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Monday, March 12, 2012

Occupy Wall Street Movement Out of Cash Lacks Direction and Has Lost Momentum, Occupy Movement Heading to the Dumpster.


The recent Occupy Sarasota protest on Saturday March 10th is a perfect example of how the Occupy movement lacks direction and specific demands and has lost momentum as only five protesters showed up, see photo above.


NY POST...Occupy Wall Street isn’t occupying very much cash at the moment. A recent OWS finance report revealed that the “people-powered movement” has about $45,000 left in its main account, and that weekly donations have plummeted to $1,600.Another $90,000 remains in a separate account to bail protesters out of jail. The group’s Web site says it will be out of money in three weeks, see link CLICK HERE.




NEW YORK, March 9 (Reuters) - New York's Occupy Wall Street group is warning it could run out of money by the end of the month, raising questions about the future of the movement that sparked nationwide protests against economic injustice last year. Donations to the group have slowed six months after it set up camp in a park near Wall Street, igniting the Occupy movement across the United States.

A report by Occupy Wall Street's accounting group for the week ended March 2 showed it had $44,828 in a general fund in addition to $90,000 set aside to bail protesters out of jail during planned "American Spring" protests. The report said, "At our current rate of expenditure, we will be out of money in THREE WEEKS."

The report - posted on the group's website http://www.nycga.net/  - showed $1,556 had been raised that week, while $14,942 had been spent on the group's kitchen, street medics, New York bus and subway passes, and printing costs. The latest donation total constrasted sharply with the estimated $500,000 the group raised within weeks of setting up camp at Zuccotti Park on Sept. 17, 2011.

Since Occupy Wall Street began, it has received more than $730,000 in donations, according to the accounting group. It has a fiscal sponsor, the Tucson-based Alliance for Global Justice, which allows donations to be tax exempt. Critics say the Occupy movement lacks direction and specific demands and has lost momentum. Occupy protest crowds in New York and other U.S. cities have tended to number only in the hundreds, despite the group's social media savvy, see link CLICK HERE.



Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at
www.wbipi.com