Come On . . . Windfall Tax!

Democrats need to implement some strategic populism if they want to escape the November 2010 anti-incumbent wave, and bashing big banks could be the solution. And there's reason to hope that they'll implement practical actions, rather than just rhetoric. The NY Times reports that President Obama will attempt to recoup as much as $120 billion of the $700 billion financial bailout. How he'll do it is uncertain, but a windfall tax on profits, such as the British are considering, could be just what taxpayers and voters need.