One cannot help but wonder if Obama learned nothing from his disastrous overreach on health-care.
Of course, this over-night policy priority is an attempt to change the subject from the Dems' legislative collapse and to ride the populist wave which washed away his health-care sand-castles. It remains to be seen whether this attack on the banks will parallel and channel voter unrest or be received as a smokescreen sham imposing yet further taxes to be passed on to the public.
The answer will likely emerge after Obama features this new initiative as a centerpiece of his State of the Union speech next week. I predict Obama may be surprised that his credibility has sagged to such an extent that even his lofty rhetoric will fail to heal voter disillusionment.