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"The free-market system blunders into recession; its victims flock to the free-market banner. And here we go again…

"The answer to the riddle is as plain as the caviar on a lobbyist's spoon. Democrats don't speak to angry, working-class people because a lot of them can't speak to angry, working-class people. They don't know how. Many of the party's resident geniuses gave up on that constituency long ago, preferring instead to remodel their organization as the vanguard of enlightened professionals and the shrine of purest globaloney. They worked hard to convince Wall Street that new-style Democrats could be trusted. They accepted, for the most part, the deregulatory agenda of the Reagan administration; in fact, in some fields—banking, telecommunications, free trade—they went farther than Ronald Reagan dared. " Thomas Frank, Wall Street Journal, Feb. 24, 2010

available at

http://online. wsj.com/article/ SB10001424052748 7041881045750838 31187327328. html

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