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Why Occupy Wall Street will fail

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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:02 AM
Original message
Why Occupy Wall Street will fail

MarketWatch By Brett Arends, 8 hours ago

BOSTON (MarketWatch) — The public has every reason to be angry at what’s going on in this country, and every reason to protest. But will the Occupy Wall Street movement succeed in changing anything? Don’t count on it.

Here are five reasons I think these protests are doomed to fail.

1. They are in the wrong place.

Why are they down in Lower Manhattan? Do they think that’s where the power — and the money — really is? Folks: When people talk about “Wall Street,” it’s just a figure of speech.

Even in the days of J.P. Morgan Sr., the real action didn’t take place in the company offices at 60 Wall St. It took place in the old man’s library. Uptown.

--snip--

http://beta.finance.yahoo.com/news/why-occupy-wall-street-fail-040134995.html

They're getting desperate...It's good for a laugh if you take it in context.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:05 AM
Response to Original message
1. WOW
Just WOW!

Once the Occupy movement got the media's attention the rich started to worry.


WOW!
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Bok_Tukalo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:16 AM
Response to Reply #1
3. The only thing that would truly worry them ....
.... would be if the TEA party movement and the Occupy movement joined forces. The key is to keep the two apart and hostile to each other.
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SkyDaddy7 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 09:23 AM
Response to Reply #3
11. There is no Tea Party anger at Wall Street...
That was BS & now anger at Wall Street is Communism according to all those Tea Party voices that built the movement. So, NO ONE is "worried" that the Tea Party & OWS would join.
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Bok_Tukalo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 10:19 AM
Response to Reply #11
12. No. No one IS worried. The two groups are effectively kept at arms' length
I believe it, the making of common cause between them, is the only that would worry the political and economic power structure in this nation.
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cprise Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 02:16 PM
Response to Reply #12
17. Keep them way apart
The Teabaggers (their original chosen label) are a corporate-manufactured group that is so broken in their world view that they can barely manage being right twice a day.

Teabaggers are now the most hated group in the country, and OWS is one of the most appreciated.

They aren't merging material. They are a mirror for the corporate mouthpieces (mass media) to fawn over their own viewpoints and ignore the 99% without losing credibility (and the trick didn't work). OWS is a response to that dynamic.

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county worker Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:08 AM
Response to Original message
2. Well, if he wasn't so worried that OWS will be successful he wouldn't have
written that piece.

I am hearing so much of that kind of shit. It only serves to bolster the determination to be successful.
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bulloney Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:21 AM
Response to Reply #2
5. OWS has struck a raw nerve with the powers-that-be.
They always loved it when they had everyone distracted with their red herrings on abortion, gun control, and other stuff.

When OWS settled in Lower Manhattan, it finally drew the spotlight on the place where our economic problems started. To say that it actually starts in Washington or wherever is disingenuous and is being done to get everybody off the scent. People are finally starting to understand that Wall Street has spawned the crappy investments that have led to the bubble economies that wipe out middle class jobs and retirements while making the uber-wealthy even more wealthy. People are starting to understand that the bad policies from Washington and in their respective states start at Wall Street, where they have set up a revolving door with the federal government, getting their henchmen appointed to cabinet-level or regulatory positions, setting up a fox-and-henhouse environment. Or funding state government races to get their people elected so that things like state legislative districts or other issues are stacked in their favor.

People are finally becoming aware of Wall Street's role in all of this. And people are increasingly not liking what they're seeing.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:16 AM
Response to Original message
4. Op/Ed @FAIL. A perfect zero. 0/5
Edited on Fri Oct-21-11 08:28 AM by ixion
1. They are in the wrong place. - Misdirection. Not only is there already plenty of protest in DC, Wall St. is definitely a Gateway to Evil.

2. They don’t have an agenda. - Wrong. They do have an agenda, Brett: Putting corrupt scumbags like you out of a job, or into the slammer.

3. The weather’s turning. - Under-estimation. This is NOT a fair weather movement, as Brett will soon come to find out.

4. Money talks. Wrong. The people talk. We control money, it does not control us. Telling Money to STFU is part of the agenda.

