Word: populist
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...drama law professor is going populist...
President Obama's new proposals to crack down on Wall Street - first the new tax on big banks last week, then Thursday's new restrictions on big banks - signal a somewhat new approach to financial reform. But they also signal a very new approach to politics and governing: more populist, more confrontational, less deferential to Congress, less eager for common ground. His uncharacteristically blunt message to financial giants and their political defenders said it all: "If these folks want a fight, it's a fight I'm ready to have...
...devised the plan to impose taxes on liabilities of the biggest banks, not only to recoup the bailout money but to discourage excessive risk-taking and excessive size. He just happens to be allergic to populism, and Obama political adviser David Axelrod wants to strike a much more populist are-you-with-us-or-the-banks tone in 2010. Axelrod and Obama aide Valerie Jarrett met at the White House on Wednesday with Harvard law professor and TARP watchdog Elizabeth Warren, the mother of the stand-alone consumer-agency proposal and an outspoken advocate for reform; their message was that...
...Argentina's autonomous central bank, which has refused to hand over $6.6 billion that the cash-hungry government says it needs to pay off foreign creditors. Opposition legislators see the request for cash as the latest in a series of asset grabs by Argentina's Peronist government and a populist play ahead of next year's elections. When President Fernandez used an emergency decree to order the seizure of assets last month, opposition members obtained a court injunction to stop them...
Cobos belongs to Argentina's middle-of-the road Radical Party, which lost its role as the counterbalance to the populist Peronists when Argentina's dual-party system broke down following the downfall of the disastrous Radical administration of President Fernando de la Rua in 2001. Economic collapse and social unrest led Argentina to default on $141 billion in foreign debt. Since then, the rambunctious Peronists have dominated Argentina's political scene, first under Nestor Kirchner, who oversaw the country's return to decent economic health, and then under his wife Fernandez, who was labeled Argentina's new Evita when...