In the sense that Obama's argument does not take advantage to go into full throated economic populism, but instead sets up a "good billionaire non-outsourcing union busting boss who pays a healthy marginal tax rate" versus the Mitt Romney bad guy ...

... that's structural. President Obama is the leader of the Hedge Fund wing of the Democratic Party. There's got to be a good billionaire capitalist option out there. The fact that the rot of inherited fortunes has thoroughly corrupted our political system is not something that is to be mentioned by the politicians from the Hedge Fund wing of the party.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.