Friday, June 06, 2008

Murdoch Bets the Smart Money

This story from Reuters has been commented on by a number of blogs, and I finally remembered to join the chorus:
Rupert Murdoch predicts landslide for Democrats By Eric Auchard, Thu May 29, 8:19 AM ET,

CARLSBAD, California (Reuters) - News Corp Chief Executive Rupert Murdoch on Wednesday predicted a Democratic landslide in the U.S. presidential election against a gloomy economic backdrop over the next 18 months.

Murdoch has yet to endorse a U.S. presidential candidate but considers Barack Obama very promising, the media magnate said in an interview by two Wall Street Journal reporters at an annual conference for high-tech industry insiders.
...
"You have got the Obama phenomenon. You have got, undoubtedly, a recession ... The average American is really getting hurt financially and that all bodes well for him (Obama), Murdoch said.
...
Murdoch is associated with conservative political views but has a reputation for a pragmatic streak in major national races where he has shown a willingness to switch sides when he detects major political changes afoot.
...
Murdoch said he had played a role in the endorsement by the New York Post, one of his global stable of papers, in endorsing Obama during the Democratic primary with Hillary Clinton in New York.
Murdoch may be the amoral tyrant of a the Vast Right Wing Conspiracy, but he must also be extraordinarily smart/cunning... and he knows what's coming. It's in the historical structure. Were Obama as untalented in politics as Kerry/Gore, he'd still win. I said before, the only person who could have lost this election was Hillary.

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