Wall Street

There have been many public protests against Wall Street and the heat is on for the republicans to start addressing this issue. Since this is becoming such a big issue this could very well mold the outcome in November. Occupy Wall Street has been around but is getting more and more popular now in America and Europe. It has been Bringing about more protest and causing more attention which is attracting more participants. It is becoming clear that this is a matter which needs to be addressed and the republicans have to be careful when they do address it.
President Obama has sympathized and has jumped to the needs of the supporters. With their cries of frustration and demand for the wealthy to pay more taxes the democrats are trying to level with them. It is being questioned on whether this all a part of the democrats’ plan or if the democrats are fueling up the protestors to ask for more taxes on the wealthy. Wall Street is the largest financial base in the world and although it does have its flaws some people believe that they should still preserve all of its strength and success.
Not too long after taking office did Obama make a comment to the Bankers saying that he was the only thing in the middle or them and the people with the “pitch forks”. But recently it looks like Obama himself may have grabbed a “pitch fork”. Not sure of the consequence or benefit that may come out of this for the election, but apparently Obama believes that it will help them in 2012.
But as for the republicans, we are waiting to hear what they have to say in response to all of this. Some hope and believe that the protestors would quite down and stop because they don’t have a real reason or organized agenda to continue with this. A big issue that they have raised that will be hard to ignore even if they stop protesting is the gap between the 1% and the 99%. This problem has been raised a long time ago when the big recession had first started.
As of now many Americans feel angry and hopeless with the thought that their children will be worse off than they are. A time magazine poll shows that 54% to 23% approve of the Wall Street protest. And opinion about the tea party is now 33% negative and 27% positive.
Newt Gingwich expressed his sympathy towards the protestors, who are truly suffering. Other republicans have failed to do such and seem to maybe believe that this gap and those suffering isn’t a big deal. In reality no republican is going to want to raise the taxes on the rich but they would like to raise it on everyone else. Like Reagan and Clinton were able to help close the gap by helping to raise the income of people willing to work small wages. Every American wants to live in America being able to achieve the most that they come and have opportunities. So as much as this is an economic issue it also falls into a moral issue.