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Conservative columnist Peggy Noonan says it is "pirate time" for Republicans. They need to be bold and capture the Democrat's issues that rightly belong to them. For Noonan, this means go populist and call for breaking up the "too-big-to-fail" banks. This would not be the first time conservatives have urged Republicans to do so. Will Republicans listen?
"If you are conservative you are skeptical of concentrated power. You know the bullying and bossism it can lead to. Republicans should go to the populist right on the issue of bank breakup," Noonan wrote Sunday for The Wall Street Journal. "Too big to fail is too big to continue. The megabanks have too much power in Washington and too much weight within the financial system. People think the GOP is for the bankers. The GOP should upend this assumption. In this case good policy is good politics."...
Republicans Populists? They have been moribund since the 1930's. Peggy got a sense of humor. Even though Paul Ryan (the GOP VP candidate--if you've forgotten) had the excellent idea of, Paul Ryan: â€˜I Agreeâ€™ We Need To Reinstate Glass-Steagall, His investment banker leader Mitty Romney wouldn't touch the idea.