On October 4, City Councilman Gil Garcetti made it known to protesters in front of City Hall that he is willing to introduce a mission statement for a vote by the members, but in the meantime he offered his support for the general principes of the protesters. The policy statements of Occupy LA will be found here as they become official as well as any proposals submitted to the City Council of Los Angeles.
I have been reading forum posts on here and at Occupy Wall Street and I keep seeing a recurring thread. This movement keeps saying it is for the 99% who aren't super rich, but people keep saying things like right-wing this and Republican that, forgetting that a good portion of the country is republican or right wing.
It is popular to make fun of Right-Wing conservatives, but does anyone really believe that the right-wing conservatives only make up 1% of this country? If so why are people like Glen Beck popular?
Today Ben Bernanke added his voice to those who are worried about Europe’s debt crisis.
But why exactly should America be so concerned? Yes, we export to Europe – but those exports aren’t going to dry up. And in any event, they’re tiny compared to the size of the U.S. economy.
If you want the real reason, follow the money. A Greek (or Irish or Spanish or Italian or Portugese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008.
In other words, Greece isn’t the real problem. Nor is Ireland, Italy, Portugal, or Spain. The real problem is the financial system — centered on Wall Street. And we still haven’t solved it.