Saturday, October 8, 2011

What They Want - What We Need

"Protesters Against Wall Street," editorial, New York Times, 9 October 2011

The problem is that no one in Washington has been listening. . . . No wonder then that Occupy Wall Street has become a magnet for discontent. There are plenty of policy goals to address the grievances of the protesters — including lasting foreclosure relief, a financial transactions tax, greater legal protection for workers’ rights, and more progressive taxation. The country needs a shift in the emphasis of public policy from protecting the banks to fostering full employment, including public spending for job creation and development of a strong, long-term strategy to increase domestic manufacturing.

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