Barack Obama and the Audacity of Populism

Jesse Walker of Reason has an excellent op-ed in today’s Wall Street Journal that (1) masterfully shreds Obama’s populist pretensions, (2) gives a good, brief history of American populism, and (3) discusses the role of today’s Tea Parties and Glenn Becks.

Print it out and read it on your Metro ride home today, but here’s my favorite paragraph:

To cast this man as a populist, you needn’t merely imagine an alternate America where a William Jennings Bryan, the explosive orator who ran unsuccessfully three times for the White House in the late 19th and early 20th centuries, has actually captured the presidency. You need to imagine a Bryan who went to Harvard and taught at an elite law school, who received more money than his opponent from Wall Street and the corporate media, who personally intervened during the presidential campaign to help a bank bailout become law, who surrounded himself with advisers drawn from Goldman Sachs and Citigroup, and whose solution to an economic crisis has been to propose a program of corporate subsidies. A populist? Even at his most liberal, pushing a plan to move the country toward universal health coverage, Mr. Obama’s idea of advancing reform is to cut deals with all the industries involved so they’ll back his legislation.

p.s., if the WSJ headline sounds familiar, you’ve been reading your Washington Examiner.

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