President Obama can't run on his abysmal record, writes Charles Krauthammer in the Washington Post, so instead he's found a convenient scapegoat in the rich. His strategy boils down to a simple theme: "Plutocrats are bleeding the country, and I shall rescue you from them." The left loves it, but Krauthammer warns that Obama is treading dangerous ground: "Popular resentment, easily stoked, is less easily controlled, especially when the basest of instincts are granted legitimacy by the nation’s leader."
Occupy Wall Street is only one example of how this is playing out, writes Krauthammer, who derides protesters as "indignant indolents saddled with their $50,000 student loans and English degrees." He also points to Sen. Dick Durbin telling Bank of America customers to jump ship over its fees. "Obama is too intelligent not to know what he started," writes Krauthammer. "But so long as it gives him a shot at reelection, he shows no sign of caring." Full column here.