Think Occupy Wall Street has dribbled to the oblivion of political history? Think again. It seems an offshoot of the OWS movement, The 99 Percent Working Group, Ltd., a non-profit, came up with the 99% Declaration and National General Assembly. They published a PETITION FOR A REDRESS OF GRIEVANCES and are organizing delegates, complete with voting rights, to ratify their platform. Yup, a real specific platform and agenda. They even bought a commercial.
- Elimination of the Corporate State.
- Overturning the “Citizens United” Case.
- Elimination of All Private Benefits to Public Servants.
- Term Limits.
- A Fair Tax Code.
- Health Care for All.
- Protection of the Planet.
- Debt Reduction.
- Jobs for All Americans.
- Student Loan Debt Refinancing.
- Ending Perpetual War for Profit.
- Emergency Reform of Public Education.
- End Outsourcing and Currency Manipulation.
- Banking and Securities Reform.
- Foreclosure Moratorium, Mortgage Refinancing and Principle Write Downs.
- Review and Reform of the Federal Reserve Banking System.
- Ending the Electoral College and Enactment of Uniform Federal Election Rules in All of the States.
- Ending the War in Afghanistan and Care of Veterans.
- No Censorship of the Internet.
- Reinstitution of Civil Rights Including the Repeal of the NDAA.
- Curtailing the Private Prison Industrial Complex.
Others associated with the Occupy Movement formed a Super PAC. Howz that for fighting fire with fire?
A supporter of the 99 percent is one of the latest citizens (or corporations) to apply to raise unlimited sums of money for politics.
John Paul Thornton of Decatur, Alabama submitted an application to the Federal Election Commission on behalf of Occupy Wall Street to create the Occupy Wall Street Political Action Committee.
The goal of their very detailed letter: “We want the regulators to enforce the Volcker rule vigorously,” said Akshat Tewary, the lawyer, in an interview. “There’s obviously a lot of pressure” on regulators coming from foreign governments, banks and “pretty much everyone to try to dilute and winnow away the rule as much as possible. So we want to take the counterpoint position and try to have it enforced as much as possible.”
The Occupy letter, for instance, takes head on the ubiquitous industry argument that the proposed regulation could dampen liquidity in the financial markets. The Occupy group argues the banks are exaggerating the impact the proposal would have on liquidity, noting that junk bond trading volumes “are at record levels” even as firms begin to fall in line with Volcker rule prohibitions.
“The idea put forth by industry lobbyists and trade groups, that the removal of a government subsidy within a segment of market makers will cause serious and permanent market-wide reductions in liquidity defies both common sense and the foundations of free-market capitalism,” the Occupy letter argues.
Yet another OWS offshoot, Occupy Our Homes, is trying to save people from foreclosure. Considering the recent mortgage settlement is projected to dramatically increase foreclosures, OOH have their work cut out for them.
I think almost all of America can agree with the 99% list of grievances and it's wonderful to see offshore outsourcing, labor arbitrage front and center! Just today, India's NASSCOM, the offshore outsourcing industry group, announced 230,000 more jobs at the start of 2012...for Indians. Literally the article notes how they are running out of Indian workers, so bummer, while operating in other countries, they might have to hire local. Seeing a political platform which says this labor arbitrage of Americans is wrong, economic suicide and immoral is a refreshing change.
The 99% working group is literally organizing a revolution. They are planning to elect 876 Delegates from all 435 Congressional Voting Districts for a national assembly on....the 4th of July. This is all to ratify the list of grievances, which we here at The Economic Populist would call an economic political platform.
Let's hope the 99% continue crafting platforms and policies based on facts and also where at least 80% of people agree. That's the thing to note about their list. The statistics certainly back up the complaints. For profit private prisons, for example, are a major problem, and 25% of all prisoners in the world are actually U.S. citizens. We didn't see political spinners, wedge issues, on their petition list.
Which would you rather have, participation in some real Democracy or more never ending cable chatter about sweater vests and birth control? Check out their site and yes you can suggest a grievance.