Sunday, October 16, 2011

A Facile Right Wing Dismissal of "Occupy Wall Street"

Here is a link to Lowman S. Henry's op-ed piece in the October 16 Harrisburg Patriot-News:  http://www.pennlive.com/editorials/index.ssf/2011/10/tea_party_strives_for_change_o.html


After reading Mr. Henry’s piece, it occurred to me that pretty much anyone can write a similar piece.  All one has to do is listen to Rush Limbaugh, then flip over to Sean Hannity.  Then, you just write down their talking points, and, bingo, you’re done.

Mr. Henry’s premise is that while the Tea Party movement is a well- reasoned, deeply felt grass roots movement, Occupy Wall Street is just a bunch of kooks who put on funny costumes and want the government to take care of them.  It’s an interesting idea, but where is the support for his premise?  I searched through his article for facts and statistics to support his concept, and came up empty.

While I don’t support every aspect of Occupy Wall Street, I have no doubt that they are well-meaning people whose anxiety about our country’s future is deeply felt.  What enrages Occupy Wall Street is that we are increasingly becoming a nation of haves and have nots.  Unlike Mr. Henry, let me offer some facts. 

In 2007, the last year for which such information is available, the top 1% of the US population held 43% of the country’s financial wealth and 35% of the total net worth. By contrast, the bottom 80% of the population has only 7% of financial wealth and 19% of the total net worth. The percentage held by the very wealthy has been steadily increasing during the past generation, and dramatically so since 2001, when the Bush tax cuts on the rich came into effect.  The last time we had this much wealth disparity was the gilded age of the robber barons.  Many folks feel that they’ve been playing by the rules, but the American Dream is just a game that is rigged against them.  These concerns are the genesis of Occupy Wall Street.

It is counterproductive to dismiss the concerns of either the Tea Party or Occupy Wall Street.  Mr. Henry’s right wing talking points bring us no closer to a solution to our country’s problems.




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