Why Bank Rage is not Populism
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Acrylicist
Mar 25, 2009, 10:35:27 AM3/25/09
to Time as Money
Does the widespread public fury over AIG bonuses constitute a populist
rebellion, and signal a major shift in American political culture?
That's what the mainstream media seems to be pondering this week. The
Newsweek cover that hit the stands yesterday reads “The Thinking Man’s
Guide to Populist Rage.” Eye-catching hyperbole is the stuff of
newsweekly covers. (Six weeks ago, Newsweek’s cover line was “We Are
All Socialists Now.”) But the issue is filled with serious essays on
the subject, by Michael Kazin, Eliot Spitzer, and others. And in
yesterday's New York Times, John Harwood makes similar claims,
painting people’s anger at Wall Street as part of a populist
resurgence. Harwood’s most prominent source is, of all people, Ed
Rollins, the Republican strategist whose credentials on the subject
consist of working on the campaign of faux-populist Ross Perot.
Read the rest at http://www.motherjones.com/mojo/2009/03/why-bank-rage-not-populism
rebellion, and signal a major shift in American political culture?
That's what the mainstream media seems to be pondering this week. The
Newsweek cover that hit the stands yesterday reads “The Thinking Man’s
Guide to Populist Rage.” Eye-catching hyperbole is the stuff of
newsweekly covers. (Six weeks ago, Newsweek’s cover line was “We Are
All Socialists Now.”) But the issue is filled with serious essays on
the subject, by Michael Kazin, Eliot Spitzer, and others. And in
yesterday's New York Times, John Harwood makes similar claims,
painting people’s anger at Wall Street as part of a populist
resurgence. Harwood’s most prominent source is, of all people, Ed
Rollins, the Republican strategist whose credentials on the subject
consist of working on the campaign of faux-populist Ross Perot.
Read the rest at http://www.motherjones.com/mojo/2009/03/why-bank-rage-not-populism
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