White House throws weight behind Occupy Wall Street protestors
Washington, D.C., United States (AHN) – The White House on Monday gave a boost to Occupy Wall Street protestors as President Barack Obama embarked on his bus tour of North Carolina and Virginia.
Addressing a friendly gathering in Asheville, N.C., at the first stop of his trip, President Obama lambasted the Republicans for defeating his jobs plan and then presenting a sketchy plan of their own,
Drawing boos in support of his point, President Obama explained that the Republicans’ plan, “turns out the Republican plan boils down to a few basic ideas: They want to gut regulations; they want to let Wall Street do whatever it wants.”
Further along the tour, President Obama is expected to express solidarity with Occupy Wall Street protestors as he has earlier accepted their cause as identifying Americans’ economic frustrations.
Addressing journalists en route to N.C., White House press secretary Jay Carney said abroad Air Force One that Occupy Wall Street protestors are reflecting the fight the president has launched.
Asking journalists to pay attention to words of President Obama, Carney said, “President has expressed, an understanding of the frustration that the demonstrations manifest and represent.”
Linking the two, Carney explained: “There is a link between two things: One, the frustrations that regular folks — middle-class Americans feel about the state of the economy, the need for growth to improve, and certainly the need for job creation to improve.”
“There is a related frustration that a lot of Americans feel about the idea that Wall Street in the past played by different rules than mainstream, and now we have a situation where — and yet was, for good reasons, was assisted by the federal government to prevent the financial sector from collapsing,” added Carney.
Highlighting the Republican efforts to nullify the reforms pushed by the Obama Administrations, Carney said, There is frustration now I believe with the efforts by some to roll back the protections the President fought so hard to put into place through the Wall Street reform act that was passed and signed into law.”
Carney said that American public did not support the idea of rolling “back Wall Street reforms and we need to adopt the kind of economic policies that led to the worst recession since the Great Depression.”
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