—FOR IMMEDIATE RELEASE—
JAMAICA, New York (November 02, 2011) – The Islamic Circle of North America (ICNA) issued a press release today in support of Occupy Wall Street protesters.
“Real progress and development of a country depends on prosperity of society as a whole, not just that of a selected portion of society. Yet the income gap between the rich and the poor continues to grow, and uneconomic recovery across the country has been uneven and unstable at best. Corporations are ruthlessly cutting jobs, leaving 10% of the entire population unemployed while Wall Street enjoys huge bonuses.
A report this past week by the Congressional Budget Office found that the average after-tax income for the top 1 percent of U.S. households had increased by 275 percent over the past three decades. Middle-income households saw just a 40 percent rise. For those at the bottom of the economic scale, the jump was 18 percent.
Despite government aid during the credit crisis, banks have been indifferent to the suffering of distressed homeowners and have made it extremely difficult to refinance homes. They have also restricted credit to small and mid-size businesses, essentially forcing them to close. Any attempt to improve the situation has been shot down by the Wall Street sponsored lobby.
ICNA sympathizes with the message of Occupy Wall Street protesters and supports their cause. These protesters are raising legitimate concerns regarding income disparity, unemployment and the state of our economy that cannot be ignored. As American Muslims we stand in solidarity with them across the country.”
The Islamic Circle of North America (ICNA) will go virtual for the second year in a row, as it hosts its annual National Symposium, scheduled for...