Pundits talk about "populist rage" as a way to trivialize the anger and fear coursing through the middle class. But they have it wrong. Families understand with crystalline clarity that the rules they have played by are not the same rules that govern Wall Street. They understand that no American family is "too big to fail." They recognize that business models have shifted and that big banks are pulling out all the stops to squeeze families and boost revenues. They understand that their economic security is under assault and that leaving consumer debt effectively unregulated does not work.
Read it all here. Oddly, it seems like the Ds have conceded that populist rage to the Rs, where it is expressed in the hostility of the Tea Bag Insurgency, which seems to miss the role of Wall Street in the current debacle. The American middle and working class have been under steady siege for 35 years, and it doesn't look to get better. Piece in the paper today about more than 200 jobs lost in Victoria. They apparently weren't great jobs, but they were jobs and now they're gone.