Following tens of thousands of depositors complaining and threatening to leave Bank of America if the company went forward with debt card fees, it has been announced that the company has dropped its plans and will find some other way to make up the new regulatory costs imposed by the federal government.

Common sense would say between filthy hippies bitching in the streets and tens of thousands of depositors threatening to take their business and leave, it would be the latter that gets credit for the chance of plan. But not if you’re a hack working for Politico. Then you credit Barack Obama and the filthy hippies.

In a win for President Barack Obama and Occupy Wall Street, the Bank of America will abandon its plans to charge customers $5 per month to use debit cards…

Over the weekend, progressive bloggers gave credit to the Occupy Wall Street movement, POLITICO reported. “Keep up the good work Occupy and thanks for your help!” said the progressive AMERICAblog.

“They alienated everyone who has one of their debit cards. And they did it in a time when there was already a backlash against greedy banks from the Occupy Wall Street protests. Those protests have already opened up an opportunity for bank accountability that many groups are capitalizing on,” wrote David Dayden at FireDogLake.

I’m sorry, but a good chunk of the Occupy losers don’t have a dime to their name. By their own admissions they lack jobs, are in massive student loan debt, and are relying on protest-sponsored communal food kitchens to eat. Are we supposed to believe Bank of America gave a crap about their whining? And as for Obama, all he could do was encourage depositors to complain. Which he did. That was the extent of his actions.

But rather than pointing out the move is the result of the market retaliating against increased costs by threatening to withhold business, Politico decides to credit filthy hippies with loads of debt and Barack Obama for encouraging people to complain. Politico is now basically the DNC’s newsletter.