The ongoing bailout of banks and business executives is not only wrong, it is deeply, deeply unpopular. By taking potshots at executives—their salaries, their corporate jets, their redecorated offices—Obama hopes to deflect the unpopularity of his actual policies onto his opponents. He wants to channel voters' entirely justified anger at the executives' naked appeal for our cash towards the people who appear to defend them (because they are actually defending capitalism).
This way Obama can turn business executives into another Democratic interest group—and make Republicans pay the political cost.
Wednesday, February 04, 2009
Maggie Gallagher on National Review's The Corner: