Biden on Occupy Wall Street: "There's a Lot in Common With the Tea Party"

Reporting on Politics and Policy.
Oct. 6 2011 10:43 AM

Biden on Occupy Wall Street: "There's a Lot in Common With the Tea Party"

124653037
ARLINGTON, VA - SEPTEMBER 11: Vice President Joseph R. Biden arrives for a memorial service at the Pentagon September 11, 2011 in Arlington, Virginia. Secretary of Defense Leon E. Panetta, Chairman of the Joint Chiefs of Staff Navy Admiral Mike Mullen and others will attend the service at the Pentagon Memorial to commemorate the 10th anniversary the September 11, 2001 terrorist attacks on the United States. (Photo by Brendan Smialowski/Getty Images)

Photo by Brendan Smialowski/Getty Images

In an interview at the Ideas Forum, David Gregory asked Joe Biden question that got the crowd tittering: "Do you stand in solidarity" with the Occupy Wall Street protests?

"Look," said Biden, talking over the "ooohs" and murmurs, "that's a really fair question. Let's be honest with one another. What is the core of that protest? The core is: The bargain has been breached. The core is, the American people do not think the system is fair, or on the level. That is the core is what you're seeing with Wall Street. Look, there's a lot in common with the Tea Party. The Tea Party started, why? TARP. They thought it was unfair."

Advertisement

Biden continued on, trying to suss out why people would be so angry at banks. He took the example of Bank of America's debit card fee hike, which the company has blamed as a necessity, a reaction to swap fee reform legislation.

"The middle class folks, these guys with the debit cards, are on their back. And we're gonna charge 'em $5 to use the cards? At minimum, they are totally tone-deaf."

David Weigel is a Slate political reporter. 

TODAY IN SLATE

Politics

Don’t Worry, Obama Isn’t Sending U.S. Troops to Fight ISIS

But the next president might. 

The Extraordinary Amicus Brief That Attempts to Explain the Wu-Tang Clan to the Supreme Court Justices

Amazon Is Officially a Gadget Company. Here Are Its Six New Devices.

The Human Need to Find Connections in Everything

It’s the source of creativity and delusions. It can harm us more than it helps us.

How Much Should You Loathe NFL Commissioner Roger Goodell?

Here are the facts.

Altered State

The Plight of the Pre-Legalization Marijuana Offender

What should happen to weed users and dealers busted before the stuff was legal?

Surprise! The Women Hired to Fix the NFL Think the NFL Is Just Great.

You Shouldn’t Spank Anyone but Your Consensual Sex Partner

Moneybox
Sept. 17 2014 5:10 PM The Most Awkward Scenario in Which a Man Can Hold a Door for a Woman
  News & Politics
Jurisprudence
Sept. 18 2014 10:42 AM Scalia’s Liberal Streak The conservative justice’s most brilliant—and surprisingly progressive—moments on the bench.
  Business
Business Insider
Sept. 17 2014 1:36 PM Nate Silver Versus Princeton Professor: Who Has the Right Models?
  Life
The Vault
Sept. 18 2014 9:57 AM “The Sun Never Sets Upon the British Empire,” Explained in GIF by an Old Children’s Toy
  Double X
The XX Factor
Sept. 17 2014 6:14 PM Today in Gender Gaps: Biking
  Slate Plus
Slate Fare
Sept. 17 2014 9:37 AM Is Slate Too Liberal?  A members-only open thread.
  Arts
Television
Sept. 18 2014 8:53 AM The Other Huxtable Effect Thirty years ago, The Cosby Show gave us one of TV’s great feminists.
  Technology
Future Tense
Sept. 18 2014 10:07 AM “The Day It All Ended” A short story from Hieroglyph, a new science fiction anthology.
  Health & Science
Bad Astronomy
Sept. 18 2014 7:30 AM Red and Green Ghosts Haunt the Stormy Night
  Sports
Sports Nut
Sept. 17 2014 3:51 PM NFL Jerk Watch: Roger Goodell How much should you loathe the pro football commissioner?