We have entered a unique time in American politics, where each party has been able to tap the anger of voters in a short period of time.  For now, the advantage seems to be on the Republican side.

Think about it.  President Obama rode a wave of anger into office in 2008.

Now just 14 months later, it is obvious that a wave of anger is crashing down on Democrats and the Obama Administration by the results of elections in Massachusetts, Virginia and New Jersey.

Democrats though are still hoping to mine some of that energy for this November, by painting  Republicans as defenders of Wall Street fat cats, big banks and big business.

Last week, the President rolled out a plan to tax big banks in order to bring in money to pay for the Wall Street bailout, even though almost all of those banks have already paid back their bailout funds with interest.

In Massachusetts, Scott Brown quickly opposed the plan, and Democrats rubbed their hands together with big smiles, saying it would lead to his defeat.

Internal polls showed Martha Coakley had a 21 point advantage on Brown on the issue of who would be better to take on Wall Street.

But it sure didn't seem to matter when the voters went to cast their ballots.

And it is just as clear that Independent voters aren't fixated on that Wall Street issue, because they continue to desert the Democrats in droves.

So, while the President and Democrdats may think that they can use Populist anger to stave off Republicans this election year, don't be so sure.

The only Populists one sees these days are on the GOP side - the Tea Partiers - and they aren't going to be voting Democratic anytime soon.

Today we will see the President again trying to harness that anger on the Wall Street front as he speaks on new financial regulations designed to prevent another financial collapse.

The House has already passed a bill on that issue, but a big fight looms in the Senate, where a White House plan for a new Consumer Financial Protection Agency seems in doubt.

Frankly, this bill was going to be difficult to pass before the Massachusetts Senate race.  Now it will take on even more of a political aspect, because Democrats will use it in hopes of raising questions about Republicans and their ties to Evil Big Business Types.

We'll see in November if it works.  Recent election results might indicate something else.