Corporate greed day of reckoning at hand

The occupation of Wall Street demonstrations are continuing to expand and spread throughout the country and beyond our national borders. They appear to have legs, strong legs. It could become the biggest political story of the year.

It is tapping into the frustration and anger of millions. They feel they are the 99 percent who are economically controlled by the 1 percent. The scoundrels who triggered this bubble walked from the devastation they caused. No one has gone to prison. The big financial banks on Wall Street made billions on subprime mortgages. They gambled their money on them. They had to be bailed out by the taxpayer — us. Then they turn around and pay themselves huge bonuses while people, millions, are abandoning their homes.

Jobs have been shipped overseas by the millions. There are none to be had here. The number of the poor below the poverty line is growing leaps and bounds — 46 million. Many citizens have no health insurance. Can you imagine the agony of a father who can’t feed his family?

401(k)s have been reduced by 20 percent to 30 percent. It’s forcing some people to use their retirement funds to buy bread for today. How easy to lose hope and feel deep anger and frustration.

It is time for change, huge change, and it will come very soon. The wealthy will be asked to pay a more fair share of taxes. The common good of all citizens needs to be recognized as well as the needs of corporations.

Greed by corporations seeking profits exclusively beyond all else, has to be controlled with firm oversight and only the government can do it. They can do much good as long as they become a part of a country in which all pay a fair share of taxes.

Tom Power

Wheaton