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Why Obama Should Stand By the Wall Street Protesters

Posted: 10/12/11 07:04 PM ET

For many days the media ignored the Occupy Wall Street movement, but they finally had to give in and report on it. The excessive actions of the NYPD helped put the movement on the map, and then, as the demonstrations spreading to other cities across America, the anger and frustration of our citizens was plain to see. Unfocused, yes, but it was obviously a discontent that could not be ignored and spoke to a large segment of Americans. I'm too old to paint my face, but I can identify with the protesters.

Last week, talking with French documentary filmmakers who want to make a film comparing FDR's New Deal and President Obama's response to the current Great Recession, I moaned that our president would probably still ignore the Occupy Wall Street protesters (in spite of pictures of stock traders leaning over the stock exchange's balcony raising glasses of champagne to mock them in the street below).

Surely he would be advised to be cautious and to remain silent, I thought. It would be judged as far too risky politically -- the Republicans would jump all over him for encouraging "class warfare." I can imagine the intense conversations among the president's staff, as usual, weighing all the options. A few of them would see in this a golden opportunity for magnifying the plight of the nation caused by the Republican leaders' intransigence and their blinkered focus on the 2012 presidential elections. Add to that their support of the financial community's refusal to participate with the rest of us in the general fall-out from the recession (as a retired person it, cut my modest income by 25 percent). But the majority would advise the president not to speak.

And then, to my great surprise, he did it!

President Obama commented on the movement, stating that:

"It expresses the frustrations that the American people feel that we had the biggest financial crisis since the great depression, huge collateral damage all across the country, all across main street. Yet, you're still seeing the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into this mess in the first place...The protesters are giving voice to a more broad-based frustration about how our financial system works."

His statement did not take full advantage of the opportunity offered to candidate Obama. It is, typically, measured, and subsequently the White House did backtrack a bit. And the Republican response -- immediately condemning it as encouraging "class warfare" -- undoubtedly confirmed the fears of the administration's cautious advisers ("we told you so, Mr. President!"). They refuse to see that the Republican leaders' response provides even more ammunition for Obama to use when seeking re-election.

The number two Republican in the House, Eric Cantor, did attack the Occupy Wall Street movement, and then referred to Obama, saying:


"This administration's failed policies have resulted in an assault on many of our nation's bedrock principles. If you read the newspapers today, I, for one, am increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country. And believe it or not, some in this town, have actually condoned the pitting of Americans against Americans."

Cantor isn't the only one railing against the demonstrations. Republican presidential candidate Mitt Romney has accused them of "class warfare" and of being "dangerous," and his rival of the moment, Herman Cain, dismissed them, 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." At least he's plain about his attitude!

The chairman of the Homeland Security Committee, Rep. Peter King, blasted the media for providing "fair coverage" for the Occupy Wall Street protests. "They have no sense of purpose other than a basically anti-American tone," he said. King also explained that he is "old enough to remember what happened in the 1960s when the left-wing took to the streets and somehow the media glorified them and it ended up shaping policy." He added, "We can't allow that to happen."

Well, to date, no "Danny the Red" has leapt atop the barricades, as he did in 1968 in Paris, to lead the demonstrators.

New York's Mayor Michael Bloomberg, a political Independent, was more practical, but equally callous. He told theNew York Post of the protesters: "What they're trying to do is take the jobs away from people working in this city...They're trying to take away the tax base we have because none of this is good for tourism."

The Democratic leader in the House of Representatives, Nancy Pelosi, has perhaps seen the political light and the potential of the protests across the nation. "I support the message to the establishment, whether it's Wall Street or the political establishment and the rest, that change has to happen," said Pelosi. "We cannot continue in a way that is not relevant to their lives."

Our vice president, Joe Biden, has made perhaps the keenest public observation, commenting that the Tea Party and the Occupy Wall Street protesters had "a lot in common." In both cases, Biden noted, "people were rebelling against what they perceive as unfair collusion between the government and Wall Street."

