The New Radicals

New Geography reports:

The Obama ''trickle down'' is, sadly, not all that different from the Bush-Paulson strategy. Like its predecessor, it endorses the bailout of giant financial institutions as the linchpin of its economic policy. It is, simultaneously, profoundly anti-democratic and anti-capitalist.

Other aspects of the Obama policy seem likely to prop up Wall Street traders at the expense of the rest of us. The administration's big ''cap and trade'' proposals could prove more advantageous to well-heeled ''carbon traders'' than to the environment. The other big winners may be Silicon Valley venture capitalists, who-- increasingly bereft of their own ideas for making money--hope to cash in on Washington-subsidized energy schemes.

Another great one from Joel Kotkin.