Rhetoric Matters
by David Atkins
Matt Taibbi on Countdown, discussing how President Obama’s embrace of populist rhetoric may already be impacting Wall Street:
There are many who have argued that the recent streak of anti-Wall Street rhetoric from national Democrats is just that: rhetoric. And that after the election, everything will go back to business as usual.
I’m not sure that’s the case. But even so, there’s a lot to be said for rhetoric alone. When leaders promote progressive ideas even with no intention of acting on them, that changes the national conversation. It affects behavior. And that in turn may force legislators’ hands even if they had no intention of acting in the first place.
Rhetoric matters.
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