Saturday, November 19, 2011

OWS and Tea Party

According to the Washington Post:

"President Obama has called people who work on Wall St. 'fat-cat bankers,' and his reelection campaign has sought to harness public frustration with Wall St.. Financial executives retort that the President's pursuit of financial regulations is 'holding us back.' But both sides face an inconvenient fact: During Obama's tenure, Wall St. has roared back, even as the broader economy has struggled Wall St. firms - independant and the securities-trading arms of banks - are doing even better. The earned more in the first 2 1/2 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show."

I hope that somewhere between the OWS and the Tea Party we can agree that Wall St. can't be to blame without the help of the Legislative, Executive, and Judicial branches of our government. Both sides need to occupy Congress, the Federal Reserves and the White House.

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