*While Republican presidential candidate Herman was busy calling the Occupy Wall Street protesters anti-American and anti-capitalistic, President Obama, at his press conference a day later, said he understood the anger and frustration that underlies the movement – including his painful decision to bail out the very folks who put America in its depressed financial state.
Cain said as he signed copies of his memoir in St. Petersburg, Fla.: “Don’t be jealous, don’t be envious. I don’t have much patience for someone who does not want to achieve their American dream the old-fashioned way.”
More than 400 people attended Wednesday’s event as the former head of Godfather’s Pizza pulled up in front of the Barnes & Noble bookstore in a black luxury bus, and he entered the store to cheers and applause.
After winning the Sept. 24 straw poll in Florida, Cain has seen his popularity surge, especially among conservatives. He is showing well in many surveys, near front-runner and former Massachusetts Gov. Mitt Romney, who has raised more money.
When asked about the thousands of people that have been protesting in lower Manhattan, Cain said, “They’re basically saying that somehow the government is supposed to take from those that have succeeded and give to those who want to protest. He added: “That’s not the way America was built.”
Cain said people should instead protest the White House and President Barack Obama because the president has not created jobs. Bankers and others on Wall Street have created jobs, he said.
“They’re protesting in the wrong place,” Cain said. “I’m not sure I know why they’re there. If they’re there because they are jealous of Wall Street and bankers and people who have succeeded, then they’re there for the wrong reasons. This country is based on people who achieve their dreams and work.”
He added that the protesters “should go figure out what America is all about.”
Meanwhile, as “Occupy” protests popped up in more than a dozen American cities, including Washington, President Obama said Thursday that the demonstrators are giving a voice to those frustrated with the financial system.
“The American people understand that not everybody’s been following the rules, that Wall Street is an example of that,” he said at a White House news conference, while stopping short of fully endorsing the group.
Obama also defended the country’s financial sector, which appears to have taken the brunt of protester criticism, focusing on Wall Street and its regulators’ purported role in widening economic disparities.
“We have to have a strong, effective financial sector in order for us to grow,” the president said.
This morning, the U.S. economy gained more jobs in September than most economists had expected, reports CNN. The Labor Department reports today that employers added 103,000 jobs in the month, although Verizon workers returning from a strike represented 45,000 of those gains.
In addition, after initially reporting no change in the number of workers for August, the figures for that month were revised to a gain of 57,000 jobs.
The September unemployment rate held steady at 9.1.
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