Saturday, October 15, 2011

The 99 Percent Rule

The Nation reports that the bottom 99 percent is "risiing up" to demand its due. But the numbers just aren't adding up.

So far only a few thousand people across the country have joined the Occupy Wall Street protests. In a country of 315 million people that means only about .0000001 percent of the 99 percent are "rising up."

Unemployment is at 9 percent and not even all those people have joined the OWS protest. The vast majority of those people are actively engaged in looking for work, or not working until their benefits run out. Most are not "rising up," they are hunkering down, cutting their expenses and hoping the economy turns around.

The country's economic fortunes will not be turned around by demonizing corporations and taxing the wealthy more. But it obviously makes some people feel pretty to say so.

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