GOP Populists: Stealing a Page From the Progressive Playbook

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In his piece “Thank You, Wall Street. May We Have Another?” published online this morning, David Corn notes that “populist fury aimed at the one-time masters of the universe has yet to materialize in any targeted manner.” Rep. Paul Ryan (R-Wisc.), who must have read David’s article when the magazine hit newsstands late last month, is trying to change that.

Paul Ryan, Grand Old PopulistPaul Ryan, Grand Old PopulistRyan recently wrote a piece for Forbes with the provocative title “Down With Big Business.” In a column hammering Wall Street and the financial industry—many of whom are, oddly enough, Ryan’s biggest donors—the ranking Republican on the House Budget Committee addresses most of the points David suggests are inhibiting a “mass movement demanding fundamental change,” including the confusion and fear many feel as a result of the dire economic situation Wall Street malfeasance has gotten us into. However, the reforms Ryan advocates to mobilize the masses and save the economy will seem strange to all but his lobbyists friends: more deregulation.

“If this sounds twisted and counter-intuitive, that’s because it is,” writes Thomas Frank, the token liberal on Wall Street Journal editorial page, in a column about Ryan. Warning of the return of Reagan Revolution-styled GOP populism, Frank remarks, “This is an argument that might have sounded good in 1979 but for it to make sense today one has to disregard the wreckage all around us courtesy of three decades of regulatory rollback.” But it’s an argument that very well might work. “Democrats, for their part, will find it difficult to respond in kind, especially after having spent their first year delivering regal gifts to the insurance industry and dithering over the urgent matter of new financial regulation,” Frank notes.

The Tea Partiers, town hall protesters, and dismal political approval ratings all attest to the anger coursing through out the American electorate. Ryan is attempting to rally the rightwing and the swing voters behind his impassioned-if-incoherent financial reform plan. If the Democratic majority is to last long past the 2010 midterms, they will have to come up with a more compelling response to public outrage than “don’t blame us.” Progressives should follow Ryan’s lead and take a look at David’s story.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

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