Barack Obama endorsed Occupy Wall Street could be out of money in mere weeks. As stated at Powerline, #OWS needs a bailout. Who finds it rather ironic and comical that the anti-capitalism protesters need the very thing that they rail against … money? Let this be a lesson as to why socialism does not work. According to reports posted on the group’s websitewww.nycga.net, they have only raised $1,556 in a week while spending $14,942. Welcome to economics 101.
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.