American Populism: 21st Century Style

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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?




Warren Olney