Obama: In a way, Occupy Wall Street isn't that different from the tea party

“I understand the frustrations being expressed in those protests,” Obama told ABC News senior White House correspondent Jake Tapper in the interview to air this evening on ABC News “Nightline” from Jamestown, N.C.

“In some ways, they’re not that different from some of the protests that we saw coming from the Tea Party. Both on the left and the right, I think people feel separated from their government. They feel that their institutions aren’t looking out for them,” he said…

“The most important thing we can do right now is those of us in leadership letting people know that we understand their struggles and we are on their side, and that we want to set up a system in which hard work, responsibility, doing what you’re supposed to do, is rewarded,” Obama said. “And that people who are irresponsible, who are reckless, who don’t feel a sense of obligation to their communities and their companies and their workers that those folks aren’t rewarded.”