In an article entitled “The Six Principles of the New Populism (and the Establishment’s Nightmare)” Robert Reich outlines six points of agreement between “Occupy” leftists and the “Tea Party” right:
[Editor's note: We only took the first few sentences of each point, follow the link to read the entire article.]
1. Cut the biggest Wall Street banks down to a size where they’re no longer too big to fail. Left populists have been advocating this since the Street’s bailout now they’re being joined by populists on the right.
2. Resurrect the Glass-Steagall Act, separating investment from commercial banking and thereby preventing companies from gambling with their depositors’ money. Elizabeth Warren has introduced such legislation, and John McCain co-sponsored it. Tea Partiers are strongly supportive, and critical of establishment Republicans for not getting behind it.
3. End corporate welfare – including subsidies to big oil, big agribusiness, big pharma, Wall Street, and the Ex-Im Bank.… Read the rest