Previously Occupied

I know some have questioned the motivations behind some of the protesters in Occupy Wall Street. Why should they feel they automatically win something by going to college, getting a degree, holding down a job, owning a home? The word “entitlement” is bandied about a lot, as if this is some whiny lot of panhandlers complaining about the change they get standing outside the bus station. It’s not that at all. Far from a movement, in the classic sense, it is a message: "We are the people whose lives have been disrupted by the machinations of Wall Street and Washington, D.C. in the name of greed and power and we're not happy about it."

For all that many would tarnish these protesters, claiming they are shirkers, layabouts, and well-dressed panhandlers, the members of Occupy Wall Street have a valid concern: the rules have been changed to favor those who are already wealthy and secure, at the expense of those seeking to join that circle. No one is saying that the desire to earn money, be wealthy, and have personal security is in the absolute, wrong; that is the goal of the vast majority of Americans. What is being said is that The Monied Powers and their minions are seeking to create exclusivity, to deny those self-same Americans the fruits of honest labor, and attempting to insulate themselves from their responsibility to the rest of humanity, as if they are somehow "above" us.

This nation's history has been driven on the ideals of freedom and independence of the individual, of hard work leading to greater rewards, of investment in the improvement of the standard of living. Those ideals were rolled into the “American Dream,” the idea that every American should become a landowner, should reap the benefits of their hard work, and become personally enriched through perseverance and sound financial management. It’s a wonderful dream, and it is obtainable, in theory; the problem comes when those who manage the systems under which the dream is pursued change the rules or alter the systems in ways that only seek to enrich themselves, and not the vast majority of Americans. Where greed is unfettered, the 99% suffer.

These people had expectations, based on what they were taught by their parents, what they were told in school, what the pundits and prognosticators kept pouring into the airwaves. Work hard. Get an education. Buy a home. Those were supposed to be some of the keys to success. And they were… until Washington, D.C. and Wall Street rigged the game. Not unlike a casino, The Monied Powers and their minions have stacked the odds in their favor, and shed not a tear for the long, sad stream of gamblers who wander away from the table bereft of what little they had and indebted for more than they can hope to make.

It isn’t about entitlement. It isn’t even about fairness. It’s about a level playing field. It’s about economic systems being controlled and regulated so that everyone, regardless of their economic status, can play and have an equal chance at success. As long as our government allows the economy to be run in the current fashion, the 99% have no hope of making the headway they should be making, given their efforts. Occupy Wall Street is the cry of the ultimate oppressed majority, people of every stripe who are tired of playing by a set of rules that only favor those who already have wealth. If this country is to operate as it should, everyone should have an equal chance at success — any other way, and we are doomed to a slow, choking, violent death.

Make This Job And Fill It!

For those who are sure that the Bush-era tax cuts are the key to stimulating job growth, here is a little sober realization: in 2009, private sector job growth for the previous ten years: a net loss of 203,000 jobs. So, to recap, in roughly the last ten years, there has been no job gain in the U.S. private sector, including the years in which the Bush tax cuts were in effect. So, for those pinning their hopes on putting money in the pockets of the wealthy as a means to stimulate job production, I'm sorry to say that you are misplacing your faith.

The job situation is bleak, and it is so because the circular chain of job loss is not being broken. Americans are not buying goods and services. This causes companies to trim expenditures on equipment and supplies, and decrease their employment rolls to maintain profit margins and keep investors happy. With new people out of work, forced to rely on savings and/or unemployment, they spend less, paying only for the necessities, and therefore the economy weakens further. This cycle continues apace, with companies holding dearly to unsustainable profit margins, rather than bucking the trend and putting people back to work. No longer is it OK to run lean; you must be able to maintain profits, even in the hardest economic times.

The Federal government can only do so much. While the stimulus bills initially helped, the fact remains that the government cannot continue to pour money it does not have into the economy to keep it running. The "free" market is supposed to be able to correct itself, but it shows no sign of doing so, squeezing every last dime out of operating margins to ensure that stock prices remain high and the outlook for their companies, healthy. Those who bear the brunt of this tortuous policy are the small and middle-sized businesses, who rely on the big businesses to generate their cash flow. The effect cascades down the supply chain, until small businesses are bankrupted and middle-sized companies are forced to lay off workers to survive.

Congress shows no signs of rushing to the aid of small and medium business in a mid-term election year. The Republicans hope to capitalize on the sluggish economy, as a way of pointing out the folly of Democrats, even though it was they who stalled and obfuscated and rejected to the point of hopelessly snarling necessary legislation. Even now, they could be helping small businesses with tax breaks and incentives, and doing more to get big business to pry money out of their wallets, but they prefer to watch the slow strangulation of the American worker in order to score political points with a constituency that does not seem to realize that their elected representatives are to blame for their plight.

The job situation will not improve until big business decides to stop the bleeding and pump up its payrolls. Rather than off-shoring work and trimming workers to force up productivity numbers, they need to grab up the available talent and put them to work in expansion and solidification. Until companies hire workers, injecting money back into the economy in the form of salaries and benefits, the news will continue to be dismal. While Fortune 500 CEOs may be enjoying their big bonuses, eventually the companies beneath them will be eaten away, and their golden parachutes will be more full of holes than they realize. It is up to captains of industry to step up and do their part, to take the cash out of the bank and put it where it will do the most good: in the hands of decent, hard-working Americans.