Populist Rage at Government

NAFTALI BENDAVID
The Wall Street Journal
October 13, 2009

[efoods]Americans have historically swung between anger at big business and anger at Washington. This year their rage has targeted business and government with equal fury.

Public frustration over Wall Street failures that led to the financial crisis was typified by the uproar over bonus payments to American International Group Inc. executives. Those feelings haven’t dissipated, political strategists say. At the same time, Americans are equally upset at what they call overreaching by Congress and federal bureaucrats, with protesters taking to the streets to decry “socialism” and a “government takeover” of the economy.

Policy makers face a quandary. With voters simultaneously recoiling at laissez-faire policies and a big-government approach neither party in Washington seems capable of corralling an angry public.

“I think this is a very populist moment,” said Vin Weber, a former Minnesota congressman and now a top Republican strategist. “People held onto their distrust of big business and Wall Street, but what has happened is their distrust of big government has come back as well.”

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