Bailout didn’t help the market today, but it surely making everyone angry.

Ironically, from Fortune

A populist backlash is changing America’s political climate. Inflamed by the financial crisis and bailouts, a form of class warfare could haunt business leaders for years to come.


Washington hath no fury like Middle America scorned – and there’s reason to think it will only get uglier. The government’s massive new financial commitments will severely tie the next President’s hands in addressing middle-class concerns.

“The next President will have to temper expectations a lot,” says Middlebury College economist David Colander, “far beyond what either of the candidates has been willing to talk about.”

and how is this reflecting on the race?

If that means Republican John McCain gives up on letting the upper middle class keep the Bush tax cuts, it also means that Democrats will have to stop promising ambitious spending programs. Barack Obama rightly says it would be “irresponsible” not to review his spending menu – which includes making health care universal – in light of this new fiscal reality. As for problems like Medicare and Social Security? They’ll have to wait.

Oh, please Obama is way ahead of you here. Not that the media does let the voters know the promises they were made are already canceled.