(Community Matters) I’ve blogged about the danger of populism. The Economist does so much more articulately.
The danger for Mr Obama and the ruling Democrats is that the administration is relying heavily on private investors and Wall Street banks to implement its various rescue plans. This inevitably means rewarding some of the people who were responsible for the crisis. The president hopes that his budget will channel destructive anger into support for his policies. But he could also find his administration blown off-course or even swept aside by popular outrage.
I know this isn’t news to the Administration and that they are acutely aware of the tightrope they walk. We all said it coming into the term, far from an enviable time to be taking the reins, and thank God BHO is the one taking ’em.
Community Matters 