I think the elephant in the room is getting a bit hard to ignore. Here are excerpts from the article by Adam Nagourney of the New York Times:
Bracing for a Bailout BacklashThe Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda.
The Administration’s sharp rebuke of the AIG… marks the latest attempt by the White House to distance itself from abuses that could feed potentially disruptive public anger.
“Never underestimate the capacity of angry populism in times of economic stress,” said Robert Reich… “The desire for culprits at times like this is strong.”
“The change now is you have a free-floating economic anxiety that has expressed itself in a kind of lashing out at those being bailed out and the people bailing out,” Michael Kazin, a Georgetown professor who has written extensively on populism. “I do think there’s a potential for a ‘damn everybody in power’ kind of sentiment.”
“There’s definitely a strong populist surge out there," said Joel Benenson… “It’s been brewing for close to four years.”
NOTE: I saw red when I first read this.
I was so angry I sat down and wrote my own satirical translation (what the author is *really* saying), but I deleted it because I realize these boards are frequented by people of all political views. Although, come to think of it, what I wrote couldn't be any more offensive to Obama supporters than this piece of junk "journalism" was to me! Anyway, if anyone is interested, feel free to email or pm me. Otherwise, suffice it to say the author of this article and the people he quotes don't have a clue what the protests are about.