I just made a friendly $50 wager with a conservative associate of mine that Obama will not be re-elected in 2012. I can't think of a wiser investment or one more certain to pan out. The basis of my friend's belief that B.O. will get a second term, however, is of compelling interest.

He believes that the demagoguery, which has become the staple of liberal political and media discourse, will be effective. He, like many Americans, fears that Obama's class warfare strategy will pay off. After all, he points out, look at what is going on in not-so-Great Britain and to a lesser degree, in Greece and southern Europe. Over there, mobs of lazy hooligans trash and loot the business sections of their community in outrage over the trimming of the hand-outs they had been scheduled to receive from their respective Nanny states.

Despite two generations of liberal indoctrination and socialist drift, this is still the United States of America. Our nation, funded on resistance to the structured class society of European countries, attracted immigrants to America's shores yearning to be free and independent. Their drive and energy and faith helped forge the American Dream: the dream that anyone, no matter how humble their origins, can become successful. And the dream continues to come true every day all across our great land.

Just look at who's President.

Even the hand-maidens of the Great Society, growing fat on food stamps, housing vouchers, and free health care jobbed from your local emergency rooms have bought into the American Dream. Nearly every American believes that he or she can become rich here in the land of plenty. Whether by investing in lottery tickets, becoming a pro athlete or a drug dealer, or by cashing in on one's fifteen minutes of fame by exposing one's psychopathology to Jerry Springer's audience: I submit that the great majority of Americans believe that they have the opportunity to get rich.

And on the off chance that they do get rich, nobody wants to have the government confiscate the lion's share of their successful haul.

Unlike the unwashed, tatooed thugs busting up London's business community, the American lower classes believe a chance of upward mobility remains. The Europeans have never really escaped their feudal legacy: their social structure allows little upward mobility and amounts to something of caste system.

Why do you think the Founders dispensed with the idea of a House of Lords? Although Chuck Schumer, Dick Lugar and Barbara Boxer might think of themselves as Lords Temporal, to the average American they are no better than you or I. Lacking a landed aristocracy and a royal family, Americans simply don't hold the same level of contempt for the rich that has seethed for centuries in Europe, particularly in England.

Despite the voluble class warfare drivel dispensed by the liberal coalition, the average American ain't buying it. Whether its rap artist, Jay-Z celebrating his nouveau riches (to the tune of a cool $450 million) or Donald Trump, flouting the biggest bank account on the planet still incapable of buying a decent haircut, average Joe American doesn't begrudge them their riches.

What they do begrudge is a gaggle of incompetent Democrat mopes frittering away the viability of the entitlements that will keep them comfortable until the U.S.S. American Dream pulls into their own personal port.

The upper, middle and lower classes of American society will join together in 2012 and run the woefully incompetent Democrat party out of power and into the dustbin of American history.

Ralph Alter is a regular contributor to American Thinker.