White House on Occupy Wall Street: `We understand’

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Source: Washington Post

White House on Occupy Wall Street: `We understand’
By Greg Sargent

I’m pretty sure this exchange at today’s briefing with Jay Carney represents the first time the White House has been asked to weigh in on the Occupy Wall Street protests — yet another sign of the movement’s astonishing growth in recent days:

QUESTION: Have the “Occupy Wall Street” protests reached a level of the President’s engaged awareness? Is he sympathizing with the protestors? Is he concerned about the protests at all?


CARNEY: I haven’t discussed it with him. I’m sure he’s aware of it because he follows the news. I would simply say that, to the extent that people are frustrated with the economic situation, we understand. And that’s why we’re so urgently trying to focus Congress’s attention on the need to take action on the economy and job creation.

And as regards Wall Street, I mean, one of the things that this President is very proud of is the consumer protections that were put into place through legislation that Republicans are now eager to try to dismantle. We think that’s a bad idea...Because these are common-sense consumer protections that would prevent the kind of abuse that credit card companies engaged in against credit card holders, that would protect against some of the actions that were taken that led to, or contributed to, the financial crisis that we saw in 2008. These were measures that the President felt were very important, and there’s a clear effort within the Congress to prevent the full implementation of legislation by holding up this nomination. We think that’s cynical and a bad idea.




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