The Real News' Aijaz Ahmad looks at why Rupert Murdoch support's Obama. (Murdoch supports Obama? You could have fooled me, at least judging by the blatant bias of the clowns that work for him at Fox News.)

McCain = classic "fiscal conservative" = happy to spend on armament, they're happy to run tremendous deficits by giving tax breaks to corporations, but they are fiscal conservatives when it comes to social spending, on building of infrastructures, and education or health, and so on.

Obama = ... talking about a productive economy, building the infrastructure, building health, education, and so on, putting people to work, rather than tax cuts to the rich, spend money on building the empire.

JAY: ...There's a split in the Republican Party on whether this spending on oil that benefits oil companies, that benefits the military-industrial complex, versus those that are really terrified of inflation and this growing debt...

...So Murdoch represents a section of the American elite who actually see the necessity for strengthening the American economy. And this battle between the military-oil side and the side more interested in the domestic economy is a classic battle, and it sometimes gets very furious.

AHMAD: My sense is that there are two issues involved here. There are people like Rupert Murdoch, whom you mention, people like Soros, whether they're Republican or Democrat, people who look at global economy as a whole and relate the possibility of prosperity in American economy to the global economy and its role in the global economy. And Obama's promise to create a productive economy in the United States attracts them, because that is part of their project for re-balancing the global capitalist system. The other part of it is a very fundamental structural impasse within the US economy, where within the whole structure of dominant capital, capital connected with weapons and the oil corporations has become so dominant at the expense of all the other sectors that people who are not connected with those particular sectors or who worry about the US economy as a whole are deeply upset about this structural impasse. And they want to correct that impasse, and Obama attracts them because he promises to do so.