Thursday, October 13, 2011

In My Humble Opinion

For weeks the movement, Occupy Wall Street, has protested against where the wealth of America lies in our economic state.

From New York City to the Bay Area, protesters have been in front of banks letting the nation, government and bank systems know they are unhappy with the unemployment rate and foreclosure rate on homes.

In my opinion, the recent protests have reminded us of how the government set to fix the economy through economic bailouts.

In 2008, when the bailouts were given many experts supported the actions but soon after reality set in and banks were winning and home-owners were losing.

The bailout were meant to protect home-owners from losing their homes but according to Father Eduardo Samaniego he ha seen nearly one in eight homes foreclosed in his community since 2008.

Banks are supposed to be on the side of their customers but it is evident that these protests are correct in bringing up how the banks are not protecting people and their homes.

The economic downward spiral has only increased the separation between the wealthy and those that go without.

These protests are attempting to create a change in the corrupt and mismanaged U.S. capitol to better protect the 99 percent.

Protesters hope to create a change that will let the majority be the voice and face of our nation, changes have to be made in Washington for there to be any hope for change in our economic state.

It seems as though more arrests have been made because of these protests and fewer actions have been made from the government or banks.

I feel that the number of protests occurring across the nation should be garnering enough attention for law-makers and bank officials to start thinking on how they can protect the 99 percent.

We must be the change we want to be and these protests are pointing out that our economic situation can be controlled and influence by the 99 percent.

Sources:
http://www.mercurynews.com/bay-area-news/ci_19100787
http://www.huffingtonpost.com/jeffrey-sachs/occupy-wall-street-and-th_b_1007609.html

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