Friday 7 October 2011

Wall Street protesters disgusted with both parties

NEW YORK -- Although their main concern is Wall Street practices and economic inequality, some demonstrators in New York and across the U.S. say politicians from both major parties are to blame for policies they say protect corporate America at the expense of the country's middle class.
"At this point I don't see any difference between George Bush and (Barack) Obama. The middle class is a lot worse than when Obama was elected," said John Penley, an unemployed legal worker from Brooklyn.
The Occupy Wall Street movement, which began last month with a small number of young people pitching a tent in front of the New York Stock Exchange, has expanded nationally and drawn a wide variety of activists, including retirees, union members and laid-off workers. As new groups continue to organize, demonstrators Thursday marched in Philadelphia, Salt Lake City, Los Angeles and Anchorage, Alaska, carrying signs with slogans such as "Get money out of politics" and "I can't afford a lobbyist."
The protests are in some ways the liberal flip side of the tea party movement, which was launched in 2009 in a populist reaction against the bank and auto bailouts and the $787 billion economic stimulus plan.
But while tea party activists eventually became a crucial part of the Republican coalition, the Occupy Wall Street protesters are cutting President Barack Obama little slack. They say Obama failed to crack down on the banks after the 2008 mortgage meltdown and financial crisis.
"He could have taken a much more populist, aggressive stance at the beginning against Wall Street bonuses, and exacting certain change from bailing out the banks," said Michael Kazin, a Georgetown University history professor and author of "American Dreamers," a history of the left. "But ultimately, the economy has not gotten much better, and that's underscored the frustration on both the right and the left."
source: www.forbes.com

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