Occupy’s Return From Hibernation

February 25th, 2012

(AmericanProspect) – As winter fades, the Occupy Wall Street movement is heating up again. But don’t expect the same focus on physical encampments and rowdy protests. While the blood of the 99 percent is still boiling at the injustice of growing inequality, in organizing meetings and workgroups, cooler heads are prevailing. This is Occupy 2.0—the mainstreaming of momentum.

From my conversations with Occupy organizers and supporters, my sense is that the main thrust of organizing energy and attention will go toward Occupy Our Homes— a coalition of Occupy activists joining with existing grassroots groups to support families that are facing foreclosure or have been evicted by big banks. Prioritizing Occupy Our Homes is great choice for two reasons.

First, the foreclosure crisis is immense and growing. Despite the recent mortgage settlement with state attorneys general that will grant 750,000 foreclosed-upon families a whopping $2,000 each (!), 4.2 million families have already been foreclosed upon during the economic crisis. The industry site RealtyTrac estimates that number will skyrocket to 10 million in 2012. Besides literally pulling the rug out of millions of American families at the worst possible moment, according to the Federal Reserve, high rates of foreclosed properties drive down home prices and values, hurting all homeowners and the economy as a whole. There may be no more powerful illustration of the abuses of the 1 percent than the taxpayer-bailed-out big banks foreclosing on struggling families and driving down the economy for the entire 99 percent.

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