Two years ago, I made speeches urging President Obama to address directly the gut-level dissatisfaction of those drawn to the amorphous "tea party" gatherings, before they had been co-opted into the Republican Party apparatus. Audiences responded well, but the White House wouldn't touch it.

The president has acknowledged the relevance of the discontent that protesters have expressed in New York, Los Angeles, Washington, Boston, and other cities. How will he follow up? They are demonstrating for us. Some political pundits have seen the light. Jonathan Alter, writing for Bloomberg, thinks that maybe "it's the beginning of something consequential." Krugman and Reich both agree in their columns this week.

Franklin Roosevelt usually fitted together in a pragmatic way what was morally right and politically useful. Can Barack Obama do the same? He can see beyond the action of marching in the streets and the limitations of shouting slogans. He can appreciate the timeliness of this action, this blast against the power of the financial world. And he knows how it could work for him. By showing more support for what the demonstrations represent he would not only be doing the right thing but also improving his chances for re-election.

But will he? I like to hope and dream that he will. But my more realistic friends are likely to smile indulgently and comment, "Dream on, old man."

 
For many days the media ignored the Occupy Wall Street movement, but they finally had to give in and report on it. The excessive actions of the NYPD helped put the movement on the map, and then, as th...
For many days the media ignored the Occupy Wall Street movement, but they finally had to give in and report on it. The excessive actions of the NYPD helped put the movement on the map, and then, as th...
 
 
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batguano
As Long As Grass Grow, Wind Blow & The Sky Is Blue
07:44 PM on 10/13/2011
Tomorrow the NYPD under mayor Bloomberg’s direction will try to evict OWS from the park at 7AM; the excuse? "the park needs to be cleaned". Really Wall St is sending their goon-squads to try to squash the movement and growing awareness of their greed and obscene profits while America struggles!

Please add your voice to tell Bloomberg that this is not in his, NYC's, or the nation’s best interest; tell him to work WITH the people of OWS, not to evict them under a pretext.

Help defend OWS, defend your First Amendment rights, sign the emergency petitions!

The whole world IS watching!

http://www.civic.moveon.org/defend_ows/?id=31974-5627309-qDJA3fx&t=2

http://act.boldprogressives.org/sign/petition_defend_ows/?akid=5496.191951.OrBqpD&rd=1&source=e1-wall-fin&t=1
03:06 PM on 10/13/2011
The strategy from Limbaugh now is to accuse the wall street protests as being engineered and paid for by Obama. But it was the Tea Party that was fully engineered and paid for by the billionaire Koch Brothers. TV networks, like Fox News, collaborated presenting the events as being far larger and more spontaneous than they were. It was all organized by the financial elite. And what do the rich tell their Tea Party supporters? That they should never try to organize through the government-- that the government is to blame for everything.

We have the right to build a society that works for us. Corporations have no right to interfere and try to undermine the public interest so that they can profit off of public needs. In order to control and profit off of public needs, you need a big fascist corporate controlled government with a large military and police force to keep the public obedient and submissive, and not a socialist democratic government controlled by an informed and empowered public. So when Republicans talk disparagingly against big government, they are making people think they are against things they are actually dependent upon; they are laughing at them while they convince them to undermine their own interests.

