James Petras

Introduction

On October 23rd of this year, President Cristina Fernandez won re-election receiving 54% of the vote, 37 percentage points higher than her nearest opponent. The President’s coalition also swept the Congressional, Senatorial, Gubernatorial elections as well as 135 of the 136 municipal councils of Greater Buenos Aires. In sharp contrast President Obama, according to recent polls is trailing leading Republican Presidential candidates and is likely to lose control of both houses of Congress in the upcoming 2012 election. What accounts for the monumental difference in voter preferences of incumbent presidents? A comparative historical discussion of socio-economic and foreign policies as well as responses to profound economic crises is at the center of any explanation of the divergent results.

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by Stephen Lendman

In 2008, a protracted global depression began, criminally manufactured by Wall Street and Washington scoundrels, complicit with major European partners.

Why? To permit greater financial and other corporate consolidation, more power, and ability to buy favored assets cheap, profiting hugely at the expense of millions of working households.

At the same time, Washington's got it own agenda. As White House chief of staff, Rahm Emanuel (now Chicago's mayor) told the Wall Street Journal on November 6, 2008:

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