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# How Occupy Wall Street May Affect the 2012 Elections

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<!-- video src="https://cdn.jwplayer.com/manifests/67AUceXk.m3u8" -->
## Video: How Occupy Wall Street May Affect the 2012 Elections

[Watch (HLS stream): How Occupy Wall Street May Affect the 2012 Elections](https://cdn.jwplayer.com/manifests/67AUceXk.m3u8) (3:14)

![How Occupy Wall Street May Affect the 2012 Elections](https://cdn.jwplayer.com/v2/media/67AUceXk/poster.jpg?width=720)

_Published 2011-10-13. TIME White House correspondent Michael Scherer analyzes the potential political impact of the Wall Street protests_


---

Jul 27, 2023 3:18 PM UTC

---

## More From This Series

[All Videos](https://time.com/video/)

[Occupy Wall Street's Live Streamer Tim Pool](/video/7iqOut7N/)

### Occupy Wall Street's Live Streamer Tim Pool

[Re-entering Occupy Wall Street After Eviction](/video/yJzXMHfS/)

### Re-entering Occupy Wall Street After Eviction

[Bill Clinton on Unemployment and Occupy Wall Street](/video/SlPlNHT5/)

### Bill Clinton on Unemployment and Occupy Wall Street

---


## Transcript

You know what we want? You know what we want? You know what we need? You know what we need? I understand change is hard. I understand change. The Occupy Wall Street movement is in its fourth week and has now spread across the country. In this week's issue of time, White House correspondent Michael Shear, discusses how these grass root protest, could influence American politics. There is a tradition that has come up over the last several years. In which you see popular movements taking to the streets that have an immediate effect of not only at gelling the populace by using new media to connect people who otherwise weren't connected.

But by changing the national conversation. We have a vision. A vision where we take the money from the wealthy. From the bankers. From tax loop holes. From the wars. And we use it for human needs. What we do know is the Occupy Wall Street movement, it continues to grow and it continues to grow at a very rapid pace. And, and several months from now it's almost certain it's gonna be a bigger and, and different beast than it is today. Occupy. Occupy. Wall Street. Wall Street. Lots of people are coming from lots of different walks of life, lots of different activist traditions, but there's a common theme that brings them all together and that's.

This anger with the state of the country, the plight of the middle class, what, what they've called the 99 % of the country. And, and blaming that plight on the corporate and banking elite on the 1 %, the very wealthy Americans, it's, it's, it's a pivot from the Tea Party which blamed a very similar set of grievances on government, not, not the corporate elite. For Democrats in Washington, it's a huge deal. They, they're very excited to really grasp on to this new movement. They don't wanna control it. They don't want to direct it, but they do want the conversation to change because of it. I think it's exciting.

Whenever people believe their back's against the wall. They don't have to wait till elections. What you've seen in, in the last couple week is politicians across the Democratic spectrum coming out strongly in favor of the Occupy Wall Street movement, saying you know, their grievances are real grievances. I understand them. I feel them. They're not embracing any of the specifics of the policy proposals but they're embracing the broad narrative. They're expressing frustration. They're expressing fear of the joblessness. Do you support them? Well, I support the, the message to the establishment, whether it's Wall Street or the political establishment and the rest.

The change has to happen. They want this conversation to shift onto the terrain of income inequality fairness in taxation regulation for Wall Street. All these things dovetail with the message of the Occupy Wall Street movement. So, we don't yet know what this movement will become. But we do know that whatever determines the final outcome will be the people who get involved. It's, it's, we're still a country despite our problems, despite the distrust of the, the populace that responds to people on the streets. And if more people come out in the streets, they will have any time. [ SOUND ]

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