Obama's New Cold War would be popular too, were the oligarchs willing to throw the masses a few crumbs.  That they are unwilling to do this is a measure of just how desperate the US economy has finally become.

I think this reflects the confidence the elite have now in the effectiveness of their capture of government and of their efforts to propagandize the electorate into supporting being ripped off for their lives. Say what you will about the US electorate but they certainly seem to include a large number of very resolute dumb fucks.

"It is not necessary to have hope in order to persevere."