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Ayn Rand, idiot, user, vile entity and crappy writer though she was, DID have one really good point to make: that there really aren't such things as contradictions. When encountering a contradiction, she said, examine your premise.
The unshakable perception of many people is that our President is really a progressive lefty who's just waiting for the strategically decisive moment to stop lying to the reactionaries and turn on his heels and be a populist savior. Mercifully, many are now changing their tune, claiming that people who considered him a populist were just idiots who weren't listening carefully enough.
To be blunt: Obama is somewhat progressive on labor, science and (presumably) on the environment, but he's a solid, dependable corporatist. Medicine Incorporated has nothing to fear, nor does Religion Incorporated, and CERTAINLY not Money, Incorporated. The plans for the big media are still open to great speculation, but taken as a whole, Obama simply isn't that liberal.
Maybe Murdoch is perfectly clear about who and what Obama is and it fits just fine with his oligarchical plans.
It's certainly the easiest, least convoluted, most direct and simplest explanation. What's the problem?
Here's the problem: people develop their simplistic labels for individuals, and have to go through olympian mental and rhetorical gymnastics to force the world to fit with its preconceptions.
Think about this: at a time of obvious fraud in the banking and investment businesses, anyone with a NEUTRAL stance would be nationalizing all over the place. A liberal would have already done a lot of it. The only people who would fight a rearguard action against this would be staunch defenders of private enterprise against the very survival of society itself. Whether it's an ideological bent or an accommodation of political convenience or necessity, the end result is the same.
Why should Rupert Murdoch have any problem with this administration? On his important issues, they're more or less of the same mind.
Just to remind: this explanation doesn't require ANY re-evaluation of Murdoch's politics or personal control over his business. Outrageous silliness like depicting him as henpecked and at the mercy of his wives' politics isn't necessary with this. Obama has never made a big deal about increasing regulation or intervening or nationalizing; at every turn, he constantly sings the praises of private enterprise. There's no real need to skew the evidence on him, either.
What's the problem? Fits like a glove.
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