5. We’ll forget about it. Wrong. Don't count on it.

The comments section says a great deal about who reads yahoo news.
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 09:16 AM
Response to Reply #4
10. As far as the comments go...
You can like or dislike a comment and drive the assohles off the board.
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deutsey Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:23 AM
Response to Original message
6. Well, I give him credit for knowing more words than Erin Burnett does n/t
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Magoo48 Donating Member (315 posts) Send PM | Profile | Ignore Fri Oct-21-11 08:26 AM
Response to Original message
7. Sounds like OWS is in exactly the right place......
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Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:39 AM
Response to Original message
8. Clueless. n/t
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SoDesuKa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 08:46 AM
Response to Original message
9. What Are They Protesting? They Don't Even Know
Fox News doesn't get it, but actual voters don't have trouble identifying what the protests are about. When the demonstrators say the system is rigged, ordinary folks get it.



Bill O'Reilly doesn't get it.
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 10:43 AM
Response to Reply #9
13. Getting it....
That Gut reaction....people may not be able to put a finger on it, but they know when they've been fucked-over.
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certainot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 11:36 AM
Response to Original message
14. OWS would be more effective if right wing radio stations were included
those stations have ben a coordinated megavoice for the wall st think tanks for 20 years and are the main reason we're in this mess.

every day for 20 years those 1000+ stations have worked against all goals of the OWS protests, and continue to do so. there is NO organized opposition to them, while they distort the protestors goals and attack them, enabling local political repression of OWS in every state. even after OWS media coverage begins to drop off the think tanks will look for PR gains by OWS and devise counterpropaganda that will be loudest and most continuous from those stations.

many of those stations gain community credibility they don't deserve because they broadcast sports for our universities. those universities need to look to apolitical alternatives. shame on them for giving credibility to the global warming denial, sexism, and racism from liars like limbaugh and hannity.

and some of those stations are located in traffic areas. limbaugh's father station is WABC near penn station, NYC.

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cprise Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 01:58 PM
Response to Reply #14
16. We need media reform. "Drain the swamp" of the roid-ragers.
...which includes reinstating restrictions on media ownership: No cross-investment from other industries, no more regional monopolies.



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certainot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-21-11 04:14 PM
Response to Reply #16
18. i agree, but so far, with talk radio intact, the corporate GOP has beaten all efforts at reform
they scream free speech! free speech! loud enough to scare the blue dogs
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Populist_Prole Donating Member (774 posts) Send PM | Profile | Ignore Fri Oct-21-11 12:11 PM
Response to Original message
15. They sound do sound desperate, and shallow too.
You can tell they think we're shallow as well, as evidenced by their pathetic attempt to distract through the use of semantics and imagery. Metaphorically speaking, they just can't figure out we've had the dots connected to make a solid case for a very long time, so they basically say that by "dots", we really mean sugary gumdrops or something.
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NICO9000 Donating Member (574 posts) Send PM | Profile | Ignore Fri Oct-21-11 05:38 PM
Response to Original message
19. I would expect nothing less from a guy who writes for MarketWatch
I'm quaking in my boots!

:hippie:
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ren1999 Donating Member (2 posts) Send PM | Profile | Ignore Sat Oct-22-11 07:16 AM
Response to Original message
20. Greetings Brett
In a sense, the first Occupy Stuff effort will fail.
But what grows from this effort will be a relative success.
Right now people are mobilizing. This is just training for something greater.

I think that The Credit Union movement might be very effective in punishing those who have gambled with our savings.

Tea Party Members are arguing that this is the beginning of a Communist Revolution in the U.S.
I sort of agree. Our troops are coming home from Iraq. If people don't start listing to protester complaints, there could be an unfortunate reaction.

Communism is awful. It is the same as the capitalism we have now just the military leaders will become the new rich.
We all need to stand up against Republicans and Blue Dog Democrats that vote against American Families before it comes to that.
We need socialist national health care. We need social security. We need fair wages.

I predict it will be too late. We'll find out shortly.

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ejbr Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 11:31 AM
Response to Original message
21. Attention protesters!
Someone with a vested interest in the occupation failing claims it's going to fail, so you should just go home. :sarcasm:
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saras Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 02:42 PM
Response to Original message
22. Their real worry is that moderate Republicans will join OWS because it's not the Democratic party
Moderate Republicans have an even harder time of it than Democratic progressives these days.
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-22-11 04:06 PM
Response to Reply #22
23. Eisenhower Republicans
Left of Center for sure.
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