FROM Gene Ulm
Populism and the President At a congressional grilling of Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke, Republicans and Democrats acted out the anger they’ve been hearing from their constituents. The outrage is not yet directed at the President himself, but it’s getting through to the Obama White House. Is it greater on the right or the left? Will it paralyze Congress? Can a popular new president turn it to his advantage?
American Populism: 21st Century Style Treasury Secretary Geithner and Federal Reserve Chief Bernanke were on the hot seat today as members of Congress channeled the outrage of their constituents. Historians are reminded of populist anger during the Great Depression, the Gilded Age and Andrew Jackson's war against central bankers. Advisors on Capitol Hill and at the Obama White House are calculating the depth of public resentment over the loss of home value and retirement savings. Is it greater on the right or the left? Will it paralyze Congress? Can a popular new president turn it to his advantage?
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?