"This is populism so crude that it channels not Teddy Roosevelt so much as Hugo Chavez."

Krauthammer interprets Obama's Osawatomie speech:

But with high unemployment, 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? Class resentment. Got a better idea?

A good question!