By Victor Davis Hanson
Thursday, August 01, 2013
Occupy Wall Streeters claimed that they were populists.
Their ideological opposites, the Tea Partiers, said they were, too. Both became
polarizing. And so far populism, whether on the right or left, does not seem to
have made inroads with the traditional Republican and Democrat establishments.
Gas has gone up about $2 a gallon since Barack Obama took
office. Given average yearly rates of national consumption, that increase alone
translates into an extra $1 trillion that American drivers have collectively
paid in higher fuel costs over the last 54 months.
Such a crushing burden on the cash-strapped commuter
class is rarely cited in the liberal fixation on cap-and-trade, wind and solar
subsidies, and the supposed dangers of fracking.
When the president scaled back the number of new gas and
oil leases on federal lands over time, he was appealing to his boutique base --
not to those who can scarcely meet their monthly heating and cooling bills.
Should there not be an opening for a conservative
populist response?
Unfortunately, pro-drilling conservatives sound more like
spokesmen for oil companies than grassroots champions for strapped motorists.
Total student debt is approaching $1 trillion. That is an
unsustainable burden for recent graduates under 25 facing an adjusted youth
unemployment rate of over 20 percent.
Yet the well-off are more interested in ensuring that
their children get into tony, name-brand colleges than in fretting about how to
pay for it -- a fact well known to our price-gauging universities.
On the other end, need- and ethnic-based scholarships and
waivers have made college more affordable for the poor than it is for the
middle classes. The parents of the latter make enough to be disqualified from
most government help, but not enough to afford soaring tuition.
Banks find student loans backed by government guarantees
profitable.
Top-heavy universities assume that there will always be
more income from the subsidized poor and the rich. Again, middle-class students
are caught up a creek without the paddles of wealthy parents or a generous
government.
There is also a populist argument to be made against the
farm bill.
There are more than 48 million Americans on food stamps,
an increase of about 12 million since the beginning of the Obama presidency. At
a time of record-high crop prices, the U.S. government still helps well-off
farmers with some $20 billion in annual crop payouts and indirect subsidies.
The left mythicizes food-stamp recipients almost as if
they all must be the Cratchits of Dickensian England.The right romanticizes
corporate agriculture as if the growers all were hardscrabble family farmers in
need of a little boost to get through another tough harvest. Those in between,
who pay federal income taxes and are not on food stamps, lack the empathy of
the poor and the clout of the rich. Can't a politician say that?
Illegal immigration is likewise not a left vs. right or
Republican vs. Democrat issue, but instead mostly one of class.
The influx of millions of illegal immigrants has ensured
corporate America access to cheap labor while offering a growing constituency
for political and academic elites. Yet the earning power of poorer American
workers -- especially African-Americans and Hispanic-Americans -- has
stagnated.
The common bond between the agendas of La Raza activists
and the corporate world is apparently a relative lack of concern for the
welfare of entry-level laborers, many of them in America’s inner cities, who
are competing against millions of illegal workers.
Given the slow-growth, high-unemployment economy, and the
policies of the Federal Reserve, interest on simple passbook accounts has all
but vanished.
The poor are not so affected. They are more often
borrowers than lenders, and they are sometime beneficiaries of federally
subsidized debt relief. The rich have the capital and connections to find more
profitable investments in real estate or the stock market that make them immune
from pedestrian, underperforming savings accounts.
In other words, this administration's loose money policy
has been good for the indebted and even better for the stock-invested rich. But
it is absolutely lousy for the middle class and for strapped retirees with a
few dollars in conservative passbook accounts.
The aftermath of the 2008 financial meltdown followed the
same script. The crisis arose from a strange connivance between loans to the
unqualified and huge profits for Wall Street. Its remedy was to have the lowly
taxpayer pick up the walk-away debt of the former while offering bailouts for
the latter.
Polls show the president's approval numbers are tanking.
Congress can hardly become any more unpopular. Maybe one reason is that neither
seems to care much about those who are not rich and not poor.
America has plenty of community organizers and agitators,
and even more smooth corporate lobbyists, but populist politicians disappeared
long ago.
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