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Occupy Wall Street: Obama Voices Support – “It Expresses American Frustrations”

by David Badash on October 6, 2011

in News,Politics

Post image for Occupy Wall Street: Obama Voices Support – “It Expresses American Frustrations”

President Obama voiced support for the Occupy Wall Street Movement today at a press conference focused on getting Congress to pass his jobs bill. Vice President Biden today also expressed similar support at the Atlantic’s Washington Ideas Forum this morning.

Think Progress writes:

“The core of the bargain has been breached with the American people,” Biden said at the Atlantic’s Washington Ideas Forum this morning. Obama, asked about the movement at his press conference, said he thinks “it expresses the frustrations the American people feel” that “the same folks who acted irresponsibly [are] trying to fight efforts to crack down on abusive practices that got us into this problem in the first place. So yes, I think people are frustrated and the protesters are giving voice to a more broad-based frustration about how our financial system works.”

NBC News added,

But Obama, taking questions at the White House after making a push for the American Jobs Acts, said the U.S. has to have have a strong and effective financial sector for the economy to grow. He said the financial regulation bill he championed is designed to make sure there is tougher oversight of the financial industry.

“The American people understand that not everybody’s been following the rules, that Wall Street is an example of that,” he said.

Obama predicted the anger would likely “express itself politically in 2012 and beyond.”

The Occupy Wall Street protests started Sept. 17 with a few dozen demonstrators who tried to pitch tents in front of the New York Stock Exchange. Since then, hundreds have set up camp nearby in Zuccotti Park and have become increasingly organized, lining up medical aid and legal help and printing their own newspaper.

The protesters have varied causes but have spoken largely about unemployment and economic inequality, reserving most of their criticism for Wall Street. “We are the 99 percent,” they chant, contrasting themselves with the wealthiest 1 percent of Americans.

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{ 4 comments }

TrueConserve October 13, 2011 at 9:52 pm

Obama isn't worth commenting about but his socialistic actions are.

Hand in your resignation because you have overstepped the constituition too many times and I have the feeling you are somehow part of this brat convention. A real president would have done things so much better that only your actions are commentable since you are only able to put down others who are superior to you it makes you a pityful sight that you can't come up with anything positive to turn this country around so you stoop to levels so low that I and many others have taken action to send the word out about who you are tied to who you are friends with, how you (maybe I will say do not like this country) if it bothers you so much I am sure there are countries out there that would love to have you as their high and mighty.

David Badash October 13, 2011 at 10:12 pm

Um, this isn't the White House. If you want to leave a message for the President, why don't you go to whitehouse.gov ?

TrueConserve October 13, 2011 at 9:54 pm

I am glad I saved that because only liberal crap sites like this can't let these nasty emails get out since it might effect the 1% that kiss the behind of the leftists for your own pleasures of course.

David Badash October 13, 2011 at 10:13 pm

Consider this a warning. The next nasty comment gets you banned.

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