Why the Great and Growing Backlash? by Victor Davis Hanson on National Review Online

WALL STREET POPULISTS

Elite liberals are not good class warriors. Factor in multi-millionaire Nancy Pelosi’s government mega-jet or Barack Obama’s various overseas junkets or the big Wall Street money that went into Obama’s near billion-dollar campaign coffers, and it is hard to take seriously Obama’s constant war against “them.” The voters have figured out that their president likes the elite plutocracy and the lower middle classes, but not so much the wannabe rich who aspire to cross his hated $250,000 income threshold — at which point suddenly they become unpatriotic, unwilling to pay their fair shares, and reluctant to spread the wealth around.

It is not particularly smart to constantly demonize the entrepreneurial classes, promise to raise income, payroll, health-care, and inheritance taxes on them, and expand government regulations — and then wonder why they are not creating more jobs.