Angry Populism Could Save The GOP

Republican strategists are excited about the possibility that the GOP could benefit from a rising tide of populist resentment over the massive government bailout of major banks, insurance companies and auto manufacturers.
Some observers see this dynamic already at work in the intense opposition to President Obama's health care initiative. Populist anger - fanned by voluble conservative talk radio and cable TV shows -- gathered strength this past summer as members of Congress met with furious constituents during the August recess. At one gathering at a Florida community center hosted by Democratic Rep. Alan Grayson, for example, attendees started chanting: "Stop the redistribution!" On Saturday, tens of thousands of protesters swarmed Washington's streets, railing against Obama's "socialist" agenda and government spending generally.
Republicans hope - and Democrats fear - that a politically significant percentage of voters will come to see the federal government under Democratic control as redistributing tax dollars to "elites" and to the very poor, as the broad middle class is left on its own to face high unemployment, sharply reduced home values, and gutted retirement savings.
This would be very good news for a Republican party that is otherwise facing potentially devastating demographic trends.
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