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Ethical Populism vs. Crony CapitalismBy Jack McHughs Blog, Section News
(The Tea Parties) are based on an "ethical populism." The protesters are homeowners who didn't walk away from their mortgages, small business owners who don't want corporate welfare and bankers who kept their heads during the frenzy and don't need bailouts. They were the people who were doing the important things right -- and who are now watching elected politicians reward those who did the important things wrong. Arthur Brooks
The MSM has labeled Obama's post-Massachusetts demagoguery as "populism." This is reported as his "response" to the Tea Party spirit that's giving Dems the willies about November. Both Obama and the MSM can't understand why the President's reaction and their characterization of it is in fact a smear against Tea Partiers and their real concerns. In that light, it's worth revisiting Arthur Brooks wonderful op-ed from last spring on "Ethical Populism," the source of the excerpt above. As Brooks explains, ethical populism has motivated millions of non-political members of the middle class to become Tea Partiers. Among other things they are deeply offended and disturbed by the hypocrisy that Michael Barone reported on this week, "Under Obama, Crony Capitalism Again Rules the Day." (h/t Capitol Confidential). There's plenty of crony capitalism going on right here in Michigan, too, from Michael Moore's pursuit corporate welfare of film subsidies (and that program in general), to bipartisan votes in the state House and Senate authorizing nearly half a billion dollars in handouts to electric car battery makers and related crony capitalists.
Ethical Populism vs. Crony Capitalism | 5 comments (5 topical, 0 hidden)
Ethical Populism vs. Crony Capitalism | 5 comments (5 topical, 0 hidden)
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