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Posts Tagged ‘protest’

Occupy Wall Street Need Goals for Public Support

October 18th, 2011

by

This piece was originally published by Politico.

Austerity is so last year.

It was all the rage in 2010 with the rise of the tea party. This year, an inevitable backlash has set in. With the emergence of the Occupy Wall Street protests, we’re seeing a pivot in the opposite direction — toward fairness.

In 2010, the debt crisis terrified governments all over the world. If we don’t start living within our means, government leaders warned, we could all turn into Greece.

In the United States, the tea party movement forced austerity onto the national agenda. Cut government spending! Balance the budget! Or else the tea party will get you. Which is exactly what it did in the 2010 midterm.

The threat of tea party opposition scared the bejesus out of congressional Republicans. In the House of Representatives, the tea party elected a huge class of freshman legislators, who became the Austerity Army. No stimulus spending! No unemployment compensation! No disaster relief unless it’s paid for!

But guess what? Pain is not popular. This year, the economy has taken a turn for the worse. The threat of a double-dip recession is real. And we’re seeing the first stirrings of protest on the left. Read the rest of this entry »