Populism Is Back – On Both Sides Of Aisle
It began on the fringes a few years ago, with the Tea Party. Then came the smart, motley crews of Occupy Wall Street. The following summer, then-Senate candidate Elizabeth Warren used her Democratic National Convention keynote to talk about hard-working people up against a system that's rigged against them. Glimmers all — until this season of primaries and midterms and a looming presidential campaign.
Get out your pitchforks, everyone, because populism is back. From left to right, American politicians are picking up a populist mantle that's been stuffed in a closet for about 100 years. Senator Warren's crusading about it on book tour; the enraptured crowds want her to run for president. In June, House Majority Leader Eric Cantor was soundly defeated in a primary by Tea Party member David Brat, an economist who spent his campaign talking about how bankers should've gone to jail after the 2008 financial crisis. Last week, Wisconsin Rep. Paul Ryan jumped in with an anti-poverty plan whose raison d'etre could have been cribbed from Warren's book: "Both big government and big business like to stack the deck in their favor. And though they are sometimes adversaries, they are far too often allies."