Widespread Frustration, Predicts 2012 Effects
NBC NY - President Barack Obama said the growing protest movement against Wall Street, which has been spreading across the nation from its origin in Lower Manhattan, is voicing the American public's widespread frustration about the country's financial system.
"I think it expresses the frustrations that the American people feel," he said Thursday. "People are frustrated and the protesters are giving voice to a more broad-based frustration about how our financial system works."
Obama, taking questions at the White House after making a push for the American Jobs Act, said the U.S. has to 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.
"That's going to express itself politically in 2012 and beyond," he added.
Obama said protesters -- and many other Americans -- are upset about what they see as "two sets of rules" for regular Americans on Main Street and financial institutions that he characterized as "trying to fight efforts to crack down on abusive practices that got us into this problem in the first place."
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. - Keep reading...
Blog author's comments - Obama cannot run on his record or his agenda. He will play the 'Class Warfare' game to appeal to the non-thinkers of our society with hope that with the help of the MSM this will gain him a second term in office to finish the job of wreaking the country.
To echo what Herman Cain said about the Occupy Wall Street protesters: If you're not rich "blame yourself."
The Democratic strategists are now trying to show that President Obama and his party are taking steps to solve the problem while Republicans are standing in the way. The Democratic National Committee is starting what a spokesman called a coordinated attack with the Obama re-election campaign and state parties designed to link Republican presidential candidates to Wall Street.
The list of demands below - by the Occupy Wall Street protesters is of course ludacris. But, there are many in our society who would agree with them. Any other President who has done what Obama has, would be gone after one term. Yet, he still has many followers and their ranks seem to grow.
List of 13 demands by the Occupy Wall Street protesters:
Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.
Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.
Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America’s nuclear power plants.
Demand eight: Racial and gender equal rights amendment.
Demand nine: Open borders migration. anyone can travel anywhere to work and live.
Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.
Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the “Books.” World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the “Books.” And I don’t mean debt that is in default, I mean all debt on the entire planet period.
Demand twelve: Outlaw all credit reporting agencies.
Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.
A $20 minimum wage, open borders and a free college education for everyone? Sounds to me like something Obama would agree with.
HT: US News
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