www.newsofworld.in-Anti-Wall Street protests spread across the US=The demonstrations are driven by a profound anger over unprecedented levels of social inequality as, three years after the financial meltdown on Wall Street, unemployment and declining wages persist and deepen alongside record profits and increasing wealth for the top one percent. -

With anti-Wall Street protests spreading to over 100 US cities and towns, President Barack Obama at a White House press conference Thursday cynically sought to exploit the outpouring of spontaneous anger at the banks and big business as a vehicle for his reelection bid.

On Thursday, new Occupy Wall Street protests sprang up in a number of major cities, including Philadelphia, New Orleans, Washington, Tampa, Dallas, Houston and Austin. They came on the heels of the largest demonstration so far in New York City, where an estimated 15,000 to 20,000 marched through lower Manhattan Wednesday night.

The demonstrations are driven by a profound anger over unprecedented levels of social inequality as, three years after the financial meltdown on Wall Street, unemployment and declining wages persist and deepen alongside record profits and increasing wealth for the top one percent.

The first White House reporter who asked Obama about the anti-Wall Street protests stated the obvious about the demonstrators: “They clearly don’t think that you or Republicans have done enough, that you’re in fact part of the problem.”

Obama responded that he had “heard about” the protest movement and “seen it on TV.” He went on to acknowledge that “people are frustrated, and the protestors are giving voice to a more broad-based frustration about how our financial system works.” More

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Anti-Wall Street protests spread across the US

By Bill Van Auken 7 October 2011

By Bill Van Auken
7 October 2011