Operating a business on Main Street is a lot different than lecturing at the Harvard Economic Club. The team Obama surrounded himself with has spent way more time in a faculty lounge than in the corner barber shop.
I have not seen much evidence of Obama being in touch with small-town Kentucky, but after reading David Plouffe's new book, The Audacity to Win, I have become convinced that he knows what it takes to run a business.
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
Populism is not so much a political stance (as "conservatism" is, for instance) as it is a political tactic. Meaning it can be used equally well by either side of our current American political divide.
There is a misplaced assumption that because African-Americans are more likely to be unemployed or poor, the policies designed to create jobs will benefit them evenly or in proportion to their disadvantage.
The Frank and Dodd regulatory reform bills are terribly drafted provisions which will strike a death blow to "main street" lenders and hand over a multi-trillion dollar mortgage market to a few large financial institutions.