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Should Obama Endorse Occupy Wall Street?

An Obama adviser puts GOP 2012 candidates at odds with protestors

October 17, 2011 RSS Feed Print

Monday marks the one-month anniversary of the inception of Occupy Wall Street and the movement has only accelerated. Protesters in New York surged into Time Square this weekend and similar "Occupy" demonstrations have sprouted in cities across the United States and worldwide. In addition to increasing its man power, Occupy Wall Street has raised a reported $300,000, much of it collected  by passing a milk jug around Zuccotti Park. It has also established more political clout: a potential showdown between street cleaners and the demonstrators camped out there was averted when park owners Brookfield Properties agreed to postpone a cleaning last Friday.

[See photos of the Occupy Wall Street protests]

If the Occupy movement continues to grow in the coming months, it will play a role in the 2012 election. GOP presidential candidate Herman Cain has been one of the most outspoken critics of the movement, saying, "Don't blame Wall Street, don't blame the big banks, if you don't have a job and you're not rich, blame yourself. It is not someone's fault if they succeeded; it is someone's fault if they failed.” He also told the Wall Street Journal he thought Obama administration had “orchestrated” the movement. Other GOP candidates including former Speaker of the House Newt Gingrich and former Massachusetts Gov. Mitt Romney have also dismissed the protests, arguing that President Obama, not Wall Street, was to blame for current economic problems.

Obama himself has only discussed the movement vaguely, saying at a press conference that it reflects “broad-based frustration about how our financial system works," and then defending the legislation he has enacted to regulate Wall Street.  Pollster John Zogby told Washington Whispers he thought Obama should keep his distance from Occupy Wall Street and that he “should realize it is in part a repudiation of him, and that he can't count on these angry voters' support a year from now.” However, when asked about Occupy Wall Street, senior Obama adviser David Axelrod told This Week on Sunday, "Obviously I don't think any American is impressed when they see Governor Romney and all the Republican candidates say the first thing they'd do is roll back Wall Street reforms, and go back to where we were before the crisis, and let Wall Street write its own rules," thus pitting Obama’s rivals against the protesters.

What do you think? Should Obama endorse Occupy Wall Street? Take the poll and comment below

Should Obama endorse Occupy Wall Street?

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Previously: Should Rick Perry Disavow the Pastor Who Called Mormonism A Cult?

Tags:
Wall Street,
Herman Cain,
Obama administration

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The Occupy movement doesn't care what Obama does. He is a puppet of the banks and his endorsement would be seen just as his jobs act is: a pathetic, unbelievable campaign ploy.

Bill Michtom of OR 1:08AM November 04, 2011

If he thinks that the OWS represents the Democratic party, and since he is the so called leader of the party, then yes by all means endorse them, but if he thinks that the OWS is misguided then no. It is his call and time to show the country and the world what he and the Democratic Party stand for.

I for one find the OWS folks to be disgusting and completely misguided and Un- American. I am certain that Truman and Kennedy are turning in their grave at what the Democratic Party has turned into. I knew this years ago and that is why I stopped voting for any democrat, no matter the office.

Larry of CA 4:40PM October 17, 2011

Before Obama endorses OWS he needs to make the case on his own. His acceptance of Wall Street money for the last election and perhaps his appetite for more this time around has made him reluctant until recently to focus on the genuine economic problems facing the country.

Obama should explain that the balance between supply capacity and demand becomes greatly upset when there are huge disparities in wealth and income. It happened in 1929 and 2007. Very little has been done to correct the balance so there will continue to be insufficient demand to employ our workforce. Wall Street has been little more than a huge vacuum sucking up cash while providing nothing more than inventive ways to gamble. The fact that they were able to gamble with depositors' money in a rigged game made it worse.

Unless Obama is willing to speak out against the most powerful institution in the country, he might as well sit this out. If he summons up the courage, he should, by all means, endorse OWS.

Steve of FL 3:38PM October 17, 2011

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