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Joan Walsh is Salon's editor at large.  More Joan Walsh

The president dishes on Republican obstructionism and his feelings about the protest movement VIDEO

By Peter Finocchiaro

 (Credit: NBC)

Topics:Morning Clip, bill daley, Jay Leno

President Obama took a detour through late-night television yesterday evening for an hour-long conversation with Jay Leno that touched on matters of both domestic and international import. Also, the Kardashians.

After hashing through a variety of foreign policy issues in the first portion of the interview (which you can seehere), the conversation’s focus shifted stateside. Among the issues Leno and Obama tackled were Republican obstructionism, executive orders, and Occupy Wall Street. On the last point, Obama continued in his efforts to tap into the growing anger of the 99 percent:

The American people feel like nobody’s looking out for them right now. Traditionally, what held this country together was this notion that if you work hard, if you’re playing by the rules, if you’re responsible, if you’re looking out for your family, you’re showing up for work everyday and doing a good job, you’ve got a chance to get ahead and succeed. Right now, it feels to people like the deck’s stacked against them, and the folks in power don’t seem to be paying attention to that.

If everybody’s tuned into that message — and we are working every single day to figure out how do we give people a fair shake, and everybody’s doing their fair share — then people won’t be occupying the streets, because they’ll have a job and they’ll feel like they’re able to get ahead. But right now they’re frustrated. Part of my job over the next year is to make sure, if they’re not seeing it out of Congress, at minimum they’re going to see in their president someone who’s fighting for them.

  More Peter Finocchiaro

Pushing to reinstate the Glass-Steagall Act would be a smart move for Obama both politically and economically

By Robert Reich

 (Credit: AP Photo/Cliff Owen)

Topics:Wall Street, bill daley, Occupy Wall Street

This originally appeared on Robert Reich's blog.

Next week President Obama travels to Wall Street where he’ll demand – in light of the Street’s continuing antics since the bailout, as well as its role in watering-down the Volcker rule – that the Glass-Steagall Act be resurrected and big banks be broken up.

I’m kidding. But it would be a smart move — politically and economically.

Politically smart because Mitt Romney is almost sure to be the Republican nominee, and Romney is the poster child for the pump-and-dump mentality that’s infected the financial industry and continues to jeopardize the American economy.

Romney was CEO of Bain & Company – a private-equity fund that bought up companies, fired employees to save money and boost performance, and then resold the firms at a nice markups.

Romney also epitomizes the pump-and-dump culture of America’s super rich. To take one example, he recently purchased a $3 million mansion in La Jolla, California (in addition to his other homes) that he’s razing in order build a brand new one.

What better way for Obama to distinguish himself from Romney than to condemn Wall Street’s antics since the bailout, and call for real reform?

Economically it would be smart for Obama to go after the Street right now because the Street’s lobbying muscle has reduced the Dodd-Frank financial reform law to a pale reflection of its former self. Dodd-Frank is rife with so many loopholes and exemptions that the largest Wall Street banks – larger by far then they were before the bailout – are back to many of their old tricks.

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