Barack Obama will be re-elected not as a vindication of his policies but because the Republicans are incapable of providing a reasonable challenge to his flawed performance. On the central issue of our time—reining in the greed of the multinational corporations, led by the financial sector and the defense industry—a Republican presidential victor, with the possible exception of the now-sidelined Ron Paul, would do far less to challenge the kleptocracy of corporate-dominated governance.
As compared to front-runner Mitt Romney, who wants to derail even Obama’s tepid efforts at regulating Wall Street, and who seeks ever more wasteful increases in military spending, the incumbent president appears relatively enlightened, but that is cold comfort.
Not only has Obama been a savior of the banking conglomerates that so generously financed his campaign, but he also has proved to be equally as solicitous of the needs of the military-industrial complex. He entered his re-election year by signing a $662 billion defense authorization bill that strips away some of our most fundamental liberties and keeps military spending at Cold War levels, and by approving a $60 billion arms deal with Saudi Arabia.
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http://www.truthdig.com/report/item/arms_dealer_obama_will_win_by_default_20120105/