Me on AIG and Populism at TMV

by Scott H. Payne on March 21, 2009

My personal favourite line/analogy,

People are angry about the AIG bonuses and so they should be, much of the country is hurting and it’s insult to injury to watch the folks who caused that harm get effectively rewarded. Obama getting out in front of that outrage also makes a certain political sense, such outrage can be put to good use in galvanizing support for a particular course of action. But populist outrage turned support is a bit like hiring berserker mercenaries for your army: good at laying waste to all that stands in your way, difficult to control throughout the entire process.

{ 2 comments }

1 E.D. Kain March 21, 2009 at 7:16 pm

The berserker analogy is apt, but…Americans have very, very short attention spans. Populism runs fewer risks of sustained fires due to our propensity to care more about the latest hit show than the latest political calamity…

2 Scott H. Payne March 21, 2009 at 7:32 pm

Which I would agree with, if this thing weren’t moving so quickly.

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