loupgarous

Bailout Watch: Heading for a Populist Backlash?

Robert Reich had better PRAY that the backlash is populist in nature - that Americans are the pathetic morons the media paint them as, who don't see the problem with getting second and third mortgages on their homes to buy crap they don't need, and who will believe any huckster in an Italian suit who gets up on a podium, promises them "Change they can believe in" and gives them warmed-over "this is how we got where we are" Senate Democrats.

I don't think so. The electorate seems to have performed in choosing the next President (something we'll never know, because there is no way that an Obama Attorney General will authorize a searching investigation of how significant bogus voter registrations were in the 2008 election (or the 2004 or 2006 elections, for that matter). ACORN gets a walk from the guy they helped put in office.

But I think that once the honeymoon is over, the voters will realize that the real change they have gotten from Barack Obama will be a loss in governmental integrity, a loss in investor confidence as socialism displaces the hidden hand of the market as the leading force in American business, and a loss in our power in the world, because the key to a strong military is a strong economy - and we're about to make all of the mistakes that got socialism a bad name in Europe.

Or has British Leyland made serious noise, apart from a loud crashing sound?

Bailing out the Big Three without solid transfer of equity in exchange for the bailout and major union concessions will give us "change we'll have to push down the road."