At the Washington Cathedral memorial service for conservative icon Jack Kemp last May, many of his loyalists asked the same question: with Kemp’s passing, would his infectious pro-growth optimism also depart our political stage? That profoundly sad day, it certainly seemed possible.

Just eight months later, there is a remarkable potential candidate in the Kemp mold who may oppose – and defeat – uber liberal Sen. Chuck Schumer (D-NY). New York Republican, Conservative and Tea Party leaders are talking up the potential candidacy of CNBC commentator Larry Kudlow, a former advisor to Kemp and Ronald Reagan.

For decades, Chuck Schumer has bullied his way to victory at the polls. He’s a prodigious fundraiser, a tough campaigner, and has long been thought unbeatable. But as former New York Assembly Republican leader John Faso noted recently in the New York Post, Schumer’s “image of invincibility has been fed by the failure of Republicans in New York and Washington to aggressively attack his vulnerabilities.”

Many New Yorkers agree: it is difficult to find a federal legislator as odious as Schumer. He is personally responsible for much of the bad policy that led to the economic melt down of the United States. He stands firmly in favor of health care reform that is bad for New Yorkers and he supports a tax on banks that is poison for the Empire State.

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President Obama’s advisers assure us that he will use his State of the Union address tonight to deal with our nation’s ailing economy. Americans have already begun to hear talk of a “hard pivot” at the White House, away from health care and towards jobs.

Yet in economic terms, the president’s shift thus far has been more of the same: more government control and less individual freedom.

His attacks on banks—including a new tax that will invariably be passed on to consumers—caused stocks to plummet last week. He has targeted some banks for being “too big,” but without ending the costly policy of “too big to fail,” which removes the discipline of risk and reward. He crowed, “We want our money back,” but wants to use “our” money for his own spending programs, not for tax relief.

The central idea of the President’s new plan appears to be shaping up as a jobs program, in imitation of FDR’s public employment programs during the Great Depression, and funded by new taxes on Wall Street.

The plan is not about job creation—more jobs could be created by the private sector—nor is it about recouping the bailout. It is primarily about redistribution—and is based on old, bad ideas.
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The voters are getting angry at The One. A majority disapprove of how he’s handling health care “reform” AND the economy. The AP reports that the billions spent on road construction has done nothing to lower unemployment. The “most popular government program” in years, Cash-4 -Clunkers was actually, predictably, a flop. Unemployment is way higher than they said it would be if we didn’t rush through the borrow and spend porkulus bill.

So, what to do to keep the rabble from voicing their displeasure? Blame someone else! Obama wants to tax the big bad banks. He says it’s to get our TARP money back and to reduce undue risks by the greedy bankers. The One wants you to believe that the big banks are the kind of guys who would take the last piece of pizza from the birthday boy at Chuck-E-Cheese (see above photo).

Obama has been strident in his criticism of bankers, calling them “fat cats” last month in an interview that aired on the eve of their visit to the White House. With public anger over the bailout still strong, Obama has embraced populist rhetoric in an effort to shame bank executives into paying back the government more quickly and their executives less lavishly.

At the White House on Monday, Obama spokesman Robert Gibbs jabbed at the perceived disconnect between Wall Street executives and their customers. The spokesman said the disparity angered his boss.

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