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The conservative counter-attack in Latin America
I would submit that events in Honduras are not isolated, but rather part of a conservative counterattack taking shape in Latin America. For some time, the right has been rebuilding in Latin America; hosting conferences, sharing experiences, refining their message, working with the media, and building ties with allies in the United States. This is not the lunatic right fringe, but rather the mainstream right with powerful allies in the middle class that used to consider themselves center, but have been frightened by recent left electoral victories and the rise of social movements.
With Obama in the White House and Clinton in the State Department they have now decided to act. Bush/Cheney and company did not give them any coverage and had become of little use to them. A "liberal" in the White House, gives conservative forces the kind of coverage they had hoped for. It is no coincidence that Venezuelan opposition commentators applauded the naming of Clinton to the State Department claiming that they now had an ally in the administration. The old cold-warrior axiom that the best antidote against the left is a liberal government in Washington gains new meaning under Obama with Clinton at the State Department.
Coup leaders in Honduras and their allies continue to play for time. Washington's continuing vacillation is allowing them to exhaust this option, but so are right-wing governments in Colombia, Mexico, Panama and Peru. After all, this coup is not just about Honduras but also about left success in Latin America, of which Honduras was the weakest link. It is increasingly becoming obvious that there is no scenario under which elites in Honduras will accept Zelaya back.