The good news: The Obama administration is acting exactly as they said they would, and as the majority of the American people want them to act.
Populism is all well and good, until it's realized the corporations being attacked are the ones that employ you, and the rich people being soaked are the ones who's bank accounts provide your loans. What I see, and what almost none of the rest of you seem to understand, is that rich people are the only sort of people who absolutely can, and therefore will, take their money to a place it won't be sucked away to finance "economic justice." Big corporations are the only ones who can, and therefore will, close up and move shop to do the same. Then it'll be the rest of us who'll be left holding the bag.
If the past is any guide, it'll take three to five years for the destruction these policies will wreak to become impossible to ignore. And no, I don't think it'll be the end of the world, or the end of the nation, or even the end of Our Way of Life. Watergate was a much bigger disaster than the Bush administration, and Republicans managed to recover from that to rescue us from the last Democratic super-majority, back in 1980. I'm sure they'll be able to swoop in again to save us from this one. Eventually.
Which will, of course, simply re-set the alarm. Whenever there are enough voters with no memory of what happens when progressives are given power, who forget economic justice is incompatible with personal liberty, and who actually listen to people who've never done a real day's work in their life, it's just about inevitable the Democrats will be there to ride their naivete back to power. Which merely serves to give the wheel another turn.