We are in the midst of a counterrevolution and intensifying class war. What makes its present efflorescence so striking is that it is taking place under the presidency of Barack Obama, a man elected in good measure by an aroused mass base that is now taking its lumps. The power structure no longer permits serious attention to the welfare of that mass base. The great upward redistribution of income, the increased importance of money in elections, the centralization of corporate and media control and the media’s rightward drift, globalization, outsourcing, the weakening of organized labor, and the permanent war system, have all combined to effectively eliminate a “populist” option in politics. The Democrats invariably betray their voting base, but not their investor base.