More from the SOTU (emphasis added):
They don’t understand why it seems like bad behavior on Wall Street is rewarded, but hard work on Main Street isn’t; or why Washington has been unable or unwilling to solve any of our problems
The Federal government did a bail out, but didn’t nationalize, or set conditions on executive pay. Today Wall Street and the banks have recovered much more then the public at large. So how else are people supposed to see things?
Obama did a good job laying out a vision for improvement moving forward, but there’s no point in soft selling the last year.