The Fed, it seems, was doing only what banks and the money market do for each other every day: making “liquidity” available at very low interest rates. In 2008, bank liquidity dried up after Lehman Brothers collapsed, and the banks could not get the cheap, ready credit on which their lending scheme depends. The Fed then stepped in as “lender of last resort,” doing what it had to do to keep the banking scheme going.
It is in moments like these, and probably ONLY in moments like these, that experience with police riots comes in handy. The secret is to focus on small goals and try not to get hurt. I somehow inserted myself to the center of the struggling knot of humanity at the barrier, and I positioned myself at Hacker-Camper’s ear: “You can’t get arrested until you return my phone!” Hacker-Camper releases the barricade, hands me the phone, we trade the briefest of warm smiles, and he then dives headfirst back into the fray. I look down at my phone… he had somehow installed Ustream and I was recording live!
We aren’t the folks with the guns. We aren’t criminalizing anyone or taking away their rights. We haven’t put thousands upon thousands of families out of their homes. We don’t evade our responsibility to care for seniors, veterans, disabled and sick people. We’ve never used the vast reaches of mainstream media to fan the flames of fear and hate.
This movement is larger than a single voice, a single message – or even a single person. It is larger than you or me. The mantra, “We are the 99 percent,” attempts to speak for (almost) everyone. The movement’s largest criticism is that it cannot provide a clear, focused demand. What began as a movement about economic injustice has evolved into a movement of all sorts including police brutality, the right to peaceful assembly, opposition to budget cuts and tuition hikes, labor rights, homelessness, unemployment and even Utopian ideals for a better world.
Federal, state and local officials plan budget cuts instead of help. Human deprivation isn’t discussed in high places, only ways to grab more wealth and power. In plain sight, America’s no longer fit to live in. Neither are other Western countries, depriving the many for the few.
Table 1 includes all groups that have conducted independent spending (sometimes called “soft money” or “third party expenditures”) supporting or opposing candidates or measures. Table 2 includes all the committees primarily formed to support or oppose measures on the 2011 ballot.
Readers may be particularly interested to see which donors repeatedly showed up in the tables, as well as which donors are themselves also independent groups spending directly on election advocacy communications to the voters.
Dear Mayor Jean Quan:
The violent crackdown on peaceful, nonviolent “Occupy Oakland” protesters by your city police department is an outrage and a disgrace. As writers, authors, editors, filmmakers and artists from across the country, we believe free speech and assembly are paramount to democracy. We urge you to cease the police crackdowns immediately, and stop trampling on protesters’ First Amendment rights. As Mayor, you are ultimately responsible for the actions of your police department, and by all accounts they have behaved shamefully—attacking, beating, and tear-gassing people who were assembled peaceably in nonviolent protest. Mayor Quan, let free speech and assembly have its day, and its night, and stop your police from these terrible and entirely unnecessary attacks. The country is watching. Let the protesters speak and assemble, and end the attacks—now.
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