If the Obama administration doesn’t start to deal with the populist wave headed for Washington, Republicans will tap a reservoir of resentment that could destroy his presidency.
First they came for the bankers. Then they came for the CEOs. Then they came for the liberals. That might be the epitaph of the Democratic Party, if Democrats cannot learn to surf the tsunami of populism created by the economic earthquake.
Already across the world you can hear the rumble. Nations are scrambling to bail out their industries and protect them against foreign competition. The Indian government is slapping restrictions on Chinese imports. In Britain, workers have struck, demanding “British jobs for British workers.” In the US, popular support for “Buy American” provisions is as high as disapproval of the same provisions in the elite press.
As more Americans lose their jobs and their
|Liveleak on Facebook|