If Moore announced his candidacy for the Democratic nomination now, and followed up that announcement with a vigorous campaign focused on the struggles of rank-and-file Democrats, it would remobilize rank-and-file Democratic activists. It's possible that he might even win; but win or lose, the campaign could arrest and reverse the current rightward, pro-corporate trajectory of our national politics, which is the predictable consequence of the failure of Team Obama to deliver on its promises from 2008, which in turn was the predictable consequence of the doomed effort to try to serve two masters: Wall Street and Main Street.
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