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U.S. Ruling Class
Favors Obama Victory (El Universal, Mexico)
"The vast
majority of the U.S. ruling class - in the banking sector, technology and
communications, pharmaceuticals and insurance, etc. - are in accord with
Obama’s policies. By inching rightward since his first day in office, the president
has consolidated his position at the 'center.' ... Romney is trapped in this
paradox: to beat Obama, he has to approximate his policy proposals; but it is
this resemblance that favors the president."
By Emilio Zebadua*
Translated By Florizul
Acosta-Perez
October 5, 2012
Mexico
- El Universal - Original Article (Spanish)
The election battle between Barack Obama and Mitt Romney, which
takes place in a system where the outcome does not depend on the arithmetic sum
of public votes, will be decided in three, maybe four states (Ohio, Florida, Virginia
and Pennsylvania). But overall, the polling has shown enough of a spread
to anticipate the reelection of President Obama.
October 4th's debate in Denver, Colorado once again
showed not the differences between the two candidates, but the enormous
similarities in their proposals. Both stand near the center of the U.S. political
spectrum - a “center” that, by the way, is already on the right. And that
proximity is what gives added power to his reelection aspirations. In fact, President
Obama’s triumph was settled along ago, before the Democratic and Republican conventions,
and even before Romney had secured the needed delegates to win his party's
nomination.
The Republican campaign against Obama has followed two independent
sets of logic that ultimately converged in the candidacy of Mitt Romney, but
which are not compatible or even complementary.
For one, the offensive of the “extreme right,” a group represented
alternatively in recent years by Sarah Palin, Rick Santorum, Michelle Bachmann
and Newt Gingrich.
The far right lacks the strength to present a hegemonic program
or platform for the country, but it can finance a number of politicians that advocate
some key issues, primarily related to the weapons industry, oil, a sector of
the medical industry, and conservative churches, among others.
This group was defeated by McCain, who made possible Palin’s
failed 2008 candidacy for the vice presidency, and was defeated again by Romney.
His was a long four-year battle in which no opponent to his right had the corporate, bank support, or the resources, that explain Romney’s candidacy. He
defeated all of the extreme-right candidates, not so much thanks to primary
votes, but because of his place at the center.
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The vast majority of the U.S. ruling class - in the banking
sector, technology and communications, pharmaceuticals and insurance, etc. - are
in accord with Obama’s policies. By inching rightward since his first day in
office, the president has consolidated his position at the “center.”
Obama has complied with: 1) the Wall Street bailout, 2) withdrawals
from Iraq and Afghanistan, 3) economic policies with the European Union, Russia
and China, 4) domestic security and immigration controls, and 5) public health
reform (hence the decisive vote at the Supreme Court by its chief, the very
conservative John Roberts).
The rightward shift of Obama’s Administration has made the November
battle for the presidency one of marginal differences.
Romney is trapped in this paradox: to beat Obama, he has to approximate
his policy proposals; but it is this resemblance that favors the president.
*Emilio Zebadua holds a doctorate from Harvard University
emilio.zebadua@hotmail.com
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