Occupy Wall Street -- Unrealistic Demands Won't Help Their Cause
By Kimberly Morgan | Yahoo! Contributor Network – 14hrs ago
COMMENTARY | Occupy Wall Street is finally getting news coverage. Protestors are taking their message to Wall Street and they're about as unrealistic in their demands as you could possibly get.
The message Wall Street is getting is, apparently, you can live comfortably in a public park, eat donated food and use public bathrooms at localfast food joints (whose corporate greed they are protesting).
Someone did, in fact, post such a list of demands eight days ago (I'm pretty sure many of the protesters didn't know this, either).
Included in the demands are free college education, a guaranteed living wage, $1 trillion spent "right now" for infrastructure and another $1 trillion spent for ecological restoration .
Infrastructure is something defined loosely as "Water, Sewer, Rail, Roads and Bridges and Electrical Grid" -- some of which are, in fact, privately owned andoperated, while others are under the auspices ofstate and local governance. No differentiation between them is made by the protesters. Had they beenattending their government and economics classes insteadof camping out, they might have known this.
The "decommissioning ofall of America's nuclear power plants " is considered part of the ecological restoration is mentioned.
One wonders what the group might do if these demands aren't met by the time winter descendson the various municipal parks around the countryand the nuclear power plants haven't been decommissioned. They might add "send hot chocolate and blankets" to their list of demands.
I doubt it, though. This would indicate something achievable and sensible.
Another notable demand:"Immediate across the board debt forgiveness for all."
So, everyone's debt should immediately be forgiven and no one should have to pay for school. The money fairy should descend and magically imbue the budgets of a few select programs with trillions infunds. In anticipation of liberty and debt forgiveness for all, I suggest everyone head to their nearest college campus and charge up a ton of college debt.
All will soon be forgiven, apparently, because the Occupy Wall Street folks hold such sway with the private sector and public policy makers.
Their demands are irrational and sound like someone simply threw them together in response to criticism.
In fact, that's almost certainly what happened.
Occupy Wall Street is a misguided social statement aimed at corporate corruption -- or could be, if it organized and quit sounding like a bunch of kids looking for their 15 minutes of fame.
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Unrealistic demands....
In the last decade we have witnessed the US government bail out major auto manufacturers, banks, insurers and wall street executives in excess of the trillions of dollars being asked for by common people. I am not an American citizen but can see the "common" peoples point.
What I do find concerning is the very people who created the last economic melt down, were hired by both Bush and Obama after they left their Wall Street posts with multi million dollar severance packages. Their packages were compliments of the taxpayers.
The tax payers rallying now are requesting what is rightfully theirs. Infrastructure, their gift to the greedy to be returned and redistributed appropriately so all Americans benefit.
What is or who is unrealistic depends on which side of the fence the question is asked.
The real picture here is that less than 1% of the US public benefitted in both meltdowns while the remaining 99% struggled, lost jobs and homes.
There is a good documentary out there trying to hold those accountable for the bank melt down. "Inside Job"

it doesnt seem to really be 'organized' with any specific demands,,,it seems mostly symbolic of how fed up people are with how money is so mixed in with politics, and how those with the most of it, seem to have the most influence,,,no matter how small a minority they are,,,

Futures point to Wall Street extending rally
By Brian Gorman | Reuters - 20 mins ago


* Wall Street was set to rise on Thursday, extending a rally into a third day, on optimism that European policymakers are making progress in their efforts to help shore up troubled banks.

* At 0851 GMT, futures for the S&P 500, Dow Jones and Nasdaq 100 were up between 0.7 and 0.9 percent.

* The FTSEurofirst 300 index of leading European shares was up 1.8 percent at 932.99 points, ahead of interest rate and policy decisions from the European Central Bank and Bank of England.

* The STOXX Europe 600 Banking Index rose 3.6 percent, extending gains after the European Union's executive proposed member states carry out a co-ordinated recapitalization of banks.

* Shares in Apple fell in early trade on the Frankfurt stock exchange, down more than 3 percent, after co-founder and former CEO Steve Jobs died following a long battle with cancer and other health issues.

* Initial jobless claims are expected to rise to 410,000 for the week ended October 1, up from 391,000. Continuing claims are seen rising slightly to 3.72 million from 3.71 million. The data comes ahead of Friday's all-important non-farm payrolls.

* Constellation Brands, the world's largest branded wine maker, will shed light on the state of consumer spending when it reports fiscal second-quarter earnings. Analysts expect a profit of 66 cents per share, up from 52 cents a year ago.

* On Wednesday, U.S. shares rose a second day, continuing a recovery from a slump that had seen the S&P 500 enter bear-market territory.

* The Dow Jones industrial average rose 1.2 percent; the S&P 500 added 1.8 percent; the Nasdaq Composite rose 2.3 percent.

(Reporting by Brian Gorman; Editing by David Hulmes)

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New York
October 6, 2011
Wall Street protesters to stage rallies in NJ
Associated Press
JERSEY CITY, N.J. — Local protests against corporate America are planned in New Jersey as a show of solidarity with demonstrations that started last month outside the New York Stock Exchange.
Rallies are planned Thursday in Jersey City and at the Statehouse in Trenton. Protesters are expected to call for an end of what they say is corporate control of government.
The initial protests in New York, called Occupy Wall Street, started Sept. 17 and have since spread to other cities.
According to the Occupy New Jersey Facebook page, the New Jersey protests are slated to start at 2 p.m. Copyright 2011 Associated Press Login
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