Vice President Joe Biden said Thursday that the ongoing “Occupy Wall Street” demonstration in Manhattan and other cities was similar to the tea party movement.
“What is the core of that protest, and why is it increasing in terms of the people it’s attracting?” he said at the third annual Washington Ideas Forum at the Newseum in Washington, D.C. “The core is the bargain has been breached with the American people. The American people do not think the system is fair or on the level.”
“There’s a lot in common with the tea party,” Biden continued. “The tea party started why? TARP. They thought it was unfair, we were bailing out the big guys.”
Although some of the “Occupy Wall Street” protesters are upset with the Troubled Asset Relief Program (TARP) — the Bush administration’s $700 billion response to the mortgage crisis — they have also cited a number of other grievances.
Those grievances include efforts to eliminate union rights, discrimination in the workplace, student debt, corporate personhood, and the undemocratic influence of big business on economic policymaking.
Watch video, courtesy of The Atlantic, below:
[H/T: The Ticket]