"Because, you see, he bears no responsibility for the current economic distress. It’s the rich. And, like Horatius at the bridge, Obama stands with the American masses against the soulless plutocrats.
This is populism so crude that it channels not Teddy Roosevelt so much as Hugo Chávez. But with high , economic stagnation, and unprecedented deficits, what else can Obama say?
He can’t run on stewardship. He can’t run on policy. His signature initiatives — the stimulus, Obamacare, and the failed cap-and-trade — will go unmentioned in his campaign ads. Indeed, they will be the stuff of Republican ads.
What’s left? "
Obama’s Campaign for Class Resentment - Charles Krauthammer - National Review Online