November 8, 2012
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2:35Now Playing"A country reeling from one disaster has dodged another. While President Obama's re-election inspires varying degrees of hope among progressives, it has evoked one common sentiment: relief. Democracy may not be reborn, but a living symbol of plutocracy was defeated by the voters on November 6.
It's worth remembering, before Mitt Romney settles into a comfortable 1 percent retirement from politics, that his victory would have imperiled the security of all but those insulated by extreme wealth from concerns like being able to find safe, warm housing in the wake of a hurricane. A Romney/Ryan win would have been viewed as a validation of a radical individualist worldview that runs counter to every value progressives hold dear. It would have collapsed the space the left needs to gain strength, and it would have empowered social forces—from the religious right to the Tea Party voter-suppression machine to Wall Street and corporate elites—that form an intractable bloc of opposition to progress for all those struggling for equality and opportunity in today's United States."*
*Read more from The Nation:
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