Readers might notice that this will be the first time I address the protestors on Wall Street. The reason for no coverage on CP is due to the lack of organization or message from these protests. It is not that their story has not had ample coverage or that their actions have not seen the light of day. I have been following the protests, but have not been impressed by them.
It is that after weeks of protests I am no more sure of what they stand for, or what policies they hope to create than before this all started. There are too many disparate interests coming from clearly discontented people that makes the message muddled and confusing.
I know there is anger over the assistance that banks received, and the vast amounts of cash that large companies are sitting on. I know that U.S. incomes are falling, and the unemployment rate remains too high.
I get those feelings of national angst.
What I do not sense however is the path forward that is supposed to come from these protests.
Whether people know it or not there are some foundations that have to be accepted. The protesters seem unable to grasp at least two of them.
The TARP funding was an appropriate reaction of our government to the disaster that was looming. While I am not a rich banker and can understand the needs of middle America during the economic crisis, I truly can not see how anyone can think that a massive injection of money into the financial sector was not prudent, or not know that without such monies things would have been much worse.
I also can not fathom why anyone thinks a large corporation (of which I am hardly ever supportive since they do not pay their fair share in taxes) would ante up money to create more widgets when there is not a nation of consumers at this time to buy them. Yet when I was listening to some protestors speak this past week from New York that was basically what was desired.
I am not clear about the goals those who are protesting Wall Street are seeking, and I am not sure they are either. I very much agree the direction the nation is headed is not where I want it to go. I get the high degree of angst people feel about a whole series of national concerns.
But at the end of the day I am not at all convinced the protests are the means to create a much-needed dialogue, or the best way to advocate for changes. Even if the protesters knew which changes they wanted.