Fight The Lies: Why Occupy Wall Street Is More Hooverville than Woodstock

[Fire Walk With Me]

Fight The Lies: Why Occupy Wall Street Is More Hooverville than Woodstock
October 12, 2011 By Jason Easley

The right and their media have characterized Occupy Wall Street as socialist hippie movement, but with youth unemployment at 24.6%, Occupy is more Hooverville than Woodstock.

...

If you want to understand why all of those young people have taken to the streets, all you need to know is that 24.6% of American youths (16-24 year olds) are unemployed. The number of young unemployed people is more twice as high as the Hispanic unemployment rate (11.3%), and eight points higher than African-American unemployment (16%). These young Americans are taking to the streets and pointing the finger at Wall Street, the big financial firms, and the banks because they know who crashed the economy. The unpunished criminal activity of the banks and Wall Street are the reason why they can’t get a job.

For the first time since the Bureau of Labor Statistics started collecting data in 1948, less than 50% of young people are employed. For young Americans, this isn’t a recession. It’s a depression. Unemployed college grads are not only facing non-existent employer demand, but they also are in competition with the constant stream of new graduates entering the labor force. Would an employer rather hire a freshly graduated 21 year old with no experience, or an older grad with no experience that has spent years looking for a job?

http://www.politicususa.com/en/occupy-wall-street-hooverville

[leftstreet]

1. K&R

Interesting article, thanks for posting

Although I disagree that Waaah Street is nervous:

The reason why Occupy Wall Street makes the corporate power brokers and rich so nervous is because they remember what happened they crashed the economy. The people pushed back by voting for FDR and the New Deal.

People thought they elected a new FDR with Obama.

:-(

[OHdem10]

2. This defies the Media Narrative. The narrative is that the Educated

Have Jobs. Many have gone out of the way to say--this
Proves Education especially college is so important.

Yet I have seen documentary type pieces showing rooms full
of unemployed with no one in the room with less than 21years
of college and most with Degrees. Granted these groups
were more fortyish. However, today with the life span
lengthening, forty asd 50 should not be the stopping point
in life.

We know the young college graduates are having a hard time
finding employment, despite the Media Narrative.

There are people with skills just as there are people with
few skills.

If this was not true there would be no OWS.

[Fire Walk With Me]

3. ...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2101082

[leveymg]

4. Actually, the June 1932 Bonus March and veteran's occupation of DC came to mind.

[cascadiance]

5. Actually I was thinking earlier that we really could use a Woodstock scale concert again!

Where's the next Max Yasgur to step up and help us out with getting one put together?

I know there were attempts to make follow ups to Woodstock earlier that weren't quite the same then.

But now the nation's mood is more like it was then when it happened than when the earlier subsequent Woodstock concerts happened. And I think a gathering like that could have the same magic again if done right. And with the media and interconnectivity of it now, it could be even more worldwide in scope than that one was then.

[PETRUS]

6. K&R nt