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Obama chides banks, taps anger over Wall Street

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The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-06-11 05:52 PM
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Obama chides banks, taps anger over Wall Street
(Reuters) - President Barack Obama launched an onslaught against banks and Republicans on Thursday for working to block financial reform, using a populist tone amid public anger over Wall Street practices.

Obama, a Democrat who is fighting for re-election in 2012 against a backdrop of high unemployment, said his Republican opponents' primary plan to boost the economy involved rolling back Wall Street regulation his administration fought to pass.

The president also pressed Congress to approve his $447 billion jobs package and said he was "comfortable with" a proposal by fellow Democrats to pay for the plan with a tax on millionaires. John Boehner, the Republican speaker of the House of Representatives, accused Obama of political campaigning.

Obama spoke at a White House news conference after thousands of anti-Wall Street demonstrators protested at New York's financial district and in several U.S. cities this week over economic inequality and financial institutions' power.

Read more: http://www.reuters.com/article/2011/10/06/us-obama-idUSN1E7950UK20111006
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-06-11 06:14 PM
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1. Taps?
For real? Or is this some Larry Craig type foot-tapping?
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Davis_X_Machina Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-06-11 06:18 PM
Response to Original message
2. He doesn't mean it...
...though. You can tell.
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