Wall Street -- Warts & All -- Signs of the Times
Quote de jour
"Buy on the rumor,sell on the news."
~Wall Street proverb.
Not only is history written by the winners, but news is dictated by those in power. Take the Wall Street protests last Friday and Saturday. Nary a blip on the news.Not a word in the NY Times or The Wall Street Journal. Co-incidence? I think not.The new Yankee stadium warranted way more coverage. Maybe if some anarchists had smashed some bank windows like they did in London last week, we would have seen more coverage. Some say, there were only a couple of hundred protesters. Despite the thunderstorm and torrents of rain, I'd estimate the numbers were closer to a thousand. Blink and each day passes faster than the last. The line between truth and fiction blurs readily. Did I imagine the angry voices of the protesters? The smell of fear of Wall Street boys as they skittered away from the cameras? I was on there on April 4th as part of a crew filming a documentary. No I didn't imagine it. The smell of fear, greed, big money, crumbled dreams, layers of loss permeated my aura. I needed a long shower when I got home. Here are are few of my favorite "signs of the times" from that day.
The boys in blue out in full force.
Capitalism is Dead. This homemade sign (sadly) is my fave. Is the American Dream really over?
Across from the street from the stock exchange, stood one brave artist with one of her paintings. It turned out to be Brooke McGowen, an artist who uses political satire with wit and whimsy. To see more of her intriguing work to to her Website http://www.brookemcgowen.com
"Buy on the rumor,sell on the news."
~Wall Street proverb.
Not only is history written by the winners, but news is dictated by those in power. Take the Wall Street protests last Friday and Saturday. Nary a blip on the news.Not a word in the NY Times or The Wall Street Journal. Co-incidence? I think not.The new Yankee stadium warranted way more coverage. Maybe if some anarchists had smashed some bank windows like they did in London last week, we would have seen more coverage. Some say, there were only a couple of hundred protesters. Despite the thunderstorm and torrents of rain, I'd estimate the numbers were closer to a thousand. Blink and each day passes faster than the last. The line between truth and fiction blurs readily. Did I imagine the angry voices of the protesters? The smell of fear of Wall Street boys as they skittered away from the cameras? I was on there on April 4th as part of a crew filming a documentary. No I didn't imagine it. The smell of fear, greed, big money, crumbled dreams, layers of loss permeated my aura. I needed a long shower when I got home. Here are are few of my favorite "signs of the times" from that day.
The boys in blue out in full force.
Capitalism is Dead. This homemade sign (sadly) is my fave. Is the American Dream really over?
Across from the street from the stock exchange, stood one brave artist with one of her paintings. It turned out to be Brooke McGowen, an artist who uses political satire with wit and whimsy. To see more of her intriguing work to to her Website http://www.brookemcgowen.com
Posted by Layla Morgan Wilde at 4/8/2009 1:16 PM 
Categories: New York, Politics, Art
Tags: Wall Street Protest
Categories: New York, Politics, Art
Tags: Wall Street Protest
I'm surprised that the NYT didn't publish a story. Not surprised that the Wall Street Journal would ignore it. Why ruffle the feathers of their wealthy subscribers, not to mention their wealthy publisher? Anyway, here's a link to an article in the Washington Post.
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/03/AR2009040301944.html
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Very injured. The American Dream. It has been dying for about 30 years. Income has not gone up anywhere near as much as housing, education, general consumer prices and health care costs. No one can afford anything except for those making more than 500K, about one tenth of a percent of the population.
The middle class, once the mainstay of American society in the 60s and 70s has shrunk and the lower quartile and lower half of the SES rung has grown tremendously.
I read that somone suggested bringing back debtor's prisons.
There wouldnt' be room enough in the entire country to hold all those who owe money.
But we will see improvement with Obama.
Even with FDR's great WPA projects and newly created social programs known as entitlements (which have been whittled), it was much harder for FDR to actually create new jobs in an economy that just was not healthy.
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We can only hope.
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