In Orwell's 1984, a necessary component to Big Brother's dominance over the public was the doctrine of doublethink. Doublethink meant that "war is peace" and "ignorance is strength." Indeed, these are practically the slogans of the Right!
02:48 PM on 10/13/2011
seems like he's not real popular down there...
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mkdewboohoohoo
02:03 PM on 10/13/2011
The president will not stand with them because he is not on their side. He is on Wall Street's side, not the middle class'. He just signed another free trade agreement sending more jobs overseas, why on earth would he stand with them?
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worldlyhick
09:08 PM on 10/13/2011
You are right. Thank you.
01:28 PM on 10/13/2011
The president is cherry picking through the dis-content.
I'm upset that none of the perpetrators who caused this economic disaster and then extorted their own bail-out got jutice.
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parlimentMike
Don't settle for less evil, demand good
12:49 PM on 10/13/2011
With Obama one must choose to believe ones Eyes or Ears. The Ears are the deceivers.
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lgillooly
12:32 PM on 10/13/2011
I agree. Obama needs to stand strong and with the OWS. The real class warfare has been going on since Reagan and it has been against the middle and working class. It is time to fight back and take back our Government. While talk radio and Fox tell their listeners how bad the government is, the big undustries and lobbyists have taken it over. We need the government to be of, by and for us again.
JEP57
To the right of Genghis Khan
12:24 PM on 10/13/2011
Maybe Obama doesn't want to throw in with the protesters because he sees what a lot of Americans are now seeing. That a good portion of the occupiers are loafers who don't work or go to school and don't seem interested in finding work (since it should be a full time job looking for work). They're just getting their kicks being part of a cool movement against "the Man". And no one in their right mind would enact the demands they're asking for. Sorry, pay your loans back like the rest of us.
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11:54 AM on 10/13/2011
Yet, you're still seeing the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into this mess in the first place
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The President should have explained what he is referring to in that statement. Wall Street, backed by Republicans are refusing to abide by the laws of regulations set forth, in Financial Regulation Reform/Frank/Dodd. After having made in clear that they would never accept Warren, they are now refusing to even accept taking a vote on Richard Cordray to head the Bureau. Perfectly clear - WS, backed by Republicans are in favor of one thing only - to destroy the Bureau. In the last Republican Debate - notice Newt, directly attacking Dodd and Frank, stating they should be in jail. Republicans oppose all regulations and restrictions for Wall Street. KNOW THY ENEMY!!
11:43 AM on 10/13/2011
The problem here is that Barak Obama is no FDR. One thing that every successful politician needs to know is when to get on the train. Franklin D. Roosevelt knew when to get on the anti-prohibition train even though it might, but didn't, cost him the southern vote. Barak Obama either sees no train, is afraid of the train, is too lazy to get on the train or even worse thinks its the wrong train. But the end result is that rather than committing, he'll give a speech full of meaningless platitudes.He may not lose the next election, but it will be only because the Republicans have no one to offer the American people of any greater ability.
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JimR
06:10 PM on 10/13/2011
Barack Obama is no FDR, these times are not FDR's times, conditions are different than the conditions FDR faced, the media landscape is not the media landscape FDR had... basically the whole thing is a meaningless, time-wasting exercise.

Tomorrow: Why Barack Obama is no Millard Fillmore!
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wrabbitt
Soylent Green IS People.
10:51 AM on 10/13/2011
We are standing behind him, he should stand with us.
10:40 AM on 10/13/2011
Eric Cantor's comments are STUNNING in their hypocrisy.
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11:46 AM on 10/13/2011
As Lawrence O'Donnell pointed out when he ran that clip on his show, "this is a man who makes his living dividing Americans."
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SMK1414
just another community organizer
07:48 PM on 10/13/2011
He seems to really enjoy this role - the grin and snarl simultaneously is telling,.
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den1953
The best politicians are for free!
10:36 AM on 10/13/2011
I believe the President has already taken a stand with the Protesters he brought forth a jobs bill, regulations for Wall Street, and a health care law that helps Americans that can't afford health care, i believe the President has done what he could for the working man. The only thing he can't do is prevent the republican party from turning their backs on the middle class and poor, just to make their wealthy special interest have a better live then most Americans!
10:06 AM on 10/13/2011
He can't really credibly do that since he is on the other side, but he talk the talk if he sees some political advantage in doing so.
That is all he ever does.
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Bailey Reynolds
Gulf War vet, Recovering Republican
10:04 AM on 10/13/2011
Thank you for speaking out, Curtis!