One thing I have been thinking about lately is how populism has become the new center. Obama certainly is more concerned about populist than, how shall we say it, CNBC rage.
Populism has replaced Neo Crybaby Conservatism to such an extent that CNBC rationality seems like something out of the last century. When Republicans see opposition as critiquing Democrats for acting like conservatives they have lost all relevance.
It does seem all the populist outrage is inauthentic. Obama is more concerned with soothing the populist angst without moving too far towards the populist center. I had to laugh at Geithner the other day when he tried to make it sound like he was being tough with the AIG pirates by taking the bonuses out of the next $30,000,000,000 check sent to AIG by ours truely.
Only time will tell is Obama will give the populist center more than lip service. I must say with the most recent banking bill I will not be hlding my breath. We’ll have to wait and see if Obama let’s the AIG pirates pilliage the tax payer bounty as our ship sinks.