"OCCUPY WALL STRRET:THE POLITICAL REVOLUTION THAT IS SWEEPING THROUGH AMERICA"

"OCCUPY WALL STREET:THE POLITICAL REVOLUTION AND ANSWER TO THE PRESENT ECONOMIC CRISIS, INCOME INEQUALITY, POVERTY AND WEALTH GAP IN AMERICA":This powerful, unstoppable, effective, leaderless but middle-class powered revolution is now in its 4th week and it is spreading like a bush fire into the commercial nerve centers and 51 major cities in America for the following reasons:(i) Wall Street bankers were primarily responsible for the present economic recession. Their risky business practices led to the collapse of this economy in 2008.

(ii) The too-big to fail banks were bailed out with our taxes after the collapse of our economy. They have since recovered and are now economically vibrant, but the middle-class Americans have not recovered from the same economic crisis.

 (iii) Six of the biggest banks on Wall Street control 60% of America's GDP or about $7 trillion. This monopoly must be broken for competition and fairness. If these six banks collapse again which is very possible based on the same business model they practice today which was the same business model that collapsed our economy in the first instance.

 (iv) The corporations are sitting on an idle cash totalling $2 trillion at the present moment. They have refused to create jobs or invest this money in this ailing economy. (v) Our democracy and the US Congress have been hijacked by the Wall Street bankers and big corporations through their thousands of lobbyists and campaign money given to these politicians and our elected public officials.

(vi) Money determines election winners, this is not democracy but a corporatocracy. The rule of the corporations, for the corporations and by the corporations. (vii) Unemployment rate stands at 9.1%, the highest since the great depression of the 1930s. 14 million Americans are unemployed, another 10 million Americans are underemployed.

 (viii) The top 1% of Americans who are about 450,000 billionaires and millionaires control 60% of the nation's wealth, pay less taxes and have increased their wealth by 400% in the last 30 years through these favorable economic policies that favor the rich and big corporations only.

 (ix) Millions of home owners are facing foreclosures that was caused by these Wall Street investment bankers who were bailed out instead of these home owners who were given bad loans by these banks. (x) Republican-led House of Representatives and their senators in the House of Senate are all in Washington primarily to defend and protect the Wall Street and the wealthy Americans instead of the middle-class Americans and the poor that voted them into power.

(xi) Poverty rate in America is now at over 46%, the highest rate in the last 15 years according to a government report that came out recently. (xii) The middle-class, the economic engine of any nation and its democracy is quickly disappearing in America today. The middle-class jobs that make the American Dream a reality to millions of American workers are no longer obtainable today.

 

The Republican leaders have been verbally attacking these peaceful protesters calling them mobs. Othes on the left of our politics says it is the direct answer to the political extremism of the Tea Party Movement that swept this nation in 2010. What will be the final outcome and the future of this powerful political movement that cuts across races, socioeconomic status, ethnicities and culture and is taking over the major cities of America today? Power belongs to the American people. Only time will surely tell.