Occupy Wall Street: Meaningful Movement or Waste of Time?

The Occupy Wall Street protests in New York are gaining momentum this week as word spreads through the media about the rallies. 

News this week is labor unions have endorsed the rallies and will join protestors' "street theater" in NYC's famed financial district. Meanwhile, groups around the country are following the New York organizers' lead and planning their own rallies, including in Milwaukee, Madison and Appleton. 

The movement, known online by its Twitter hashtag #occupywallstreet, is an amalgamation of social issues ranging from income disparity between the middle class and ultra wealthy to police brutality and the lack of affordable health care.

The Washington Post's Ezra Klein has a great summary of the "Occupy Wall Street" movement, including some suggestion that it could grow into the liberal equivolent of the Tea Party. 

The movement is taking heat. More than 1,000 protestors have been arrested and organizers themselves are struggling to come up with a clear messsage about what they stand for. 

Fox News commentators ventured into the protests and came away unimpressed with the movmement, but surprised by a kind reception from the protestors. 

Jesse Watters, from the O'Reilly Factor, summed up Occupy Wall Street saying: "if you put every single left-wing cause into a blender, this is the sludge you’d get."