Yo, What Doug Kass Said: A Tidal Wave of Populism
When the policies of populism (higher taxes and more costly regulation) are mixed with a number of other nontraditional headwinds (municipalities' disarray, a still-wounded lending mechanism, etc.), the trajectory of economic growth will almost certainly be stunted. I believe these influences and policies will be reflected, contrary to consensus, in a weakening economy by the second half of 2010.