Originally posted at KCET’s The Public Note.
Hundreds of people marched from Pershing Square to City Hall on Saturday, some with masks, some with bandanas, and many with signs bearing slogans admonishing the government, corporations and the current financial climate.
“We are the 99%”
“It’s not a crisis it’s a scam”
“Audit the Fed”
“Rights for the people not for corporations”
“200k in grad school debt where is my bailout?”
The protesters have been camped out on the City Hall lawn since Saturday, in solidarity with the 3-week strong Occupy Wall Street movement in New York. If America is a democracy, why does 1 percent of the population control 40 percent of the wealth, and take 25 percent of the income, economist and Nobel Laureate Joseph E. Stiglitz asked in the May 2011 issue of Vanity Fair.
Continue reading “Occupy Wall Street, Occupy Los Angeles and Early Media Reaction”
Tonight, President Obama delivered his first speech before the joint Congress — dubbed that State of the Nation, it sounded positively like a State of the Union address — with at least 50 breaks for applause (presidents generally don’t give an SOTU address their first year in office). Only five weeks after taking office, the U.S. economy has continued to spiral into the ground and Obama — whose cabinet is still not complete — addressed both houses of Congress with a somber (while somehow uplifting) 52-minute speech