Must-read: Richard Seymour on American Politics

Excellent Richard Seymour post on the present state of American politics here. Below is an excerpt:

Obama and the Democrats are in trouble. Barring some unforeseeable development on a par with Katrina in terms of scale, the GOP is going to romp the mid-terms on a much reduced turn-out. The capitalist media will say that this is because of the Tea Party 'movement', or because the president moved too far to the left in a centre-right nation. Left-wing anger, and the disillusionment of working class constituencies previously supportive of Obama, will be ignored.