Obama Compares 'Occupy' to Tea Party

Exclusive: President says "frustrations" of both groups aren't "that different."
1:49 | 10/18/11

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Transcript for Obama Compares 'Occupy' to Tea Party
Some of the frustration is has come out in this occupy Wall Street protests. You expressed sympathy. With their position their feeling of powerlessness. How -- -- as president of the United States. Channel. And energy and -- that is aimed at you in some ways aimed at Washington. 00 what I've said is is that I understand the frustrations. That are being expressed in those protests in subways they're not that different. From some of the protests. That we saw. Coming from the Tea Party. -- both on the left and the right I think people feel. Separated from their government they feel that their institutions aren't looking out for them. And the most important thing we can do right now. Is those of us and leadership. Letting people know that. We understand their struggles that we are on their side. And that we want -- set up a system in which hard work responsibility. -- -- what you're supposed to do is reward and that people who are irresponsible who are reckless. Who don't. Feel a sense of obligation. To their communities and to their companies and for workers. Those folks are rewarded. And you know I think that word that critical moment in this country where. If we can regain some of the values that help build this country that people I think long -- Where they feel that everybody gets a fair shake but we're also ask him a fair share from everybody if we can go back to that them. I think a lot of that anger and frustration to us.

This transcript has been automatically generated and may not be 100% accurate.

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