"President Obama, so recently triumphant, is now reeling." Not necessarily. With Coburn and Demint in the ascendant, the Repugs are now firmly in the hands of the paleo-Palin wing. If, as Doug Henwood and Adolf Reed suggest, Obama's strategy is to transform the DP into a hegemonic center- right party, and the RP into a rump wingnut party, he's well on his way to succeeding. He's lining up the lieutenants of big capital, like GE's Jeffrey Immelt (wind turbines!) in favor of a more investment heavy stimulus plan. Only a full-scale right-wing populist revolt (going beyond idly having the car radio tuned in to Rush) can stop him now.
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