Majority Leader Eric Cantor today described the Occupy Wall Street protesters as “growing mobs,” in some of the sharpest criticism yet from a one of the highest-ranking Republican leaders in the House.
“What is the core of that protest?” Biden asked at the Washington Ideas Forum. “The core is: The bargain has been breached. The core is the American people do not think the system is fair or on the level. That is the core is what you’re seeing with Wall Street.”
At a White House news conference, President Obama said the Wall Street protest “expresses the frustrations that the American people feel.”
“We had the biggest financial crisis since the Great Depression, huge collateral damage all throughout the country, all across Main Street,” Obama said. “And yet you’re still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into this problem in the first place.”
In the three weeks since the “Occupy” protests began in lower Manhattan, they have spread beyond New York City to cities across the country.
In Washington, D.C., Los Angeles, Philadelphia, Austin, Texas, and other metro areas, protesters are demanding jobs, the investigation of Wall Street bankers involved in the financial crisis and a roll back of the 2010 Citizens United Supreme Court case that allowed corporations to donate unlimited funds to political campaigns.