An Occupy Wall Street Fact Sheet in Case You Get Hit Up by the Media
Here is a cheat sheet in case you get hit up by media and are not sure of what to say. Talking points:
- (What is Occupy Wall Street about?) OWS is about stopping the transfer of the wealth of the middle class and the working class even further
into the hands of one wealthiest one percent. This is done through bank bailouts, through war profiteering, and other forms of crony
capitalism. They only call it class warfare when we fight back.
- According to former Special Inspector General for the TARP bailouts Neil Barofsky, the American taxpayer may have to pay up to $23 trillion in
bailouts as a result of the bailout deals made between corporations, mostly banks, and the government in 2008. To put that in context the US
federal budget is about $4 trillion a year. (Politico, 7/20/09)
- Bank of America just moved derivatives nominally valued at $75 trillion into FDIC-insured accounts, putting the taxpayer on the hook for
potentially trillions of dollars for bad casino debts (bankers bet in the subprime mortgage crisis that housing values would go up forever, which is
stupid because nothing goes up forever. ) (Avery Goodman, 10/20/11)
- All means-tested entitlement programs, including Medicaid, food stamps, AFDC, SSI, child nutrition programs come up to about 7% of the
yearly federal budget. The bailouts eat up a good part of any discretionary money that's left after the Pentagon's $700 billion a year, and
interest on the national debt is about ten percent of the yearly budget. That is at least 20% of the budget the American taxpayer is getting
nothing for in return, much more if you consider that the Pentagon budget is filled with enormous waste. The bailouts disproportionately
benefit the wealthiest 1%, and because the debt limit is being increased every year, we are printing money and devaluing the currency to pay for
these bailouts. ("Occupy Wall Street Talking Points," WarIsACrime.org)
- What is the 99%? Many people don't know that if the total wealth of America were represented by a pie, 1% of the population would own
fully one-third of that pie, and 99% would own the rest. And that concentration of wealth has been getting more concentrated for 30 years.
(Business Insider 4/9/10)
- We spend $120 billion a year for military operations in Afghanistan, but for 5% of that we could end the war by giving Afghans infrastructure
programs run by a clean ministry, the Afghan National Solidarity program. Half of Afghans are malnourished after 10 years of occupation, and
that is shameful. We should give them reparations for bombing the heck out of their country and get out. ("Quran Burning Touched Dry
Tinder of Afghan Misery," DailyKos.com, 4/4/11)
- Occupy Wall Street wants to get the money out of politics. Most people don't know that on average 80% of congressional campaign
contributions come from outside the district. Ban money from outside the district, including special interest or corporate money of any kind,
and make congressmen work for the voters again. Personal donations from within the district only. I don't have any business giving money to
your congressman when I have my own. That's called bribery. ("Demand to Get the Money Out of Poltics," Truthout.org)
- If you want to know more about Occupy Wall Street it's real easy. Just google "demands" and "grievances" and you'll get many different
points of view. We don't have leaders, and we are still in the process of putting together a final list of demands. But the work is being done.
(All links to back-up sources for these facts are at http://OccupyMediaPoints.blogspot.com )