggled mightily to fix the problem. Perhaps the fact that Franklin Roosevelt created it and Lyndon Johnson privatized it made it difficult for the Democrats to tighten regulation on it but in the end the Democrats stalling in 2004 and their recent prevention in the past two years of George Bush's efforts to get them to tighten controls on Fannie and Freddie may have generated a Depression.

    .
    Now that we know who created this problem decades ago and who refused to fix it, we now know to vote the Democrats out in coming elections and watch them damned carefully until we are rid of them.
  • Des  •  Athens, Ohio  •  1 month 25 days ago
    What's it all about? good question!
  • smokedsalmoned  •  1 month 27 days ago
    Occupy Wall Street Vendetta Mask Has Domestic Terrorism Overtones.
    .
    The vendetta mask is a Guy Fawkes mask. Historically, on 5 November 1605, Guy Fawkes a member of the Gunpowder Plot, was arrested while guarding explosives the plotters had placed beneath the House Of Lords.

    Guy was a domestic terrorist who was going to detonate a bomb underneath the seat of government in England.
    Wearing the Vendetta mask and embracing the imagry & the history of that mask carries terrorist overtones.
  • smokedsalmoned  •  1 month 27 days ago
    Who makes up the "Evil" 1% that the 99% are supposedly demonizing?
    A research report of taxpayers is pretty eye opening, see attached:
    web.williams.edu/Economics/wp/BakijaColeHeimJobsIncomeGrowthTopEarners.pdf
    .
    Executives, Managers, Supervisors (Non -Finance) 31%
    Medical 15.7%
    Financial Professionals, Including management. 13.9%
    Lawyers 8.4%
    Computer, Math Engineering, Technical (Non financial) 4.6%
    Not working or deceased 4.3 %
    Skilled sales (except finance or real estate) 4.2%
    Blue collar or miscellaneous service 3.8%
    Real estate 3.2%
    Business operations (nonfinance) 3.0%
    Entrepreneur not elsewhere classified 2.3%
    Professors and scientists 1.8%
    Arts, media, sports 1.6%
    Unknown 0.9%
    Government, teachers, social services 0.8%
    Farmers & ranchers 0.5%
    Pilots 0.2%
    .
    FYI, they earn 22.8% of the income in this country but pay over 40% of the federal personal income taxes. Sounds pretty FAIR already. Ain't the truth a bummer.
  • smokedsalmoned  •  1 month 27 days ago
    Prosperity is earned. Dependency is re-distributed. Choose Prosperity!
  • ToughUSA  •  2 months ago
    According to Wall st., Banks and Media “We will pick the president not the voters
    “Wall Street executives turn back on Obama, start donating to Romney
    By Jake Interrante and Bob Cusack – 4 hours ago

    Dozens of Wall Street executives who supported President Obama in 2008 have donated to Mitt Romney's presidential campaign this year.

    According to a review of fundraising data, 67 people who work in the financial sector and live in the New York City metro area gave to Obama in 2008 and to the former Massachusetts governor in 2011.
    The reversals come in the wake of Obama's tough rhetoric on Wall Street — most notably last year, when the president was pushing Congress to pass what has become known as the Dodd-Frank financial reform law.

    The 67 individuals who live in New York, New Jersey and Connecticut donated at least once to Obama's 2008 campaign. They have since directed contributions amounting to more than $147,000 toward Romney's presidential campaign.

    The crossover donors are employed by a large number of banks, private equity firms and hedge-fund companies, including Credit Suisse, The Blackstone Group, Stanwich Group and Goldman Sachs.
    One of the donors is Joshua Harris of Apollo Management, who recently bought the Philadelphia 76ers. Others include Oscar Schafer of OSS Capital Management, David Solomon of Goldman Sachs, Barry Sternlight with the Starwood Capital Group and David Blitzer of the Blackstone Group.

    One Wall Street executive, who requested anonymity, said he and some of his colleagues feel betrayed by Obama.
    "Everybody I speak to is on the same boat — disappointment," said the source, who contributed to Obama three years ago and is now backing Romney.

    The executive said he and others on Wall Street have taken exception to Obama's rhetoric about the wealthy, especially because the president has asked rich donors to fork over $35,800 to his reelection efforts.”
    Romney should easily be able to buy the Presidentcy in 2012
  • smokedsalmoned  •  2 months ago
    Do the occupy wall street people really want a job or do they want everything handed to them? I think we all know the answer is that they want a hand out
  • Stephen  •  3 months ago
    The Nazi Party and the Communists endorse these protests. Strange bed fellows but they have the same goal as the protesters ...destroy America
  • John  •  3 months ago
    Two decades ago, a new administration took control of the government in Greece and implemented policies to "spread the wealth". Two decades later they are much worse off than the were before. There are always jobs for people with skills who are willing to give an honest days work. What is really going on, is that the global market for labor is driving down the value of unskilled or limited skilled labor. So should those with skills subsidize those without skills? The answer is probably yes, to a degree. The real question is, to what degree? Too much subsidy and you create a disincentive to be productive. Too little and you have rioting in the street. Well, I guess we have rioting in the street, so maybe some more subsidies are appropriate, But what? And how do you do it without destroying the prosperity of capitalism. That is the question? How do you keep that burning desire to get ahead that built this country alive without unequal wealth distribution? How many jobs have Bill Gates and Steve Jobs created? Or Henry Ford generations ago?

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