Axelrod: GOP doesn't understand Wall St. protests

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WASHINGTON (AP) -- A senior political adviser to President Barack Obama is charging that the Republicans seeking the presidency don't understand the American public's pent-up anger over corporate excesses.

David Axelrod tells ABC's "This Week" that the American people "want a financial system that works on the level. They want to get a fair shake."

He appeared Sunday, a day after scores of demonstrators protesting corporate business practices were arrested in New York's Times Square in a confrontation with police.

Axelrod faulted Republicans who have been pushing in Congress to soften or repeal the landmark legislation Obama pushed through last year, tightening regulation of business practices.

Axelrod said he doesn't believe "any American is impressed" when hearing GOP presidential candidates who want to "roll back Wall St. reform."