While the foreclosure rages the pot is calling the kettle black

The foreclosure crisis continues to rage and against this background the blame game is going on with the pot calling the kettle black. In New York the government is calling the bigwigs of Wall Street ‘fat cats’ but cannot the same nickname be applied to the administration?

Recently in various meetings at Capital Hill and the White House there was direct sparring between the Democrats in the government and the giants of Wall Street. But this was not the first of its kind. In response to the foreclosures in New Yorkand nationwide Obama has set a pattern of regularly chastising the kings of American industry.

In 2009 he taunted them as ‘fat cats’ and referred to the AIG bonuses as “outrage”. He accused the health insurers of being greedy and charged the owners of a mining firm in West Virginia for placing “their bottom line before the safety of the workers.”

Lumped together this kind of indictments by the government makes the Obama government populist par excellence – at least in the field of verbal politics since the time of Roosevelt.

But despite this verbosity, at the grass root level the elite of America is inclined more towards the Tea Party revolts. The latter is infusing new life into the Republican Party. This poses that question as to why, despite Obama’s open angst against the corporate criminals, the public anger appears to be focused against him.

It seems that while Obama apparently seems eager to rattle off a populist speech he is coolly contemplative for people to be convinced that what he is doing is nothing but playing a role. In displaying emotions he rivals John F. Kennedy who called the steel magnates as “sons of bitches.”