Occupy Wall Street and tea party are one and the same
Both the Occupy Wall Street and the tea party movements are a symbol of the times. The American people are growing tired of the wealth disparity that has grown in recent years. Wall Street executives are receiving record bonuses in the post-bailout era while millions of Americans have lost their jobs, homes and a piece of the American Dream.
Despite the political differences between these two groups, both represent a growing sentiment among the American people that Washington lawmakers are leading the country to financial ruin.
The tea party movement, identified with the political right, originated with Ron Paul supporters and opposes the exponential growth of government through higher taxes, regulations and out-of-control national debt. Tea party members have crashed town hall meetings, protested in the streets of Washington and re-energized the Republican Party, leading them to major victories in the 2010 midterm elections.
The Occupy Wall Street protesters, represented by the political left, are waging their own local protests in more than 950 cities across the globe this month, according to Forbes, showing their anger toward financial institutions they feel helped create the financial crisis.
In the U.S., Occupy Wall Street has taken on a life of its own as thousands gather across the country to protest crony capitalism. In Europe, protesters are gathering in major European cities to rally against high unemployment and a reduction in entitlements due to recent austerity measures.
According to Forbes, more than 5,000 protesters in Frankfurt assembled at the headquarters of the European Central Bank, while others gathered in Hamburg and Munich.
Despite the differences in political ideologies, the two groups share a common thread - both feel there aren't many opportunities for jobs and a better way of life. People have become desperate.
With college students accumulating thousands in student loan debt, high unemployment, falling home prices and the rising cost of living, Americans are becoming angry toward a system they feel has treated them unfairly.
The Democratic Party, including President Barack Obama, has shown support for the Occupy Wall Street movement. However, it's important to note Obama received millions from Wall Street during the 2008 election, according to Business Week.
The Republican Party has gained substantial momentum from the tea party movement, but if a Republican is elected in 2012, it's unclear if the tea party will still have relevance since they may no longer be needed for the GOP's political purposes.
Whether you agree with the tea party or Occupy Wall Street, the groups have become woven together, representing the frustrations of the American people. The financial crisis doesn't seem to be going away anytime soon, so don't expect either Occupy Wall Street or the tea party to go away, either.
Frank Nuez is a senior majoring in accounting.
Get Top Stories Delivered Weekly
From Around the Web
More usforacle News Articles
Recent usforacle News Articles
Discuss This Article
MOST POPULAR USFORACLE NEWS
GET TOP STORIES DELIVERED WEEKLY
FOLLOW OUR NEWSPAPER
LATEST USFORACLE NEWS
- Students warned not to sign up for GetStudyRoom.com
- Despite losing record, Bulls sets sights on conference title
- Z Baked provides warm cookies on demand
- Addicted to Apple: a dire diagnosis for millennials
- USF partners with World Health Organization
- Speaker sees astronomy through historical lens
- Bulls aim to bounce back on homestand
FROM AROUND THE WEB
- Wondering if it's Time to Buy a New Car? Just Check Your...
- Smartphone to Become Wallet -- Are Customers, Businesses...
- Grandparents, Keep Your Meds Up and Away From Young Children
- As Insurers End Coverage for Compounded Drugs, Patients...
- 4 Tips to Start Your Day a Little Earlier
- Join the Force to Fight Lung Cancer in Women
- If You Want to Help Avoid Back Problems, Stop Slouching
- Common-Sense Strategies From a Natural Marketing Guru
- 10 Steps to Help Older Adults Prevent Slips, Trips and Falls
- Stay Cool for Next to Nothing: Power Down the AC on...
COLLEGE PRESS RELEASES
- Peace Corps Director Calls on College Students to Make a Difference After Graduation Through International Service
- USA NETWORK AND VERIZON LAUNCH THE “CHARACTERS UNITE COLLEGE TOUR” COMPETITION FOR STUDENTS TO BRING A USA NETWORK CELEBRITY AND A WORTHY CAUSE TO THEIR CAMPUS
- WHEN GEORGIA SMILED: THE ROBIN MCGRAW REVELATION FOUNDATION TEAMS WITH PIVOT AND STUDENTS OF THE WORLD TO LAUNCH THE #iASPIRE GRANT CONTEST
- Latino Groups Launch National Campaign to Deliver Record Latino Turnout for 2014 Midterm Elections
- The Power of Peer Support: Sheryl Sandberg's "Lean In" Hits Campuses