Goldman Sachs Case Could Help Obama Shift Voter Anger

Goldman Sachs Case Could Help Obama Shift Voter Anger

Fraud charges leveled against the investment bank Goldman, Sachs & Co. center on complex financial dealings. But for President Obama, the accusations against the iconic Wall Street institution offer a chance to revitalize a simple political narrative that he has all but lost in recent months: that he and his party are protecting ordinary Americans victimized by the economic meltdown.

Republicans have been notably successful in mounting populist attacks on the administration, even framing the pending legislation that would increase regulation of Wall Street as a recipe for perpetual bailouts by taxpayers. Now the Goldman case gives the administration a chance to send a countervailing message that government intervention is essential in the face of unregulated trading that favors well-connected insiders.

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