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Posts Tagged ‘Jeff Madrick’

Occupying Wall Street with Nurses, Teachers, Transit Workers, and the Rest of America’s Middle Class

Thursday, October 6th, 2011

We are the 99% . . . You are the 99%.”

“Banks got bailed out / We got sold out!”

“Whose street? Our street!”

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This Is Not the Fringe.
This Is the Middle Class.

Yesterday into last night we gathered near New York’s City Hall and marched with what looked and felt like at least 100,000 “marginal fringe elements” such as nurses’ and teachers’ unions, the New York City Transit Workers’ union, the AFL-CIO, and innumerable others through Lower Manhattan to Zuccotti Park near Wall Street, the home base of Occupy Wall Street. We’ve been on numerous protest rallies in Manhattan and Washington and London with hundreds of thousands, and this felt as jam-packed as the anti–Iraq War marches in 2003, 2004, 2005.

But this—this feels like a revolution.

Yesterday’s marchers in the tens of thousands were nurses, teachers, professors, bus drivers, subway track workers, secretaries, students, at least one World War II veteran on an aluminum walker (according to the sign around his neck), many children on foot and in strollers, and so on. This is the middle class. As the signs and chants say, “We are the 99%. You are the 99%.”

Among the unions that announced their support and sent members to the march were National Nurses United, AFL-CIO (AFSCME), United Federation of Teachers, New York State United Teachers, Service Employees International Union, SEIU 1199, the Transport Workers Union, Transit Workers Union Local 100, Working Families Party, Communications Workers of America, United Auto Workers, and Writers Guild East. (Click here for a longer list.)

A Few Things to Know about Occupy Wall Street 

•  Whatever you see on TV or read in the newspaper is probably a distortion, a minimizing dismissal, a marginalizing caricature. If you want the view of a seasoned journalist who has spent a lot of time with the OWS activists, read Chris Hedges, Pulitzer Prize–winning former New York Times reporter, at Truthdig and hear this interview with him. He describes the Occupy Wall Street activists as “the best among us.” See the video of Nobel Prize–winning economist Joseph Stiglitz and Jeff Madrick, author of Age of Greed, talking with the Occupants last weekend through the “people’s microphone” (bullhorns are forbidden).

•  The OWS organizers, a loose-knit, non-hierarchical network, are not fringey radicals, but mostly well-educated, social media–savvy young people, creative and resourceful, and organized. They have worked hard in school but there are no jobs. The system—both the economy down to its foundations and the government—is not working for anyone but 1%. It’s over.

•  The Occupation was inspired by both Tahrir Square, Cairo, and the Arab Spring, and by Adbusters.org. See New York magazine’s revealing findings in “Meet the Occupants.” Learn more at OccupyWallSt.org.

•  This Occupation is not limited to Wall Street in Lower Manhattan. Occupy Together lists meetups in 588 cities. L.A. Chicago. Philadelphia. Boston. Seattle. Albuquerque . . . Tomorrow, more. London, you’re next. See map below.

•  The activists are not “unfocused” or lacking in specific aims. They have some very specific demands, including raising the tax rates on upper incomes; calling on the federal government to protect homeowners from arbitrary foreclosures by banks; establishing a financial transactions tax; and closing the “carried interest” and “founders stock” loopholes that, in the words of New York Times columnist Nicholas Kristof, “allow our wealthiest citizens to pay very low tax rates by pretending that their labor compensation is a capital gain.”

•  Americans prefer Occupy Wall Streeters to Congress. New York magazine reports: “A new Rasmussen poll shows that 33 percent of Americans have a favorable view of the Wall Street protesters, compared with the 14 percent or so who said the same about the legislative branch. A whopping 79 percent also agreed with what Rasmussen characterized as the movement’s main statement: ‘The big banks got bailed but the middle class got left behind.’ ”

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