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David Axelrod On Occupy Wall Street: GOP Doesn't Understand Protests, America's Anger

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DAVID AXELROD OCCUPY WALL STREET
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WASHINGTON (AP/The Huffington Post) -- A senior political adviser to President Barack Obama is charging that the Republicans seeking the presidency don't understand the American public's pent-up anger over corporate excesses.

David Axelrod tells ABC's "This Week" that the American people "want a financial system that works on the level. They want to get a fair shake."

He appeared Sunday, a day after scores of demonstrators protesting corporate business practices were arrested in New York's Times Square in a confrontation with police.

Axelrod faulted Republicans who have been pushing in Congress to soften or repeal the landmark legislation Obama pushed through last year, tightening regulation of business practices.

Axelrod said he doesn't believe "any American is impressed" when hearing GOP presidential candidates who want to "roll back Wall St. reform."

Nearly all of the major Republican presidential contenders have weighed in on the Occupy Wall Street movement. Some, such as Herman Cain and Rep. Michele Bachmann (R-Minn.), say protesters should be directing their anger at the Obama administration rather than big banks and corporations.

Appearing Sunday morning on "Fox News Sunday," House Majority Leader Eric Cantor said it was wrong to blame Wall Street for America's economic problems, and criticized political leaders who have embraced the movement.

"Where I am most concerned is we have elected leaders in this town who are frankly joining in the effort to blame others rather than focus on the policies that have brought about the current situation," he said.

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Check out the reactions of the 2012 Republican presidential candidates, President Barack Obama and Vice President Joe Biden reactions to the growing Occupy Wall Street movement:

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POLITICO Playbook - POLITICO.com

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ABC's This Week, 8/21/11: David Axelrod Talks and Talks and Talks ...

Occupy Wall Street Shows U.S. Wants a 'Fair Shake,' Axelrod Says

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