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Sapphire Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-16-07 12:12 PM
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A New Populism Spurs Democrats on the Economy
A New Populism Spurs Democrats on the Economy
By ROBIN TONER
Published: July 16, 2007

WASHINGTON, July 15 On Capitol Hill and on the presidential campaign trail, Democrats are increasingly moving toward a full-throated populist critique of the current economy.

Clearly influenced by some of their most successful candidates in last years Congressional elections, Democrats are talking more and more about the anemic growth in American wages and the negative effects of trade and a globalized economy on American jobs and communities. They deplore what they call a growing gap between the middle class, which is struggling to adjust to a changing job market, and the affluent elites who have prospered in the new economy. Senator Hillary Rodham Clinton, Democrat of New York, calls it trickle-down economics without the trickle.

Populism is hardly new in the Democratic Party. Al Gore vowed to fight for the people versus the powerful in his presidential campaign seven years ago, and Republicans have long accused the Democrats of practicing class warfare.

But the latest populist resurgence is deeply rooted in a view that current economic conditions are difficult and deteriorating for many people, analysts say, and it is now framing debates over tax policy, education, trade, energy and health care. Last week, Senate Democrats held hearings on proposals to raise taxes on some of the highest fliers on Wall Street, the people at the top of private equity and hedge fund firms.

(snip)

Former Senator John Edwards, another Democratic candidate, staked out similar positions months ago and regularly notes that in the last 20 years, about half of Americas economic growth has gone to the top 1 percent. Mr. Edwards praises recent efforts to raise taxes on private equity and hedge funds. His campaign manager, former Representative David E. Bonior, notes that Mr. Edwards has been sounding these themes since his first presidential campaign in 2004.


Continued @ http://www.nytimes.com/2007/07/16/us/politics/16populis...



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Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-16-07 12:16 PM
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1. New to the MSM perhaps
But Dems (even some in DC) have been talking non-stop about "populism" issues for a long while.

Back before the GOPer Contract on America, middle class issues weren't labeled "populism", they were the norm.
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