26 January 2010

Never Been a Populist Myself...

... and neither has David Brooks. 

Let him explain why.

The point?

The populists have an Us versus Them mentality. If they continue their random attacks on enterprise and capital, they will only increase the pervasive feeling of uncertainty, which is now the single biggest factor in holding back investment, job creation and growth. They will end up discrediting good policies (the Obama bank reforms are quite sensible) because they will persuade the country that the government is in the hands of reckless Huey Longs.

They will have traded dynamic optimism, which always wins, for combative divisiveness, which always loses.

And if you have some extra time on your hands, take a look at the profile of Harry Reid (NV-D) in the NYT Magazine this past weekend.

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